Commission offers $70M in mortgages for first-time buyers

Commission offers $70M in mortgages for first-time buyers

Staff Writer

The Missouri Housing Development Commission has made $70 million available for first-time homebuyers through their First Place Home Loan program. The loans are being offered at 5.08 percent or 6.08 percent with a 4 percent Cash Assistance Payment for down payment and closing costs. The cash assistance does not have to be repaid and may be applied at closing to a portion of the down payment, closing costs, prepaid taxes, insurance premiums and other loan expenses.

For more info. call 816-759-6658.

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