Have you been thinking of buying a home but thought you couldn't afford to? Do you have good enough credit to get a loan, but no money for a downpayment or closing costs? The State of Kansas has a new program that may be for you!
Through the Kansas Housing Assistance Program, first time home buyers can now receive 4% of the purchase price in the form of a grant for their downpayment. The loans will be a government loan such as FHA, VA, or USDA Rural Development. There are income guidelines and the maximum purchase price is $250,200. These grants do not have a re-capture, and the program is ongoing for now.
This program for example when coupled with a USDA loan can allow you to to buy a home with no money down, use the 4% to reduce the principal balance of the loan, and have your closing costs paid for by seller contributions! These loans are perfect for Lawrence Kansas Homes, Eudora Kansas Homes, Desoto Kansas Homes, Baldwin City Kansas Homes, Perry Kansas Homes, McLouth Kansas Homes, Oskaloosa Kansas Homes.
This has created a great opportunity for first time home buyers in Kansas! If you have been renting, or even considered buying your first home, now is definitely a great time to schedule a consultation and let The Abram Team get you in touch with one of the qualified lenders for this program. Our buyer specialists can show you homes that qualify for these loans, and help you realize your dream of home ownership! Call us today at 785-371-4488.
Courtesy Of:
Darren & Brandi Abram | The Abram Team | Keller Williams Realty Diamond Partners, inc.
Comments(3)