There are more options than ever when it comes to purchasing a home with little or no cash. For most Americans, the biggest obstacle to homeownership is the idea that they need a large down payment, but this simply isn’t true. You don’t have to be a Veteran to enjoy the perks of 100% financing! A great option for many first time homebuyers or even seasoned homebuyers is the USDA home loan program which is similar to the VA loan in what it guarantees, but different in how it qualifies with income eligibility and property location. In and around the Kansas City Area there are a lot of properties labeled “rural” that are located within the city limits of some fantastic areas like Basehor, Bonner Springs and most of Leavenworth County (just to name a few). To see if the area you are interested in purchasing a home will qualify go to the USDA eligibility map.
Another great option for homebuyers is the Kansas Housing Assistance Program which offers down payment assistance for qualifying buyers. They have recently increased their eligibility requirements so you don’t have to be a first-time homebuyer and the income limits have gone up. Good news across the board!
Regardless of your current situation, there are better and more options available to start the journey to home ownership. Not sure what path is the right one for you? No problem! We have helped many families purchase a home with zero out-of-pocket and we would love to help you as well!