The Missouri Housing Development Commission has just announced a wonderful new program where home buyers can get a 20% downpayment grant when they buy a bank owned home. The maximum grant is $14,999. Here are the details:
*Buyers must use MHDC "First Place Loan" for their first mortgage
*Buyers must live in the home as their primary residence for 5 years
*Buyers must take 8 hours of home buyer's counseling
*The home must be purchased for 5% under the appraisal value
*The home may not have been used as a rental property in the last 12 months
*Buyers income must not be more than 20% over the median income for their area
Call me if you have any questions or would like to participate in this wonderful program. Erin Blaise 573-268-9059.
Real estate professional since 1995 dedicated to helping you buy and sell property and making your real estate dreams come true whether it's buying your first home or selling your twentieth flip home.
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