First Time Homebuyer Program (FTHB)
Kansas Housing Resources Corporation’s First Time Homebuyer Program offers forgivable loans to help first-time buyers in Kansas with down payment and closing costs.
Funder: Kansas Housing Resources Corporation
Due Dates: Rolling (apply any time through a participating lender)
Funding Amounts: 0% interest forgivable loan covering up to 15% or 20% of home purchase price; forgiven after 10 years if occupancy requirements are met.
Summary: Assists first-time homebuyers in Kansas (outside major metros) with down payment and closing costs through a forgivable second mortgage loan.
Key Information: Not available in Johnson County or the city limits of Kansas City, Lawrence, Topeka, or Wichita.
Description
The First Time Homebuyer Program (FTHB), administered by the Kansas Housing Resources Corporation (KHRC), is designed to make homeownership more accessible for first-time buyers across Kansas. The program provides down payment and closing cost assistance through a 0% interest loan covering up to 15% or 20% of the home's purchase price. If the homebuyer remains in the home for ten years, the loan is fully forgiven. FTHB is federally funded via the HUD HOME Investment Partnerships Program and is delivered through a network of participating mortgage lenders rather than directly by KHRC.
