Missouri · Subsidized loan

MHDC First Place / Next Step

Below-market rate + 4% DPA

30-year fixed rate with below-market interest. FHA, VA, USDA, and conventional eligible.

MHDC's DPA loan provides assistance as a second mortgage for Missouri buyers. The program pairs with MHDC's competitive first mortgage rates and serves both first-time and repeat purchasers.

AmountBelow-market rate + 4% DPA

TypeSubsidized loan

Available inMissouri

First-time buyer requiredNo

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

MHDC DPA (Missouri) 4% forgivable — first-time and repeat buyers

Missouri · Forgivable loan

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