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

Missouri helps homeowners buy homes with "HOPE" program

The Missouri Housing Development Commission (MHDC) at the end of 2009 rolled out an innovative program to help Missouri families buy a house.

Program Details
MHDC is allocating $15 million towards the HOPE program. Qualified Missouri families that purchase a home in 2010 are eligible for a HOPE incentive equaling the amount of the 2009 real estate tax bill associated with the property they purchased, up to a maximum of $1,250. 

Additionally, homebuyers who are approved for the real estate property tax HOPE incentive may also be eligible to receive an additional amount if they bought a qualified, newly-constructed, energy-efficient home or bought an existing home and remodeled or purchased items such as Energy Star^® appliances to make the home more energy efficient. The maximum combined total of the HOPE property tax incentive and the HOPE energy-efficiency incentive is $1,750.
This can be met by doing some remodeling or even purchasing an Energy Star® appliance.  The MHDC website has complete information on the program and can be reached at
http://www.mhdc.com/homes/HOPE/index.htm