Buying A House In — Kansas

: Funds can be held in almost any type of account at a qualified financial institution, including Certificates of Deposit (CDs) , provided they are designated as a First-Time Home Buyer Savings Account on your tax return.

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

: You qualify as a first-time buyer if you have never owned a home or have not been listed on a property title for the past three consecutive years . : Funds can be held in almost any