Buying A House In Kansas ✯

: If the account balance remains under $50,000, interest and other investment income earned on the funds are exempt from Kansas state income tax.

: Eligible buyers can receive up to $40,000 in assistance as a 0% interest "soft second mortgage" that is entirely forgiven after 10 years of residency. buying a house in kansas

: The account must be established and funded for at least one year before you can make a qualified, tax-free withdrawal for home-buying expenses. Other Financial Features in Kansas : If the account balance remains under $50,000,