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
Working with Travis took all the pain away when you’re buying a new home. Not only was he quick to respond, and thorough, but his character says a ton about the person he is. This man went above and beyond for me and made my cross country move a whole lot easier. Would absolutely recommend to anyone looking for buy or refinance!! 10/10
A V
We had a great experience with Travis and his team! After having problems with our previous lender he was able to make a fast turn around so we could close on time. Highly recommend!
M Benton
Travis and the team at USA Mortgage were super friendly and professional and patient in answering all my questions. They made what could have been a very stressful situation easy and stress free. I highly recommend using Travis Bell and USA Mortgage!
Michelle S
I worked with Travis on the sell side of a deal, buyer panicked a little midway through the deal which would have thrown a domino of deals in the toilet. Travis was able to talk to the buyer, reassure them and help with some loan adjustments to make it work. That is the type of lender Realtors want to work with!!
Whitney Shoffner
Travis did a great job with our home buying process. He kept us up to speed and took care of everything in a timely manner. Thank you USA mortgage and Travis Bell!
Crystal Konrad
I had such a great experience with Travis I purchased a house through him twice! He’s super great, friendly, and quick at responding to phone calls and text.