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Restore SGF Down Payment Assistance

Restore SGF · 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

150% AMI

Of area median income; varies by county and household size

Price cap

$250,000

Highest purchase price the program allows

Repayment

Grant

Not repaid

What is Restore SGF Down Payment Assistance?

Restore SGF Down Payment Assistance is a grant for homebuyers in Springfield, Missouri, administered by Restore SGF.

  • Restore SGF, a Springfield neighborhood-revitalization nonprofit, offers a $9,000 down payment assistance grant to qualifying first-time homebuyers purchasing in five designated historic Springfield neighborhoods (Doling Park East, Fassnight, Grant Beach, Meador Park East, and Woodland Heights). The grant is structured as a 5-year deed restriction that is forgiven if the buyer keeps the home as a primary residence for five years.
  • $9,000 grant toward down payment/closing costs, forgiven after 5 years of owner-occupancy (repayable if sold within 5 years).

How much assistance does it provide?

Restore SGF Down Payment Assistance offers up to $9,000 in assistance.

  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — Restore SGF determines any individual award.

Do you have to pay it back?

Restore SGF Down Payment Assistance is structured as a grant, so it is not repaid.

  • Repayment is triggered by Sale of the property within the first 5 years (deed restriction).
  • The assistance is recorded in second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Restore SGF Down Payment 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 — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Home must be in one of five designated neighborhoods (Doling Park East, Fassnight, Grant Beach, Meador Park East, Woodland Heights). Borrower must contribute $2,000 of own funds at closing, be a first-time homebuyer or not have owned in the prior 3 years, complete a first-time homebuyer class with certificate, and sign the Restore SGF DPA Program Policies & Procedures. Income must be above 80% and not exceed 150% of AMI. Sales price must not exceed $250,000. Pre-qualification letter required from a mortgage lender located in Greene County (fixed-rate mortgage only). Deed restriction requires repayment of the $9,000 if sold within first 5 years.

The program excludes

  • Purchases above the $250,000 price cap
  • Households above 150% 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?

Restore SGF Down Payment Assistance limits household income to 150% of the area median income, which varies by county and household size.

  • Household income must be above 80% and not exceed 150% of Area Median Income (size-adjusted; e.g., 4-person 150% limit = $137,063, effective June 5, 2026).
  • 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?

Restore SGF Down Payment Assistance caps the purchase price at $250,000.

Where does it apply?

Restore SGF Down Payment Assistance serves buyers purchasing in Springfield, Missouri.

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

How do you apply?

Applications for Restore SGF Down Payment Assistance go through Restore SGF, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Restore SGF to reserve funds

    Funds are reserved with the provider 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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