Overland Park KS Homes for sale & Johnson County Real Estate Blog: Kansas Housing Assistance Program, 4% towards buying a home

Kansas Housing Assistance Program, 4% towards buying a home

***** For Immediate Release *****

Great News for Home buyers in Johnson County Kansas

After a 5 year hiatus the Shawnee and Sedwick Bond Fund will be available for First Time Buyers in Johnson County Kansas. The program will provide up to 4% of the homes purchase price towards your down payment and closing cost and will be renamed the Kansas Housing Assistance 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
Johnson County

Per Household

1-2 people $69,900

3 or more people $80,385

 

 

Purchase Price Limit

Johnson County

$250,200

 

This program only has a limited amount of funds, so contact the Russell Home Team today at 913-266-5828  

 

 

 Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...

Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com  or www.SearchjocoHomes.com

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Comment balloon 0 commentsMike Russell • January 22 2014 09:13AM

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