CITY OF SPRINGFIELD
SPRINGFIELD HOME OWNERSHIP PROGRAM
Provides a home ownership program to assist low and moderate income residents with the first-time purchase of a home. The city can loan up to $25,000 toward the down payment and related costs of buying a qualified home. The loan is interest-free, and repayment is generally not required until the home is sold, refinanced, or transferred.
225 5th Street
Springfield, OR 97477
Eligibility: -Be a first-time home buyer or have not owned a home in the past three years
-Meet income requirements
-Be prequalified for a home loan
-Successfully completed the Homebuying Foundations class through DevNW
-Contribute a minimum of 50% of the minimum down payment required by the primary lender
Hours: Monday-Friday 8am-5pm
(541) 345-7106 2053 ..
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INTAKE PROCEDURE: Call, email, or visit website for more information
FEES: None
DOCUMENTS: Proof of income, credit report, W2's and 1040's, Homebuying Foundations certificate
LANGUAGES: English, interpretation or signing by arrangement
AREA SERVED: City of Springfield
Services:
  • Home Purchase/Construction Financing/Refinancing
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CITY OF SPRINGFIELD