MHDC Provides Options For First Time Buyers In MO

Programs For 1st Time Buyers

First time home buyers in Missouri have several options available to them for help in purchasing their first residence. The Missouri Housing Development Commission (MHDC) provides some very helpful programs for Missouri residents seeking to purchase their first home.


Missouri First Time Home Buyer Programs
Missouri First Time Home Buyer Programs

Here are some highlights:

First-time homebuyers

First Place Loan Program

Our “First Place” loan program gives first-time homebuyers* the edge they need to purchase a home,
with cash assistance available.  more information

Mortgage Credit Certificate (MCC)

Our MCC program provides income eligible first-time homebuyers* with an opportunity to reduce the amount
of federal income tax owed each year they own and live in their homes.
more information

Repeat or first-time homebuyers

Next Step Program

Our “Next Step” program gives first-time homebuyers as well as non-first time homebuyers the opportunity to purchase their own home with higher income limits and purchase price limits. It also gives the borrower the opportunity to receive cash assistance for down payment and closing cost assistance. more information

Military Veterans

  If you are a qualified veteran, you do not have to be a first-time homebuyer* to qualify for our “First Place”
or “Mortgage Credit Certificate” loan programs (above).
  more information

For complete details on these programs, including contact information and instructions on how to apply, please visit the MHDC page that describes the programs.

More Missouri First Time Buyer Programs

In addition to the above homebuyer programs offered by MHDC, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to 1st time property buyers as well. To determine if you qualify for any near you, please visit local first time home buyer programs in Missouri.