$60,000 Down-payment Grant for Lincoln City, OR

$60,000 Down-payment Grant for Lincoln City, OR

Available

Lincoln City_Flyer_2017

Do I qualify for this grant?

  • Grant recipients must be a first-time home buyer, meet income qualifications listed below and be living or working in Lincoln County.
  • Must qualify for a mortgage with a Proud Ground approved lender.
  • The home purchased must be located within Lincoln City.
  • Must qualify for a mortgage of a MINIMUM of $160,000-$184,000, and have at least $4,000 of personal money for earnest money  & inspections.
  • Grant funds will help you purchase a Lincoln City home priced up to $220,000.
  • Owner-occupancy, income limits, resale, and other restrictions apply.
  • INTERESTED? Your first step is to attend a FREE homebuyer information session; see the other side of this flier for details.

Maximum TOTAL household income limits at the time of purchase:

Family Size                                   1                          2                      3                      4                     5

Max Income for $60K       $30,100             $34,400         $38,700          $42,950         $46,400

Max Income for $36K       $37,600              $43,000         $48,400         $53,700         $58,000

Interested in this grant?

Here are your next steps:

  1. Attend a free Proud Ground Homebuyer Information Session.

Thursday, October 5th, 6:00—7:00 pm

Newport City Hall, Council Chambers—169 SW Coast Hwy, Newport OR 97365

 

Friday, October 6th, Noon—1:00 pm

Driftwood Library, Community Room, 801 SW HWY 101 #201, Lincoln City, OR

To register and  to obtain more information visit:

www.proudground.org/how-to-buy-a-home/homebuyer-information-sessions/

 

  1. Obtain a loan pre-qualification letter from one of the Proud Ground approved

mortgage-lenders listed below:

Jamie Fritzsche, NMLS #1030946

Evergreen Home Loans

(541)-418-5012

Jfritzsche@evergreenhomeloans.com

Izzy Ventura Meda, – Speaks Spanish, NMLS# 1254018

Umpqua Bank
(503) 484-1603
izzymeda@umpquabank.com

Ralph Austin , NMLS #720620
HomeStreet Bank
(503) 219- 0784
ralph.austin@homestreet.com

  1. Contact Proud Ground to schedule an application meeting. Contact Yesika to schedule: (503) 493-0293 x10; yesika@proudground.org
  2. Attend a homebuyer education class. Contact Willamette Neighborhood Housing Services 541-752-7220 or visit their website.
  3. Grants will be available on a first come, first served basis. To be eligible buyers must attend a Proud Ground information session, complete a Proud Ground application and obtain loan pre-qualification from an approved lender.

Interested in applying? Attend an information session to get started.

Price:$160,000 - $184,000
Address:TBD
City:Lincoln City
State:OR

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