Renovation Mortgage Loans in St. Louis, MO
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All about St. Louis, MO
St. Louis is the second-largest city in Missouri. It sits near the confluence of the Mississippi and the Missouri Rivers. In 2020, the city proper had a population of 301,578, while the bi-state metropolitan area, which extends into Illinois, had an estimated population of over 2.8 million, making it the largest metropolitan area in Missouri, the second-largest in Illinois, and the 20th-largest in the United States.
Before European settlement, the area was a regional center of Native American Mississippian culture. St. Louis was founded on February 14, 1764, by French fur traders Gilbert Antoine de St. Maxent, Pierre Laclède and Auguste Chouteau, who named it for Louis IX of France. In 1764, following France’s defeat in the Seven Years’ War, the area was ceded to Spain. In 1800, it was retroceded to France, which sold it three years later to the United States as part of the Louisiana Purchase; the city was then the point of embarkation for the Corps of Discovery on the Lewis and Clark Expedition. In the 19th century, St. Louis became a major port on the Mississippi River; from 1870 until the 1920 census, it was the fourth-largest city in the country. It separated from St. Louis County in 1877, becoming an independent city and limiting its political boundaries. In 1904, it hosted the Louisiana Purchase Exposition and the Summer Olympics.
A “Gamma” global city with a metropolitan GDP of more than $160 billion in 2017, metropolitan St. Louis has a diverse economy with strengths in the service, manufacturing, trade, transportation, and tourism industries. It is home to eight Fortune 500 companies. Major companies headquartered or with significant operations in the city include Ameren Corporation, Peabody Energy, Nestlé Purina PetCare, Anheuser-Busch, Wells Fargo Advisors, Stifel Financial, Spire, Inc., MilliporeSigma, FleishmanHillard, Square, Inc., U.S. Bank, Anthem BlueCross and Blue Shield, Federal Reserve Bank of St. Louis, U.S. Department of Agriculture, National Geospatial-Intelligence Agency, Centene Corporation, and Express Scripts.
Major research universities include Saint Louis University and Washington University in St. Louis. The Washington University Medical Center in the Central West End neighborhood hosts an agglomeration of medical and pharmaceutical institutions, including Barnes-Jewish Hospital.
St. Louis has four professional sports teams: the St. Louis Cardinals of Major League Baseball, the St. Louis Blues of the National Hockey League, St. Louis City SC of Major League Soccer, anticipated to begin play in 2023, and the St. Louis BattleHawks of the XFL. Among the city’s notable sights is the 630-foot (192 m) Gateway Arch in Downtown St. Louis, the St. Louis Zoo, the Missouri Botanical Garden, the Saint Louis Art Museum, and Bellefontaine Cemetery and Arboretum.
Source: https://en.wikipedia.org/wiki/St._Louis
History of St. Louis, MO
The area that would become St. Louis was a center of the Native American Mississippian culture, which built numerous temple and residential earthwork mounds on both sides of the Mississippi River. Their major regional center was at Cahokia Mounds, active from 900 to 1500. Due to numerous major earthworks within St. Louis boundaries, the city was nicknamed as the “Mound City”. These mounds were mostly demolished during the city’s development. Historic Native American tribes in the area included the Siouan-speaking Osage people, whose territory extended west, and the Illiniwek.
European exploration of the area was first recorded in 1673, when French explorers Louis Jolliet and Jacques Marquette traveled through the Mississippi River valley. Five years later, La Salle claimed the region for France as part of Louisiana.
The earliest European settlements in the area were built in the Illinois Country (also known as Upper Louisiana) on the east side of the Mississippi River during the 1690s and early 1700s at Cahokia, Kaskaskia, and Fort de Chartres. Migrants from the French villages on the opposite side of the Mississippi River (e.g. Kaskaskia) founded Ste. Genevieve in the 1730s.
In 1764, after France lost the Seven Years’ War, Pierre Laclède and his stepson Auguste Chouteau founded what was to become the city of St. Louis. (French lands east of the Mississippi had been ceded to Great Britain and the lands west of the Mississippi to Spain; France and Spain were 18th-century allies. Louis XV of France and Charles III of Spain were cousins, both from the House of Bourbon.) The French families built the city’s economy on the fur trade with the Osage, as well as with more distant tribes along the Missouri River. The Chouteau brothers gained a monopoly from Spain on the fur trade with Santa Fe. French colonists used African slaves as domestic servants and workers in the city.
