Kentucky First Time Home Buyer Down Payment Assistance thru Kentucky Housing up to $15,000 Dap Available.

Interest Rates

*** $15,000 Neighborhood DAP available from loan fallout ***

**** MRB Special Funding **** Limited Availability -- Monies Still Available  Interest Rate:  2.50% without Down Payment Assistance                        3.00% with Down Payment Assistance  $35,000 Household Income Limit First time home buyer, unless property located in targeted county Existing or new construction property -- purchase price limit $115,000  Regular and Affordable DAP available FHA, VA or RHS first mortgage programs through MRB Funding 640 credit score Borrower must demonstrate a need for the special funding.  The borrower's housing ratio must be at a minimum of 25% Maximum ratios of 40/45% with AUS approval

Secondary Market Interest Rates -- 45-Day Lock  

Loan Type	Rate without Down Payment Assistance	Rate with Down Payment Assistance
FHA, VA & RHS  640 credit score AUS approval Purchases & Refinances	4.000%	4.500%
Conventional  680 credit score No MI required LTV 80.01% -97.00% *DU AUS approval  Purchases	5.125%	5.375%

Mortgage Revenue Bond Interest Rates -- 45-Day Lock

Loan Type	Rate without Down Payment Assistance	Rate with Down Payment Assistance
FHA, VA & RHS  640 credit score AUS approval Purchases	4.000%	4.500%
Conventional  680 credit score No MI required LTV 80.01% -97.00% *DU AUS approval  Purchases	5.125%	5.375%

 * Run through DU for Approve/Eligible BEFORE reserving with KHC.  Select HFA Preferred Risk Sharing program located on Additional Data Screen.  

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
kentuckyloan@gmail.com
http://www.mylouisvillekentuckymortgage.com/