Kentucky Housing recognizes that down payments, closing costs and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your KHC-approved lender can help you apply for the program that meets your need.Regular DAPPurchase price up to $243,000.Assistance in the form of a loan up to $6,000 in $100 increments.Repayable over a ten-year term at 5.50 percent. A DAP of $6,000 over ten years at 5.50 percent interest would equal a payment of $65.12.Available to all KHC first-mortgage loan recipients.Affordable-DAPPurchase price up to $243,000.Assistance up to $4,500Repayable over a ten-year term at 1.00 percent.Borrowers must meet Affordable DAP Household Income Limits.More about down payment and closing costsNo liquid asset review and no limit on borrower reserves.Specific credit underwriting standards may apply to down payment programs.
via Down Payment Assistance Program for Jefferson County Kentucky Louisville.
via Down Payment Assistance Program for Jefferson County Kentucky Louisville.
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 