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If you're a first-time home buyer in Missouri, the state has programs to help you achieve your dream of homeownership. The Missouri Housing Development Commission, or MHDC, offers mortgage programs for first-time home buyers, with and without down payment assistance. You can qualify as a first-time buyer if you haven't owned a primary residence for three years.
The first-time home buyer requirements are waived for veterans, active-duty military and people buying homes in economically disadvantaged areas.
National first-time home buyer programs
MHDC highlights and eligibility requirements
Some programs offer down payment assistance.
Loans can be used to buy most kinds of residences.
Interest rates for some loan programs are below market.
Qualified first-time home buyers can obtain mortgage credit certificates.
Income and purchase price limits vary by loan program, location of the home and household size.
Meet minimum credit score requirements.
Home has to be a primary residence in Missouri.
Missouri home buyer assistance programs
Your next step
Visit the MHDC's homeownership programs page for a list of loan programs, with links to details about each.
Find a list of mortgage rates for each program, updated daily.
Then, contact a participating lender. MHDC maintains a list of certified lenders, which is available on the lender locator page.
» MORE: Best Missouri mortgage lenders
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