KHRC Provides Assistance To Kansas First Home Buyers

Programs in KS For 1st Time Buyers

First time home buyers in Kansas have many options available to them for help in purchasing their first residence. The Kansas Housing Resources Corporation (KHRC) provides some very helpful programs for Kansas residents seeking to purchase their first home.




 

Kansas First Time Home Buyer Programs
Kansas First Time Home Buyer Programs

Here are some highlights:

First Time Homebuyer Program

If down payment and closing costs are keeping you from purchasing a home of your own, the First Time Homebuyer Program may be able to help. Eligible borrowers can use the forgivable loan to greatly reduce the out-of-pocket expenses associated with buying a home.

Do I Qualify?

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.

For complete details on these programs, including contact information and instructions on how to apply, please visit this KHRC programs page.





More Kansas First Time Buyer Programs

In addition to the above homebuyer programs offered by KHRC, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to 1st time property buyers as well. To determine the availability of regional programs near you, please visit local first time home buyer programs in Kansas.