The Kansas City housing market is characterized by its affordability and diverse neighborhoods. The median home price is $245,000, making it an attractive destination for first-time homebuyers and families. The city's neighborhoods, such as Country Club Plaza and Brookside, offer a range of housing options, from luxury homes to more affordable starter homes.

The Kansas City housing market is also influenced by its proximity to the state line, with some areas having different property tax structures. Borrowers should research the specific tax rates and regulations in their desired neighborhoods to understand the overall costs of homeownership.

First-time homebuyers in Kansas City can take advantage of several programs designed to make homeownership more accessible. The Missouri Housing Development Commission (MHDC) offers programs such as the First-Time Homebuyer Program and the Down Payment Assistance Program. These programs provide low-interest loans and down payment assistance to eligible borrowers.

NMHL also offers specialized programs for first-time homebuyers, including low-down-payment options and competitive interest rates. Our team is knowledgeable about the local market and can help borrowers navigate the available programs to find the best fit for their needs.

At NMHL, we're committed to helping underserved borrowers in Kansas City achieve their homeownership goals. We offer mortgage options for borrowers with bad credit, self-employed individuals, and veterans. Our team will work with you to explore available programs and determine the best course of action for your situation.

• Bad credit mortgage options: We consider factors beyond credit scores, such as income and debt-to-income ratio, to provide more inclusive lending options.
• Self-employed mortgage options: We offer specialized programs for self-employed borrowers, including alternative income verification and flexible underwriting guidelines.
• Veteran mortgage options: We participate in VA loan programs and offer competitive interest rates and terms for eligible veterans.

Down payment assistance programs can help Kansas City borrowers overcome one of the biggest hurdles to homeownership: saving for a down payment. The Missouri Housing Development Commission (MHDC) offers down payment assistance programs, including the Down Payment Assistance Program. NMHL also offers down payment assistance options, including grants and low-interest loans, to eligible borrowers.

Our team can help you explore the available down payment assistance programs and determine the best fit for your needs. We can also guide you through the application process and help you get pre-approved for a mortgage.