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West Springfield Downpayment Assistance

West Springfield, Massachusetts

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See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is West Springfield Downpayment Assistance?

West Springfield Downpayment Assistance is a deferred second loan for homebuyers in West Springfield, Massachusetts.

  • The West Springfield Downpayment Assistance Program is a town-funded (HOME/CDBG) 0% deferred second mortgage administered by Way Finders. The Town of West Springfield contracts with Way Finders to provide homebuyer education, intake, packaging, and loan servicing for income-eligible first-time homebuyers purchasing within West Springfield.
  • Up to $10,000 in down-payment and closing-cost assistance for income-eligible first-time homebuyers purchasing in the Town of West Springfield. Funded through the Town's HUD HOME / CDBG entitlement and administered by Way Finders, the Western Massachusetts CDFI/CHDO. Structured as a 0% interest deferred-payment second mortgage repayable upon sale, refinance with cash-out, or loss of primary residence per HUD HOME affordability rules.
  • Funding comes from HOME, CDBG, Federal, and Local Government.

Do you have to pay it back?

West Springfield Downpayment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Deferred 0% second mortgage, repayable upon sale, refinance with cash-out, transfer of title, or loss of primary-residence status, and HUD HOME recapture during the affordability period (5-15 years).
  • The assistance is recorded in 2 position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

West Springfield Downpayment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: First-time homebuyer (no ownership in prior 3 years) or displaced homemaker.
  • The home is occupied as a primary residence
  • On credit: Determined by first-mortgage lender; typical 620-640 floor.
  • A completed homebuyer education course, through Way Finders First-Time Homebuyer Education (HUD-approved 8-hour pre-purchase course).
  • Residency: Property must be located in the Town of West Springfield and the buyer's primary residence for the HUD HOME affordability period.
  • Citizenship or immigration status: U.S. citizen or eligible non-citizen per HUD HOME rules.
  • First-time homebuyer (no ownership in prior 3 years); property must be in Town of West Springfield and primary residence; complete Way Finders 8-hour homebuyer education and counseling; household income at or below 80% AMI Springfield HMFA (~$55,800 1-person to $105,250 8-person FY26 - West Springfield uses tighter Springfield-City limits); minimum 1.5% buyer contribution; HUD HQS / MA lead-safe compliance; HUD HOME affordability covenant.

The program excludes

  • Manufactured homes
  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

West Springfield Downpayment Assistance limits household income to 80% of the area median income, which varies by county and household size.

  • Household income at or below 80% AMI Springfield HMFA per HUD West Springfield income limits: ~$55,800 1-person; $63,800 2-person; $71,800 3-person; $79,750 4-person; up to ~$105,250 8-person (FY26).
  • The limit applies to total household income, not only the borrower’s.
  • The program lists a maximum household size of 8.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

West Springfield Downpayment Assistance caps the purchase price as follows: Subject to HUD HOME 95% area median purchase price limits for Springfield HMFA.

  • Eligible property types include Single-family detached, Two-family, Three-family, Townhouse, and Condominium.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

West Springfield Downpayment Assistance serves buyers purchasing in West Springfield, Massachusetts.

How do you apply?

Applications for West Springfield Downpayment Assistance go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Way Finders First-Time Homebuyer Education (HUD-approved 8-hour pre-purchase course)..

  2. Contact the administering agency to reserve funds

    Funds are reserved through First-come, first-served subject to availability; applicant enrolls in Way Finders FTHB class and works with a homeownership specialist., and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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