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Affordable Home Loans and Down Payment Assistance
Mortgage programs designed with affordability in mind, for our Kansas City neighbors.
Let’s make homeownership possible.
nbkc's Community Home Loan Program is designed to help first-time or low-to-moderate income homebuyers achieve their dream of owning a home. We know that the path to homeownership is not a one size fits all. Therefore, we provide a variety of homeownership financing solutions and down payment assistance that can work for your income and credit history. Tell us your story. We will listen. And together, we will come up with a solution.
Special Financing Options and Down Payment Assistance
Saving for a down payment can be challenging. That’s why we offer down payment assistance options.
No Minimum Credit Score
Having a low credit score shouldn't stand in the way of homeownership. All loans do still remain subject to credit approval and underwriting requirements
Primary Residence
Our programs help ensure families have a stable and comfortable primary residence…a place to call home.
Community Home Loan Program Details
This home loan program is specifically for our neighbors in Kansas City as a part of the nbKC Local Program. Details are:
- $5,000 grant for down payment and/or closing costs
- No minimum credit score
- No minimum loan amount – Loan up to $250,000
- Owner-occupied, single family properties only
- Not limited to first-time home buyers
Who is the Community Home Loan Best For?
The Community Home Loan Program can be great for eligible applicants who are looking for first time home buyer programs, low income home loans, or home loan assistance. Some of our Kansas City neighbors who have realized their dream of owning a home through the program are:
- Teachers, healthcare workers, service-industry employees, and first responders
- Eligible home buyers from a variety of backgrounds and household situations
Homebuyers in areas like Johnson County, Jackson County, and Wyandotte County in the Kansas City metro area are welcome to apply. Eligibility for the affordable mortgage program will be determined during the application process.
Meet Aryn, Your Community Home Loan Program Lender
Aryn Peters is a lifelong Kansas Citian. She has a diverse background in education, real estate and community engagement. In her role, she focuses on promoting financial inclusion, with an emphasis on generating mortgages in historically underserved communities in the Kansas City area. Aryn earned her BA in Spanish from Truman State, M.Ed. from Rockhurst and Ed.S in Educational Leadership from Northwest Missouri State. Click here to learn more about Aryn.
We are a MHDC Lender
As a certified lender, we can help Missouri residents take advantage of a number of mortgage assistance programs available through the Missouri Housing Development Commission (MHDC). Some of the benefits include access to affordable interest rates as well as down payment and closing cost assistance.
Down Payment Assistance in Kansas City
Buying a home can feel out of reach—but it doesn’t have to be. nbkc bank offers access to down payment assistance programs that help eligible buyers cover part of their upfront costs. These programs can make homeownership more affordable, especially for first-time buyers and those in qualifying income brackets. Let’s explore what’s available and see if you qualify.
How Does Down Payment Assistance Work?
Getting down payment assistance is often easier than you might think. Here's how the process typically works:
- Connect with an nbkc Community Loan Officer — Your loan officer will review your homeownership goals, income, and eligibility to identify down payment assistance programs that may be available to you. We offer several options, and in some cases, programs can be combined to maximize the assistance you receive.
- We'll Help You Apply — Once eligible programs are identified, your loan officer will guide you through the application process and work directly with the down payment assistance provider on your behalf.
- Stay Informed Throughout the Process — Your loan officer will remain in communication with you, the assistance program, and other parties involved to help ensure everything stays on track for closing.
- Funds Are Provided at Closing — In most cases, down payment assistance funds are sent directly to the title company and applied toward your eligible home purchase costs at closing.
Let’s explore what’s available and see if you qualify.
Can You Get a Home Loan With Bad Credit?
Yes. While credit scores are important, they are only one part of the mortgage approval process. At nbkc bank, we offer a broad range of loan programs and understand that every borrower's situation is unique. In some cases, we can even approve mortgage loans without a traditional credit score by reviewing alternative forms of credit history.
If you've experienced credit challenges, don't assume homeownership is out of reach. Factors such as income, employment history, assets, down payment, and overall financial profile can all play a role in determining your options.
The best first step is simply having a conversation. Our loan officers can review your situation, explain available programs, and help you understand what opportunities may exist today, as well as any steps that could improve your options in the future.
No matter where you are in your homeownership journey, we're here to help you explore your options with confidence and without judgment.
FAQs About the Community Home Loan Program
Is the Community Home Loan Program just for first-time home buyers?
No. While the program is great for first-time home buyers, it is also a great fit for anyone who fits the eligibility criteria. Low-to-moderate income households can realize the dream of owning a home with the help of this program.
What is affordable housing?
Affordable housing typically refers to homes that cost no more than 30% of a household’s gross income. It can include subsidized housing, income-restricted properties, or homes offered at below-market rates. Our goal is to get people into a place that they can call home.
Who qualifies for affordable housing programs?
Eligibility usually depends on your household income and location. Many programs are aimed at low- to moderate-income households or first-time buyers.
How do I find affordable homes in my area?
Our loan officers are happy to talk with you. We can refer you to a local real estate agent. You can also check with local housing authorities or community development organizations that specialize in affordable home loan programs.
Will I qualify for an affordable housing home loan?
If you meet certain criteria, you may qualify for special financing.
What would my monthly mortgage payments be?
See our Rates Calculator to determine your monthly mortgage payments. https://www.nbkc.com/home-loans#rate-calculator
How much down payment is required for my affordable housing home loan?
Down payment requirements vary, but many affordable housing programs offer low or no down payment options—sometimes as little as 3% or even 0%.
What does my credit score need to be to qualify?
nbkc bank offers special home loan programs (both affordable housing mortgages with reduced rates and down payment assistance programs) that sometimes don’t require a minimum credit score. These programs are designed with flexible requirements. You can see the specific details on the special home loan programs above.
How do I apply for an affordable housing loan or program?
We are happy to help walk you through the process. Our loan officers are knowledgeable and will guide you each step of the way. You’ll typically need to submit proof of income, employment, and residency, along with a credit check.
How long does the process take?
It can vary depending on the program and availability of funding, but expect it to take several weeks to a few months.
