MHDC and
MHDC NExT STEP Loans
Who can benefit from these loans?
Homebuyers looking for down-payment assistance.
MHDC
- Depending on your base loan program, a down payment may be required
- Gifts allowed
- Purchase price limits
- Non-targeted $481,176 – $616,111
- Targeted $588,104 – $753,024
- Min. credit score 640
- Seller concessions up to 3-6%
- Cash assistance of 4% of loan amount (ask your mortgage loan originator for more details)
- Income Limits (Springfield, MO)
- 1-2 people: $85,600 (Non Targeted)
- 3+ people: $98,440 (Non Targeted)
- 1-2 people: $102,720 (Targeted)
- 3+ people: $119,840 (Targeted)
MHDC Next Step
- Depending on your base loan program, a down payment may be required
- Gifts allowed
- Purchase price limits
- Targeted $588,104 – $753,024
- Min. credit score 640
- Seller concessions up to 3-6%
- Cash assistance of 4% of loan amount (ask your mortgage loan originator for more details)
- Income Limits
- 1-2 people: $102,720 (Targeted)
- 3+ people: $119,840 (Targeted)
*For more information about targeted and non targeted areas, please visit website: www.mhdc.com
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What Our Clients Say
Trusted by Many, Loved by All
Absolutely wonderful to work with. We have bought 2 houses using Travis as our broker and both times everything went very smoothly and we were even able to close earlier than expected. Would 100% recommend working with him!
Rebekah Woolery
Wonderful mortgage loan officer. Kept us updated throughout the process, answered all questions, returned phone calls or answered text messages quickly. Travis made this mortgage experience very pleasant, easy and fast. Thank you Travis Bell! You are the greatest!
David Holt
Travis was always available for questions and helped break down the steps of the process in a way that was easy to understand. I appreciate his time and expertise during our experience.
Ashland Hankins
Travis was great to work with! He answered all my questions and helped us get to closing quickly! Highly recommend!
Brittany Kiger
Travis was amazing, we started talking 7 months ago and he told me then we would have a home. He held up to his end. He is very easy to talk to and get ahold of.
Jesse Lafferty
Travis Bell was very easy to work with, he was very informative and kept us completely up to date with anything we needed and fulfilled any questions we had. I 100% recommend him and USA Mortgage to help with a loan. They made the entire process as smooth as possible.