This program is offered by the Kansas Housing Resources Corporation, or KHRC.
As little as 15% or as much as 20% of the purchase price of the home is offered to applicants in the form of a loan that can then be used to help with the down payment and closing costs. This loan is forgivable over a certain period of time.
Only first-time homebuyers (those who have not owned a home in the previous three years) are eligible for this program. Further, applicants must fall within certain income limits. These depend on the location of the property and household size. Applicants must also be able to put down 2% of the purchase price from their own funds.
Other programs in Kansas:
- Kansas Housing Assistance Program
- Federal Home Loan Bank Down Payment Assistance Program
- Capitol Federal Closing Costs Assistance Program