MHDC’s newest grant program called “Next Step

MHDC’s newest grant program called “Next Step” now allows non-first time homebuyers to qualify for down payment assistance with a higher income restriction!  Check out the attached information sheet to compare the two MHDC grant program options currently available for your buyers.

Now ANY HOMEBUYER looking to purchase their primary residence can potentially qualify for MHDC’s newest grant program called MHDC Next Step!

MHDC “Next Step” Program Features:

1.      Grant is equal to 4% of the borrower’s base loan amount

2.      Higher Household Income Limits:  $84,360 for 1 – 2 persons; $98,420 for 3+ persons

3.      Higher Purchase Price Limits:  $312,368 for a one-unit property

4.      Two year forgivable down payment assistance grant

5.      Available to use with Conventional, FHA, USDA, and VA financing options

6.      Rates will adjust daily.  Contact me directly to find out current rates!

Let me know if I can help your buyers currently shopping for homes get pre-qualified for this program.

	Amy Hess Senior Mortgage Banker Flat Branch Home Loans 16150 Main Circle Dr. Suite 220 Chesterfield, MO. 63017 Work: 314-872-0998 ext. 2586 | Mobile: 573-291-2704 | Fax: 314-219-8575 NMLS ID: 58000 | Company NMLS: 224149 ahess@flat-branch.com | flatbranchhomeloans.com

National Homebuyer Grant

The income limits are only based on the borrowers on the loan, NOT the total household income! Take a look at the features of the grant below. 

National Homebuyers Fund (NHF) Platinum Grant:

·         No first time homebuyer requirement

·         Income limits based on borrower and co-borrower only (does not apply to entire household - see attached county income limits)

·         Offers up to 5% down payment and closing cost assistance

·         No forgiveness period or repayment required - a true grant!

·         Must be primary residence only

·         30-year mortgage only

·         Minimum 640 credit score required

Amy Neier Senior Mortgage Banker 16150 Main Circle Dr. Chesterfield, MO. 63017 Work: 314-872-0998 | Mobile: 573-291-2704 | Fax: 314-219-8575 NMLS ID: 58000 | Company NMLS: 224149 aneier@flat-branch.com |flatbranchhomeloans.com