09/09/2026
MHDC is a secondary loan in the state of Missouri that can provide 4% assistance toward your down payment. Here's what you need to know.
The assistance isn’t prorated during the first 5 years, so selling or refinancing during that time means repaying the full amount. After 5 years, the amount begins to decrease, and after 10 years, it can be forgiven.
There are also eligibility requirements, including a minimum credit score of 640 and approval for the program.
The best way to know if MHDC is right for you? Talk to a lender who can walk you through the numbers.