First-Time Home Buyer Assistance…Available in Kansas

If you’ve considered owning a home, but didn’t think you’d qualify…don’t assume you need a large down payment and ‘perfect’ credit to purchase a home. Many first-time home buyers assume they have to have a 15-20% down payment to purchase a home. This simply isn’t true!

According to The National Association of Realtors, is the average first-time home buyer puts down just 6%. However, first-time home buyers in Kansas are actually eligible for programs which require little to no down payment. One specific program pays up to 5% of the purchase price to help cover your down payment and/or closing costs. That means you can purchase a home with little or no money down! Here are the details for just this one program (there are others too!):

Program Benefits

5% Borrower Cash Assistance for down payment and closing costs
30-year fixed rate mortgage loans – Conventional, FHA, VA and USDA Rural Development Loans

Qualifications

To qualify for the Kansas Housing Assistance Program you must:
Minimum credit score of 640 for Conventional, VA, and USDA. 660 for FHA.
Be a first-time homebuyer – have not owned a home in the past three years, unless the home to be purchased is in a Qualified Targeted Area Census Tract
Meet the income and purchase price limit – see below

Maximum Household Income Limits

1-2 Person Household: $74,800 (Leavenworth, Wyandotte, Johnson, Linn & Miami)
3+ Person: $86,020 (Leavenworth, Wyandotte, Johnson, Linn & Miami)

Eligible Property Types:

Single family detached homes
Duplex (provided one unit owner occupied)
Condominiums
Townhomes

Maximum Purchase Price Limits

$265,609 (Leavenworth, Wyandotte, Johnson, Linn & Miami)

Curious if this program is right for you? Let’s discuss! I’ve helped others take advantage of this awesome program. And don’t forget to ask me about the benefits of making your first home a duplex or other multi-unit property (let your tenants help pay your mortgage)!

Justin Rollheiser – REALTOR®

Keller Williams Realty | Diamond Partners, Inc.
13671 S Mur-Len Rd | Olathe, KS 66062
Direct 913-800-7653
Office 913-322-5878

www.JustinRollheiser.com

Would you like to get started? Just have a question or two? Contact me and we’ll review your options: