MHDC Mortgage Assistance Programs

NASB can help Missouri residents take advantage of a number of mortgage assistance programs available through the MHDC.

MHDC Mortgage Assistance Programs

Key Features

Can provide cash assistance for down payments and closing costs

Lower interest rate opportunities

For Missouri first-time home buyers and qualified veterans

Special mortgage programs for residents of Missouri.

The Missouri Housing Development Commission (MHDC) was created in 1969 to help provide home loan funding to qualified first-time home buyers in Missouri. NASB is proud to be a certified mortgage lender for the program.

There are two programs available for Missouri borrowers through the MHDC. The first is the First Place Homebuyer Program, which provides first-time home buyers and qualified veterans an opportunity to take advantage of affordable interest rates, as well as additional incentives offered by MHDC. 

There are two types of loans offered through the MHDC First Place program:
  • Cash Assistance Loan (CAL) - This loan provides down payment and closing cost assistance for first-time home buyers.
  • Non Cash Assistance Loan (Non CAL) - This loan provides a lower interest rate to first-time home buyers who do not qualify for down payment or closing cost assistance.

First Place Loans are 30-year, fixed-rate, first mortgages, and can be used to secure either a conventional, VA, or FHA loan.

The second financial assistance option offered by the MHDC is the Next Step Program. Qualified first-time and non-first-time home buyers can receive up to 4% of the loan amount for down payment and closing costs. This forgivable second mortgage loan does not have to be paid back as long as the borrower stays in the home for ten years. 

To see if you qualify for the First Place Homebuyer Program or the Next Step program through the MHDC, give us a call or fill out the form below today.

Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded. 
  • A variety of mortgage payment calculations
  • Learn which loan is better for you
  • Help to make term and loan type decisions
  • Build equity instead of paying rent
  • Take advantage of mortgage interest tax deduction*
  • Many mortgage loan programs for first-time buyers
What Our Customers Say
Sherri S., March 18, 2022
★★★★★ (5)

"My loan officer was amazing and did everything he could to help me with my home purchase. There were extenuating circumstances that he went above and beyond to help me with."

$31 Billion in home loans

In the last decade based on lender data

103,000 home loan customers since 2010

Based on lender data

90 Net Promoter Score

Based on closed loan customer surveys from 6/1/2022 to 5/30/2023

Nationally competitive products. Individualized service.


*According to Bain and Company, the source of the Net Promotor Score (‘NPS’) system, a score of 50 is excellent, and anything above 80 is world-class.