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Christina Lynch

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Missouri Housing Commission Offering 3.50 Percent Mortgage Rate

Missouri Housing Development Commission (MHDC) has lowered the interest rates on mortgages offered under its first-time homebuyer program. A 3.50 percent 30-year fixed rate mortgage is available to homebuyers not needing assistance with down payment and/or closing costs, while a 4.0 percent 30-year fixed rate mortgage is available to those buyers who do take advantage of cash assistance. These rates are the lowest ever offered by MHDC.

Posted in: Market Watch, Mortgage Watch, Real Estate News Tagged: 3.5% mortgage, first time buyer, low mortgage rates, mhdc, real estate, st louis

First-Time Buyers Tax Credit Advance Loan Program

MHDC Rolls Out Innovative New Program For First-Time Homebuyers Starting January 2009, Missouri Housing Development Commission (MHDC) will have a new product to enable first-time homebuyers to take advantage of the $7,500 federal first-time homebuyer tax credit. This program is the first of its kind in the nation. The federal first-time homebuyer tax credit was […]

Posted in: investment, Market Watch, Mortgage Watch, Real Estate News Tagged: buyer, closing cost, down payment, first, home, homes, mhdc, missouri, Missouri housing development commission, purchase, Quick Links, refund, tax credit, tax credit advance loan program, time

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