Housing For All Community Loan Workshop - Feb 16.pdf
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Slide Deck for the different Community Loans, Down Payment Assistance to help all people buy a house in KCMO.
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Housing For All Community Loan Workshop - Feb 16.pdf
- 1. Franny Knight - Urban Cool KC Housing For All Community Loan Programs for Buyers
- 2. Workshop Guidelines Please Mute Your Mic Open The Chat Type 1 For Questions Welcome to Schedule a 30 Minute Consultation With Me at https://calendly.com/urbancoo lkc/introduction-buyer-s- meeting-clone
- 3. Extra Help Janna Fox CEO - ReScore (Credit Repair) w. https://rescoreyourlife.com/ o.1300 E 104th Street, Suite 250 Jason Etters Senior Mortgage Banker Flat Branch Home Loans 573.424.8817 jetters@fbhl.com Franny Knight franny@urbancoolkc.com 816-686-7499 1111 W. 39th Suite 303 KCMO 64111
- 5. NACA - Home Purchase
- 13. Missouri Housing Development Corporation MHDC
- 14. MHDC State Housing Finance Agency Offer first time home buyers an opportunity to own a home. What is Household Income Limits? Total gross annual income for all borrowers living in the home. Income includes: Purchase Price Limits The properties can be single family detached homes, 1/2 duplex, semi-detached, condos, townhomes, manufactured homes on a permanent foundation. Duplexes over 5 years old and 1/2 owner occupied. Have not had ownership interest in their primary residence last 3 years. Have qualifying credit - 600 Meet Income Limits Meet Purchase Limits Waived for Veterans Waived for Targeted Areas Wages Overtime Bonuses Commissions Child Support Alimony Earnings from a 2nd job Business Single Unit - $349,525 Single Targeted - $427, 198 Two Unit - $447, 552 Two Targeted - $546,995
- 15. MHDC
- 18. Community loan programs First Bank Home$tart Grant, Thrive Program Guild Mortgage 3, 2, 1, Home Plus pg. 7 UMB First-Time Homebuyer Grant & Assistance
- 19. Community loan programs First Bank Home$tart Grant, Thrive Program Guild Mortgage 3, 2, 1, Home Plus pg. 7 UMB First-Time Homebuyer Grant & Assistance
- 21. First Bank currently has some Home Buyer Assistance from FLHB. This is a grant up to $7,500 These funds can be used in conjunction with an FHA or a Conventional Home Loan. The program does have income limitations of 80% of the Area Income Limit, per person living in the household at the time of closings. First Bank has to submit the file to FHLB before closing for them to approve the file. Please allow at least 30 days for them to review the file.
- 24. Section 8 Purchase A current participant in the Housing Authority of Kansas City, Missouri’s Housing Choice Voucher Program. The head of household. Permanently employed 30 hours or more per week for a minimum of one year before enrolling in the Homeownership Program. Earning an income of $14,500 or more (exceptions are made for the elderly and persons with disabilities). Enrolled in the HAKC Family Self-Sufficiency Program. (FSS). Link Below. (exceptions are made for the elderly and persons with disabilities). Be in good standing with the Housing Authority of Kansas City, Missouri. 1. The program helps the voucher holders by paying part of their monthly mortgage payment. 2. This payment is paid by Housing Authority to the mortgage lender instead of to a landlord. 3. The voucher holder is responsible for a portion of the mortgage payment as well. 4. Help with Credit Recovery, financial education, case management, homeownership education, and help with lenders and realtors. (Similar to NACA) ELIGIBILITY & REQUIREMENTS
- 25. Buy a House in a Year Club - March 9th at 6pm
- 26. What's Next? Buy a House In a Year Club When: March 9th: 6-8pm Where: Urban Cool Training Center 1111 W. 39th Suite 303 Cost: Free Register: