Springfield Home Ownership Program
Under SHOP, the City can loan up to $7,000 in assistance funds that go toward the down payment and related costs of buying a qualified home in Springfield. The loan is interest-free and repayment is not required until the home is sold, refinanced, or transferred. The buyer must contribute at least 50% of the minimum down payment required by the primary lender.
To be eligible for the Springfield Home Ownership Program, all applicants must be first-time homebuyers, purchase homes within the city limits of Springfield, and fall within set income limits (shown below).
1-person household: $35,950
2-person household: $41,050
3-person household: $46,200
4-person household: $51,300
5-person household: $55,450
6-person household: $59,550
7-person household: $63,650
8-person household: $67,650
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.
First-Time Homebuyer Programs in Oregon
The City of Springfield's Home Ownership Program (SHOP) promotes homeownership by assisting low-income first-time homebuyers with the purchase of their first home.
First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
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