Kentucky Housing Corporation (KHC)

The Kentucky Housing Corporation provides purchase financing funds for qualified buyers in Kentucky who have not owned their own home in the most recent three years or who buy in defined, Target Areas. The KHC program interest rate is typically below market and may be used with Conventional, FHA, VA or RHS loans. Down payment assistance may also be available from KHC. Household income limits and price limits apply. We were the first lender to be delegated by KHC to underwrite loans for approval and closing and are the Top Lender for KH

KHC recognizes that down payments, closing costs, and prep​aids are stumbling blocks for many potential home buyers. Here are several loan programs to help. YourKHC-approved lendercan help you apply for the program that meets your need.

Regular DAP

• Purchase price up to $327,334with Secondary Market.
• Assistance in the form of a…

• FHA-620+ Min Fico Approve Eligible / NO OVERLAYS-NONE!
• FHA-620+ FICO for PURCH, RT, C/O including Flips & High Balance
• FHA-640+ REFERS OK!—no overlays -u/w directly to 4000.1
• FHA-640+ MANUALS up to 50% DTI (with 2 comp factors)
• FHA-620+ No DTI CAP – Follow AUS Findings!!! (with approved eligible)
• FHA-620+ NO Minimum Credit History or Trades with AUS Approval!
• FHA-620+- No VOR Unless Required by DU Findings!
• FHA-Transfer appraisals from ANY lender/AMC OK!
• FHA-ORDER YOUR APPRAISAL FROM 20+ AMCs YOU CHOOSE!
• FHA-Collections – HUD Guides Apply –
• FHA-Mortgage Lates OK if AUS Approved!!!
• FHA-ESCROW STATE – Non Purchasing Spouse derogs ignored – only affectsDTI
• FHA-Borrower w/ Work Permits, Non-Resident Alien OK!
• FHA-1 Day off Market for Cashout Refi! – Must be off market before date of loanapplication!
• FHA-Rental Income on 2-4 units ok FTHB
• FHA-STREAMLINE…

Purchase of an eligible new unit, transportation and set-up costs, and purchase of
an eligible site if not already owned by the applicant. Manufactured units must be
less than 12 months old and never occupied and will include the site. The date of
the purchase agreement must be within one year of the manufactured date
displayed on the plat attached to the unit. The following criteria outlines an
eligible unit for guarantee with the SFHGLP:
 To be an eligible unit, the new unit must have a floor area of not less
than 400 square feet.
 The unit must meet the Federal Manufactured Home Construction and
Safety Standards (FMHCSS).
 The unit must be placed on a permanent foundation built to FHA
guidelines in effect at the time of certification. Guidelines are
presently published in the “Permanent Foundation Guide for
Manufactured Housing” (HUD-4930.3G) which is found at
http://www.huduser.org/portal/publications/destech/permfound.html.
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