Down Payment Assistance

Down payment assistance can be used in conjunction with a Conventional, FHA, VA, or USDA loans and typically offer gifts or grants to aid in down payment or closing costs. Many first-time homebuyer loans can also be combined with additional programs that include a Government grant, a gift from a family member, or Community Non-Profit Down Payment Assistance.

Down Payment Assistance Highlights:

  • Down Payment of 0% to 5% of the purchase price for primary residences only.
  • Missouri’s MHDC program allows for a forgivable 4% grant to be used toward down payment and closings costs.
  • Illinois’ IHDA program allows for the same type of grant at 4% forgivable 5% deferred or 10% Repayable or 1st Home Illinois (certain counties $7,500).
  • There are also a variety of community Down Payment Assistance programs that could serve as a substitute or potentially combined with Missouri’s MHDC and Illinois’ IHDA programs.
  • Down Payment Assistance Loans are backed by Fannie Mae or Freddie Mac, FHA (Federal Housing Authority), VA (Veterans Administration), or USDA (rural development).

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First Integrity Mortgage Services is located in St. Louis, Missouri. We are a premier provider of Mortgages and Home Loans in Missouri, Illinois, Kansas, California, and Arkansas, Georgia and Tennessee. We work on behalf of our customers to help them qualify for the home loan they deserve!

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