Up to 4% of purchase price as forgivable loan. Begins forgiving at year 5, fully forgiven after 10 years.
Missouri Housing Development Commission provides DPA through its First Place and Next Step programs. First Place targets first-time buyers while Next Step serves repeat purchasers, making Missouri one of the few states with dedicated DPA for both buyer types.
MHDC offers competitive first mortgage rates paired with DPA as either a forgivable loan or a repayable second mortgage. Missouri's affordable housing markets in Kansas City, St. Louis, Springfield, and Columbia mean DPA dollars stretch further here than in most states.
Available to repeat buyers. Forgiveness starts at year 5 at 1/60 per month.
We'll show you how to combine MHDC DPA (Missouri) with other programs to maximize your free money — personalized to your ZIP code and income.