Skip to main content

Missouri First Time Home Buyer Savings Account

Missouri First Home Savings Account


Thanks to a new law, Missourians can now save for their down payment with a Missouri First-Time Homebuyer Savings Account; a tax-deductible savings account dedicated to the purchase of a first home in Missouri.


  • All Missouri residents qualify for this program as long as they haven’t previously owned a home of any kind, or as a result of the individual’s dissolution of marriage, have not been listed on a property title for at least three consecutive years.
  • Parents or grandparents can open an account for their children or grandchildren and contribute to those accounts as well.
  • Annual contributions are up to $3,200 for married couples filing a joint return and $1,600 for all other filers.
  • Tax deductions are capped at up to $1,600 for married couples and $800 for all other filers.
  • Account holders can apply the tax deduction on contributions up to $20,000.

Many people believe they need to put 20% down to purchase a home. The fact is, the average down payment is actually closer to 11%. In many cases, the down payment can be even lower than that. 

If you want to own a home, opening a Missouri First-Time Homebuyer Savings Account is an important first step in making your dream a reality.

 To learn more about the Missouri First-Time Homebuyer Savings Account, feel free to email me or call/text (816)308-8833

Carrie Cowan Holder
RE/MAX Premier Realty
www.ineedthathouse.com

Labels:

Comments

Post a Comment

Popular posts from this blog

Just listed! Remington Estates Raymore MO Atrium Split

For additional photos and information, please visit:  610 Johnston Parkway Raymore MO 64083 To set up a time to tour this home, please contact:  Carrie Cowan Holder RE/MAX Premier  2210 W 75th St Prairie Village KS 66208 (816)308-8833 Mobile/Text (913)649-3100 Office Email Carrie Visit Carrie's Website
Post a Comment
Read more

Rockhill Manor | Waldo Area 3 bed, 2.5 bath, 2 car garage home

Just Listed!  Rockhill Manor 2 Story 436 E 80th St Kansas City MO 64131 Spacious Waldo 2 story with rare 2 car attached garage nestled on gorgeous tree-lined street. Inviting living room with hardwood floors and fireplace. Updated kitchen includes eat in area and stainless appliances (fridge stays) plus a formal dining room. Tiled sunroom walks out to deck. Large, treed, fenced, backyard. Large master suite with 2 closets, hardwood floors and en-suite bath. Incredible Waldo location close to everything - dining, nightlife, highways, public transportation and shopping! For more information, please visit:  436 E 80th St Kansas City MO 64131 With questions or to schedule a tour of this home, please contact:  Carrie Cowan Holder RE/MAX Premier Realty (816)308-8833 mobile (913)529-1444 office EMAIL Carrie https://www.ineedthathouse.com
Post a Comment
Read more

Walnut Bluff Estates Pleasant Hill MO Accessible Ranch on Acreage

22103 S Walnut Bluff Rd Pleasant Hill MO 64080 Spacious & Open Pleasant Hill retreat on 5 gorgeous acres. Handicap accessible: elevator, widened doorways, roll in shower & much more. Two main level master bedrooms - each with vaulted ceilings, en-suite baths & walk-in closets! Open concept kitchen features solid surface counters, pantry, stainless appliances & adjoining eating area. Finished walkout basement features 3rd bedroom, 3rd full bath, large living areas & tons of storage. Outdoor areas include 3 season room, enormous patio & 24 x 30 outbuilding For additional photos and information, please visit:  https://www.ineedthathouse.com/Home/22103-S-Walnut-Bluff-Road-Pleasant-Hill-MO-64080/HRT/2164568 To schedule a showing, please contact:  Carrie Holder RE/MAX Premier 816-308-8833 Mobile/Text  913-529-1444 Office carrie@ineedthathouse.com
Post a Comment
Read more