St. Louis to restart financial assistance program for 1st-time homebuyers

St. Louis is restarting a first-time homebuyer assistance program with $1 million in funding, offering up to $50,000 as a no-interest, forgivable loan. Buyers can have up to 10 years without monthly payments. Eligibility requires living in the purchased home, no homeownership in the past three years, income below 80% of the area median, completing a homebuyer education course, and using an approved lender.