First-Time Home Buyer Loans*
Many first-time homebuyers face challenges when buying, including:          

• How to get adequate income for qualifying purposes
• Adequate cash for down payment and closing costs.

First Integrity understands these challenges and addresses them with loan programs that are designed specifically to help first-time homebuyers…the Missouri Housing Development Corporation (MHDC) First Place Loan Program.

Unlike most lenders First Integrity is an MHDC approved lender. Special funds are made available to first-time homebuyers who are Missouri residents. These loans can be made under Conventional, FHA or VA Loans.

The interest rates on these loans are generally at below market rates. There are two basic programs. One, known as a CAP Fund Rate (Cash Assistance Program), offers a higher interest rate (still generally below market rates) plus assistance of 3% of the loan amount for downpayment and or closing costs.  This assistance is in the form a 2nd mortgage that is forgiven by MHDC after 5 years.  In the event a borrower pays off the loan prior to the five year period a portion of the loan is not forgiven.   This option can put a first-time homebuyer into a home with little or none of their own funds. The other, Non-CAP Fund Rate offers an even further reduced interest rate to borrowers who have their own sources for down payment and closing costs

Additional Information:
Maximum Sales Price:
$258,690 for single family Homes, two family units  and condominiums

The state has limitations on maximum household incomes: 1-2 person households - $67,900; 3+ person households - $78,085. All adult occupants must be first-time homebuyers.
To see if you qualify for a First Time Home Buyer loan, click here.

Conventional Mortgage Loans*
Whether you have a growing family and need more space, are an empty nester wanting to downsize, or are finally looking at that dream vacation home, the credit union has a mortgage loan that fits your needs. We offer up to 95% financing, special low rates for our credit union members, and much more!

Reverse Mortgage Loans*
A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower no longer uses the home as his/her principal residence.

Many consumers age 62+ use these loans to supplement Social Security, meet unexpected medical expenses, make home improvements and disability accommodations, pay for in-home medical care and more…while giving them the ability to stay in their current home. A reverse mortgage can help you keep your independence, and will not affect monthly Social Security or Medicare benefits!

*Mortgage loans made through First Integrity Mortgage Services.

Home Equity Loans
A Home Equity Loan is the ideal way to use the equity you’ve built up in your home for a variety of purposes.   Our best offer for a limited time is  

• Fixed rate loan as low as 4.99% APR** (Other rates apply based on credit worthiness and equity in the home).
• No fees paid by the borrowers
• Up to 60 Months to repay

Other home equity loans are availabe. Call us for details at 314-385-8800.

**APR =  Annual Percentage Rate. Rates subject to change. Loan availability and rate are dependent upon credit worthiness, and the value of the home.