Showing posts with label $2. Show all posts
Showing posts with label $2. Show all posts

Kentucky Housing Corporation (KHC) has reintroduced its $2,000 Closing Cost Grant,

 The Kentucky Housing Corporation (KHC) has reintroduced its $2,000 Closing Cost Grant, effective March 18, 2025. This grant is designed to assist homebuyers in Kentucky by covering some of the upfront costs associated with purchasing a home. Here's how it can help:


KHC $2,000 Closing Cost Grant and $10,000 Down Payment Assistance Program in Kentucky


Key Features of the KHC $2,000 Closing Cost Grant

  • No Repayment Required: The grant does not need to be repaid, making it a valuable resource for those who need financial assistance with closing costs.

  • Combination with Other Programs: It can be combined with KHC's $10,000 Down Payment Assistance Program (DAP), allowing homebuyers to access a total of $12,000 in assistance. This combination can significantly reduce the amount of money needed upfront for a home purchase.

  • Eligibility: While specific eligibility criteria are not detailed in the provided information, typically these programs require applicants to meet certain income limits, purchase price limits, and other qualifications.

How It Helps Homebuyers

  • Reduces Upfront Costs: By covering closing costs, homebuyers can allocate more funds towards other expenses or save money for future needs.

  • Increases Affordability: Combining the grant with the DAP can make homeownership more accessible by reducing the financial burden of down payments and closing costs.

  • Simplifies the Homebuying Process: Having additional financial support can make the process less stressful and more manageable for first-time or low-income homebuyers.

Overall, the KHC $2,000 Closing Cost Grant is a beneficial resource for those looking to purchase a home in Kentucky, especially when used in conjunction with other assistance programs.

  1. $2,000 Closing Cost Grant – No repayment required
  2. Can be used for down payment, closing costs, and prepaid expenses 
  3. Can be combined with KHC’s $10,000 Down Payment Assistance Program (DAP) Limited availability – Only $1 million available for the first 500 homebuyers Starts March 18, 2025 – Act fast before funds run out!


How to Apply for the KHC Closing Cost Grant

Applying for the grant is simple! Here’s how:

Get Pre-ApprovedWork with a KHC-approved mortgage lender (like myself!) to determine your eligibility.
Find a Home – Once pre-approved, start house hunting with confidence.
Apply for Assistance – Your lender will help you apply for both the $2,000 Closing Cost Grant and $10,000 Down Payment Assistance Program if you qualify.
Close on Your Home – Use the funds to lower your upfront costs and move in with less money out of pocket!


  •  First-come, first-served – Limited to the first 500 homebuyers
  •  Available for purchase loans only (not refinances)
  •  Can be combined with the KHC Down Payment Assistance Program (DAP) and Federal Home Loan Bank (FHLB) funds
  •  Listed as a gift in GUS (Guaranteed Underwriting System), DU (Desktop Underwriter), and LPA (Loan Product Advisor)
  • Grant confirmation available at reservation


1 - πŸ“… Email - kentuckyloan@gmail.com 
2.  πŸ“ž Call/Text - 502-905-3708

Joel Lobb
Mortgage Loan Officer - Expert on Kentucky Mortgage Loans


🌐 Websitewww.mylouisvillekentuckymortgage.com
🏒 Address911 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.


Kentucky Local Home Loan Lender Services

✅ First-Time Home Buyers Welcome
✅ FHA, Rural Housing (USDA), VA, and Kentucky Housing Corporation (KHC) Loans
✅ Conventional Loan Options Available
✅ Fast Local Decision-Making
✅ Experienced Guidance Through the Home Buying Process


$2,000 Closing Cost Grant Available for Kentucky Homebuyers June 2024

 


Kentucky Housing Corporation is offering a $2,000 closing cost grant to Kentucky homebuyers.



The grant is available to the first 100 homebuyers who act quickly. It can be used for down payments, closing costs, and prepaid expenses. It can be used alone or combined with other programs, like the $10,000 KHC Down Payment Assistance Program. This is a great opportunity for those who want to buy a house. #Kentuckyhomeownership #homebuying


TODAY, Monday, June 24, 2024, Kentucky Housing Corporation (KHC) will again offer a limited-time $2,000 closing cost grant. Funding has been made available for 100 loans. 


  • First-come, first-served until funds are exhausted.
  • Purchase transactions only.
  • Can be used with $10,000 KHC Down payment Assistance Program (DAP). 
  • Details
  • $2,000 Closing Cost Grant - no repayment required.
  • Can be used for down payment, closing costs, and prepaids.
  • Can be combined with any of KHC’s other programs - DAP..
  • Limited availability - $200,000 available for the first 100 homebuyers


$10,000 KHC Down Payment Assistance Program.




Joel Lobb Mortgage Loan Officer
American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708

email: kentuckyloan@gmail.com


http://www.mylouisvillekentuckymortgage.com/










NMLS 57916 | Company NMLS #1364/MB73346135166/MBR1574