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Get Matched Free →CommunityAmerica First-Time Homebuyer Loan
Funding status: Active
How much assistance
Up to 100% financing (0% down payment required) via a 10/6 Adjustable Rate Mortgage, plus $500 toward closing costs for completing a CommunityAmerica homebuying education session.
Not applicable — this is a first-mortgage loan product rather than a forgivable assistance loan. The $500 closing cost credit is applied at closing and does not need to be repaid.
Eligibility
- Income limits: Standard credit union underwriting applies. Contact CommunityAmerica for current income guidelines on the First-Time Homebuyer Loan.
- First-time buyer required: Yes — Borrower has not owned a primary residence in the past three years (standard first-time buyer definition — confirm with CommunityAmerica).
- Geographic restrictions: Property must be located in the Kansas City or St. Louis metropolitan area, which includes Gladstone, MO.
- Homebuyer education required: Yes
How to Apply for CommunityAmerica First-Time Homebuyer Loan
Become a CommunityAmerica member, attend a CommunityAmerica homebuying education session to qualify for the $500 closing cost credit, then apply for the First-Time Homebuyer Loan through their mortgage team at 800-892-7957. The loan offers 100% LTV with a fixed rate for the first 10 years and adjustments every 6 months thereafter.
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