Downpayment Assistance

Meramec Regional Planning Commission is offering down payment and closing cost assistance, up to $4,000 for homes in the City of Cuba, Missouri to first-time, income-eligible homebuyers who are credit-worthy and can secure financing.

The house shown here has an asking price of $63,000 which is about a $475 monthly payment – cheaper than rent!

Based on the county you live in and the number of people in your home, your total household income must be at or below the guidelines on their website.

Since this program is geared toward first time buyers, don’t forget about the $8,000 tax credit available from the federal government as well!

Go to their website for more information

You will be taken to the home page, click the “Programs” menu, then scroll down to the “Homeownership Programs”

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1. Downpayment Assistance
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3. First Time Home Buyer Assistance
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5. Down Payment Assistance in Alabama

Tags: down payment, Missouri

This entry was posted on Monday, July 6th, 2009 at 6:16 pm and is filed under Home Grants. If you are looking for similar grants in this state, click the category name here. That will give you a list of grant announcements in that category in the state.