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City of Springfield Down Payment Assistance Program

City of Springfield Office of Housing · Springfield, Ohio

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See what you qualify forOfficial program site →
Assistance

$7,500–$35,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is City of Springfield Down Payment Assistance Program?

City of Springfield Down Payment Assistance Program is a forgivable loan for homebuyers in Springfield, Ohio, administered by City of Springfield Office of Housing.

  • The City of Springfield Office of Housing provides down payment and closing cost assistance ranging from $7,500 to $35,000 to income-qualified, first-time homebuyers purchasing a home in the City of Springfield. Assistance is structured as a 0% interest deferred-payment loan that is forgiven over ten years of continued owner-occupancy: no forgiveness in the first 5 years, then one-fifth forgiven each year beginning after the 6th full year, with the full loan forgiven at 10 years.
  • 0% interest deferred, forgivable loan of $7,500-$35,000 for down payment and closing costs; fully forgiven after 10 years of owner-occupancy.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from HUD federal entitlement funds (City of Springfield).

How much assistance does it provide?

City of Springfield Down Payment Assistance Program offers between $7,500 and $35,000 in assistance.

  • Amounts are the program's published maximums, not an offer — City of Springfield Office of Housing determines any individual award.

Do you have to pay it back?

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

  • Repayment is triggered by Sale, transfer, or cessation of owner-occupancy before the loan is fully forgiven (declining balance, one-fifth forgiven per year beginning after the 6th year of owner-occupancy).
  • The assistance is recorded in subordinate position.
  • 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 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
  • A completed homebuyer education course
  • Home must be located within the City of Springfield and be the applicant's primary residence. First-time homebuyer required. Applicant must contribute a minimum of 1% of own funds toward the purchase. Loan-to-value ratio must be 103% or less and debt-to-income ratio 45% or less (case-by-case exceptions possible). Must complete homebuyer education from a HUD-certified counselor at a HUD-approved housing counseling agency. No forgiveness during first 5 years; one-fifth forgiven annually beginning after year 6.

The program excludes

  • 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 Program limits household income to 80% of the area median income, which varies by county and household size.

  • Occupant household income cannot exceed 80% of Area Median Income, determined annually by HUD.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Where does it apply?

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

How do you apply?

Applications for City of Springfield Down Payment Assistance Program go through City of Springfield Office of Housing, 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 City of Springfield Office of Housing 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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