MHDC
MHDC Next Step Loans
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 $283,348 – $362,818
- Targeted $346,315 – $443,445
- Min. credit score 620
- Seller concessions 3-6%
- Cash assistance of 4% of loan amount or second mortgage
- Income Limits (Springfield, MO)
- 1-2 people: $69,100
- 3+ people: $79,465
MHDC Next Step
- 3.5% down payment required
- Gifts allowed
- Max. sales price $346,315 – $443,445
- Min. credit score 620
- Seller concessions 3-6%
- Cash assistance of 4% of loan amount or second mortgage
- Income Limits
- 1-2 people: $82,920
- 3+ people: $96,740
Get Pre-Qualified Today!
Start the loan application and get pre-qualified today.
