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Aug 27, 2024 · First-time home buyers looking for assistance in Missouri can turn to the Missouri Housing Development Commission (MHDC). It runs several home buyer assistance programs that help renters...
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Does Missouri offer affordable homebuying opportunities for first-time buyers?
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What is a first-time homebuyer program?
Can a first-time home buyer use the MHDC loan program?
Regional Planning Commissions - some of Missouri's Regional Planning Commissions administer State-funded homebuyer or home repair assistance programs. Statewide Home Buyer Programs - First Place home loans, HERO Loans and MO-AID disaster relief loans.
Jan 26, 2024 · To help provide affordable homebuying opportunities to first-time buyers in the state, the Missouri Housing Development Commission has special programs for first-time or repeat homebuyers,...
Sep 6, 2023 · The federal and Missouri state governments have created first-time homebuyer programs to help deal with these unique financial situations. There are options for every type of borrower, but each one makes homeownership more accessible and affordable.
Are you a first-time homebuyer in Missouri? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Show-Me State.
1. MHDC: First Place Program. Missouri Housing provides a pool of money at below-market interest rates that lenders can use to provide 30-year, fixed-rate FHA, VA, USDA, and HFA Advantage conventional loans to first-time homebuyers and qualified veterans. The First Place program also offers cash and non-cash assistance loans.
If you’re buying your first home in Missouri, be sure to check your eligibility for the many nationally-available loan programs designed to help first-time homebuyers. FHA loans, for example, can be easy to qualify for even if you have low credit or a small down payment.