Down Payment Grants for First-Time Homebuyers

Home Bank & Trust Co. has an impressive historical past proudly serving Kansans since the year 1904. For its first 85 years, the bank was firmly rooted in Eureka, Kansas, and later purchased Severy State Bank in 1989. By 1995, they expanded their customer reach to Sedgwick County and built a bank in Clearwater. By the year 2000, the first Wichita bank was opened, and Home Bank & Trust has been proudly serving customers throughout Wichita ever since.

With almost 120 years of banking and lending experience, Home Bank & Trust’s goal is to help our communities thrive by empowering individuals financially and by supporting organizations that make a difference in its five locations, including Wichita, Eureka, Clearwater and Severy.

A full-service bank offering customers personal and business banking, investments and lending options, Home Bank & Trust has held true to their belief that doing the right thing makes all the difference, and they currently offer mortgage and lending solutions that can make a difference in their customer’s lives. Through most of 2022, mortgage interest rates skyrocketed to percentages that home buyers have not experienced in years. There are indicators that a housing market correction is underway with mortgage rates starting to come down, and Home Bank & Trust is offering a new down payment assistance program designed expressly to help first-time homebuyers. Available March 6, Home Bank & Trust is offering first-time homebuyers up to $7,500 in grant funds for those who qualify for home purchases in both rural and urban areas. Funds may be used for down payment and closing costs assistance. To qualify, participants must:

• Be a first-time homebuyer, not owning a home within the past three years

• Not own or be an investor of another residence

• Meet income eligibility requirements

• Complete an online homebuyer education course

• Agree to retain the home for at least five years

• Program reservations accepted on a first come, first served basis

Home Bank & Trust Co. is a full-service lender, and mortgage options offered include:

• Conventional fixed-rate loans

• Adjustable-rate mortgages (ARM)

• Federal Housing Administration (FHA) loans

• Veterans Affairs (VA) loans

• Construction loans

• Refinances, cash-out or straight refinance

The National Association of Realtors predicts that the housing market has reached the bottom of low sales activity. With mortgage rates stabilizing near 6 percent, it appears the housing market will turn around and inventories will also improve this year. This is great news for individuals wanting to buy a new home and is a good time to call on Home Bank & Trust’s years of experience and expertise to help find the right mortgage for your next home purchase.

For more information about mortgage options, including information about the limited grant program offered by Home Bank & Trust Co., or for general information about personal and business banking, call Mai Schendel at 316.686.5000.

While our business is to help people make the most of their money, our passion is to enrich people’s lives, so they can enrich the lives of others.

Where To Find Them

Home Bank & Trust East 1409 N. Greenwich 316.686.5000 homebank-trust.com

Written by Randy Yeisley | Yeisley