$60,000 – $75,000 Down Payment Grant for SE Portland/Lents*

$60,000 – $75,000 Down Payment Grant for SE Portland/Lents*

Pending

Do I qualify for this opportunity?

  • Grant recipients must be first-time homebuyers and meet income
    qualifications listed below.
  • Must qualify for a minimum mortgage of $250,000 with a Proud Ground
    approved lender & have at least $4,000 of personal savings for earnest
    money & inspections.
  • Grant funds will help you purchase a home within the Lents Urban Renewal
    Area in SE Portland. Visit this link for area map: https://bit.ly/2oOhTs7
  • If you receive a grant reservation, you will choose a realtor to work with
    and begin shopping for a home that meets all required criteria.
  • Owner-occupancy, income limits, resale, and other restrictions apply.

Maximum household income limits at the time of purchase

Family Size : Maximum income

1 : $61,530

2 : $70,320

3 : $79,110

4 : $87,900

5 : $94,932

6 : $101,964

*Final grant amount will be determined based on household income.

Interested in this opportunity?

Submit a COMPLETE application packet in one email to submit@proudground.org with “SE Portland Grant” in the subject line by Monday, November 4th at 5:00 pm.

A complete application packet must include:
– Proud Ground Homebuying Opportunity Application – https://bit.ly/2rBwyqt
– 3 months’ worth of recent paystubs for all income earners in the household
– Documentation that you have a minimum of $4,000 available for earnest money
and home inspections
– A loan pre-qualification letter for a minimum of $250,000 from a Proud
Ground approved lender
– A closing cost estimate from your lender showing your estimated monthly
payments.

***Please note, it can take up to 2 weeks to obtain loan pre-qualification documents***

On Wednesday, November 6th by 5:00 pm, Proud Ground will notify the 5 top income-qualified, pre-qualified home buyers. The buyers will have three business days to choose a realtor & complete the grant reservation process. Priority will be given to families with children & households of three or more based on their date of application with Proud Ground.

To view or download a flyer with all of this information on it, please click here.

Questions? Please contact:

Ryan Parker 503-493-0293 x18 or ryan@proudground.org

Preguntas? Por favor llame a:

Yesika Arévalo 503-493-0293 x10 o yesika@proudground.org

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