Finances

Buying your first home doesn't always require a large down payment. Several First-Time Home Buyer Programs in Missouri offer grants, forgivable loans, second mortgages, and tax credits that can help qualified buyers reduce upfront costs and make homeownership more accessible.

The Kansas City metro real estate market held steady in May 2026 with the regional median sales price climbing 4.5% year-over-year to $345,000 while inventory tightened 6.9%. Platte County led with a 15.6% average price surge, and most counties remain under 3 months of supply — still firmly a seller's market.

Understanding the different Types of Home Loans can help buyers choose the financing option that best fits their budget and goals. FHA, USDA, and Conventional loans each have unique qualification requirements, down payment options, and benefits that buyers should understand before making an offer.