Are you a first-time homebuyer in Missouri? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Show-Me State. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable. Navigate the dynamic real estate market of Missouri with confidence and uncover the unique opportunities that await you.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
First Place Homebuyer Program Cash Assistance Loan (CAL) | Up to 4% of total loan amount that can be used for down payment assistance and closing costs | First time homebuyers that can meet income requirements | Forgivable second mortgage |
Mortgage Credit Certificate (MCC) | Reduces up to $2,000 in mortgage interest that you pay into federal taxes for the life of your loan | First time homebuyers that can meet income requirements | Tax credit |
Next Step Cash Assistance Loan | Up to 4% of total loan amount that can be used for down payment assistance and closing costs | Any homebuyer that can meet the income requirements | Forgivable second mortgage |
Regional Programs
County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Jefferson | Down Payment and Closing Cost Loan Assistance Program | Up to $5,000 in down payment assistance | First time homebuyers | Forgiveable second mortgage with a 0% interest rate |
St Charles | Down Payment Loan Program (HOME) | Up to $10,000 in down payment assistance | Any homebuyer that can meet the income requirements | Forgivable second mortgage with 0% interest |
St Charles | Down Payment and Closing Cost Loan Assistance Program | Up to $10,000 in down payment assistance | Any homebuyer that can meet the income requirements | Forgiveable second mortgage with a 0% interest rate |
St. Louis | Down Payment and Closing Cost Loan Assistance Program | Up to $3,000 in down payment assistance | First time homebuyers that can meet income requirements | Forgiveable second mortgage with a 0% interest rate |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Columbia | Homeownership Assistance Program | Up to $10,000 in down payment assistance and closing costs | First time homebuyers buying within the city limits of Columbia and can meet income requirements | Forgiveable second mortgage with a 0% interest rate |
Florrisant | Down Payment and Closing Cost Loan Assistance Program | Up to $3,500 in down payment assistance | First time homebuyers that can meet income requirements | Forgiveable second mortgage with a 0% interest rate |
Florrisant | Homeownership Assistance Program | Up to $6,000 in down payment assistance | Any homebuyer buying within the city limits of Florrisant | Forgiveable second mortgage with a 0% interest rate |
O'Fallen | Down Payment and Closing Cost Loan Assistance Program | Up to $10,000 in down payment assistance | First time homebuyers that can meet income requirements | Forgiveable second mortgage with a 0% interest rate |
Springfield | Down Payment Assistance | Up to $5,000 in down payment assistance and closing costs | First time homebuyers that can meet the income requirements | Forgiveable second mortgage with a 0% interest rate |
St Charles | Down Payment and Closing Cost Loan Assistance Program | Up to $10,000 in down payment assistance | First time homebuyers that can meet income requirements | Forgiveable second mortgage with a 0% interest rate |
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