Eligibility requirements include:

• Property to be purchased is located within the corporate limits of Roeland Park, Kansas.
• Applicant(s) is a first-time homebuyer as described in the Down Payment Assistance Initiative.
• Applicant(s) is a citizen of the United States or is an individual with lawful permanent alien status established by current documentation from the U.S. Immigration Service.
• The household income of the applicant(s), as determined by HUD regulations in effect at the time of the application, does not exceed 80% of the adjusted median income for the number of persons in the household at the time of application for either the first or second mortgage loan as determined for, and periodically revised for, the Kansas City, Missouri / Kansas metropolitan area by HUD.
• Each applicant is willing to accept a second mortgage loan in which the applicant(s) will reside as their primary residence for the next three years.
• Each applicant is willing to accept a second mortgage loan in amount of not more than $10,000.00, to be applied toward down payment for purchase of home, which loan is to be secured by the real property to be purchased. The loan will be forgiven after three years if the applicant completes the program requirements.
• Each applicant is willing to execute a loan agreement and/or promissory note with the RPK as the lender and a deed of trust with the RPK as the beneficiary and the real property to be purchased as the security.
• That the structure to be purchased is either a single-family residential structure, one-half of a duplex, a townhouse, or a condominium unit.
• The residential structure is not located within the boundaries of a 100-year Special Flood Hazard Area.
• The purchase price of the parcel of real property is not greater than its fair market value as determined by a certified appraiser within three (3) months of the date of the application for the loan.
• The first loan, or the loan to which the loan originated under this Contract is to be subordinated, is a purchase money home loan and no other type of loan, such as a loan made to refinance or replace an existing home purchase loan or a loan to consolidate bill payments.
• The first loan, or the loan to which the loan originated under this Contract is to be subordinated, is an FHA, VA, or conventional loan with a fixed rate up to a 30-year term.

Eligibility requirements include:

• The applicant must meet the income guidelines adopted by HUD for low/moderate households
• The applicant must be the homeowner and occupy the residence as their primary residence.
• The applicant must have lived in the house for one year before an application can be submitted.
• Prior assistance from HFHKC on property disqualifies the applicant from receiving further funds for five years.
• The property and type of repair must meet program guidelines as outlined in this agreement.
• Applicants must be willing to complete at least 10 hours of sweat equity.