Kansas Housing Assistance Program
4% Cash Assistance
Start Date: January 27, 2014
Sedgwick County and Shawnee County have a new STATEWIDE program for First Time Home Buyers.
It has been more than five years since they have offered this type of mortgage loan program.
It has been more than five years since they have offered this type of mortgage loan program.
Program Benefits
Kansas Housing Assistance Program offers:
4% Borrower Cash Assistance for down payment and closing costs
30-year fixed rate high loan-to-value mortgage loans - FHA, VA and USDA Rural Development Loans
Qualifications
To qualify for the Kansas Housing Assistance Program you must:
Have qualifying credit – minimum credit score of 640
Be a first-time home buyer – 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 income and purchase price limit - see below
Properties can be single family detached homes, duplex (provided one unit owner occupied), semi-detached homes, condominiums, townhomes, or qualified manufactured homes on a permanent foundation
Home Buyer Income Limits
Non-Target Area
Kansas City MSA - $69,900
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $67,300
(Douglas)
Wichita MSA - $65,900
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $64,400
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $67,300
(Douglas)
Wichita MSA - $65,900
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $64,400
Kansas City MSA - $80,385
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $77,395
(Douglas)
Wichita MSA - $75,785
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $74,060
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $77,395
(Douglas)
Wichita MSA - $75,785
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $74,060
New and Existing Homes Statewide
$250,200
Home Buyer Income Limits
Target Area
Kansas City MSA - $83,880
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $80,760
(Douglas)
Wichita MSA - $79,080
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $77,280
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $80,760
(Douglas)
Wichita MSA - $79,080
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $77,280
Kansas City MSA - $97,860
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $94,220
(Douglas)
Wichita MSA - $92,260
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $90,160
(Leavenworth, Wyandotte, Johnson, Linn & Miami)
Lawrence MSA - $94,220
(Douglas)
Wichita MSA - $92,260
(Sedgewick, Butler, Harvey & Summer)
All Other Areas - $90,160
New and Existing Homes Statewide
$305,800
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