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MHDC First Place Loan Program

Missouri Housing Development Commission

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About This Program

Statewide program offering below-market mortgage rates plus up to 4% of the first mortgage amount as a forgivable second loan for down payment and closing costs. Veterans do not need to be first-time buyers.

4% of mortgage as forgivable second loan; forgiven after 10 years; below-market interest rates

Key Details

  • Below-market mortgage interest rates statewide
  • Up to 4% of mortgage as forgivable down payment assistance
  • Second mortgage forgiven after 10 years in home
  • Veterans exempt from first-time buyer requirement
  • Apply through MHDC Certified Lenders

How to Apply

Deadline: Ongoing — through certified lenders

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