• Hours: Monday - Friday: 8:00 a.m.-5:00 p.m.
  • Phone : 314-631-9905
  • Address : 729 Lemay Ferry Road, St. Louis, MO 63125

Step 3: Down Payment Assistance

Program Overview

Homebuyer Services is a program of The Housing Partnership, Inc. (THP) that is designed to prepare homebuyers across the St. Louis region so they can have the knowledge, skills, and connections to become educated and responsible homeowners in long-term affordable housing.

The Homebuyer Services program covers three main areas:
1. Education on the homebuying process that is achieved through homebuyer orientations and an online homebuyer education course
2. One-on-one counseling sessions to help households achieve their goals
3. Down payment & closing cost assistance for eligible homebuyers purchasing in select jurisdictions

Funds for the Down Payment Assistance Program are provided by the St. Louis County Office of Community Development and the Community Development Administration of  the City of St. Louis.

Step 3: Down Payment Assistance

Down Payment Assistance is the last step in the process towards homeownership. Once you complete all the items in Step 1 and Step 2, let us determine if you are eligible for down payment and closing cost assistance.

Have you filled out an intake packet yet? Visit Step 1: Education for more information.

The Steps to Homeownership

17. Enroll in a FREE Homebuyer Orientation
18. Submit intake packet with supporting documentation so we can determine eligibility for down payment/closing cost assistance
19. Complete online homebuyer education class. Fee is $115.
20. Attend one-on-one counseling sessions. Fee is $75.00
21. Work with a mortgage lender to receive loan approval
22. Work with a real estate agent to find the right home for you
23. Comply with all program requirements, building inspections, and permits
24. Attend closing. You are now a homeowner!

 

Down Payment & Closing Cost Assistance

Down payment assistance is provided as a 0% interest, $0 payment loan that is forgivable after 5 years of living at the home as your primary residence. Funds are first come, first served. Homebuyers must have at least $1,000 of their own funds vested into the transaction. Please check with us to make sure funding is available.

New!  You do not need to be a first-time homebuyer for down payment assistance in the City of Florissant.

Down payment assistance in the City of St. Louis is totally or partially funded  through the Community Development Administration (CDA) and the Department of Housing and Urban Development (HUD).

Assistance For Eligible Homebuyers

CountyAmount
St. Louis City$10,000
St. Louis County$6,000
City of Florissant$7,000
Jefferson County$5,000
St. Charles County$10,000
City of O'Fallon $10,000

Not only do the homebuyers have to qualify, but the property has to qualify as well.

 

2023 Income Limits for St. Louis City, St. Louis County, Jefferson County and St. Charles County Down Payment Assistance Program

Family Size 1 2 345678
Income56,25064,30072,35080,35086,80093,25099,650106,100

2023 City income guideline effective 6-15-2023

[table “17” not found /]

 

2023 Maximum Purchase Price Limits

2023 price purchase limits effective 7-1-2023

Single Family Existing Home Purchase Price LimitsNew Construction Purchase Price Limits
St. Louis CityNo Price LimitNo Price Limit
St. Louis County200,000$275,000
Jefferson County$196,000$275,000
St. Charles County$242,000$320,000
City of O'Fallon$242,000$320,000