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First Time Home Buyers Program
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Applications are received September 1 and March 1 annually. |
Program
web site |
http://www.kshousingcorp.org/programs/fthb.shtml
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| Sponsor |
Kansas Housing Resources Corporation |
| Deadlines |
Applications accepted on an ongoing basis |
| Purpose |
The First Time Homebuyers Program (FTHB) provides down payment assistance to qualified Kansas buyers for the purchase of their first home. The program is for persons who have incomes at or below 80 percent of the median income for their area. The loan may be from 15 to 20 percent of the purchase price of the home, awarded on a sliding scale, depending on the applicant's income level. Buyers are expected to make a minimum investment of $500 or two percent of the sale price, whichever is greater. Private lenders process the second mortgages in conjunction with the first mortgage financing. Loans are made in two funding rounds annually. |
| Eligibility |
Income-eligible, first time homebuyers planning to reside outside the following Kansas entitlement areas: Topeka, Wichita, Lawrence, Kansas City, or Johnson County. |
Geographic
coverage |
Kansas |
Amount of
funding |
Amounts vary. |
Application
process |
Applications are received September 1 and March 1 annually. |
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For more information contact:
Christine Reimler
Homeownership Director
611 S. Kansas Avenue, Suite 300
Topeka, Kansas 66603-3803
Phone: (785) 296-4818
Fax: (785) 291-3215
E-mail: creimler@kshousingcorp.org Summaries of funding programs are provided by RAC for your convenience. Please contact the funder directly for the most complete and current information. |
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