DPA Programs in Missouri

See which program is right for you!

Down Payment Assistance products offered in Missouri include: CHENOA Fund Program and the “Within Reach” Program. To see which program may be right for you, get started on your application today!

Available Programs

CHENOA Fund Program

The CHENOA Fund Program is available in Missouri.

Availability: Nationwide

  • Down payment assistance up to 3.5% of the purchase price or appraised value
  • 30-year fixed term with full amortization
  • FHA and Conventional
  • Homebuyer education course NOT required
  • Credit and income restrictions may apply

Beyond Housing

The Missouri Housing Beyond Housing Program is available in Missouri.

Availability: Missouri

  • 30-year fixed term with full amortization on the first mortgage
  • FHA, VA, and Conventional loan types available
  • Homebuyer education course IS required
  • Credit, income and property restrictions apply
  • Assistance from this deferred repayable 2nd lien, depending on the city or county, can range from $3,000 to $10,000

Missouri Housing Development Commission (MHDC) First Place Loan Program

The MHDC First Place Loan Program is available to first time homebuyers only.

Availability: Missouri

  • Down payment assistance up to 4% of the loan amount is given in the form of a forgivable 2nd loan with a 10-year term
  • First mortgage can be a 30 year fixed Conventional, FHA, USDA, or VA loan
  • No homebuyer education is required for this loan program
  • Credit and income restrictions may apply

Missouri Housing Development Commission (MHDC) Next Step Loan Program

The MHDC Next Step Loan Program is not limited to first time homebuyers.

Availability: Missouri

  • Down payment assistance up to 4% of the loan is available. The amount is given in the form of a forgivable 2nd loan with a 10-year term
  • First mortgage can be a 30 year fixed Conventional, FHA, USDA, or VA loan
  • No homebuyer education is required for this loan program
  • Credit and income restrictions may apply

Within Reach Program

The Within Reach Program is a second, forgivable mortgage and is available in Missouri.

Availability: Nationwide

  • Down payment assistance up to 6% of the note amount
  • 30-year fixed term with full amortization on the first mortgage
  • FHA loan types only
  • Homebuyer education course is required
  • Credit and income restrictions may apply

Some program restrictions and requirements apply. The type of DPA and lien position will vary for each loan program. Please contact your On Q Financial, Inc. Mortgage Consultant for more information. Loan down payment example is based on a 30 year fixed conventional mortgage loan with 4.0% down (provided through the Down Payment Assistance program). Amounts are based on loan amount of $200,000, interest rate of 4.185%, APR of 5.132%, $6,023 due from borrower at closing ($8,000 down payment paid through down payment assistance program). Approximate monthly payment of $1,465. All amounts shown are estimates provided for educational and comparison purposes only and will vary for each loan. Borrower will be responsible for down payment beyond what is provided by the program as well as any fees and costs associated with the loan. Down payment assistance may come in the form of a forgivable or non-forgivable lien. Income and geographic restrictions apply. Homebuyer education may be required for certain payment assistance programs. Program availability is subject to change without notice. Additional restrictions may apply. Loan amounts and fees will vary based on program used. Loan Amounts on FHA Scenario’s include an FHA 1.75% upfront fee. Loan Amounts on VA scenario’s include a 2.3% VA Funding Fee (Based on Regular Military 1st time usage)-No down payment required unless sales price exceeds appraised value. A USDA Guarantee fee will be charged and financed into the loan. The USDA Guarantee Fee is 1% of the loan amount and the USDA Annual Fee is 0.35% as of 06/01/2018. The USDA Annual Fee is to be paid monthly as part of the mortgage payment. On Q Financial, Inc. is an Equal Housing Lender. OnQ0403180681Y000003h3Vk