KANSAS CITY, Mo. – If you have ever considered buying a home in Kansas City, now might be a good time. Wells Fargo is launching a new housing initiative, providing $15,000 down payment assistant grants to qualifying families and individuals.
The mortgage lender is teaming up with the city and the non-profit Westside Housing Organization to help about 300 families.
"Renting as well as buying can be almost synonymous in the amount of money that you're spending," said Gloria Ortiz-Fisher with Westside Housing Organization.
The down payment grant can be used towards any home in Jackson, Cass and Clay counties.
To qualify, homeowners cannot earn more than $64,000 and must live in the home for at least five years. The income limit for teachers, military members, veterans and first responders is higher.
This 2018 program follows one from 2014, which helped about 300 residents become homeowners.
Anyone interested is encouraged to attend a free presentation at the KC Convention Center.