Thursday, January 5, 2012

Homeownership Opportunities Still Available Through State Housing Agency | Kentucky RealEstateRama

Homeownership Opportunities Still Available Through State Housing Agency Kentucky RealEstateRama

Lowest interest rates ever offered through KHCFRANKFORT, KY – January 4, 2012 – (RealEstateRama) – Gov. Steve Beshear today announced that the Kentucky Housing Corporation (KHC), the state housing finance agency, is offering the lowest rates in its 40-year history.“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,” said Gov. Beshear. “I encourage potential homeowners to contact KHC to learn more about this unique financing opportunity. These low rates will not last.”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.KHC works with customers to simplify the home purchasing process. 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 KHC-certified real estate agents that are committed to helping their buyers find affordable home-financing solutions. A list of lenders and real estate agents is available on KHC’s website at http://www.kyhousing.org/.“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.To learn more about this and other options available to potential home buyers through KHC, visit