St. Charles County 1st HOME - Downpayment Loan Program

The HOME St. Charles program is an effort by the County to provide zero-interest down payment loans to income-eligible homebuyers in unincorporated St. Charles 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 or transfer of title 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.

HOUSING COUNSELING REQUIRED

Loan Amount

Participating Lender/Counseling Agencies

Associated Links U.S. Dept. of Housing & Urban Development Part 5 Income Calculator (for use with Homebuyer Checklist) Manual pdf | text Lender's Forms Borrower's Intake pdf | text Borrower's Note pdf | text Deed of Trust pdf | text Homebuyer Checklist pdf | text Homebuyer Form pdf | text Income Limits pdf | text Inspection Procedures pdf | text Program Summary pdf | text Recapture Policy pdf | text Request for Notice of Sale Under Deed of Trust (Mortgage) pdf | text Reservation Form pdf | text Contact Information Office Directory Office of Community Development 121 S. Meramec, Ste. 444 Clayton, MO 63105 Phone: (314) 615-4405 Fax: (314) 615-8674 TTY: (314) 615-5467