The real estate market in Johnson County Kansas has been on the rebound for about 3 years now but many would be buyers have been squeezed out of the market
one major reason. That reason being a lack of a down payment and/or closing costs.
If you are like many first time buyers,
you have enough income and a high enough credit score to qualify for a home loan, it is just that pesky down payment that stands between you and that first home.
Well we have good news for you, there are 3 programs that you can use right now to purchase a home
a down payment or closing costs.
Kansas Down Payment Fund:
The Kansas Downpayment Assistance program provides up to 5% of the homes purchase price towards your down payment and closing costs.
This program allows you to purchase a single family home, condo, townhouse or a Duplex (as
long as you live in 1 side). This program works with FHA and VA and does not require perfect credit to qualify.
Local Bank 0% Down Loans:
There are now several local lenders who are offering loans that do not require a down payment.
These loans generally require a little higher credit score but are a great opportunity to purchase that first home without a down payment if you
USDA Rural Development Loan Program:
USDA Rural Development loan program is one of the most underused programs out there. This program provides loans without a down payment
the Johnson County cities of Gardner, Spring Hill and DeSoto. The loans are government backed and allow for less than perfect credit.
If saving for a down payment has been holding you back from buying that first home, give us an opportunity to get you qualified for one of the above programs.
You can Call 913-266-5828 now
to start the qualification process or fill out the form on the right and we will contact you
to get the process started.