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14 Jul Down Payment Assistance for Home Purchases in City of St Louis and Beyond

H.O.P.E Mortgage (Home Ownership Program and Education) is a product offered by Citizens National Bank to help potential home owners who may not qualify for a home loan because of limited or no credit history. The product assists first time home buyers who have low-to- moderate income, limited credit history, and limited funds to close. This does not mean that the potential home owner has no funds; There still has to be some out-of-pocket money from the home buyer.

Citizens National Bank of Greater St Louis has now dedicated $1,250,000 in available loan funds. Now, up to $30,000 for down payment and closing cost grant funds are specially earmarked for the City of Saint Louis. This is exciting news, as St Louis City has few down payment assistance programs. MHDC is the only other popular one. These earmarked funds bring Saint Louis City to the same level as Saint Louis County, Jefferson County, and Saint Charles County when it comes to assisting homebuyers. These programs change frequently. For current information, please call us at 314-802-0797

Citizens National Bank has selected Beyond Housing as the exclusive provider for the education component of the HOPE loan because of Beyond Housing’s leadership in home buyer education, counseling and down payment administration. Beyond Housing is nationally recognized for creating sustainable home ownership. Citizens National Bank of Greater St Louis is an independently owned, community bank with six locations. Citizens National Bank as been a part of St Louis since 1915.

There are program eligibility requirements and underwriting guidelines for the Citizens National Bank of Greater St Louis HOPE Loan, so contact us to get more information about this program. At Hermann London, we truly pride ourselves on our innovation, flexibility, and specialized boutique atmosphere, and these traits are incredibly useful in this scenario.

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