Eligibility: First‑time homebuyers (no primary residence in 3 years) or veterans.
Benefits: Available to first-time or repeat buyers; 4% forgivable second loan for down payment/closing costs, forgiven after 10 years.
Benefits: Federal tax credit (~25–30% of mortgage interest, max $2,000/year).
Columbia DPA: Up to $10,000 forgivable second loan for first-time buyers. Program guide.
Springfield DPA: Up to $9,000 forgivable second loan; income ≤ 80% AMI. Details.Missouri Housing Development Commission (MHDC) Programs:
First Place Loan Program:
Offerings: 30‑year fixed-rate FHA, VA, USDA, or conventional mortgage with option for:
• 4% cash assistance forgiven over 10 years
• Lower interest rate instead of cash assistance
Requirements:
Next Step Program:
Eligibility: Income and purchase price limits higher than First Place.
Details: Next Step info.Mortgage Credit Certificate (MCC):
Requirements: Must use an MHDC first mortgage; fee applies. MCC details.Local Programs:
Columbia
Springfield
Additional Information:
View First‑Time Home Buyer Programs for: Mississippi
View First‑Time Home Buyer Programs for: Montana