KHRC Offers Forgivable Loan To KS 1st Home Purchasers

Special Loan Program For 1st Time Buyers In KS

Looking to purchase your 1st residence in Kansas but find yourself at a loss as to where to turn for a mortgage loan? Look no further. First time home buyer loans in Kansas are provided by the Kansas Housing Resources Corporation (KHRC). Not only do they provide a forgivable home loan, they also provide other very powerful programs for 1st time home buyers.


Kansas First Time Home Buyer Loans
Kansas First Time Home Buyer Loans

Here are some details on KHRC’s loan program:

First Time Homebuyer Program

Income-eligible households that have not owned a home in the past three years may apply for the First Time Homebuyer Program (FTHB). Review the income chart to see  if you may be income eligible. There are certain areas that are not eligible to participate in the program, so the program does not assist properties in the city limits of Topeka, Wichita, Lawrence, Kansas City, nor Johnson County.  Approved applicants will receive a soft loan that is forgiven over time.  The loan may range from 15 to 20 percent of the purchase price of the home, depending on your amount of income. Buyers are required to make a minimum investment of two percent of the sale price.  Participating lenders process the FTHB paperwork along with the first mortgage loan and then applies to the FTHB program for you.

Find a Lender

Interested applicants may apply directly to a participating lender.  Participating lenders assist applicants in completing the required paperwork to apply for the program.  Applications are currently being accepted, through a participating lender.

For complete details on this loan, including contact information and instructions on how to apply, please visit this KHRC home mortgage information page. To find a KHRC lender near you, visit this page.

More Kansas First Time Buyer Resources

In addition to the above first time homebuyer loan from KHRC, there are resources available as well. Be sure to visit Kansas down payment assistance, as well as our page that shares details about grants available in KS to purchase your first home.