Debbie Smith joins Doug in studio today to talk about the available assistance programs to help with your down payment. Listen in today at 4pm to see if you qualify!
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.
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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.
STEPS:
- Complete Homebuyers Training (classroom or on-line).
- Contact your Lender and Realtor to forward file items.
- Work with the Lending Department to receive approval letter, processing of your file and closing on your new HOME!
1st Home Program Requirements:
- Must complete homebuyer education and one-on-one counseling with “Homeownership Ready” status.
- Must have at least $1,000.00 within the transaction
- Household income must not exceed 80% median income.
- 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
- 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.
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North East Community Action Corporation
Established in 1965, North East Community Action Corporation (NECAC) has been managing and delivering an abundance of social service, community health and public housing programs to the low-income, elderly, youth, handicapped and disadvantaged through contracts and grants with federal, state and local governments, other not-for-profit agencies and private businesses.
Their Mission is to assist the disadvantaged within our service area in their efforts to rise above poverty by providing needed services to enable each individual to function at his or her own improved financial, physical, mental and social level.
Their Mission Statement: “Empowering People, Changing Lives, and Building Communities.”
Their promise is changing people’s lives, embodying the spirit of hope, improving communities and making America a better place to live. We care about the entire community, and we are dedicated to helping people, help themselves and each other.
Contact Information:
NECAC
Debbie Smith
22 North Court St.
Bowling Green, MO 63334
Phone: (573)324-6622
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