Homeownership Opportunities Still Available Through State Housing Agency

Homeownership Opportunities Still Available Through State Housing Agency.

 

For Immediate Release	Media Contact: Charla Jackson Peter
January 3, 2012

Homeownership Opportunities Still Available Through State Housing Agency

Lowest interest rates ever offered through KHC

There is good news for Kentuckians thinking about purchasing a home. Kentucky Housing Corporation (KHC), the state housing finance agency, is offering the lowest rates ever in its 40-year history.

For a limited time, rates are as low as 3.375 percent, with a 30-year, fixed-rate term. KHC also has a program for down payment and closing costs assistance with a special rate of 3.625 percent.

“It has never been a better time to purchase a home through KHC,” said Governor Steve Beshear. “With rates this low and down payment and closing costs assistance, Kentuckians who thought they would not be able to own a home now have an opportunity. These low rates will not last; buyers should contact a KHC-approved lender as soon as possible.”

Purchasing a home through KHC is easy. Buyers work with a network of KHC-approved lenders and banking institutions that help the buyer throughout the purchasing process. There are also over 1,000 real estate agents who have become KHC-certified and have committed to helping their buyers with affordable home-financing solutions. A list of lenders and real estate agents is available on KHC’s Web site. Buyers should ask for a KHC loan.

“Kentuckians can feel comfortable purchasing a home through KHC,” said Richard L. McQuady, chief executive officer of KHC. “KHC home loans start with us and end with us. When homeowners make a payment or call about their loan, they are talking to a KHC staff person at our office in Frankfort.”

Kentucky Housing is able to offer these low rates through an extension of the New Issue Bond Program (NIBP), a federal bond purchase program provided by the U.S. Department of Treasury.