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Kentucky First Time Home Buyer Grants and Loan Programs

December 31, 2011 12 comments

Kentucky First Time Home Buyer Grants and Loan Programs

Kentucky first time home buyer grants and loan programs – The Kentucky Housing Corporation (KHC) offers programs for first time home buyers.

The KHC offers home ownership education classes as well as low interest rate, 30 year home loans/mortgages through participating lenders. Many of the programs are offered to and non-first time buyers as well.

The KHC also offers downpayment and closing cost assistance to qualified buyers. The closing costs assistance ranges from $4,500 to $10,000, depending on the qualifications of the buyer(s).

To qualify for these programs, the KHC has buyer income limits as well as limits to the purchase price of the home.

Check out the KHC website to obtain more information about these programs.

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Kentucky First Time Home Buyer Grants and Loan Programs

August 7, 2011 1 comment

Kentucky First Time Home Buyer Grants and Loan Programs.

Kentucky First Time Home Buyer Grants and Loan Programs
Kentucky first time home buyer grants and loan programs – The Kentucky Housing Corporation (KHC) offers programs for first time home buyers….

 

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KENTUCKY HOUSING CORPORATION

May 23, 2011 Leave a comment

KENTUCKY HOUSING CORPORATION.

Categories: Down payment Assistance and Grants, Down Payment Assistance Program - Housing - Louisville Ky, Down Payment Assistance Programs in Kentucky, FHA Home Loans in Kentucky, FHA Loans Kentucky Housing First time home buyer, FHA/VA Louisville Kentucky, First Time Home Buyer in Kentucky Zero Down, First Time Home Buyer Loans--Kentucky, First Time home Buyer PRgoams, Home Buying And Down Payment Assistance Programs In Kentucky, home ownership program louisville ky, KENTUCKY HOUSING CORPORATION, Kentucky Housing Mortgage Rates Louisville Kentucky, KHC 2011 Programs, KHC 2011 updated Guidelines, KHC Down payment Assistance Program Kentucky Housing, KHC Mortgage Rates / Kentucky Housing Rates Tags: , , , , , , ,

National Mortgage News – GOP Wants to Hike FHA Downpayments, Legislation on the Way

May 23, 2011 3 comments

National Mortgage News – GOP Wants to Hike FHA Downpayments, Legislation on the Way.

Categories: Down Payment Assistance Programs in Kentucky, FHA Home Loans in Kentucky, FHA Loan Checklist for Approval, FHA Loans, FHA Loans Kentucky Housing First time home buyer, FHA/VA Louisville Kentucky, First Time Home Buyer in Kentucky Zero Down, First Time Home Buyer Loans--Kentucky, First Time home Buyer PRgoams Tags: , , , , , , ,

Down-payment Assistance Programs Louisville and Kentucky

May 17, 2011 8 comments

Down-payment Assistance Programs Louisville and Kentucky

  C = Conventional
F = FHA V = VA
R = RD		 Eligible 1st MTG. LOAN TYPES State DAP Maximum Assistance Amount Contact Phone #
PROGRAM NAME
DKYCOVCRD Covington Arts District CARD Homeowner Loan Program (CARD) C F V KY $6,000 Archie Ice (859) 292-2188
DKYCOVHAP Covington Homebuyer Assistance Program (HAP) C F KY $10,000 Vickie Wilkins (859) 292-2188
DKYJCADDI Jefferson County Homeownership Assistance Program American Dream Downpayment Initiative (ADDI) C F V KY $10,000 Kathy Vincent (502) 574-3094
DKYJCMGCC Jefferson County Louisville / Jefferson County Metro Government Metro Wide Down Payment Assistance Program (DPA) Closing Cost Assistance C F V KY $2,000 Kathy Vincent (502) 574-3107
DKYJCMGMW Jefferson County Louisville / Jefferson County Metro Government Metro Wide Down Payment Assistance Program (DPA) Down Payment Assistance C F V KY $10,000 Kathy Vincent (502) 574-3107
DKYLSVNRP Louisville Park DuValle Neighborhood Revitalization Downpayment Assistance Program (DAP) C F KY $16,800 Steve Ward (502) 574-4313
DKYNKHCHP Multi Cities Northern KY HOME Consortium C F KY $10,000 John Hammons (859) 292-2188
DKYCWIDAP Multi Counties The Center For Women and Families, Inc. Common Wealth Individual Development Account Program (CWIDA) C F V R KY $4,100 Lynnie Meyer (502) 581-7200
DKYHANNPT New Port Housing Authority HOPE VI Liberty Row 1 Second Mortgage Program (HOPE VI) C KY $115,000 Candy McDine (859) 581-2533
DKYNWPCIP Newport Community Investment Partnership Program (CIPP) C F KY $15,000 Candy McDine (859) 581-2533
Categories: Down payment Assistance and Grants, Down Payment Assistance Program - Housing - Louisville Ky, Down Payment Assistance Programs in Kentucky Tags: , , , , , , , , , , , , , , , , ,

Ky First Time Home Buyer Program

February 26, 2011 2 comments

   

Kentucky Housing Corporation encourages
Kentuckians to pursue homeownership because

it strengthens financial and household stability.

