First-Time Homebuyer Programs in Missouri: What Cass County Buyers Need to Know
If you're buying your first home in Cass County, you may have access to programs that can make it significantly more affordable — and most buyers we work with don't even know they exist. Missouri Housing Development Commission (MHDC) Missouri's primary housing finance agency, the MHDC, offers two programs worth knowing: First Place Loan — A 30-year fixed-rate mortgage at a below-market interest rate, available to first-time buyers (or anyone who hasn't owned a home in the past three years). There are income and purchase price limits, but they're generous enough to apply to most Cass County buyers. Next Step Program — If you've owned before, this one's for you. It offers the same below-market rate without the first-time buyer requirement. Both programs can be paired with a Cash Assistance Loan — essentially a second loan covering 4% of the purchase price toward your down payment and closing costs. That can be thousands of dollars you don't have ...