$10,000 available thru KHC for down payment assistance KY
What is Kentucky Housing?
- Borrower must meet KHC’s Secondary Market Income Limits
- Minimum credit score of 660
- 3 percent down payment
- Monthly mortgage insurance (charter coverage)
- All KHC DAPs applicable
- No minimum borrower contribution
- No reserves required
- 80 percent AMI income
- Minimum credit score of 660
- 3 percent down payment
- Monthly mortgage insurance (standard coverage)
- All KHC DAPs applicable
- No minimum borrower contribution
- No reserves required
- Secondary Market Income limits apply
- Insured by the Federal Housing Administration
- 3.5 percent down payment
- All KHC DAPs applicable
- Upfront and monthly mortgage insurance
- Minimum credit score of 620
Refinance Options (Available only through Secondary Market)
- Credit qualifying Streamline Refinance and Rate/Term Refinance
- Insured by the Federal Housing Administration
- Cash back to borrower not to exceed $500
- Upfront and monthly mortgage insurance
- Minimum credit score of 620
- Guaranteed by the Veterans Administration for qualified military veterans
- No down payment if the property appraises for the sales price or greater
- All KHC DAPs applicable
- Minimum credit score of 620
- No monthly mortgage insurance payments
Refinance Options (Available only through Secondary Market)
- VA IRRRL
- 620 minimum credit score
- No appraisal required
- 30-year term
- VA existing loan
- Guaranteed by Rural Housing Services (RHS)
- Home must be located in a rural area as defined by RHS
- No down payment if the property appraises for the sales price or greater
- All KHC DAPs applicable
- Upfront and monthly mortgage insurance
- Minimum credit score of 620
Refinance Options (Available only through Secondary Market)
- RHS Streamlined-Assist Refinance Program
- 620 minimum credit score
- No appraisal required
- Must have made timely mortgage payments for the last 12 months
- 30-year term
- RHS existing 502 guaranteed loan
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.
