First-Time Homebuyer Program – Downpayment Assistance
The Greenfield Redevelopment Agency’s First Time Homebuyer Program provides a low interest deferred-payment loan of up to $25,000 to assist in the purchase of a first home and provides a grant of up to 1% of the purchase price to pay all or part of mortgage loan closing costs and fees. The program is available to eligible low income households and individuals who currently live or work in Greenfield. The household must have sufficient income, assets, and credit-worthiness to make a small downpayment (usually 3% of the sales price), obtain mortgage financing, and pay the balance of closing costs. The home must be located within Greenfield Redevelopment Area, be owner occupied or vacant, suitable.
To View the City of Greenfield’s website, please CLICK HERE
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