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KansasDPA Bond Program

Statewide, Kansas

Last verified
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Assistance

5%

Of the purchase price, as the program sets it

Income limit

$144,340

The household income limit the program publishes

Price cap

$1.2M

Highest purchase price the program allows

Repayment

Grant

Not repaid

What is KansasDPA Bond Program?

KansasDPA Bond Program is a grant for homebuyers in Statewide, Kansas.

  • KansasDPA Bond Program is a tax-exempt MRB-funded first-mortgage program offering a 30-year fixed-rate first mortgage paired with a non-repayable grant equal to 5% of the loan amount. Designed primarily for first-time homebuyers; FTHB rule waived in federally targeted census tracts and for qualifying veterans. 640/660/680 FICO tiers; bond income/purchase-price caps apply. Statewide via KansasDPA participating lender network.
  • KansasDPA Bond Program provides a non-repayable grant of up to 5% of the first-mortgage note amount, applicable to down payment, closing costs, prepaids, or principal reduction. The grant is tied to a 30-year fixed-rate first mortgage funded with proceeds from tax-exempt private-activity (Mortgage Revenue Bond / MRB) bonds. Because bond proceeds enable below-conventional pricing, the program structure delivers a higher relative DPA percentage (5%) than the parallel TBA-funded KansasDPA Program. There is no second lien, no second note, no deed restriction, and no recapture of the assistance unless fraud is found at origination.
  • Funding comes from State and Bond.

How much assistance does it provide?

KansasDPA Bond Program provides assistance worth 5% of the purchase price, as set by the program.

  • Buyer contribution: No KansasDPA-imposed borrower contribution beyond first-mortgage product overlays; standard FHA/VA/USDA minimum required investment applies.
  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

KansasDPA Bond Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by None - true grant and no repayment unless fraud at origination.
  • The assistance is recorded in 1st Lien (DPA is grant - no separate lien) position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

KansasDPA Bond 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 — with exceptions: FTHB requirement waived in IRS-designated targeted census tracts and for qualifying veterans (per federal MRB rules)
  • The home is occupied as a primary residence
  • On credit: 640 minimum FICO; 660 unlocks expanded DTI options; 680 required for some product/DTI combinations
  • A completed homebuyer education course, through Homebuyer education required - HUD-approved counseling agencies, Framework, or eHome America online; certificate of completion must be in file before closing for first-time homebuyer borrowers.
  • Residency: Property must be located in Kansas in an eligible bond-coverage area and used as borrower's primary residence
  • Citizenship or immigration status: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays
  • First-time homebuyer required (3-year look-back) except in federally designated targeted census tracts and for qualifying veterans. Minimum 640 FICO (660/680 tiers offer expanded DTI/pricing options). Maximum 50% DTI (per loan-product overlays; 45% at lowest FICO tier). Owner-occupied primary residence. Household income at or below MRB limit ($114,360-$144,340 by HH size and area). Purchase price at or below MRB limit (top tier ~$1,201,129 in targeted areas, ~$624,481 non-targeted). Federal MRB recapture tax may apply on sale within 9 years. Must use KansasDPA-approved Participating Lender; loan must be reserved through eHousingPlus reservation portal.

The program excludes

  • Purchases above the $1.2M price cap
  • Households above $144,340

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?

KansasDPA Bond Program limits household income to $144,340.

  • The limit applies to total household income, not only the borrower’s.
  • 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?

KansasDPA Bond Program caps the purchase price at $1.2M.

  • Eligible property types include Single-family detached, condominium, townhouse, PUD, 2-unit (1 unit owner-occupied), manufactured home on permanent foundation (per overlays).
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

KansasDPA Bond Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

KansasDPA Bond Program serves buyers purchasing in Statewide, Kansas.

  • The program targets specific areas: Federally designated targeted census tracts (per IRS) where the FTHB requirement is waived and income / purchase-price limits are higher.

How do you apply?

Applications for KansasDPA Bond Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Homebuyer education required - HUD-approved counseling agencies, Framework, or eHome America online; certificate of completion must be in file before closing for first-time homebuyer borrowers..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Loan reservation through eHousingPlus Online Lender Portal at time of rate lock; subject to bond funding availability. 70 calendar days from loan reservation to loan purchase., 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.

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