One of the most difficult hurdles in purchasing a home is saving for the down payment. Flat Branch Home Loans excels in providing the guidance necessary for you and your family. The down payment assistance program through the Missouri Housing Development Commission (MHDC) makes it easier for you to secure your funds!
Eligible borrowers can receive down payment assistance through the state of Missouri using this program. Flat Branch Home Loans is a certified lender and is eligible to offer MHDC financing through our certified loan officers. Funds from MHDC are used to construct, renovate, purchase and preserve affordable housing. This down payment assistance program is coupled with another long-term loan chosen between you and your Flat Branch mortgage banker.
While this program was designed for first-time homebuyers, veterans and homebuyers in targeted areas also qualify. First-time homebuyers are people who haven’t owned a home in three or more years.
First Place loans are known as the affordable choice for first-time homebuyers. The perks of this program include:
Next Step is known to give first-time homebuyers and repeat buyers the opportunity to purchase their home with aid for down payments and closing costs.
The perks of this program include:
There are also local grants based out of certain locations that you can potentially qualify for depending on your financial and familial circumstances. Your Flat Branch loan officer can help you determine which programs you qualify for!