Buying a home in Missouri
According to Zillow, the typical home value in Missouri is lower than the typical value of $272,446 across the US. The typical home value in Missouri is $183,031, and home values have increased 9.8% over the past year.
Missouri first-time homebuyer programs
Down payment assistance: The Community Action Agency of St. Louis County gives down payment assistance loans of $3,000 to $5,000, depending on where you live.
Cash Assistance Loan: You may receive up to 4% of your mortgage amount toward a down payment from the Missouri Housing Development Commission. The government will forgive your loan if you stay in the home for 10 years, with decreasing payments starting after five years.