If down payment and closing costs are keeping you from purchasing a home of your own, the First Time Homebuyer Program may be able to help. Eligible borrowers can use the forgivable loan to greatly reduce the out-of-pocket expenses associated with buying a home.

Income-eligible households that have not owned a home in the past three years may apply for the First Time Homebuyer Program (FTHB). Review the income chart to see  if you may be income eligible. There are certain areas that are not eligible to participate in the program, so the program does not assist properties in the city limits of Topeka, Wichita, Lawrence, Kansas City, nor Johnson County.  Approved applicants will receive a soft loan that is forgiven over time.  The loan may range from 15 to 20 percent of the purchase price of the home, depending on your amount of income. Buyers are required to make a minimum investment of two percent of the sale price.  Participating lenders process the FTHB paperwork along with the first mortgage loan and then applies to the FTHB program for you.

Interested applicants may apply directly to a participating lender.  Participating lenders assist applicants in completing the required paperwork to apply for the program.  Applications are currently being accepted, through a participating lender.