Are there any mortgage programs for first-time homebuyers?

Yes, there are mortgage programs available for first-time homebuyers in Kansas. The Kansas Housing Assistance Program (KHAP) provides down payment assistance to low-to-moderate income borrowers who are looking to purchase their first home. The program offers mortgages through approved lenders, and recipients are eligible for both fixed and adjustable rate products. The Kansas Housing Resource Corporation (KHRC) also offers a variety of mortgage programs for first-time homebuyers. The KHRC offers programs such as the First-Time Homebuyers Program and the Home Again Program, which helps borrowers needing additional assistance to purchase a home. Both of these programs allow for down payment assistance and provide educational resources for borrowers. The Federal Housing Administration (FHA) also provides mortgage programs for first-time homebuyers. FHA loans are especially attractive for borrowers who have lower credit scores or who are making a smaller down payment. FHA loans typically have lower closing costs and down payments than conventional loans. They also offer the potential for lower monthly payments for some borrowers. No matter which program you choose, make sure to do your research and make sure the loan product is the right fit for your individual situation. A lender or mortgage broker can help you find the best rate and terms for your situation.

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Are there any mortgage programs for first-time homebuyers?

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