Kansas Down Payment Assisstance

Those looking to buy real estate might consider Kansas, one of the best states for low housing costs! Potential home buyers might also find further help from local and national programs that exist to offer down payment assistance and grants to qualified applicants. The Kansas Housing Resources Corporation is one organization that offers such programs.

If you're thinking about purchasing a home in Kansas, you may have options to help with the down payment or closing costs. Read below to learn more about any program and see if it can help with your home purchase!

Kansas Housing Assistance Program

This program is available due to the efforts and resources of Sedgwick and Shawnee Counties. Applicants can receive as much as 4% of the purchase price of their house to help cover the down payment and closing.

A minimum credit score of 660 is allowed, but those with credit scores between 640 and 659 have the option of accessing as much as 3%.

Only first-time homebuyers are eligible; however, this requirement is waived for those purchasing in a designated target area.

The 2020 annual household income limits are listed below:

  • 1-2 People Household Maximum Income:
  • Kansas City, Leavenworth, Wyandotte, Johnson, Linn & Miami - $72,800
  • Lawrence, Douglas - $74,700
  • All Other Areas - $66,700
  • 3+ Person Household Maximum Income:
  • Kansas City, Leavenworth, Wyandotte, Johnson, Linn & Miami - $83,720
  • Lawrence, Douglas - $85,905
  • All Other Areas - $76,705

KHRC First Time Homebuyer Program

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.

Federal Home Loan Bank Down Payment Assistance Program

The Community Housing of Wyandotte County (CHWC) offers the Federal Home Loan Bank DPA Program to qualified applicants. Through this program, individuals can receive as much as $8,000.

In order to qualify, an individual must fall within certain income limits and have a loan estimate from a lender. Income limits for 2020 are as follows:

  • 1 person household: $38,350
  • 2 person household: $43,850
  • 3 person household: $49,300
  • 4 person household: $54,800
  • 5 person household: $59,200
  • 6 person household: $63,550
  • 7 person household: $67,950
  • 8 person household: $72,350

Capitol Federal Closing Costs Assistance Program

The CHWC (Community Housing of Wyandotte County) offers the Capitol Federal Closing Costs Assistance Program to qualified applicants. This program is only for those purchasing property in a Low-Income Census Tract.

As much as $1,500 is offered as a grant to help pay for closing costs.

Applicants who are elderly (55+), physically or mentally disabled, recovering from physical abuse, recovered drug or alcohol addicts, or who have been diagnosed with HIV/AIDS, or who have a member of their household who fits one of these criteria, will be given priority.

Applicants must fall within the following total household annual income limits (as of 2020):

  • 1 person household: $38,350
  • 2 person household: $43,850
  • 3 person household: $49,300
  • 4 person household: $54,800
  • 5 person household: $59,200
  • 6 person household: $63,550
  • 7 person household: $67,950
  • 8 person household: $72,350

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