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KCMO Firefighters Loan Assistance Made Easy (FLAME)
Housing and Economic Development Financial Corp.

Program Overview

KCMO Firefighters Loan Assistance Made Easy (FLAME) is a provides loans for KCMO firefighters for with a below market rate loan or assistance with the down payment and/or closing costs. The program is available in Jackson County, Missouri.

Who is eligible for this program?

The borrower must be a KCMO firefighter. Must contribute the greater of $1,000 or 2% of the purchase price toward downpayment. The funds for this program must be used towards down payment, closing costs, or to rehabilitate the home. Maximum % of Sales Price: 20%% HUD Median Income Limits: 80 Is this program for first time buyers only? Yes

Property Eligibility Requirements

The maximum sales price for new construction is $140,000 and maximum sales price for an existing home is $120,000. The sales price cannot exceed $ 140,000. Allowable property types: Single Family Residence

Benefit Details

This program offers a below-market interest rate loan that is deferred for 5 years and then repayable over the remaining 25 years. The program allows the borrower to receive 20% of the purchase price, up to $20,000. Benefit: Below market rate mortgage loan or assistance with the down payment and/or closing costs. Loan Term: 30 years Homebuyer Counseling / Education Required: Yes Owner Occupancy Required: Yes

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.