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: Funds can be held in almost any type of account at a qualified financial institution, including Certificates of Deposit (CDs) , provided they are designated as a First-Time Home Buyer Savings Account on your tax return.
: Eligible buyers can receive up to $40,000 in assistance as a 0% interest "soft second mortgage" that is entirely forgiven after 10 years of residency.
: The account must be established and funded for at least one year before you can make a qualified, tax-free withdrawal for home-buying expenses. Other Financial Features in Kansas
: Funds can be held in almost any type of account at a qualified financial institution, including Certificates of Deposit (CDs) , provided they are designated as a First-Time Home Buyer Savings Account on your tax return.
: Eligible buyers can receive up to $40,000 in assistance as a 0% interest "soft second mortgage" that is entirely forgiven after 10 years of residency.
: The account must be established and funded for at least one year before you can make a qualified, tax-free withdrawal for home-buying expenses. Other Financial Features in Kansas