The State GAVE me a down payment

[Nathan Blumanhourst]

So here's the short story of my first deal. My wife and I walk into the realtors office and we look at some duplexes. My wife finds one she likes and we tell the Realtor we want to buy it. She gives us a business card for a local lender and tells us to try her. We hop online and put in an application and receive a call the next day. We show up at her office sign some papers, give our earnest money and next thing I know we are scheduling a time to close! Easiest deal I think I will ever do. We walk away from the closing table with $600 in our hand which buys some appliances for our new home/rental. At the time I was 19 and too naive to ask lots of questions but I became curious as to why we were able to walk away with cash from the closing table. I began to look through all of our paper work and I discovered that the state of Kansas paid a 4% down payment for us!!

It turns out that the State of Kansas has a Mortgage Assistance program where they will grant you up to 5% of a down payment and from what I can tell there is no time period for which you are required to live in the property. So to any newbies in the State of Kansas ask your lender, or go online to https://kshap.org/ and look for one!

Pretty sweet deal, eh?