KHC $10,000 Down Payment Assistance Program for 2025

Kentucky Housing $10,000 Down Payment Assistance Help for Homebuyers 

If you're a first-time homebuyer in Kentucky, the Kentucky Housing Corporation (KHC) offers great options. They help make your dream of homeownership a reality. You can even buy your next home with no money down.

The KHC Down Payment Assistance (DPA) program can provide up to $10,000. This assistance helps with your down payment. It also covers closing costs and prepaid items. Here's everything you need to know to qualify and take advantage of these opportunities:




Home Buyer Eligibility:

  1. First-Time and Repeat Buyers: KHC helps both first-time and repeat home buyers throughout Kentucky.
  2. U.S. Citizenship: You must be a U.S. citizen or have legal status to live in the U.S.
  3. Income: Only income through the Secondary Market is considered for eligibility.
  4. Principal Residence: The property must be your principal residence. You cannot own any other residential property at the time of closing.
  5. Closing Assistance: Borrowers can qualify for the KHC Down Payment Assistance Program. They must meet both the income and purchase price limits.















Kentucky Housing Credit Standards:

To qualify for a KHC loan, there are specific credit and financial criteria:

  1. Credit Score: A minimum credit score of 620 is required for FHA, VA, and RHS loans, and a 660 minimum score is needed for Conventional loans.
  2. Debt Ratio: The maximum allowable debt ratio is 50%.
  3. Collections: In most cases, collections do not need to be paid off in full.
  4. Bankruptcies and Foreclosures: These must be discharged for at least two to seven years.
  5. Non-Taxable Income: Non-taxable income can be grossed up to help you meet the income requirements.


Property Eligibility:

  1. New and Existing Properties: Both new and existing properties are eligible for KHC loans.
  2. Manufactured Housing: Both new and existing manufactured homes are eligible, with the caveat that RHS loans only cover new construction manufactured housing.
  3. Purchase Price Limit: The purchase price limit is set at $510,939 for both Secondary Market and MRB Loans.
  4. Appraisal and Inspections: A full appraisal is required for all KHC loans. Additionally, VA loans are the only loan product requiring a termite inspection, and a termite soil treatment certificate is required for all new construction properties except for conventional loans.



What You Can Use the KHC Down Payment Assistance For:

  1. Down Payment: You can use the assistance to help cover your down payment when buying a home.
  2. Closing Costs: The program also helps pay for closing costs, which can be one of the most challenging parts of buying a home.
  3. Prepaid Items: KHC DPA can help with prepaids such as homeowner’s insurance or property taxes that may be due at closing.



Start Your Home Buying Journey Today!

If you're interested in using the KHC Down Payment Assistance Program for 2025, connect with a qualified lender. There are several benefits to using this program. These benefits include no money down options. There is assistance available for both new and repeat buyers. Don't let down payment challenges hold you back. Reach out today to get started on your path to homeownership with the support of the KHC.



1 - 📅 Email - kentuckyloan@gmail.com 
2.  📞 Call/Text - 502-905-3708

Joel Lobb
Mortgage Loan Officer - Expert on Kentucky Mortgage Loans


🌐 Website: www.mylouisvillekentuckymortgage.com
🏢 Address: 911 Barret Ave., Louisville, KY 40204

Evo Mortgage
Company NMLS# 1738461
Personal NMLS# 57916

For assistance with Kentucky mortgage loans, reach out via email, call, or text Joel Lobb directly.



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