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City of Springfield Down Payment Assistance Loan Program

City of Springfield Department of Planning & Development, Community Development / Housing Assistance Programs · Springfield, Missouri

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See what you qualify forOfficial program site →
Assistance

$9,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Price cap

$214,000

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 10 years

What is City of Springfield Down Payment Assistance Loan Program?

City of Springfield Down Payment Assistance Loan Program is a forgivable loan for homebuyers in Springfield, Missouri, administered by City of Springfield Department of Planning & Development, Community Development / Housing Assistance Programs.

  • The City of Springfield assists first-time homebuyers (or certain displaced persons) with down payment and closing cost assistance to purchase a primary residence within the Springfield city limits. Funding is provided by federal HUD (HOME/CDBG) funds for households at or below 80% of the Springfield median income. Assistance is a deferred, forgivable loan with no interest and no monthly payments.
  • Up to $9,000 toward down payment and closing costs as a 0% interest deferred loan that is forgiven over a 10-year period as long as the home remains the buyer's primary residence.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from U.S. Department of Housing and Urban Development (HUD) federal funds.

How much assistance does it provide?

City of Springfield Down Payment Assistance Loan Program offers up to $9,000 in assistance.

  • Amounts are the program's published maximums, not an offer — City of Springfield Department of Planning & Development, Community Development / Housing Assistance Programs determines any individual award.

Do you have to pay it back?

City of Springfield Down Payment Assistance Loan Program is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Loan is forgiven over 10 years; repayment owed if the home ceases to be the buyer's primary residence during the forgiveness period.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Springfield Down Payment Assistance Loan Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • Must be a first-time homebuyer or qualifying displaced person. Must be pre-qualified for a qualified first mortgage from a lender. Home must be located within Springfield city limits and be the buyer's primary residence. Income limits may change annually. Funding is limited. Confirm current amount/terms with the city before relying on figures.

The program excludes

  • Purchases above the $214,000 price cap
  • 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?

City of Springfield Down Payment Assistance Loan Program limits household income to 80% of the area median income, which varies by county and household size.

  • Household income at or below 80% of the Springfield Area Median Income (limits change annually).
  • 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?

City of Springfield Down Payment Assistance Loan Program caps the purchase price at $214,000.

Where does it apply?

City of Springfield Down Payment Assistance Loan Program is a federal program, so it is not limited to Missouri.

  • The program gives priority to designated target areas, so the address matters as well as the county.

How do you apply?

Applications for City of Springfield Down Payment Assistance Loan Program go through City of Springfield Department of Planning & Development, Community Development / Housing Assistance Programs, which publishes the current terms and the application steps on its own site.

  1. Contact City of Springfield Department of Planning & Development, Community Development / Housing Assistance Programs to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. 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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