Am I eligible?

• Disclaimers for the $5,000 homebuyer down payment include the following:

• Applicants must be first time buyers of a home in Stillwater

• Home must be located within city limits

• Home must be owner-occupied

• You must complete an application with the city of Stillwater, prior to making an offer on the home

• The home needs to be priced at $250,000 or less

• Paid out through a 7 year forgivable loan, secured by a second mortgage

• There are a limited amount of grants awarded

• Homebuyers must attend the city's homebuyer education course

• Property purchased must pass a minimum housing quality standard's inspection using Section 8 criteria