Skip to content

Online Banking

Personal Banking
Forgot Password?
Enroll Now

First-Time Homebuyer Savings Account

Helping You Save for Your First Home

There's good news for Missourians looking to purchase their first home. 

Missouri has signed into law a new first-time homebuyer savings account program supporting first-time homebuyers. With the Missouri First-Time Homebuyer Savings Account, you're one step closer to owning your first home!

 

 

Who?

Missourians who have never owned a home of any kind, or as a result of the individual’s dissolution of marriage, has not been listed on a property title for at  least three consecutive years. 

What?

A savings account that can be used towards the down payment of your first home in Missouri. Annual contributions can be up to $3200 for married couples filing a joint return and $1600 for all other filers.  Tax deductions are capped at up to $1600 for married couples and $800 for all other filers.

When?

You can open a Missouri First-Time Homebuyer Savings Account TODAY and start saving NOW!

Where?

The account can be opened right here at FMB for the purchase of a first home in Missouri.

How?

Speak to one of our Real Estate Lenders to help you understand all of the benefits associated with homeownership - and to help ensure you’re getting the most out of the Missouri First-Time Homebuyers Savings Account program.

A Personal Banker will help you open the account.

 

Why?

When you are ready to buy a home, you will have a good start toward the savings you need.  Plus, you’ll have made a great investment in yourself and your community, putting you on the path to financial independence. 

Contact a Loan Officer