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Get Matched Free →O'Fallon Down Payment Assistance Program
How much assistance
Up to $10,000 as a zero-interest forgivable second-mortgage loan for down payment and/or closing cost assistance. (Forgivable Loan)
Zero-interest second mortgage, forgivable after 5 years of owner-occupancy. Balance forgiven at the end of the 5-year term if the home remains the buyer's primary residence.
Eligibility
- Income limits: At or below 80% of Area Median Income (HUD income limits for the St. Louis MSA). Exact dollar limits by household size are updated annually — confirm current limits with Beyond Housing before applying.
- First-time buyer required: Yes — First-time homebuyer, defined as not having owned a home in the past 3 years (with standard HUD exceptions for displaced homemakers and single parents).
- Geographic restrictions: Home must be located within the City of O'Fallon, Missouri city limits.
- Homebuyer education required: Yes
How to Apply for O'Fallon Down Payment Assistance Program
Step 1: Contact the City of O'Fallon Grants & Assistance office (Alexis Jaegers, 636-379-5411, ajaegers@ofallon.mo.us) to confirm funding availability. Complete Beyond Housing's Homebuyer Education course and participate in their Housing Counseling Program at least 10 days prior to closing. Work with an approved lender to structure the $10,000 assistance as a forgivable second mortgage alongside your first mortgage.
Notes
Program funding is allocated annually and can run out before year end. Verify current availability with the City of O'Fallon and Beyond Housing before making an offer.