First Time Homebuyer
- Home
- Homeowners
- First Time Homebuyer
Let us guide you on the path to homeownership!
Unsure how to begin homebuying process, or whether you are eligible for First Time Homebuyer down payment and closing cost assistance?
Provide our staff with some basic information and we will follow up with personalized guidance on your path to homeownership.
Case Study
Gabrielle and her children had fallen in love with the rental home they found through Interfaith Housing and Community services. With the goal of homeownership in mind, Gabrielle began working on developing a system to track her spending and build her credit. She was excited to enter the Individual Development Account (IDA) Program, which offered a 2:1 match of her savings toward the purchase of the home. Gabrielle saved steadily to reach the program’s maximum allowed savings of $3,000 in 15 months. The program doubled her savings, adding another $6,000 to her account. She continued to work diligently on her credit score, and with $9,000 in savings, she was mortgage ready. Gabrielle worked with a lender who had experience with KHRC’s First Time Homebuyer program, who helped her qualify for another $12,750.00. These programs worked in tandem to make it possible for Gabrielle and her family to purchase their rental home with a monthly mortgage payment that fit into Gabrielle’s target range.
Program Description
KHRC helps enable the dream of homeownership through offering first-time buyers assistance with down payment and closing costs. KHRC collaborates with a network of participating lenders across the state, allowing homebuyers to apply for a 0% interest loan in the amount of 15 or 20% of the home’s purchase price. If the homebuyer remains in the home for 10 years, the loan is forgiven! Homebuyers must make an investment of 1% but no more than 10% of the sale price from their own funds. This program can be paired with other homebuyer programs.
Learn more about our First Time Homebuyer programs.
Kansans Served
Kansans across the state who have a median income at or below 80% of their area, except for those purchasing in Johnson County, and the city limits of Kansas City, Lawrence, Topeka, and Wichita. These areas administer their own federal funds, which may or may not be used for homebuyer assistance.
Funding Source
Staff Contact
Marilyn Stanley
[email protected]
Single Family Program Manager
785-217-2044
Check Eligibility and Apply
Unsure how to begin the homebuying process, or whether you are eligible for First Time Homebuyer down payment and closing cost assistance?
Provide our staff with some basic information and we will follow up with personalized guidance on your path to homeownership.
Ready to purchase your first home? Find a lender serving your area here.
Need help with building your credit? Find a HUD Housing Counseling Agency serving your area here.
Looking for further homebuying assistance?
If you are a current KHRC First Time Homebuyer Program participating lender, update your lender profile and contact information here.
Lender Resources
Documents | Forms | Resources
- Program Summary
- 2023 HOME Max Purchase Limits
- 2024 HOME Program Income Limits
- Application and Funding Process Steps
- Housing Counseling and Education Information
- Training and Operations Manual
- Loan Payoff Request Form
- New Lender Forms
- Lender Home Buyer Application Forms
- Lender After Reservation Forms
- HUD Housing Counseling and Education Instructions
- Affidavit of Home Buyer – Ten Year Period
- Second Mortgage Forgiveness Notice 5 Years if under $15,000
- Second Mortgage Forgiveness Notice 10 Years if over $15,000
- Lead Based Paint Certification
- Affidavit of Home Seller
- Authorization for Drawdown of Funds
- Second Mortgage Promissory Note
- Second Mortgage
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