Through an array of interrelated programs, Kentucky
Housing provides at or below-market interest rate

home loans, down payment and closing costs

assistance, homeownership education and counseling

and mortgage loan servicing.

Kentucky Housing’s free Home Buyer Notebook, a

step-by-step guide to purchasing a home

 www.kyhousing.org.

 Home Mortgage Loans

income-qualified home buyers, including a variety of conventional

loans, as well as Federal Housing Administration-, Veterans
Administration- and Rural Housing Services-insured loans.

Qualifications for the program are based primarily on income,

credit history and the ability to repay the loan. All loans are offered

at a fixed rate for a term of 30 years. Kentucky Housing’s current

interest rate can be found at www.kyhousing.org. Purchase price
limitations apply and are periodically adjusted in accordance with the

state’s affordable housing market.

For Home Buyers

| Kentucky Housing Corporation
 

 

   

Down Payment and Closing CostsAssistance Loans
 

 

 

Recognizing that down payments and closing costs are often
stumbling blocks for many potential home buyers, Kentucky Housing

developed several down payment assistance programs to meet

a variety of needs. Depending on the individual home buyer’s

qualifications, including income and purchase price limits, up to

$10,000 may be available for down payment and closing costs
assistance.

Special First Mortgage Loans

To further extend affordable homeownership opportunities,
Kentucky Housing periodically offers very low-interest rate home

loans to income-qualified Kentuckians with special needs. Eligible

households include single parents, elderly and persons who receive

disability income. The interest rate assigned to a qualified applicant

may range from 1 to 6 percent, based on what his or her income can
support.

 

Kentucky Housing offers at or below-market interest rate loans to
Categories: Down Payment Assistance Programs in Kentucky, First Time Home Buyer in Kentucky Zero Down, USDA No money down mortgage Louisville Kentucky Kentucky housing corp 30 year fixed

Down Payment Assistance Programs in Kentucky

January 22, 2011 Leave a comment

American Dream Downpayment Initiative

  • The American Dream Downpayment Initiative is provided in Kentucky to help potential homeowners with down payments and closing costs. The ADDI is provided to first-time homeowners who make less than 80 percent of the median income of the area in Kentucky. Up to $10,000 or 6 percent of the purchase price (whichever is greater), can be used for down payments, closing costs and rehabilitation efforts to fix up the purchased home. Repairs must be completed within one year of the home purchase.U.S. Department of Housing and Urban Development

    • Read more: Down Payment Assistance Programs in Kentucky | eHow.com http://www.ehow.com/list_6518335_down-payment-assistance-programs-kentucky.html#ixzz1BoJsINs5

    REACH Kentucky

  • REACH Kentucky is a down payment program used for new or existing homes. The REACH program offers loans that serve as a second mortgage repayable at zero to 2 percent. The home buyer must be the primary resident. Clients must meet low to moderate income standards. This income varies from county to county. To qualify, the first-time homeowners must complete a home buyer education course and provide $500 of their own money.REACH Inc.

    • Read more: Down Payment Assistance Programs in Kentucky | eHow.com http://www.ehow.com/list_6518335_down-payment-assistance-programs-kentucky.html#ixzz1BoJykwcv

    The Kentucky Housing Corporation

  • The Kentucky Housing Corporation was founded in 1972 as part of the Commonwealth of Kentucky’s Finance and Administration Cabinet. Kentucky Housing provides down payment and closing cost assistance to Kentucky residents. The regular down payment assistance plan is available to all potential homeowners who reside in Kentucky. The program provides up to $2,500 in $100 increments. This loan is repayable over five years at 6 percent interest. Other down payment options are available for low-income residents. Down payment assistance is available up to $10,000 and is forgiven after the home buyer stays in the home for five years. This assistance is provided based on income guidelines. These guidelines are based on a county-by-county basis.The Kentucky Housing Corporation
    1231 Louisville Rd.
    Frankfort, Kentucky 40601

    • Read more: Down Payment Assistance Programs in Kentucky | eHow.com http://www.ehow.com/list_6518335_down-payment-assistance-programs-kentucky.html#ixzz1BoK61ac8

    Categories: Down Payment Assistance Programs in Kentucky
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