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Neighborhood Stabilization Program
Neighborhood Housing Services of Kansas City

Program Overview

Neighborhood Stabilization Program is a program providing funds to be used for down payment and closing cost assistance for qualified buyers purchasing foreclosed property, HUD or Bank owned, for owner occupied use. Short Sales do not qualify. depending on the agency distributing funds, location may be limited

Who is eligible for this program?

Income limit is 120% of area median income for household size as defined by Hud Borrower must complete 8 hours of homeownership education Funds to be used for down payment and closing costs Maximum % of Sales Price: 20% Is this program for first time buyers only? No

Property Eligibility Requirements

Property location in the state of Missouri specified by distributing agency The sales price cannot exceed $ $258,690 for a single family dwelling. Allowable property types: single family, condo, townhome, one unit of duplex

Benefit Details

Assistance is 20% of purchase price up to $14,999 Benefit: Borrower may also qualify for the $8000 federal tax credit. Loan Term: 5 years Homebuyer Counseling / Education Required: Y Owner Occupancy Required: Yes Other Program Comments: Purchase price must be discounted 1% from the current appraised value

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.