First Time Homebuyer

If down payment and closing costs are keeping you from purchasing a home of your own, the First Time Homebuyer Program may be able to help. Eligible borrowers can use the forgivable loan to greatly reduce the out-of-pocket expenses associated with buying a home.  For more than 20 years, The Mortgage Company has helped hundreds of people with the purchase of their first home.  Contact us today to learn more about our First Time Homebuyer Program.

Benefits of being a First-Time Home Buyer

Many programs are specifically designed for first time home buyers.  These programs allow qualified applicants different options in regard to down payment and closing costs.  We specialize in tailoring your home loan to fit your needs.

How do I know if I qualify?

Income-eligible households that have not owned a home in the past three years may apply for the First Time Homebuyer Program (FTHB). Review the income chart to see  if you may be income eligible. There are certain areas that are not eligible to participate in the program, so the program does not assist properties in the city limits of Topeka, Wichita, Lawrence, Kansas City, nor Johnson County.  Approved applicants will receive a soft loan that is forgiven over time.  The loan may range from 15 to 20 percent of the purchase price of the home, depending on your amount of income. Buyers are required to make a minimum investment of two percent of the sale price.  The Mortgage Company will process the FTHB paperwork along with the first mortgage loan and then applies to the FTHB program for you.

Get Pre-Approved

If you are a first time home buyer, or simply seeking a lower down payment in Salina, or anywhere in Kansas, contact The Mortgage Company at (785) 825-8100 for more information, or fill out the form on this page.