TOTO - Topeka Opportunity to Own

TOTO is intended to help Topeka residents become homeowners by providing education, financing and home rehabilitation.  A homebuyer counselor will assist you through the entire process.  If you are not eligible, we will let you know what needs to be done to become qualified.  Once your eligibility is confirmed you must attend homeowner classes before looking for a home.

Financing for the home purchase and repair will be provided by a participating lender and the City of Topeka.  The lender will provide the first mortgage loan.  The City will provide up to $20,000 for repair and purchase costs, or up to $30,000 for homes purchased in one of the four opportunity areas. 

• Purchase anywhere in the City of Topeka or in one of four opportunity areas.

• $500 for down payment

• Sales price cannot go over $65,000

• Cannot own real estate at time of closing.

• Credit that we can help clear up.

• Budget evaluation will determine affordability

• Attend 10 hours of homebuyer training classes before buying and a two-hour maintenance class

2012 HUD Median Annual Family Income Guidelines - 80% Area Median