Home Loan Guarantee for Rural Kansas (HLG)
Home Loan Guarantee for Rural Kansas (HLG) supports lenders serving rural homeowners by guaranteeing loan gaps for purchases, renovation, and new construction to help finance rural housing.
Funder: Kansas Housing Resources Corporation
Due Dates: Contact program staff for the reservation process
Funding Amounts: Up to $100,000 per loan guarantee; $2 million in non-recourse guaranty authority
Summary: HLG supports rural Kansas housing financing by guaranteeing loan gaps for land and building purchases, renovation, and new construction.
Key Information: Financial institutions participate on behalf of existing and prospective homeowners; this is not a direct household cash grant.
Description
Home Loan Guarantee for Rural Kansas (HLG), administered by Kansas Housing Resources Corporation (KHRC), supports financial institutions serving existing and prospective homeowners in rural Kansas counties. It helps finance land and building purchases, renovation, and new construction costs that may be capitalized or financed. The program addresses the gap between financed housing costs and a home's appraised value by guaranteeing a portion of the loan.
HLG operates through non-recourse guaranty authorized by the Kansas Rural Home Loan Guarantee Act. Rather than paying households directly for purchase or construction work, the program provides a guarantee tied to rural home lending. KHRC administers housing programs through a network of partners and is not itself a direct provider of housing or services.
