Kansas Housing First-Time Homebuyer Program
The Kansas Housing Resources Corporation (KHRC) offers special mortgage loans as well as several down payment assistance options for buyers in the Sunflower State. Buyers can borrow 15% or 20% of the cost of the home as a silent second mortgage, without needing to make any monthly payments.
The loan is forgiven after 10 years, provided the borrower remains in residence and hasn’t sold, transferred, or refinanced their mortgage by the end of that period
If you move, sell, transfer ownership, or refinance within those 10 years, you still owe the portion of the loan that has not been forgiven.
Eligibility requirements include meeting income limits (annual income can’t exceed 80% of the area median income) and contributing at least 1% of the home’s purchase price from your own pocket.
Due to preexisting DPA programs, this one isn’t available in Topeka, Lawrence, Wichita, Kansas City, or Johnson County. Get more details at the KHRC website.