Home Loan Guarantee for Rural Kansas (HLG)
Home Loan Guarantee for Rural Kansas (HLG) supports lenders and homeowners by guaranteeing part of loans for property purchases, renovations, and new construction to address rural housing financing gaps.
Funder: Kansas Housing Resources Corporation
Due Dates: Deadline not specified (contact KHRC to confirm availability)
Funding Amounts: Maximum $100,000 guarantee per loan; $2 million in program non-recourse guaranty
Summary: Supports rural Kansas housing finance by guaranteeing part of loans for property purchases, renovations, and new construction.
Key Information: Financial institutions participate on behalf of homeowners; this is a loan guarantee, not a direct consumer grant.
Description
The Home Loan Guarantee for Rural Kansas (HLG) is administered by Kansas Housing Resources Corporation (KHRC) under the Kansas Rural Home Loan Guarantee Act. It supports financial institutions working with existing and prospective homeowners in eligible rural Kansas counties. The program addresses financing gaps for land and building purchases, renovations, and new construction, covering costs that may be capitalized or financed through a home loan.
HLG guarantees a portion of financing above 80% of a home's appraised value, subject to appraisal-based limits and a per-loan cap. Rather than providing money directly to homebuyers, the program operates through financial institution partners. Homeowners and prospective buyers should work with a lender serving an eligible rural county.
