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 600)
  
  
• 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