City of Lee's Summit First Time Homebuyer Program

City of Lee's Summit First Time Homebuyer Program is a grant for homebuyers in Lee's Summit, Missouri, administered by City of Lee's Summit, Development Services (CDBG). A collaboration between the City of Lee's Summit and area mortgage lenders that uses CDBG funds to provide first-time homebuyers a grant of up to $3,000 - covering up to 50% of the required down payment and/or closing costs - toward purchasing a home within the Lee's Summit city limits. Up to $3,000 grant (no repayment). Covers up to 50% of down payment plus closing costs. Paid directly at closing. Funding comes from HUD Community Development Block Grant (CDBG) Entitlement funds.

City of Lee's Summit First Time Homebuyer Program offers up to $3,000 in assistance. Award tiers: Funds 50% of any down payment up to $3,000 and/or closing-cost assistance, combined total not to exceed $3,000. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — City of Lee's Summit, Development Services (CDBG) determines any individual award.

City of Lee's Summit First Time Homebuyer Program is structured as a grant, so it is not repaid. Repayment is triggered by Grant - no repayment; paid directly to the mortgage lender or title company at closing. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Lee's Summit First Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Must not have owned a home in the past three years. STATUS CAUTION: The City's current CDBG page states 'CDBG funding is not eligible for individuals' and lists only nonprofit subrecipients; the direct-to-buyer First Time Homebuyer grant is still described by the Lee's Summit Human Services Advisory Board but may have been restructured/discontinued. Verify current availability by calling (816) 969-1200 before referring buyers.

City of Lee's Summit First Time Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. Low-to-moderate income; Kansas City MO-KS HUD Metro FY2025 80% limit for 4-person household is $89,100. Confirm current program limits with the City. 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.

City of Lee's Summit First Time Homebuyer Program can be used for Single Family.

City of Lee's Summit First Time Homebuyer Program serves homebuyers purchasing in Lee's Summit, Missouri.

Applications for City of Lee's Summit First Time Homebuyer Program go through City of Lee's Summit, Development Services (CDBG), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.