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City of O'Fallon Down Payment Assistance Program

City of O'Fallon, MO (Grants and Assistance) via the St. Louis County HOME Consortium · O'Fallon, Missouri

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See what you qualify forOfficial program site →
Assistance

$10,000

The maximum the program publishes — not an offer

Repayment

Forgivable

Forgiven once the program's conditions are met

What is City of O'Fallon Down Payment Assistance Program?

City of O'Fallon Down Payment Assistance Program is a forgivable loan for homebuyers in O'Fallon, Missouri, administered by City of O'Fallon, MO (Grants and Assistance) via the St. Louis County HOME Consortium.

  • The City of O'Fallon offers a Down Payment Assistance Program to assist low-to-moderate income first-time homebuyers purchasing a home in O'Fallon. The program provides a zero-interest forgivable loan toward the down payment. The program is funded through the St. Louis County HOME Consortium. Pre-purchase housing counseling is required for eligibility.
  • Zero-interest forgivable loan of $10,000 toward the down payment on a home purchase in O'Fallon.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from Federal HOME Investment Partnerships Program (HUD) funds via the St. Louis County HOME Consortium.

How much assistance does it provide?

City of O'Fallon Down Payment Assistance Program offers up to $10,000 in assistance.

  • Amounts are the program's published maximums, not an offer — City of O'Fallon, MO (Grants and Assistance) via the St. Louis County HOME Consortium determines any individual award.

Do you have to pay it back?

City of O'Fallon Down Payment Assistance Program is a forgivable loan, so the balance is forgiven once the program's conditions are met.

  • Repayment is triggered by Forgivable loan; repayment owed if conditions (e.g., owner-occupancy) not met during the forgiveness period.
  • 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 O'Fallon Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Must be a first-time, low-to-moderate income homebuyer. Pre-purchase housing counseling required. Total gross income of all household members over age 18 must not exceed HUD-set limits. Home must be in O'Fallon. Program administered in coordination with the St. Louis County HOME Consortium.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

City of O'Fallon Down Payment Assistance Program sets its income limit as follows: Total gross household income (members over 18) not to exceed: 1 person $57,800; 2 $66,050; 3 $74,300; 4 $82,550; 5 $89,200; 6 $95,800; 7 $102,400; 8 $109,000 (HUD-established).

  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Where does it apply?

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

  • The program gives priority to designated target areas, so the address matters as well as the county.

How do you apply?

Applications for City of O'Fallon Down Payment Assistance Program go through City of O'Fallon, MO (Grants and Assistance) via the St. Louis County HOME Consortium, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact City of O'Fallon, MO (Grants and Assistance) via the St. Louis County HOME Consortium to reserve funds

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

  3. 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.

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