The Missouri Housing Development Commission has a new TCAL (Tax Credit Advance Loan) program to assist with the down payment on a mortgage.
The program that has been making headlines is the American Recovery and reinvestment Act of 2009 which provides up to 8000 in tax incentives for first time homebuyers. The TCAL program allows buyers to apply some of this money at closing, instead of waiting until after the sale which will help borrowers with the downpayment due at closing.
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