down payment assistance
The application submission is now closed.
Thank you for your interest in Restore SGF's Down Payment Assistance (DPA) program. We want to thank our local partners for their support and the overwhelming success of this first round of applications. In the meantime, verify your qualifications and fill out an interest form to join our waitlist for updates on future application dates.
Contact us with questions.
Eligibility
To be eligible for Down Payment Assistance, a borrower must meet several qualifications.
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Be able to contribute $1,500 of their own money at the time of closing.
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Income cannot exceed 150% of Area Median Income (AMI). View chart.
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Must be a first-time homebuyer or have not owned a home in the previous three years.
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The sales price of the home must not exceed $250,000.
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The home purchased must be located in one of the five neighborhoods shown below.
Eligible Neighborhoods
The Down Payment Assistance program is now open for applications in the Doling Park East, Fassnight, Grant Beach, Meador Park East, and Woodland Heights neighborhoods. Determine if your neighborhood is eligible for program application by reviewing the Eligibility Inquiry document.
Doling Park east
Boundaries: Interstate-44 on the North, Kearney Street South, Glenstone on the East, and Robberson on the West.
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Meador Park east
Boundaries: Sunshine Street on the North, Battlefield Road on the South, Glenstone Avenue on the East, and National on the west.
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Fassnight
Boundaries: Grand on the North, Sunshine on the South, Campbell on the East, and Kansas Expressway on the West.
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Woodland Heights
Boundaries: Kearney Street on the North, Railroad Tracks South of Chase on the South, Washington/Benton on the
East, and Kansas Expressway on the West.
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grant beach
Boundaries: Railroad tracks North of Commercial Street on the North, Chestnut Expressway on the South, Boonville Avenue on the East, and Kansas Expressway on the West.
Household income limit
To qualify for the Down Payment Assistance program, your income, based on household size, must not exceed 150% of the Area Median Income (AMI).
View the chart below and select your household size for details.
Median - $73,400
150% of Median - $110,100
Effective June 1, 2024
financing
Preferred Lender Partners
Arvest Bank
The Ultimate User-Friendly Experience
New homebuyers have the opportunity to benefit from the lower down payment requirement of an FHA loan. Their Home4Meâ„¢ process ensures a seamless and customizable experience, empowering you to engage with each step according to your preferences.
Commerce Bank
Zero Down Payment
Get 100% financing for your home purchase, retaining liquid assets to increase purchasing power. Opt for their solution to build equity faster than with a traditional 30-year mortgage term. Visit commercebank.com/mortgage to apply or call 1(800)453-2265.
Guaranty Bank
Turn Dreams into Reality
Guaranty Bank offers tailored home loan solutions, bridging the gap between aspiration and achievement in homeownership. They offer diverse loan programs catered to your requirements. As a trusted community bank in Southwest Missouri, they leverage local expertise to provide personalized mortgage solutions that align with your financial goals.
Mid-Missouri Bank
Upgrade Your Home Without Breaking the Bank.
Upgrade your home affordably with competitive mortgage rates and flexible financing options. No matter your situation, our local team provides quick, personalized service. Choose from fixed-rate mortgages, ARMs, USDA, FHA, or VA loans. Benefit from free pre-approval and attentive support throughout the process.
Old Missouri Bank
Find the Right Home Loan Option for You
Empower your home buying journey with us. Navigating the complexities of home loans made easy. Expert guidance and local support every step of the way. Competitive rates. Free pre-qualification. Local decision-making & processing.
UMB Bank
Tailored Mortgage Solutions Just for You.
Whether buying or refinancing, we've got you covered with personalized service and a wide range of loan options. Our dedicated team is here to guide you every step of the way. Apply online for convenience.
Central Bank of the Ozarks
First-Time Homebuying Made Easy
As the premier mortgage lender in Springfield, Central Bank combines a First Time Homebuyer Program that requires no down payment, a full online closing available, and a mortgage app that walks you through the process. Visit centralbank.net/mortgage to apply or call 417-881-5100.
Great southern bank
Great Southern's Path to Ownership
Whether you seek a fixed-rate loan, an adjustable-rate mortgage, or specialized programs like VA, USDA, and FHA loans, we're here to match you with the ideal mortgage options.
Legacy Bank & Trust
A Legacy That Will Lead – and One That Will Last.
They've been serving the Ozarks since 1907, bringing their clients the type of personal service, attention, and commitment that they deserve.
Oak Star Bank
Discover the Difference with OakStar's Local Home Loans.
Offering personalized service and a range of financing options tailored to your needs. Whether you're buying or refinancing, let's make your dream home a reality.
Regent Bank
Unlock Your Dream Home with Regent Mortgage.
As a concierge-level program, we prioritize your homebuying journey. With tailored mortgage programs and unwavering support, we guide you seamlessly through the process. Serving communities across Springfield, Missouri.
Additional Lender Resources
Drew Lewis Foundation
Blue House Project
Missouri Housing development commission
First Place Loans Offered by MHDC-certified lenders.
Fannie Mae
Offered by a variety of lenders
Veterans Affairs
Home Loans offered by VA-approved lenders and insured by the Department of Veterans Affairs.
Federal Housing Administration
Loans offered by FHA-approved lenders and FDA insured.
Habitat for Humanity
Home Buying Program