In an effort to help residents achieve their dreams of homeownership, the City of Blue Springs and mortgage lenders of the area created the First Time Homebuyer (FTHB) Program. 

FHA Rates Near 50 Year Low!

Now is the time to drop the interest rate on your 30-year mortgage or refinance into a 15-year home loan.

FHA Rates for
Are You Watching Your Credit Score?

NOTICE: Some FHA mortgage lenders are substantially raising FICO score requirements during the Coronavirus crisis, even though FHA minimums remain unchanged.


- Improving Your Credit Score Has Never Been More Important -

Get started one
Get started two
Get started three
Get started four
FHA.com is a privately owned website, is not a government agency, and does not make loans.

Choose a Loan Type

FHA.com is a privately owned website, is not a government agency, and does not make loans.

First Time Homebuyer Program

Financial Assistance for Homebuyers in Missouri

In an effort to help residents achieve their dreams of homeownership, the City of Blue Springs and mortgage lenders of the area created the First Time Homebuyer (FTHB) Program

Available Assistance
The City of Blue Springs provides funds for qualified individuals for down payment and closing cost assistance. The Down Payment Assistance is 50% of any down payment up to $3,000 toward the purchase price of a home; and/or with the Closing Cost Assistance, the City will fund reasonable closing costs normally associated with the purchase of home. The total assistance amount is not to exceed $3,000.

Eligibility Requirements
This program is open to first-time homebuyers (those who have not owned a home in the previous three years), single parents, and displaced homemakers. Their annual household income must fall at or under 80% of the area median income.

Income Limits
All applicants must have an annual household income at or under 80 percent of the area median income.
1-person household: $48,200
2-person household: $55,050
3-person household: $61,950
4-person household: $68,800
5-person household: $74,350
6-person household: $79,850
7-person household: $85,350
8-person household: $90,850

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but  state and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits.

(Note: All figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.)

spacer

Down payment 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.

Down Payment Grants in Missouri

Missouri's Homeownership Assistance Program helps eligible applicants buy a safe, affordable home, with down payment and/or closing cost assistance

In an effort to help individuals achieve their dreams of homeownership, the Missouri Housing Development Commission introduced the First Place Loan Program, which offers first-time homebuyers down payment and closing costs assistance.

In an effort to help residents achieve their dreams of homeownership, the City of Blue Springs and mortgage lenders of the area created the First Time Homebuyer (FTHB) Program. 

‚ÄčThe Missouri Housing Development Commission offers eligible applicants assistance funds with the Cash Assistance Loan to help cover the cost of the down payment and other closing costs. This is to help qualifying borrowers achieve their dream of homeownership and gain access to safe and affordable housing. 

One of the major obstacles on the path to homeownership is the down payment. In an effort to help individuals overcome this obstacle, the Missouri Housing Development Commission introduced the Next Step Program.

SEE YOUR CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


spacer
X Open Me

I am opened!

This is where the content goes