Kansas First-Time Home Buyer Programs of 2019

As a Kansas resident and hopeful home buyer, you can tap a unique financial resource. Down payment and closing cost assistance may be available to you through the Kansas Housing Resources Corporation.

And you won’t have to sift through a bunch of bureaucracy: One program does all of the heavy lifting.

Also, national programs tailored to first-time home buyers can help you move from renting an apartment to owning a home.

National first-time home buyer programs

These national programs offer deep resources for first-time home buyers, including low or zero down payments.

Kansas Housing highlights and eligibility requirements

Kansas Housing keeps things simple: It offers one assistance program. Here are the must-know details:

» MORE: Tips for first-time home buyers

Highlights

• Offers 15% to 20% of a home’s purchase price in assistance.
• Assistance is in the form of a forgivable loan.
• Available to borrowers who haven’t owned a home within the past three years.

Eligibility

• You must kick in 2% of the purchase price with your own money.
• The amount of assistance depends on your household income.
• Not available in Kansas City, Lawrence, Topeka or Wichita city limits or Johnson County.

Kansas Housing first-time home buyer loan programs

Summary: The 2019 Kansas first-time home buyer program

The First Time Homebuyer Program is the sole offering of Kansas Housing, yet the benefits are robust:

• A forgivable loan for 15% to 20% of the home’s purchase price.
• Use the proceeds to reduce your closing costs or add to your down payment.
• An income chart provides qualification details.

You will want to contact a participating lender to help with the paperwork and walk you through the details. It’s a good idea to talk to more than one, because “credit overlays” — additional qualifying terms added by a lender — can vary.

For full details on the first-time home buyer program, visit the Kansas Housing website.

More from NerdWallet