Kansas DPA Program Highlights

KansasDPA | At-A-Glance

KansasDPA | At-A-Glance

AVAILABLE PROGRAMS KansasDPA Program
ELLIGIBLE AREA Eligible Areas
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits.
TIMELINE REQUIREMENTS 70 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co- Signor
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings [ Business Days 9:00am – 4:00pm CT ]

KansasDPA | Rates & Offerings

GOVERNMENT

Kansas DPA Program


FHA, VA, USDA-RD


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income limits
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase
  • 1003 Credit qualifying income
  • Assistance offered as a non-repayable GRANT
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: We will link to the eligible areas on the web page
Offering FICO DPA Lock Rate
FHA, USDA, VA 640 0% 6.625%
FHA, USDA, VA 640 2% 7.750%
FHA, USDA, VA 640 3% n/a
FHA, USDA, VA 640 4% n/a
FHA, USDA, VA 640 5% n/a
CONVENTIONAL – FREDDIE MAC HFA ADVANTAGE

Kansas DPA Program


Freddie Mac HFA Advantage


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income Limits (Borrower’s with income at or below 80% AMI, as determined by Freddie Mac, receive reduced mortgage insurance)
  • No Purchase price limits (Use Agency loan limits)
  • 70 calendar days from loan reservation to loan purchase
  • 1003 Credit qualifying income
  • Assistance offered as a non-repayable GRANT
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: We will link to the eligible areas on the web page
Offering FICO DPA Lock Rate
Freddie Mac <= 80% AMI 640 0% 6.875%
2% 7.875%
3% n/a
4% n/a
Freddie Mac OVER 80% AMI 640 2% 8.375%
640 3% n/a