See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 21, 2026
Homebuyer Programs in Raymore, MO (2026)
Raymore is a fast-growing southern Kansas City metro suburb in Cass County, Missouri, with roughly 25,000 residents and a median home price around $390,000. Typical closing costs run $8,000 to $11,500. Raymore does not offer a city-funded down payment assistance program, but buyers here have strong options: the UMB Bank First-Time Homebuyer Program offers up to 5% in lender assistance (3% toward down payment plus a 2% closing cost credit) for qualifying borrowers in eligible census tracts, and MHDC First Place and Next Step each provide up to 4% of the loan amount as forgivable Cash Assistance Loan funds. Qualifying families may also apply to Habitat for Humanity Kansas City, whose service area includes Cass County. Current Housing Choice Voucher holders served by West Central Missouri Community Action Agency can convert their rental subsidy into a monthly homeownership subsidy. Combined with federal FHA, VA, and USDA loans, Raymore buyers can meaningfully reduce the cash they need at closing.
County Programs in Cass County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| WCMCAA Housing Choice Voucher Homeownership Program | Deferred Loan | Converts an existing Housing Choice Voucher (HCV) rental subsidy into a monthly homeownership subsidy that helps pay the borrower's mortgage and housing expenses. The dollar amount is based on WCMCAA's voucher payment standard and the household's income. Monthly assistance is generally available for 10 to 15 years, after which the family is responsible for the full mortgage payment. | Yes | View → |
- Type:
- Deferred Loan
- Amount:
- Converts an existing Housing Choice Voucher (HCV) rental subsidy into a monthly homeownership subsidy that helps pay the borrower's mortgage and housing expenses. The dollar amount is based on WCMCAA's voucher payment standard and the household's income. Monthly assistance is generally available for 10 to 15 years, after which the family is responsible for the full mortgage payment.
- First-time only:
- Yes
State Programs in Missouri
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| MHDC First Place Loan Program | Forgivable Loan | Up to 4% of the loan amount via the Cash Assistance Loan (CAL) for down payment and closing costs, paired with a below-market fixed-rate first mortgage (Conventional, FHA, VA, or USDA). | Yes | View → |
| MHDC Next Step Loan Program | Forgivable Loan | Up to 4% of the loan amount via the Cash Assistance Loan (CAL) for down payment and closing costs, paired with a fixed-rate first mortgage (Conventional, FHA, VA, or USDA). | No | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to 4% of the loan amount via the Cash Assistance Loan (CAL) for down payment and closing costs, paired with a below-market fixed-rate first mortgage (Conventional, FHA, VA, or USDA).
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to 4% of the loan amount via the Cash Assistance Loan (CAL) for down payment and closing costs, paired with a fixed-rate first mortgage (Conventional, FHA, VA, or USDA).
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Habitat for Humanity Kansas City Homebuyer Program | Zero-Interest Loan | Affordable home purchase through a zero-interest mortgage on a newly built or renovated Habitat home, sold at no profit. | No | View → |
| UMB First-Time Homebuyer Program | Grant | Up to 5% lender grant total: up to 3% of the purchase price for down payment, plus up to 2% lender credit applied to closing costs and prepaid items. | Yes | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home purchase through a zero-interest mortgage on a newly built or renovated Habitat home, sold at no profit.
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to 5% lender grant total: up to 3% of the purchase price for down payment, plus up to 2% lender credit applied to closing costs and prepaid items.
- First-time only:
- Yes
How to Apply
Check your eligibility. Most programs have income limits (typically 80% to 150% of Area Median Income for Cass County), credit score minimums of 620 to 660, and may require first-time homebuyer status.
Complete a HUD-approved homebuyer education course. Online courses through eHome America are widely accepted. HUD-approved counseling agencies in the Kansas City metro also offer in-person classes and one-on-one counseling.
Talk to a lender about UMB's First-Time Homebuyer Program. UMB can confirm whether your target property sits in an eligible census tract and quote the 5% lender grant. If your property is not UMB-eligible, ask an MHDC Certified Lender about First Place or Next Step.
For Habitat for Humanity Kansas City, begin at habitatkc.org to request an application. The process typically takes 12 to 18 months and includes one-on-one financial coaching and sweat equity hours.
If you currently hold a Housing Choice Voucher served by West Central Missouri Community Action Agency, contact their homeownership coordinator at 660-476-2185 to ask about converting to the Homeownership Voucher Program.
Find a home in Raymore within any applicable purchase price limits. Your lender and any program administrator will confirm the property is eligible.
Submit your mortgage application, complete homebuyer education if not already done, and close on your home. Assistance funds are typically delivered at closing.