DEVNW SALEM
DOWN PAYMENT ASSISTANCE
Provides a combination of education, counseling, and financial assistance through loans up to $25,000 for income-qualified first-time homebuyers to cover a portion of the down payment and/or closing costs associated with the purchase of a home.
528 Cottage Street NE
Suite 1C
Salem, OR 97301
Eligibility: -Low to moderate income households
-Be a first time homebuyer; you cannot have owned a home in the past three years
-Purchase within Marion County, but outside the city limits of Salem
-Purchase a single-family home, including a detached home, a condo, or a manufactured home on owned land
-Occupy the home
-Have a minimum of $1,500 of your own saving for downpayment (or a minimum of 3.5% of the purchase price if you are getting an FHA loan)
-Additional loan requirements
Hours: Monday-Thursday 8am-6pm
(503) 779-2680
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Phone/FAX Numbers
  • Main phone (503) 779-2680
Email Address: [email protected]
INTAKE PROCEDURE: Call or visit website for more information
FEES: $75 one-time fee for homeownership class and counseling
DOCUMENTS: Application
LANGUAGES: English, Spanish, interpretation by arrangement
AREA SERVED: Marion County
Services:
  • Home Purchase/Construction Financing/Refinancing
Other Services Offered At This Location:
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DEVNW SALEM