Did you know that St. Louis is one of the greatest areas in the United States for receiving free downpayment and closing cost assistance? Numerous municipalities and counties in the area offer what most call the HOME Program.
For Example both St. Charles and St. Louis Counties offer $10,000 of downpayment assistance to first time homebuyers.
Obviously, there are some criteria but they are suprisingly easy to meet.
We've posted a new page :
Which lists what's available for each County and City in the St. Louis metro area.
The State of Missouri also offers at various times throughout the year, the MHDC or Missouri Housing Development Commission program. This offers additional downpayment assistance for first time homebuyers of up to 3% of the purchase price of a home. This means it's possible to purchase a home utilizing MHDC and an FHA loan with no money down.
We've even posted some information on that page about a progarm that allows you to save for a downpayment slowly and have that savings matched for free. In some cases they will match it even 2 to 1, meaning that for every $1 you save, you'll get $3 in return!
Call us today to get more information (636) 946-7273
Even more information can be found:
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