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The Missouri Housing Development Commission (MHDC) provides help for many would-be first-time homebuyers:

  • Provides 3% of purchase price (up to $6,000) for down payments and closing costs in the form of a forgivable 2nd mortgage

  • More relaxed credit standards (minimum credit score 620)

  • Maximum sales price of $250,200 for targeted areas*

  • Buyers must contribute 0.5% for down payment

  • New increased income limitations may apply

*Single-family residences

Missouri Residential Mortgage Loan Broker License 10-1708
Illinois Residential Mortgage License MB.0005465
NMLS# 276593
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