Down payment assistance
You may be eligible for up to $15,000 in down payment assistance for your first home in the Kansas City metro area.
Program details
First Federal Bank of Kansas City is passionate about providing assistance to first-time homebuyers in the Kansas City metro area. Qualifying homebuyers purchasing a home to be their primary residence can access up to $15,000 in assistance that can be used to help cover down payment and closing costs for your first home. Funding for this program is provided through grant resources from the Federal Home Loan Bank (FHLB).
Am I eligible?
Helping first-time homebuyers in our community is what we do. We’d love to help you too! To be eligible for down payment assistance through First Federal Bank of Kansas City's partnership with the FHLB grant, you must meet the following criteria:
- Must be a first-time homebuyer
- Credit score of above 620
- At least 2 years of work history
- Must buy in our assessment area
- KS: Johnson or Wyandotte county
- MO: Cass, Clay, Jackson, or Platte county
- Must meet income limits up to 80% Area Median Income (AMI):
- 1 person in household: $62,400
- 2 people: $71,300
- 3 people: $80,200
- 4 people: $89,100
- 5 people: $96,250
- Homebuyer certificate is required. To obtain a homebuyer certificate, take a HUD certified class or the free online course by Fannie Mae.
- Homebuyer assistance is subject to loan approval
Contact us to get started
We're here to help you along the path to homeownership. Contact us today.
Frequently Asked Questions
Who qualifies as a first-time homebuyer?
Generally, a first-time homebuyer is someone who has not owned a home in the past three years, though additional eligibility criteria may apply.
How much assistance can I receive?
Qualified applicants may receive up to $15,000 to help cover down payment and closing costs.
Can the funds be used for anything besides down payment and closing costs?
No, assistance funds are typically limited to eligible home purchase expenses such as down payment and closing costs.
Is this program limited to certain areas?
Yes, the program is available to eligible homebuyers purchasing a primary residence within the following counties:
- KS: Johnson or Wyandotte county
- MO: Cass, Clay, Jackson, or Platte county
Do I need to repay the assistance?
Repayment requirements may vary depending on program guidelines, so it’s best to speak with a loan officer for specific details. Contact us with any questions!
How do I apply?
Start by contacting our team to determine eligibility and begin the application process.
