Restore SGF Down Payment Assistance program

Restore SGF Down Payment Assistance program is sponsored by Restore SGF. This program provides down payment assistance for homebuyers in specific Springfield neighborhoods. It aims to connect buyers with local mortgage lenders offering creative financing options.

Down Payment Assistance | Restore SGF The application submission is now closed. Thank you for your interest in Restore SGF's Down Payment Assistance (DPA) program. We want to thank our local partners for their support and the overwhelming success of this second round of applications.

In the meantime, verify your qualifications and fill out an interest form to join our waitlist for updates on future application dates. To be eligible for Down Payment Assistance, a borrower must meet several qualifications. Be able to contribute $2,000 of their own money at the time of closing.

Income cannot exceed 150% and must be above 80% of Area Median Income (AMI). View chart below. Must be a first-time homebuyer or have not owned a home in the previous three years.

The sales price of the home must not exceed $250,000. The home purchased must be located in one of the five neighborhoods shown below. A signed copy of “Down Payment Assistance (DPA) Program of Restore SGF Program Policies and Procedures”.

The borrower must complete a first-time homebuyer class and earn a certificate. The Down Payment Assistance program is now open for applications in the Doling Park East, Fassnight, Grant Beach, Meador Park East, and Woodland Heights neighborhoods. Determine if your neighborhood is eligible for program application by reviewing the Eligibility Inquiry document .

Boundaries: Interstate-44 on the North, Kearney Street South, Glenstone on the East, and Robberson on the West. Boundaries: Sunshine Street on the North, Battlefield Road on the South, Glenstone Avenue on the East, and National on the west. Boundaries: Grand on the North, Sunshine on the South, Campbell on the East, and Kansas Expressway on the West.

Boundaries: Kearney Street on the North, Railroad Tracks South of Chase on the South, Washington/Benton on the East, and Kansas Expressway on the West. Boundaries: Railroad tracks North of Commercial Street on the North, Chestnut Expressway on the South, Boonville Avenue on the East, and Kansas Expressway on the West.

To qualify for the Down Payment Assistance program, your income, based on household size, cannot exceed 150% and must be above 80% of the Area Median Income (AMI). View the chart below and select your household size for details.

Above 80% of Median - $51,201 Above 80% of Median - $58,501 150% of Median - $109,688 Above 80% of Median - $65,801 150% of Median - $123,375 Above 80% of Median - $73,101 150% of Median - $137,063 Above 80% of Median - $78,951 150% of Median - $148,031 Above 80% of Median - $84,801 150% of Median - $159,000 Above 80% of Median - $90,651 150% of Median - $169,969 Above 80% of Median - $96,501 150% of Median - $180,938 Preferred Lender Partners The Ultimate User-Friendly Experience New homebuyers have the opportunity to benefit from the lower down payment requirement of an FHA loan.

Their Home4Me™ process ensures a seamless and customizable experience, empowering you to engage with each step according to your preferences. Get 100% financing for your home purchase, retaining liquid assets to increase purchasing power. Opt for their solution to build equity faster than with a traditional 30-year mortgage term.

Visit commercebank. com/mortgage to apply or call 1(800)453-2265. Guaranty Bank offers tailored home loan solutions, bridging the gap between aspiration and achievement in homeownership.

They offer diverse loan programs catered to your requirements. As a trusted community bank in Southwest Missouri, they leverage local expertise to provide personalized mortgage solutions that align with your financial goals. Upgrade Your Home Without Breaking the Bank.

Upgrade your home affordably with competitive mortgage rates and flexible financing options. No matter your situation, our local team provides quick, personalized service. Choose from fixed-rate mortgages, ARMs, USDA, FHA, or VA loans.

Benefit from free pre-approval and attentive support throughout the process. Find the Right Home Loan Option for You Empower your home buying journey with us. Navigating the complexities of home loans made easy.

Expert guidance and local support every step of the way. Competitive rates. Free pre-qualification.

Local decision-making & processing. Make homeownership a reality. Simmons Bank offers a variety of mortgage loan options to assist you, whether you are dreaming of buying a home, refinancing your current mortgage, planning for an investment property or buying that vacation retreat you've always wanted.

Central Bank of the Ozarks First-Time Homebuying Made Easy As the premier mortgage lender in Springfield, Central Bank combines a First Time Homebuyer Program that requires no down payment, a full online closing available, and a mortgage app that walks you through the process. Visit centralbank. net/mortgage to apply or call 417-881-5100.

Great Southern's Path to Ownership Whether you seek a fixed-rate loan, an adjustable-rate mortgage, or specialized programs like VA, USDA, and FHA loans, we're here to match you with the ideal mortgage options. A Legacy That Will Lead – and One That Will Last. They've been serving the Ozarks since 1907, bringing their clients the type of personal service, attention, and commitment that they deserve.

Discover the Difference with OakStar's Local Home Loans. Offering personalized service and a range of financing options tailored to your needs. Whether you're buying or refinancing, let's make your dream home a reality.

Unlock Your Dream Home with Regent Mortgage. As a concierge-level program, we prioritize your homebuying journey. With tailored mortgage programs and unwavering support, we guide you seamlessly through the process.

Serving communities across Springfield, Missouri. Tailored Mortgage Solutions Just for You. Whether buying or refinancing, we've got you covered with personalized service and a wide range of loan options.

Our dedicated team is here to guide you every step of the way. Apply online for convenience. Additional Lender Resources Missouri Housing development commission First Place Loans Offered by MHDC-certified lenders.

Offered by a variety of lenders Home Loans offered by VA-approved lenders and insured by the Department of Veterans Affairs. Federal Housing Administration Loans offered by FHA-approved lenders and FDA insured. Frequently asked questions Have questions about the Down Payment Assistance or how to get involved?

Find answers to common inquiries about our mission, events, and volunteer opportunities here. If you need more info, reach out to us directly—we're here to help!