Housing
City of St. Louis
Agency/Program:
Catholic Commission on Housing (CCH)
First Time Homebuyer Program
Description:
First-time homebuyer program for low-moderate income families that provides comprehensive homebuyer education, credit and financial analysis, housing counseling, advocacy for purchasers, downpayment/closing cost assistance (to those who meet the requirements), and post-purchase follow-up. The program takes a minimum of 4-6 weeks to complete -- longer if credit issues need to be addressed.
Limitations:
Homebuyers must meet established HUD income guidelines (80% of Median Income) to qualify for financial assistance. Must be able to qualify for low interest mortgage loan from bank or mortgage company. Sales price of house and monthly mortgage payment must fit within ability to afford, as determined by extensive budget analysis by CCH.
| Address: 800 North Tucker Blvd. St. Louis, MO 63101 |
Phone: (314) 241-5600 Ext: 4 Fax: (314) 241-5608 |
Loan Type:
Forgivable over 5 years
Maximum Income Guideline: 80% of Area Median Income
Loan Can Be Used For:
Downpayments Closing Costs
Counseling is available
Homebuyer Counseling is required component of program, and is also available to those who do not qualify for financial assistance.
| Household Size | Maximum Income for this Program |
|---|---|
| 1 | $36,900.00 |
| 2 | $42,200.00 |
| 3 | $47,450.00 |
| 4 | $52,700.00 |
| 5 | $56,950.00 |
| 6 | $61,150.00 |
| 7 | $65,350.00 |
| 8 | $69,600.00 |
Official Web Site of the City of St. Louis