Down Payment Loan Program

The HOME St. Charles program is an effort by the County to provide zero-interest down payment loans to income-eligible homebuyers living within the
St. Charles Urban County, Cottleville, Dardenne Prairie, Lake St. Louis, St. Paul, St. Peters, Weldon Spring, Wentzville, or unincorporated St. Charles County

How It Works
Under this initiative, the County will purchase subordinated second mortgage loans which finance, in conjunction with the origination of the primary loans by the mortgage lender, the down payment and eligible closing costs associated with acquiring qualified owner-occupied residences.  

The second mortgage loans are at 0% interest, due upon sale or transfer of title and will be originated and sold to the county by approved not-for-profit housing counseling agencies.

The County will provide each housing counseling agency with a program manual that will provide detailed program procedures, and will coordinate a training and review session with participating agencies.

Housing Counseling Required
For a loan amount up to $5,000, housing counseling is required. Participating lender / counseling agencies include:
  • Better Family Life
    5535 Delmar
    Suite 2100
    St. Louis, MO 63112
    Ph: 314-367-1843
  • Beyond Housing / NHS
    4165 Manchester
    St. Louis, MO 63110
    Ph: 314-533-0600
  • Northeast Community
    Action Committee
    3400 Meadow Pointe Drive
    O'Fallon, MO 63366
    Ph: 800-748-7636
  • Community Action Agency of St. Louis County
    2709 Woodson Rd.
    St. Louis, MO 63114
    Ph: 314-863-0015