City of Florissant Down Payment Assistance Program

What is City of Florissant Down Payment Assistance Program?

City of Florissant Down Payment Assistance Program is a forgivable loan for homebuyers in Florissant, Missouri, administered by City of Florissant.

• The City of Florissant offers income-eligible first-time homebuyers an interest-free forgivable loan of $3,500 toward the down payment and closing costs on a home purchased within Florissant city limits. If the homeowner remains in the home for five years, the loan is fully forgiven.
• $3,500 toward down payment and closing costs.
• Interest-free.
• Forgiven after 5 years of residency.
• This is a federal program, so it is available beyond a single state or city.
• Funding comes from HUD Community Development Block Grant (CDBG) / federal housing funds.

How much assistance does it provide?

City of Florissant Down Payment Assistance Program offers up to $3,500 in assistance.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — City of Florissant determines any individual award.

Do you have to pay it back?

City of Florissant Down Payment Assistance Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Interest-free forgivable loan; forgiven if the homeowner lives in the home for five years.
• The assistance is recorded in second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Florissant Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of Florissant Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

• Income-eligible (low-to-moderate income); specific household income limits not published on the program page - confirm with the City.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Florissant Down Payment Assistance Program can be used for Single Family.

Where does it apply?

City of Florissant Down Payment Assistance Program is a federal program, so it is not limited to Missouri.

How do you apply?

Applications for City of Florissant Down Payment Assistance Program go through City of Florissant, which publishes the current terms and the application steps on its own site.

1. 1

   Contact City of Florissant to reserve funds

   Funds are reserved with the provider and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.