France, alarmed that Britain would demand French possessions west of the Mississippi and the Missouri River basin after losing New France to them in 1759–1760, transferred these to Spain as part of the Viceroyalty of New Spain. These areas remained in Spanish possession until 1803. In 1780 during the American Revolutionary War, St. Louis was attacked by British forces, mostly Native American allies, in the Battle of St. Louis.
Source: https://en.wikipedia.org/wiki/St._Louis
Demographics of St. Louis, MO
St. Louis grew slowly until the American Civil War, when industrialization and immigration sparked a boom. Mid-19th century immigrants included many Irish and Germans; later there were immigrants from southern and eastern Europe. In the early 20th century, African American and white migrants came from the South; the former as part of the Great Migration out of rural areas of the Deep South. Many came from Mississippi and Arkansas.
After years of immigration, migration, and expansion, the city reached its peak population in 1950. That year, the Census Bureau reported St. Louis’s population as 82% White and 17.9% African American. After World War II, St. Louis began losing population to the suburbs, first because of increased demand for new housing, unhappiness with city services, ease of commuting by highways, and later, white flight. St. Louis’s population decline has resulted in a significant increase of abandoned residential housing units and vacant lots throughout the city proper; this blight has attracted much wildlife (such as deer and coyotes) to the many abandoned overgrown lots.
St. Louis has lost 64.0% of its population since the 1950 United States Census, the highest percent of any city that had a population of 100,000 or more at the time of the 1950 Census. Detroit, Michigan, and Youngstown, Ohio, are the only other cities that have had population declines of at least 60% in the same time frame. The population of the city of St. Louis has been in decline since the 1950 census; during this period the population of the St. Louis Metropolitan Area, which includes more than one county, has grown every year and continues to do so. A big factor in the decline has been the rapid increase in suburbanization.
According to the 2010 United States Census, St. Louis had 319,294 people living in 142,057 households, of which 67,488 households were families. The population density was 5,158.2 people per square mile (1,990.6/km2). About 24% of the population was 19 or younger, 9% were 20 to 24, 31% were 25 to 44, 25% were 45 to 64, and 11% were 65 or older. The median age was about 34 years.
The African-American population is concentrated in the north side of the city (the area north of Delmar Boulevard is 94.0% black, compared with 35.0% in the central corridor and 26.0% in the south side of St. Louis). Among the Asian-American population in the city, the largest ethnic group is Vietnamese (0.9%), followed by Chinese (0.6%) and Indians (0.5%). The Vietnamese community has concentrated in the Dutchtown neighborhood of south St. Louis; Chinese are concentrated in the Central West End. People of Mexican descent are the largest Latino group, and make up 2.2% of St. Louis’s population. They have the highest concentration in the Dutchtown, Benton Park West (Cherokee Street), and Gravois Park neighborhoods. People of Italian descent are concentrated in The Hill.
Source: https://en.wikipedia.org/wiki/St._Louis
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Diandrai Webb
Producing Branch Manager // Retail // NMLS #893074
Diandrai (D’Andre) Webb is a Mortgage Banker – Renovation Specialist in Overland Park, KS. He has over a decade of residential real estate finance and renovation home lending experience. Diandrai can offer a variety of Mortgage Programs but specializes in Renovation Mortgage Programs such as the FHA 203k, Fannie Mae HomeStyle (Conventional Renovation Loan Program), VA Renovation Loan Program, as well as 100% financing of Purchase Price and Renovation Budget.
Diandrai earned a Master’s Degree in Business Administration (M.B.A.) from the University of Central Missouri in Warrensburg, MO with an emphasis in Marketing & Finance in December of 2002. Diandrai is currently licensed in KS, MO.
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Diandrai Webb
Loan Officer // Renovation Specialist // NMLS #893074
Diandrai (D’Andre) Webb is a Mortgage Banker – Renovation Specialist in Overland Park, KS. He has over a decade of residential real estate finance and renovation home lending experience. Diandrai can offer a variety of Mortgage Programs but specializes in Renovation Mortgage Programs such as the FHA 203k, Fannie Mae HomeStyle (Conventional Renovation Loan Program), VA Renovation Loan Program, as well as 100% financing of Purchase Price and Renovation Budget.
Diandrai earned a Master’s Degree in Business Administration (M.B.A.) from the University of Central Missouri in Warrensburg, MO with an emphasis in Marketing & Finance in December of 2002. Diandrai is currently licensed in KS, MO.
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