Salem First-Time Homebuyer Down Payment Assistance

City of Salem Community Development (HOME)

Waitlist Down Payment

About This Program

Provides forgivable loans for down payment and closing costs to first-time homebuyers purchasing in Salem city limits. Loan is forgiven after 10 years of owner-occupancy. Income and purchase price limits apply.

Forgivable loan for down payment and closing costs

Key Details

  • Forgivable loan up to $25,000 for down payment
  • First-time homebuyers in Salem city limits
  • Income at or below 120% AMI
  • Loan forgiven after 10 years of occupancy
  • Currently waitlisted

How to Apply

Visit Official Program Page Track this program

(503) 588-6178

Deadline: Waitlist currently full; check for reopening

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