$82k Down Payment Grant for Gresham, OR

$82k Down Payment Grant for Gresham, OR

Available

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Do I qualify for this opportunity?

Grant recipients must be first-time homebuyers, meet income qualifications listed below and be currently living in the City of Gresham.

The home purchased must be located within the City of Gresham.

Must qualify for a minimum mortgage of $200,000 with a Proud Ground approved lender & have at least $4,000 of personal savings for earnest money & inspections.

If you receive a grant reservation, you will choose a realtor to work with and begin shopping for a home that meets all criteria.

Owner-occupancy, income limits, resale, and other restrictions apply.

Maximum household income limits at the time of purchase:

Family Size                                 1                     2                     3                       4                    5

Max Income:                       $39,920         $45,700        $51,400       $53,900        $61,700

Submit a COMPLETE application packet in one email to submit@proudground.org with “Gresham Grant” in the subject line by Wednesday, September 11th at 5:00 pm.

A complete application packet must include:
– Proud Ground Homebuying Opportunity Application – https://bit.ly/2rBwyqt
– 3 months’ worth of recent pay stubs for all income earners in the household
– Documentation that you have a minimum of $4,000 available for earnest money and home inspections
– Documentation that you are currently living within the city of Gresham.
Confirm this by entering your address here: http://maps.greshamoregon.gov/gview/
– A loan pre-qualification letter for a minimum of $200,000 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 Monday, September 16th by 5:00 pm, Proud Ground will notify the 2 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 and download a flyer, click here.

Questions? Please contact:

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

Preguntas? Por favor llame a:

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

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