Showing posts with label 10000 down payment grant. Show all posts
Showing posts with label 10000 down payment grant. Show all posts

KENTUCKY HOUSING QUALIFYING CRITERIA FOR DOWN PAYMENT ASSISTANCE

$10,000 available thru KHC for down payment assistance KY



What is Kentucky Housing?


Conventional Preferred Program
Conventional Preferred Plus 80
FHA
VA
RH​​S

Secondary Market Purchase Price Limit -- $481,176

 

County

Applicant(s) Income Limit

County

Applicant(s) Income Limits

Anderson

154,700

Jefferson

157,150

Boone

181,300

Jessamine

163,450

Bourbon

163,450

Kenton

181,300

Bracken

181,300

Larue

143,500

Bullitt

157,150

McCracken

145,950

Campbell

181,300

McLean

159,600

Clark

163,450

Marshall

145,425

Crittenden

140,700

Meade

155,225

Daviess

159,600

Nelson

149,800

Edmonson

139,825

Oldham

157,150

Fayette

163,450

Pendleton

181,300

Franklin

149,450

Scott

163,450

Gallatin

181,300

Shelby

173,775

Hancock

159,600

Spencer

157,150

Hardin

143,500

Warren

139,825

Henderson

152,775

Washington

148,225

Henry

157,150

Woodford

163,450

 Applicant’s Income Limit for all other counties not listed above: $137,550
Read more below at the links for KHC Detailed Mortgage Information in regards to fully qualifying for a KHC loan.



KHC (15)

KHC Down payment Assistance Program Kentucky Housing (20)

khc dap (6)

KHC for downpayment assistance (3)

KHC Loan Programs (8)








Joel Lobb (NMLS#57916)
Senior Loan Officer


American Mortgage Solutions, Inc.

10602 Timberwood Circle Suite

Louisville, KY 40223

Company ID #1364 | MB73346


Text/call 502-905-3708

kentuckyloan@gmail.com



If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.


Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant's eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant Equal Opportunity Lender. NMLS#57916http://www.nmlsconsumeraccess.org/


-- Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. The content in this marketing advertisement has not been approved, reviewed, sponsored or endorsed by any department or government agency. Rates are subject to change and are subject to borrower(s) qualification.











KENTUCKY HOUSING QUALIFYING CRITERIA FOR DOWN PAYMENT ASSISTANCE

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Down payment Assistance for Kentucky Homebuyers $10,000 Through KHC


Down Payment Assistance Housing Programs for Kentucky First Time Home Buyers



$10,000 Down Payment assistance from Kentucky Housing Below  see details below for restrictions:


Down payment Assistance for Kentucky Homebuyers $10,000 Through KHC


@kentuckymortgagebroker #kentuckymortgage #ficoscore #firsttimehomebuyer #homeloan #homeloan #zerodownpayment #vamortgage #vamortgage #khcloan #usdaloan #ruralhousing #mortgagetips #fha ♬ Synchronize (Instrumental) - Milky Chance

​​​​​KHC recognizes that down payments, closing costs, and prep​aids are stumbling blocks for many potential home buyers. We offer a special loan program to help with those. Your KHC-approved lender can help you apply.

Regular DAP

  • Purchase price up to $349,525 with Secondary Market.
  • Assistance in the form of a loan up to $10,000 in $100 increments.
  • Repayable over a 10-year term at 3.75 percent.
  • Available to all KHC first-mortgage loan recipients.

​​More About Down Payment and Closing Costs

  • No liquid asset review and no limit on borrower reserves.
  • Specific credit underwriting standards may apply to down payment programs.​

​Secondary Market Eligibility

To qualify for a Secondary Market KHC loan, you must meet the following requirements:

  • Meet Secondary Mark​et Income​ Limits for your county.
  • Be a U.S. citizen, other national or qualified alien person
  • Have a minimum credit score of 620.
  • Be a first-time or repeat homebuyer.

Property Eligibility

The home you wish to purchase must meet the following guidelines.

  • Borrower must occupy the home within 60 days of closing and for duration of loan.
  • New or previously occupied detached, single-family home.
  • New or previously occupied condominium, townhouse, or attached unit in a planned unit development.
    • Check with lender for eligible condominiums.
  • New or previously occupied manufactured housing, single or double wide, permanently affixed to the foundation and taxed as real estate
    • ​Must meet loan type's foundation requirements.
  • ​The property purchased must be in Kentucky.​


​​Secondary Market Funding Source

  • First-time and repeat homebuyers statewide
  • 30-year fixed interest rate
  • Principal residence ONLY
  • Purchase Price Limit:  $349,525​
  • Borrower must meet KHC's Secondary Market Income Limits
Conventional Preferred Program
Conventional Preferred Plus 80
FHA
VA

Purchase Price Limitations

Secondary Market First Mortgage Programs and KHC's Homebuyer Tax Credit

Secondary Market New and Existing Homes................$349,525

KHC's Homebuyer Tax Credit.......................................$349,525​



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