Who can benefit from these loans?
Homebuyers looking for down-payment assistance.
MHDC
- 3.5% down payment required
- Gifts allowed
- Max. sales price
- Non-targeted $349,525 – $447,542
- Targeted $427,198 – $546,995
- Minimum Credit Score – Check with your loan officer as this is not controlled by us.
- Seller concessions 3-6%
- Cash assistance of 4% of loan amount or second mortgage
- Income Limits (Springfield, MO)
- 1-2 people: $80,900
- 3+ people: $93,035
MHDC Next Step
- 3.5% down payment required
- Gifts allowed
- Max. sales price $349,525 – $546,995
- Minimum Credit Score – Check with your loan officer as this is not controlled by us.
- Seller concessions 3-6%
- Cash assistance of 4% of loan amount or second mortgage
- Income Limits
- 1-2 people: $97,080
- 3+ people: $113,260
