Posts Tagged: MHDC Loan

MHDC which stands for Missouri Housing Development Commission has made some modification on all loans reserved on March 2, 2015. MHDC has been a great option for first time home buyers for down-payment assistance and help with some of the closing cost. Prior to the new changes MHDC down-payment assistance program was offering 3.5% as…

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MHDC which is also known as, Missouri Housing Development Commission, is a first-time home buyer program, which is offered by the states. MHDC is a form of the FHA loan which does allow down-payment assistance. When considering a new home you should go by these guidelines: MHDC will allow borrowers to use 3% down-payment assistance…

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