First time home buyer

MHDC (Missouri Housing Development Commission) funds are scheduled to be released next Monday, May 7, with rates of 5.95% for a 30 year fixed with no money down, or 6.4% with a free 3% toward down payment and closing costs. For a 1-2 person household, the income limit is 57k. For a 3+ household, the limit is $65,500. The maximum purchase price is 237k, and as long as they haven't owned a home in the previous 3 years, there should be no problem in qualifying.

Call Russell Nolting at 314 267 2636 for more information.