Kentucky Housing or KHC Interest Rate: 2.50% without Down Payment Assistance 3.00% with Down Payment Assistance

KHC or Kentucky Housing Interest Rates

Attention Kentucky First Time Homebuyers!

Kentucky Housing Special Interest Rates for KY First Time Homebuyers

Limited Availabilty  

Interest Rate:  2.50% without Down Payment Assistance 

                      3.00% with Down Payment Assistance 

• $35,000 Household Income Limit for Kentucky First Time Homebuyers 
  
  
• First time home buyer, unless property located in targeted counties in Kentucky 
  
  
• Existing or new construction property -- purchase price limit $115,000 
  
  
• Regular and Affordable DAP available thru Kentucky Housing or KHC 
  
  
• Kentucky FHA, VA or RHS or USDA first mortgage programs through KHC or Kentucky Housing
• 640 credit score
  
  
• Borrower must demonstrate a need for the special funding.  The borrower's housing ratio must be at a minimum of 25%. 
  
  
• Maximumdebt to income ratios of 40/45% with AUS approval thru Desktop Underwriting
  
  
• All household occupants (18 yrs and older) with income must be included on loan and be credit ready.
  
  
  Kentucky Housing or KHC  Interest Rate:  2.50% without Down Payment Assistance  3.00% with Down Payment Assistance 
  
  
  
  
  
  -- 
  

  Joel Lobb (NMLS#57916)
  Senior  Loan Officer
  502-905-3708 cell
  kentuckyloan@gmail.com
  http://mylouisvillekentuckymortgage.com