Missouri Bond Loan Rates announced - First time Home Buyers - OakStar Bank

Rates for the Missouri Bond Program have been announced and are available at www.mhdc.com, the rates indicate the premium that investors are requiring in order to invest into the housing market - while they are not bad rates some lower rates can be obtained on the secondary market so we need to make sure and look at all possibilities before deciding on which loan option would be most advantageous.

Another factor that is the new tax credit of up to 7500 that is part of the rescue bill signed into law by the President last week, in it if you utilize mortgage revenue bonds you are NOT ELIGIBLE to take this credit. This credit is something that does have to be paid back over 15 years creating a interest free loan.

Should you have questions regarding the new bond issue in Missouri or questions regarding the tax credit program now available for first time home buyers please feel free to contact me.

Darren Stewart

OakStar Bank

417 447 7927