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Missouri program

MHDC First Place

Missouri route through Missouri Housing Development Commission (MHDC). This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

Multiple assistance options Forgivable if occupancy holds 2026-04-19
Agency Missouri Housing Development Commission (MHDC)
Support type Multiple assistance options
Amount highlight Statewide MHDC purchase mortgage with an optional 100% forgivable second loan equal to 4% of the total mortgage amount for down payment and closing costs.
Last verified 2026-04-19

Open questions

First-time rule has published exceptions

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

First Place is broadly the first-time-buyer and veteran track, but MHDC currently publishes targeted-area and qualified-veteran exceptions to the standard first-time-buyer rule.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Missouri program hub if you need the wider state context.

Amount

Statewide MHDC purchase mortgage with an optional 100% forgivable second loan equal to 4% of the total mortgage amount for down payment and closing costs.

Type

Multiple assistance options

Statewide mortgage with optional forgivable assistance

Repayment

When the borrower chooses the DPA option, MHDC says the second loan equals 4% of the total mortgage amount and is fully forgiven after 10 years if the borrower stays in the home and keeps the original loan. After year five, forgiveness begins reducing by 1/60 each month until year 10. Borrowers may also choose a non-DPA First Place loan with lower interest rates instead of the second loan.

First-time buyer

Varies

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

Missouri first-time homebuyers, Qualified Veterans in Missouri, Missouri buyers purchasing in federally targeted census tracts, Borrowers using a certified MHDC lender for an eligible Missouri property

What support do you get?

Statewide MHDC purchase mortgage with an optional 100% forgivable second loan equal to 4% of the total mortgage amount for down payment and closing costs.

Do you repay it?

When the borrower chooses the DPA option, MHDC says the second loan equals 4% of the total mortgage amount and is fully forgiven after 10 years if the borrower stays in the home and keeps the original loan. After year five, forgiveness begins reducing by 1/60 each month until year 10. Borrowers may also choose a non-DPA First Place loan with lower interest rates instead of the second loan.

How do you apply?

Work with an MHDC Certified Lender, choose whether to use First Place with DPA or without DPA, and close an eligible 30-year purchase mortgage for a Missouri property through the lender's MHDC reservation process.

Application timing

Apply through an MHDC Certified Lender; MHDC says First Place funds are allocated on a first-come, first-served basis.

Official source evidence

MHDC's current First Place page says the program helps first-time homebuyers and qualified Veterans with below-market mortgage financing and optional cash assistance through certified lenders statewide. The current brochure says the DPA option is a 100% forgivable second loan equal to 4% of the total mortgage amount and is forgiven over 10 years, while targeted-area buyers and qualified Veterans can use First Place without meeting the standard first-time-buyer rule.

View official source

Last verified

2026-04-19

Effective date not captured.

Paid preview

What paid access adds for MHDC First Place

See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.

Example paid output for this program. The free page stays visible either way.

Comparison preview

MHDC First Place

Amount: Statewide MHDC purchase mortgage with an optional 100% forgivable second loan equal to 4% of the total mortgage amount for down payment and closing costs.

Repayment: When the borrower chooses the DPA option, MHDC says the second loan equals 4% of the total mortgage amount and is fully forgiven after 10 years if the borrower stays in the home and keeps the original loan. After year five, forgiveness begins reducing by 1/60 each month until year 10. Borrowers may also choose a non-DPA First Place loan with lower interest rates instead of the second loan.

First-time buyer: Varies

Timing: Apply through an MHDC Certified Lender; MHDC says First Place funds are allocated on a first-come, first-served basis.

Risk checks preview

What gets flagged before you call a lender

  • MHDC First Place must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Which first-mortgage product must be paired with MHDC First Place, and what breaks eligibility?
  • What occupancy period must be completed before MHDC First Place is forgiven after 120 months?

Action checklist preview

What you would do next

  • Review the official First Place program page for MHDC First Place
  • Carry the lender question kit for MHDC First Place
Open the full Missouri board

Paid research preview

What paid research already covers in Missouri

Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for Missouri.

3 tracked deeper records

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

1 tracked

specialty and conditional paths

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

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Private workspace

What paid access adds after the free facts

This page stays free for public facts. Paid access turns this program into a shortlist item, a related-path decision layer, risk checks, lender-call prep, and a next-step queue.

If the public facts still look relevant, paid access is where you decide whether this path is stronger than your fallback and what to do next.

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Full state board

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