Down Payment Assistance Program

Down Payment Assistance Program is a grant for homebuyers in Siletz, Oregon. The Confederated Tribes of Siletz Indians' Tribal Housing Department provides down payment assistance grants to enrolled tribal members purchasing primary residences. Funded through NAHASDA and tribal housing programs. Tribal Down Payment Assistance grant for enrolled members of the Confederated Tribes of Siletz Indians. Funds may be used for down payment, closing costs, or principal reduction on a primary residence. Forgiven over an affordability period if owner-occupancy maintained. Funding comes from Tribal and NAHASDA.

Down Payment Assistance Program is structured as a grant, so it is not repaid. Repayment is triggered by Loss of owner-occupancy or sale before forgiveness period concludes. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: May allow non-first-time buyers per tribal housing rules. On credit, the program states: 620 minimum FICO. A homebuyer education course is required, through Siletz Tribal Housing Homebuyer Education / HUD-approved counseling. Residency requirement: Property typically within tribal service area or Oregon. Citizenship or immigration status: U.S. citizen / Tribal enrollment. Must be an enrolled member of the Confederated Tribes of Siletz Indians. Pre-purchase homebuyer education required. Income limits up to 100% AMI (~$17,400 minimum tier; up to $87,300 for larger households). 620 minimum FICO. Owner-occupancy required.

Down Payment Assistance Program limits household income to 100% of the area median income, which varies by county and household size. Household income tiers from very-low (~$17,400 for 1-person) up to 100% AMI (~$87,300 for larger households). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Down Payment Assistance Program caps the purchase price as follows: Set per program guidelines. Eligible property types include 1-unit single-family, condominium, townhome, PUD, manufactured home on owned land. New construction is eligible. Manufactured homes are eligible.

Down Payment Assistance Program names American Indian and Alaska Native homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Down Payment Assistance Program serves homebuyers purchasing in Siletz, Oregon.

Applications for Down Payment Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Application through Siletz Tribal Housing. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.