The Missouri Housing Development Commission has announced that a new Bond issue will be availalbe and reservations for this will begin next week. This program allows for the state of Missouri to provide 3% of the loan amount to go toward down payment and or closing costs and prepaids. This is very good news for veterans and active duty personnel who are looking to buy a home and qualify for a VA financing. By combining the MHDC Bond Loan with VA financing the 3% funds given to the buyer from the state of Missouri pays for the closing costs and prepaids while the VA loan provides for 100% financing. This is a fantastic opportunity for any Veteran that would be interested in buying their first home in the state of Missouri.
Those of you who are in other states, many states have first time home buyer programs please check the availability in your state for these programs and check into it to see if they can be combined with the VA loan for more opportunities for the men and women in our armed forces and their families.
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