KHC recognizes that the down payment, closing costs and pre-paids are stumbling blocks for many potential home buyers. Here are a couple of Down Payment Assistance programs to help.

 

Regular Down Payment Assistance Programs (DAP)*

o Purchase price up to $327,334
o Assistance in the form of a loan up to $6,000 in $100 increments
o Repayable over a 10-year term at 5.5 percent.
o Available to all KHC first-mortgage loan recipients

Affordable Down Payment Assistance Programs (DAP)*

o Purchase price up to $327,334
o Assistance up to $6,000
o Repayable over a 10-year term at 1.00%
o Borrowers must meet Affordable DAP household income limits

 

Specific credit underwriting standards may apply to down payment programs.

 

Give me a call to find out about more assistance programs: 859-433-4558 or click here to find out about Grant Funds for Down Payment Assistance.
Kentucky Housing Corporation website http://www.kyhousing.org

* Certain restrictions apply. Not available in all areas. Please contact your PrimeLending loan officer for more details.