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Missouri program

MHDC Next Step

Missouri route through Missouri Housing Development Commission (MHDC). Use this page to confirm the core public facts first, then decide whether you need deeper comparison output and lender-call prep.

Statewide mortgage with optional forgivable assistance Check official rules 2026-04-19
Agency Missouri Housing Development Commission (MHDC)
Support type Statewide mortgage with optional forgivable assistance
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

Repeat-buyer rule needs a lender check

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

MHDC broadly markets Next Step to first-time and repeat buyers, but one current borrower brochure section still uses first-time-buyer and veteran language. Confirm your exact eligibility with a certified lender before you rely on the repeat-buyer path.

Decision-ready public facts

What this program appears to offer

Quick answer from published facts. Go to Missouri program hub

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

Statewide mortgage with optional forgivable assistance

Repayment

When the borrower chooses cash assistance, 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-cash-assistance Next Step loan with lower rates instead of the second loan.

First-time buyer

Varies

Program guide

What to know before you click through

Use the public facts first. Open the official source when a detail affects eligibility, repayment, or lender choice.

Who qualifies?

Missouri buyers using a certified MHDC lender for an eligible Missouri property, Missouri first-time homebuyers outside First Place income limits, Missouri repeat buyers outside First Place income limits, Qualified Veterans using the statewide MHDC Next Step path

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 cash assistance, 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-cash-assistance Next Step loan with lower rates instead of the second loan.

How do you apply?

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

Official source evidence

MHDC's current Next Step page says the program serves first-time and repeat homebuyers outside First Place income limits and offers optional cash assistance through certified lenders statewide. The current brochure says the cash-assistance option is a 100% forgivable second loan equal to 4% of the total mortgage amount and is forgiven over 10 years, but the same brochure's eligibility bullets still describe eligible borrowers as first-time homebuyers or qualified Veterans, so the current public borrower materials are not perfectly aligned on the repeat-buyer rule.

View official source

Last verified

2026-04-19

Effective date not captured.

Paid preview

What paid access adds for MHDC Next Step

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.

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Comparison preview

MHDC Next Step

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 cash assistance, 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-cash-assistance Next Step loan with lower rates instead of the second loan.

First-time buyer: Varies

Risk checks preview

What gets flagged before you call a lender

  • MHDC Next Step 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 Next Step, and can it be combined with the saved options?

Action checklist preview

What you would do next

  • Verify the required first-mortgage pairing for MHDC Next Step.
  • Review the official Next Step program page for MHDC Next Step.
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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

These are not generic promises. They are the local, employer, public-employee, and specialty directions already sitting behind the paid layer.

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.

See deeper Missouri leads

Private workspace

What paid access adds to this program

The free page gives you the public facts. Paid access turns this program into a shortlist item, comparison row, risk check, and lender-call prep surface.

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

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Active accounts can save this program in one click. If you still need sign-in or checkout, the same button routes you to the right next step.

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Decision output

Comparison, risk checks, and lender prep

Use the paid layer for side-by-side comparison, overlap checks, lender questions, and next-step notes tied to this exact program.

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