MHDC First Place Mortgage Program

About This Program

First-time homebuyers (and qualified veterans) get below-market 30-year fixed rates plus up to 4% of the loan amount as a forgivable second mortgage for down payment and closing costs — forgiven after 10 years. Works with FHA, VA, USDA, and conventional loans. MHDC is headquartered in Kansas City at 1201 Walnut St.

First-time buyer (or veteran) — income limits apply

Key Details

• Below-market 30-year fixed interest rate
• Up to 4% of loan as forgivable down payment assistance
• Forgiven after 10 years in the home
• Works with FHA, VA, USDA, conventional loans
• First-time buyers and qualifying veterans

How to Apply

Deadline: Year-round through participating lenders