Salem First-Time Homebuyer Down Payment Assistance

City of Salem Community Development (HOME)

Waitlist Down Payment

About This Program

Salem First-Time Homebuyer Down Payment Assistance is available in Salem, OR.

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

Data last verified 2026-05-25. How we verify our data.

In Salem, OR, you can combine this program with other local help to cut your cost:

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

A grant-savvy contractor in Salem, OR can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Waitlist currently full; check for reopening

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can Salem First-Time Homebuyer Down Payment Assistance provide in Salem, OR?

Forgivable loan up to $25,000.

How do I apply for Salem First-Time Homebuyer Down Payment Assistance in Salem, OR?

Apply directly with City of Salem Community Development (HOME) using the official program link on this page or call (503) 588-6178. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Salem, OR

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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