Missouri Grants There are many grants available in this State to assist a home buyer purchase a home. By using these grants it makes it possible to purchase a home with little or no money down.  Below is a list of some of the grants available, as well as contact information for each. Some are State sponsored grants. Some are sponsored on the county or municipality level.  Understand that many of these grants have limited funding, and most have income restrictions, so it is important to work with your mortgage lender and the non profit administering the grant program to ensure availability of funds.  State Sponsored Bank Sponsored Matching Funds Programs Community/local Sponsored Grants Seller Funded Down Payment Assistance Programs State Sponsored  The State of Missouri offers a second mortgage of up to $3% of your mortgage amount, to be used for down payment and closing costs. It must be repaid at the sale of the home. They also have work with the Departmant of Agriculture’s Rural Housing Program for additional grants for homes in rural areas. Below is a link to the State’s web site:  http://www.mhdc.com/homes/down_payment_assistance/index.htm  Bank Sponsored Matching Funds Programs  Banks that are members of the Federal Home Loan Banking system also offer IDA savings accounts. Visit the Regional Federal Home Loan Bank web site for more information. Community/local Sponsored Grants Columbia Enterprise Development Corporation (EDC) Home Ownership Assistance Program (HOP)  (573) 874-7239  Columbia Home Investment Partnership Program (HIPP)  (573) 874-7239  Columbia Home Investment Partnership Program (HIPP) Additional Assistance Loan  (573) 874-7239  Springfield West Central Neighborhood Alliance Down payment/Closing Cost Assistance Program  (417) 865-8842  St. Louis (City & County) St. Louis Reinvestment Corporation Closing Cost Grant Assistance (CCGA)  (314) 588-9334  St. Louis (City and County) St Charles County Catholic Commission on Housing First Time Homebuyer Program (FTHP)  (314) 371-0144  St. Louis County 1st Home Down payment and Closing Cost Loan Program (CCLP)  (314) 615-4405  St. Louis Grant Down Payment Assistance Program (DPA)  (314) 533-0600  St. Louis Homebuyers Assistance Program (HAP)  (314) 622-3400  St. Peters Home Ownership Program (HOP)  (636) 477-6600  St. Louis International Institute Saint Louis IDA Home Purchase (IDA)  (314) 773-9090 Seller Funded Down Payment Assistance Programs There are several non profit organizations that allow a seller to “donate” funds to them at closing, which is then given to the buyer as a down payment assistance grant. Presently, the federal government is reviewing these programs to determine whether this practice is an acceptable lending practice. By using one of these programs it is possible to purchase a home with little or no money. The seller needs to be a motivated seller, and the home needs to be priced correctly. Usually the sales price is inflated to cover the “donation”. The home must be able to appraise at the inflated price. These programs are initiated by the lender, so it is important to work with a local lender before you start looking for a home. The lender will also know how present legislation is affecting the program. The two most commonly used programs are The American Dream DAP and The Nehemiah DAP. Below are links to their web site. American Dream:  http://www.americandreamdownpaymentassistance.com/dpa_app.cfm Nehemiah Corp:    http://www.nehemiahcorp.org/