CAASTLC Housing Assistance
Available Assistance
CAASTLC offers the Individual Development Account (IDA) program where all participating applicants successfully completing the program and saving their money have the opportunity to receive down payment assistance, to help offset the cost of buying a home. This assistance varies based on the county:
St. Louis County: zero-interest deferred loan - $3,000 due upon sale or transfer
City of Florissant: zero-interest 5-year forgivable loan up to $3,500.00
St. Charles City & County: zero-interest deferred loan - $5,000 due upon sale or transfer
City of O’Fallon: zero-interest deferred loan - $5,000 due upon sale or transfer
Eligibility Requirements
All applicants must complete homebuyer education and one-on-one counseling with “Homeownership Ready” status. They must have at least $1,000 saved in their own funds and their household income must not exceed 80% median income.
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.
First-Time Homebuyer Programs in Missouri
CAASTLC Housing Assistance
Missouri's Community Action Agency of St. Louis County Inc. offers Housing Assistance programs that help first-time homebuyers purchase a home.
City of Springfield Down Payment Assistance
Missouri's City of Springfield Down Payment Assistance Program helps first-time homebuyers with assistance funds to cover upfront mortgage costs.
Homeownership Assistance Program
The City of Columbia, Missouri's Homeownership Assistance Program was created to help income-eligible first-time homebuyers purchase their first home.
First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
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