First Time Home Buyer (FTHB) Program

Program Description
This program is a collaborative effort between the City of Blue Springs and area mortgage lenders to bring home ownership within reach of low to moderate income families and individuals who are first time homebuyers by disbursing annual Community Development Block Grant Entitlement funds through the Department of Housing and Urban Development (HUD).  A description of the main components, the principal participants and their roles are shown below.

Public Participation
The City of Blue Springs provides funds not to exceed $3,000 for qualified individuals and families with an annual combined income at 80% or less than the median income adjusted for household size as determined by HUD for Jackson County (see income limits), to be disbursed as follows:
  1. Down Payment Assistance
    The City will fund 50% of any down payment up to $3,000 toward the purchase price of a home; and/or
  2. Closing Cost Assistance
    The City will fund reasonable closing costs normally associated with the purchase of the home (not to exceed $3,000); and/or
  3. Combination of 1 and 2
    Total not to exceed $3,000.
The grant amount is paid directly to the mortgage lender or the title company at closing.  Only qualified borrowers who are purchasing a residential housing unit within the corporate limits of Blue Springs to b used as the borrowers' primary residence are eligible for this program.  The applicant must have also completed an approved Homebuyer Education class.

Income Limits (as of May 2012)
Number of Persons in Household
Maximum Income
$51, 300
$56, 950
$61, 550
$70, 650
$75, 200

Applications will start being accepted on November 2013.