Down Payment Assistance Program – City of Springfield, Missouri | Missouri grant

Down Payment Assistance Program – City of Springfield, Missouri

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City of Springfield – Planning & Development / Community DevelopmentMOFirst-Time Homeowner

Funding: Offers a zero percent interest deferred loan typically up to about 9000 dollars to help first-time buyers or displaced persons cover down payment and eligible closing costs, with repayment due when the home is sold, refinanced, transferred, or no longer owner occupied under current guidelines.Zero percent interest 10 year deferred second mortgage for down payment and closing costs funded with HUD resourcesRollingDeadline: Scope: Localstate

Updated: Dec 6, 2025

Summary

The City of Springfield Down Payment Assistance Program provides no-interest second-mortgage funds to help first-time homebuyers cover upfront down payment and closing costs. Targeted to income-eligible households, the program leverages HUD funding to make homeownership more accessible within Springfield city limits.

Benefits

down payment assistanceclosing cost assistance

Who Can Apply

homebuyerfirst-time homebuyerdisplaced personlow- to moderate-income homebuyer

Eligible Locations

Owner occupied primary residences within the Springfield, Missouri city limits, often in designated target areas, purchased by income eligible first-time homebuyers or displaced persons who meet HUD income limits and program purchase price caps.

Eligibility

First-time homebuyers purchasing an owner-occupied home within Springfield city limits, with household income at or below roughly 80% of the area median, who meet HUD guidelines, property price limits, and other program requirements.

Full Description

Missouri program summaries describe the Springfield Down Payment Assistance Program as a local initiative that offers no-interest loans of up to about $5,000 to help first-time buyers with their down payment and eligible closing costs. Assistance is structured as a deferred second mortgage: borrowers do not make monthly payments, and repayment is typically due only when the home is sold, refinanced, transferred or stops being the buyer’s primary residence. Funding is tied to U.S. Department of Housing and Urban Development (HUD) resources, so households must generally be at or below 80% of the Springfield area median income and purchase an eligible, owner-occupied home within city limits that meets program purchase price caps and property standards. In addition to satisfying income and price limits, applicants usually must qualify for a primary mortgage with an approved lender and complete homebuyer education or counseling from a HUD-approved provider. This structure lets Springfield first-time homebuyers pair a traditional mortgage with targeted down payment assistance, reducing the cash needed to close and improving long-term affordability while keeping the city’s housing stock within reach for moderate-income residents.

Verification & Details

Status: Open

Source: springfieldmo.gov

Official source → springfieldmo.gov

Apply on official siteUpdated Dec 6, 2025

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Homebuyer Programs – First Place, Next Step & Mortgage Credit Certificate

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