Kansas Moderate Income Housing (MIH) Program Checklist
A step-by-step checklist for homebuyers applying for the Kansas Moderate Income Housing (MIH) Program in 2025.
Verify Your Eligibility
- Ensure your household income is within the program's moderate-income limits, which vary depending on family size and location.
- Confirm your credit score meets the minimum requirement for the program, typically 640 or higher, though specific criteria may vary as determined by your assigned Loan Officer.
- Verify that the property you intend to purchase is within the program’s price cap and is located in an eligible area.
- Review additional requirements, such as purchasing a single-family home intended to be your primary residence.
Prepare Required Documentation
- Collect proof of income, including recent pay stubs, W-2 forms, or other income documentation for all household earners.
- Provide copies of your federal tax returns for the last two years, including all schedules and relevant attachments.
- Gather bank statements from the past two to three months for all financial accounts.
- Prepare property details, such as the address, signed purchase agreement, and estimated sale price.
- Include any additional documents requested by your Loan Officer, such as proof of assets or outstanding liabilities.
Coordinate with Your Assigned Loan Officer
- A Loan Officer will be assigned to assist you with your application for the Kansas Moderate Income Housing (MIH) Program.
- Schedule a meeting or call with your Loan Officer to review the program’s eligibility requirements and documentation needs.
- Ask any questions about the program's benefits, application steps, or required materials.
- Work with your Loan Officer to organize and submit all required documentation efficiently.
Complete Your Application
- Collaborate with your Loan Officer to finalize your application for the MIH Program.
- Submit all necessary documents to establish your eligibility for moderate-income housing assistance.
- Review your application with your Loan Officer to confirm accuracy and completeness before submission.
- Complete any required homebuyer education courses to meet the program’s prerequisites.
Finalize Your Enrollment
- Sign all necessary agreements and paperwork provided by your Loan Officer to confirm your participation in the MIH Program.
- Plan for any costs not covered by the program, including closing fees or other prepaid expenses.
- Receive confirmation of your enrollment and details about how the assistance will be applied to your home purchase.
Maintain Program Compliance
- Ensure the purchased property remains your primary residence for the duration specified by the program.
- Notify your Loan Officer if you plan to sell, refinance, or make changes to your mortgage, as this may affect your program benefits.
- Stay up-to-date with any program changes or requirements to maintain compliance and retain your assistance benefits.