Down Payment and Closing Cost Assistance Programs

Funds are released annually.  Funds are limited and are on first-come, first-serve basis.  Funds are reserved upon receipt of a fully executed sales contract.  Please forward your contract to spreston@beyondhousing.org.

Anyone interested in obtaining down-payment assistance must have completed the Home Buyer’s Training and one-on-one counseling session. Homebuyers Training can be completed on-line or in classroom.  Register

STEPS:

  • Complete Homebuyers Training (classroom or on-line).  Terms and Conditions Register
  • Complete one-on-one counseling session with “Homeownership Ready” status.  During your counseling session, let your counselor know you are interested in one of the Beyond Housing programs.  Please Note: Counselors cannot approve you for down payment and closing cost assistance.
  • Contact your Lender and Realtor to forward file items.  File Checklist
  • Work with the Lending Department to receive approval letter, processing of your file and closing on your new HOME!

1st Home Program Requirements:

  • Must be a first time homeownerDefinitions
  • Must complete homebuyer education and one-on-one counseling with “Homeownership Ready” status.  Register
  • Must have at least $1,000.00 within the transaction
  • Household income must not exceed 80% median income.  Definitions
  • Must have secured a fixed rate mortgage on the purchased home
  • Loan information: 0% interest 5 year forgivable loan $5,000.00 for Jefferson County and $3,500 for St. Louis City.
  • Loan information: 0% interest deferred loan $3,000 for St. Louis County,$5,000.00 for St Charles County ,$5,000.00 for The City of St Charles and $5,000.00 for The City O’Fallon.  St Charles County includes Cottleville, Dardenne Prairie, Lake St. Louis, St Paul, St Peters, Weldon Spring, Wentzville and all of unincorporated St Charles County.
  • Complete file items as needed.  File Checklist

Program Information Booklet

Neighborhood Stabilization Program  Overview and Requirements:

  • Must be purchasing an NSP Certified HomeDefinitions
  • Must complete homebuyer education.  Register
  • Must complete one-on-one counseling session
  • Must have at least $1,000.00 within the transaction
  • Household income must not exceed 120% median income.  Definitions
  • The house being purchased cannot be located in the 100‐year flood plain
  • Must have secured a fixed rate mortgage on the purchased home.
  • Loan information -0% interest 5 year forgivable loan, over $14,999.00 0% interest 10 year forgivable loan
  • Can be combined with 1st HOME $3,000 down payment assistance program
  • Complete file items as needed.  File Checklist