First Time Home Buyer

First Time homebuyer programs are loan programs that allow for smaller down payments than traditional loans and often offer gifts or grants to aid in down payment or closing costs. Many of the first time homebuyer loans can also be combined with additional programs that include Government grant, a gift from a family member, or Community Non-Profit Down Payment Assistance loan.

  • Down Payment of 0% to 5% of the purchase price
  • These loans are for Primary Residences only.
  • Missouri’s MHDC program allows for a forgivable 4.5% grant to be used toward down payment and closings costs.
  • Illinois’ IHDA program allows for the same type of grant at either $5,000 (0% Interest loan) or $7,5000 (grant).
  • There are also a variety of community Down Payment Assistance programs that could serve as a substitute or potentially combined with Missouri’s MHDC and Illinois’ IHDA programs.
  • There are no pre-payment penalties with any of the aforementioned loan programs.

These loans are backed by Fannie Mae or Freddie Mac, FHA (Federal Housing Authority), VA (Veterans Administration), or USDA (rural development).

First Integrity Mortgage Services is a local mortgage banker with offices in St. Louis, MO and Edwardsville, IL to serve our clients anywhere in the St. Louis Metropolitan Area. Please let us provide you with the home loan options that best suit your current financial position.

First Integrity Mortgage Services is located in St. Louis, Missouri. We are a premier provider of Mortgages and Home Loans in Missouri (MO) and Illinois (IL). We work on behalf of our customers to help them qualify for the home loan they deserve!


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