January 11th, 2011 7:05 PM by Mary Schwarz
If you are a first time home buyer and meet the generous income requirements you can take advantage of Missouri's First Place Loan program. This program offers below market rates (currently about 4.5%) and/or 3% of the loan value to be used towards down payment! This effectively means you can buy a house for .5% down!
Check out the details at www.mhdc.com.