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Mo Real Estate Agent Watchs for Buyer Grant Programs

By
Real Estate Agent with Prudential Select Properties

On the WatchWhat could be better for the New Year......but a big real estate present!  My inside sources claim there is a great possibility for MHDC funds to become available for Missouri home buyers in January 2008.

What is MHDC funds? MHDC is the Missouri Housing Development Commission and has invested almost $4 billion for home mortgages and home improvement loans.  MHDC functions as a bank, providing financing through a network of private lenders. What can they do to help you...the buyer?

  • MHDC offers up to 6% down payment and/or closing costs
  • Enables first time home buyers with limited funds to purchase real estate
  • Grant does not require repayment

What will it take from you...the buyer?

  • Easier than you think
  • Need to be approved and meet income requirements
  • Purchase in designated funding area (ie. St. Charles County, St. Louis County)
  • Full list of requirements are available at www.MHDC.com

Rates are low, housing prices have dropped and now MHDC funds maybe available after the first of the year...could this be real?  Stay tuned...I will be watching for the moment it happens.  Sources say it is soon...so enjoy your News Years Eve....I am on the case and looking for more clues to this possibility.

MO Real Estate Agent - Carol Danowski, Broker/Team Leader