hey prescott.
See what you qualify for

HOMEownership 80 Program

City of Wichita Housing & Community Services Department · Wichita, Kansas

Last verified
See what you qualify forOfficial program site →
Assistance

20%

Of the purchase price, as the program sets it

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is HOMEownership 80 Program?

HOMEownership 80 Program is a forgivable loan for homebuyers in Wichita, Kansas, administered by City of Wichita Housing & Community Services Department.

  • The City of Wichita's HOMEownership 80 Program provides down payment and closing cost assistance to first-time homebuyers purchasing in the City's HOMEownership 80 Assistance Areas. The City is currently accepting applications only for newly constructed single-family homes built by its development partners. The assistance is a 0% interest deferred loan with no monthly payments, half forgiven after a retention period.
  • Down payment and closing cost assistance.
  • 0% interest.
  • No monthly payments.
  • Up to one-half of loan forgivable after retention period.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from Federal HUD HOME Investment Partnerships Program.

How much assistance does it provide?

HOMEownership 80 Program provides assistance worth 20% of the purchase price, as set by the program.

  • Amounts are the program's published maximums, not an offer — City of Wichita Housing & Community Services Department determines any individual award.

Do you have to pay it back?

HOMEownership 80 Program is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Sale or loss of owner-occupancy before retention period ends (5 yrs if loan <$15,000; 10 yrs if >$15,000); one-half forgiven after.
  • The assistance is recorded in second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

HOMEownership 80 Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • Assistance up to 20% of price plus $2,000 toward closing costs (capped at lender-required amount). Apply through a City HOME-funded development partner (Mennonite Housing, Residential Housing Solutions, Power CDC, Jakub's Ladder, Wichita Habitat, Hope CDC). Currently limited to newly constructed single-family homes in a HOMEownership 80 Assistance Area. Unconfirmed: min_credit_score, max_dti, eligible_products.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

HOMEownership 80 Program limits household income to 80% of the area median income, which varies by county and household size.

  • Household income within City's HOME 80 Federal Income Limits (<=80% AMI).
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

HOMEownership 80 Program can be used for Single-family.

  • New construction is eligible.

Where does it apply?

HOMEownership 80 Program is a federal program, so it is not limited to Kansas.

How do you apply?

Applications for HOMEownership 80 Program go through City of Wichita Housing & Community Services Department, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact City of Wichita Housing & Community Services Department to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

Other programs in Wichita, Kansas

See every program in Wichita, Kansas →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs