Friday, March 28, 2014

Kentucky Housing Income Limits for 2014 Mortgage Loans

New Income Limits for KHC Loans in Kentucky for 2014


Effective with reservations on Tuesday, April 1, 2014, both the Secondary Market and Affordable Down Payment Assistance Program (DAP) following household income limits will apply for Kentucky Housing KHC Mortgage Loans

ALL Kentucky counties were affected with the Secondary Market income limits.  Keep in mind, the Secondary Market income limits still apply to applicant's income only!  Below are the highlights for some counties with the new Secondary Market income limits: 

INCREASED

DECREASED
Daviess:  $105,525Franklin:  $110,775
Fayette:  $118,650Hardin:  $98,525
Jefferson:  $112,525Madison:  $94,850
Oldham:  $112,525Northern KY:  $119,875
Scott:  $118,650 Nelson:  $95,550
Shelby:  $128,975Warren:  $100,100


ALL Kentucky counties were affected with the DAP KHC Down Payment Assistance  income limits.  Keep in mind, the DAP income limits apply to the entire household's income.  Below are the highlights for some counties with the new DAP income limits:

 Kentucky Housing Down Payment Assistance for 2014

INCREASEDDECREASED
Henry, Jefferson:  $35,700 - $50,950Northern KY:  $38,400 - $54,800
Oldham, Spencer:  $35,700 - $50,950Pulaski:  $24,950 - $35,600
Fayette, Scott:  $37,450 - $53,500Warren:  $32,050 - $45,750

Joel Lobb
Senior  Loan Officer
(NMLS#57916)

American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223

 phone: (502) 905-3708
 Fax:     (502) 327-9119

 Company ID #1364 | MB73346






Fill out my form for Kentucky Housing Down Payment Assistance for closing costs and prepaids. Zero Down Home Loans Thru KHC !