Missouri Housing Development Commission

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Homebuyer Programs – First Place, Next Step & Mortgage Credit Certificate

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Missouri Housing Development CommissionMOFirst-Time Homeowner30 year fixed rate first mortgage loans with optional cash assistance second mortgages and federal mortgage credit certificate tax credits

Updated: Dec 6, 2025

MHDC’s Homebuyer Programs (First Place, Next Step and the Mortgage Credit Certificate) help Missouri first-time and repeat buyers bridge the gap between savings and the cash needed to close. By combining affordable interest rates, down payment assistance and a federal tax credit option, these programs make homeownership more attainable for income-eligible buyers across the state.

Eligible for: First-time and repeat homebuyers (depending on program), typically must purchase a primary residence in Missouri, meet MHDC income and purch…

Funding: Down payment and closing cost assistance is commonly provided as a cash assistance loan sized as a percentage of the first mortgage amount, and a Mortgage Credit Certificate can reduce federal income tax liability by allowing a portion of annual mortgage interest to be claimed as a tax credit.Deadline: Rolling / subject to funding availabilityRollingStatewidehomebuyerfirst-time homebuyerrepeat homebuyerveterandown payment assistanceclosing cost assistancetax creditaffordable mortgage

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