The First Place Loan program gives first-time^* homebuyers and qualified veterans the edge they need to purchase a home.  Affordable, below market interest rates allow prospective buyers to obtain mortgage financing in a competitive market.

Individual buyers may also be eligible for an interest free, forgivable cash assistance second mortgage loan for 3% of the first mortgage loan amount.  The second loan will help with down payment and closing costs.

Qualifying is easy.  You must be income-eligible, have qualifying credit, and have not owned (or had principle interest in) a residence during the past three years.

Any FHA, VA, USDA/Rural Development or Fannie Mae MyCommunityMortgage®  30-year conventional mortgage may be used under the rules of the program.

This program is available for homes throughout the state of Missouri.  Additionally, we have committed to continually fund loans in federally-targeted areas that include specific census tracts in counties throughout the state.  Homebuyers do not have to be first-time buyers if they purchase in target areas.

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