1st HOME - Downpayment Loan

St. Louis County



The St. Louis County 1st HOME Downpayment Loan is an effort by the County to provide zero-interest down payment loans to income-eligible first time homebuyers in St. Louis County. Under this initiative, the County will purchase subordinated second mortgage loans which finance, in conjunction with the origination of the primary loans by the Mortgage Lender, the down payment and eligible closing costs associated with acquiring qualified owner-occupied residences.



The Second Mortgage Loans are at zero percent interest, due upon sale and will be originated and sold to the County by approved not-for-profit housing counseling agencies. The County will provide each housing counseling agency with a program manual that will provide detailed Program Procedures, and will coordinate a training and review session with participating agencies.



For additional questions please contact Amy Ellis @ (314) 615-4592.



HOUSING COUNSELING REQUIRED



Loan Amount

$3,000.00





Income Limits

FY 2016 Income Limit Category

1 Person

2 Person

3 Person

4 Person

5 Person

6 Person

7 Person

8 Person

Low (80%) Income Limits

$39,400

$45,000

$50,650

$56,250

$60,750

$65,250

$69,750

$74,250

Participating Lenders

Better Family Life
5415 Page
St. Louis, MO 63112
(314) 367-1843 
Beyond Housing/NHS
4156 Manchester
St. Louis, MO 63110
(314) 533-0600
Northeast Community Action Corporation
3400 Meadow Pointe Dr
O'Fallon, MO 63366
(800) 748-7636 

Lemay Housing Partnership
336 E. Ripa Avenue 
St. Louis, MO 63125
(314) 631-9905

Associated Links

U.S. Dept. of Housing & Urban Development

Part 5 Income Calculator
(for use with Homebuyer Checklist)



Manual and Lender's Forms
 
  • Manual pdf
  • Borrower's Intake pdf
  • Borrower's Note doc
  • Closing Certification  pdf | doc
  • Deed of Trust  doc
  • Homebuyer Checklist pdf 
  • Homebuyer Form pdf | doc
  • Inspection Procedures  pdf | doc
  • Recapture Policy pdf | doc
  • Request for Notice of Sale Under Deed of Trust (Mortgage) pdf | doc
  • Subordination Policy pdf 
  • Subordination Worksheet  doc        

URA Property Owner Statement

URA Property Rep Statement

It is the policy of St. Louis County to provide services without regard to race, color, religion, national origin, ancestry, age, sex, familial status, physical handicap or disability.

Contact Information
Office of Community Development
41 S. Central, 5th Floor
Clayton, MO 63105
Phone: (314) 615-8232
Fax: (314) 615-8674
TTY: (314) 615-5889