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Home Loan Guarantee for Rural Kansas

The Home Loan Guarantee (HLG) for Rural Kansas helps existing and prospective homeowners in rural counties finance home loans for land and building purchases, renovations, or new construction costs. The initiative aims to close the appraisal gap in rural areas, where the cost of purchasing, renovating, or constructing a home often exceeds the property’s appraised value. HLG funds will be used to guarantee the portion of a loan above 80 percent and up to 125 percent of the home’s appraised value and must not exceed $100,000 per home. 

The Home Loan Guarantee for Rural Kansas serves financial institutions that serve existing and prospective homeowners in rural Kansas counties. Eligible financial institutions include banks, trust companies, savings banks, credit unions, savings and loan associations, or any other lending institution. The program is offered through the Kansas Housing Resources Corporation.

Rural counties are defined as those with populations under 10,000.

See examples and full program details at: https://kshousingcorp.org/homeowners/home-loan-guarantee-for-rural-kansas/

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