How to Buy a Home in St. Louis With $0 Down

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If you’ve been saving homes on Zillow but keep thinking,
“I can’t buy yet — I don’t have the money,”
you’re not alone.

Most St. Louis buyers don’t stop because of income.
They stop because they think they need a huge down payment.

Here’s the truth most people don’t hear early enough 👇

The Truth About Buying With $0 Down

You don’t need 20% down.
You don’t always need any down payment at all.

There are real, legitimate programs in Missouri that allow buyers to purchase a home with $0 down or very close to it.

The problem?
Most buyers never learn about them until they’ve already talked themselves out of buying.

How $0 Down Buying Actually Works in St. Louis

1️⃣ $0 Down Doesn’t Mean “No Planning”

$0 down simply means:

  • No money toward the purchase price

  • Strategic use of loan programs and assistance

  • Sometimes very low out-of-pocket costs

It’s not a gimmick — it’s about knowing what stacks together.

2️⃣ Common $0 Down Options in Missouri

Here are the most common paths buyers use in the St. Louis area:

USDA Loans

  • 0% down

  • Many areas qualify (even ones people assume don’t)

VA Loans (if eligible)

  • 0% down

  • No mortgage insurance

  • Extremely strong option

Down Payment Assistance Programs

  • Grants or forgivable loans

  • Often paired with FHA or conventional loans

  • Can cover down payment and part of closing costs

👉 The key isn’t just the program — it’s choosing the right combination.

3️⃣ “But I Don’t Make Enough…”

This is one of the biggest misconceptions.

I regularly see buyers qualify who:

  • Don’t have perfect credit

  • Are currently renting

  • Have average income

  • Thought they were “years away”

Most people aren’t underqualified — they’re under-informed.

What This Looks Like in Real Life

Example 👇

A renter paying around $1,400–$1,500/month
Looking at homes between $180k–$230k

They assume they need $15k+ saved.

In reality:

  • Down payment: $0

  • Closing costs: partially covered

  • Total cash needed: far less than expected

This happens more often than people think.

Common Mistakes to Avoid

Before talking to an agent, buyers often:

❌ Wait to save without checking options
❌ Assume programs won’t apply to them
❌ Let credit myths stop the process
❌ Rely on Google instead of local guidance
❌ Delay conversations that bring clarity

The biggest mistake?
Not asking early enough.

My Perspective 

I’m Khalil Henry — a licensed Realtor and investor here in St. Louis.

My job isn’t to push people into buying.
It’s to help you understand:

  • What you actually qualify for

  • What’s realistic in today’s market

  • Whether buying now makes sense for you

Sometimes clarity is the win.
Sometimes clarity leads to keys.

What Makes Sense as a Next Step?

No pressure — just options:

✅ Get a quick homebuyer readiness checklist
✅ See what you qualify for with a short strategy call
✅ Attend a free first-time homebuyer class
✅ Get a personalized game plan

Choose what helps you move forward with confidence.

Final Thought

If money was the only thing holding you back,
there’s a good chance you’re closer than you think.

You don’t need to guess.
You just need clarity.

 

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