Kentucky Mortgage Lender

Last updated: July 2026 · Joel Lobb , Mortgage Loan Officer, NMLS #57916 — 20+ years in Kentucky mortgages, 1,300+ families closed. Short answer: Kentucky down payment assistance from Kentucky Housing Corporation is not a grant . It is a repayable second mortgage of up to $12,500 , amortized over 15 years at roughly 4.75%, which costs about $97 per month on the full amount. You repay it alongside your first mortgage, the payment counts against your debt ratio, and the balance comes due if you sell or refinance. It is still one of the best tools available to Kentucky buyers — but only if you go in knowing the real cost. Most articles about Kentucky down payment assistance stop at "you can get $12,500." This one covers the part buyers actually need before signing: what it costs you every month, what it does to your buying power, and when you should take less than the maximum — or skip it entirely. Do you have to pay back down payment assistance in Kentu...

Buy a home without draining your savings account. The following attractive Kentucky home loan programs below requires no down payment: Kentucky Housing Corp down payment assistance with 100% Financing Kentucky Rural Housing Mortgage Loans in eligible rural areas allow 100% Financing Kentucky VA Mortgage loans allow for 100% Financing for eligible veterans/active duty Credit scores as low as 640 for KHC and RHS loans and 600 score for FHA and VA Specific mortgage insurance requirements apply. Ask for details. Joel Lobb Senior  Loan Officer (NMLS#57916)  phone:  (502) 905-3708  Fax:      (502) 327-9119 kentuckyloan@gmail.com  Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com/ Fill out my form!

Fill out my form! KHC Down payment Assistance for Kentucky First time home buyers Down payment Assistance Program (DAP) 1. Make sure the property is existing (previously occupied) and below the purchase price limit of $195,700.  If not, HOME DAP is eliminated.  Proceed to question 3. 2. To ensure HOME DAP eligibility, ensure the following requirements are met: • Household income below the HOME DAP income limits, available in the MRB Program Guide, page 10. • Borrower requires a minimum of $1,000 assistance, up to a max of $4,500, based on need.  Must use their own liquid funds in excess of two months’ PITI before they look to HOME DAP. • Must go maximum allowed LTV on the first mortgage. • Property must pass HQS inspection (Lead Paint). • Cannot be used in conjunction with REO properties or FHA 203K streamline program. If all of these are met, you must determine how much HOME DAP can be accessed. This is total cash needed to close, minus seller c...

Kentucky Housing Corp or KHC KHC is used for mostly applicants in urban areas of Kentucky that don't have access to USDA or other government agencies to buy a home with no down payment. A minimum of 3.5% down payment is required with this loan. Down payment assistance loans are available from $4500-$6,000, and are paid back over a period of ten years. They are typically offered to buyers with limited cash reserves and carry an interest rate of 1 to 5.5%. These loans can make a critical difference to buyers for whom the down payment is an obstacle. Buyers whose 3.5% down payment is less than the $6000 limit may choose to use the remainder of a down payment loan to pay closing costs, further reducing the amount needed to bring to closing.

KHC Loan Programs All Kentucky Housing first mortgage loans are for a 30-year term at a fixed rate of interest. The home you purchase through Kentucky Housing must be the only residential property you own and you must occupy the home as your principal residence while the loan debt is still outstanding. To qualify, you must meet KHC’s regular income guidelines, make a down payment or qualify for down payment assistance, be a US citizen or legal alien and have an acceptable credit history. Some Kentucky Housing loans are subject to a federal recapture tax. Recapture is a federal income tax that the borrowers may have to pay if they have considerable growth in their income and they sell or transfer their KHC-financed home within 9 years. However, KHC has implemented a Recapture Tax Guarantee Program for all loans that close after October 1, 2006. The Recapture Tax Guarantee Program will reimburse homeowners if they are subject to pay the Federal Recapture Tax on their KHC mortg...