Showing posts with label khc grants. Show all posts
Showing posts with label khc grants. Show all posts

New in July 2025: $2,000 KHC Grant + $10,000 Down Payment Assistance for Kentucky Homebuyers

 $2,000 KHC Grant + $10,000 Down Payment Assistance for Kentucky Homebuyers

If you're a first-time or repeat homebuyer in Kentucky, July 2025 brings exciting news. The Kentucky Housing Corporation (KHC) just rolled out a limited-time $2,000 Closing Cost Grant, on top of their ongoing $10,000 Down Payment Assistance (DAP) loan. Together, that’s up to $12,000 in total assistance to help you get into your new home with less money out of pocket.

What’s New: The $2,000 KHC Grant (Launched July 15, 2025)

KHC is now offering a $2,000 Closing Cost Grant—no repayment required. Here’s what you need to know:

 Can be used toward closing costs, prepaid expenses, or down payment
 Stackable with the $10,000 DAP loan
Limited funds: Only $360,000 allocated (approx. 180 buyers statewide)
First-come, first-served – When it’s gone, it’s gone!

 Down Payment Assistance (DAP) – Up to $10,000

In addition to the grant, qualified homebuyers can receive up to $10,000 in down payment assistance via a 10-year second mortgage:

  • 3.75% fixed interest rate

  • 10-year repayment term

  •  Can be used with FHA, VA, USDA (RHS), HFA Preferred, or Freddie Mac HFA Advantage loans

 Who’s Eligible for KHC Assistance?

 Borrower Requirements:

  • Must be a U.S. citizen or legal resident

  • Must occupy the home as a primary residence

  • Cannot own other residential property at closing (for MRB loans)

  • First-time OR repeat buyers welcome

  • No homebuyer education required

 Property Requirements:

  • New or existing homes

  • Manufactured homes allowed (new units only with VA or RHS loans)

  • Appraisal required for all property types

  • Termite inspection required for VA loans and new construction

Credit & Income Guidelines:

RequirementDetails
Credit Score (FHA/VA/USDA)620 minimum
Credit Score (Conventional)660 minimum
Max DTI (Debt-to-Income)50% with AUS approval
Bankruptcy/ForeclosureMust be discharged 2–7 years ago
Non-taxable incomeMay be grossed up
Purchase Price Limit$544,232

Interest Rate – As of July 2025

For FHA, VA, and RHS loans through KHC’s Mortgage Revenue Bond (MRB) program:

  • 6.000% fixed rate (with or without DAP)

  • 45-day rate lock through KHC’s lender portal

  • ⚠️ Rates subject to change—always confirm current pricing with your lender

 Why Use KHC for Your Kentucky Mortgage?

 Up to $12,000 in total assistance available
Fixed-rate mortgage options
Available statewide through approved KHC lenders
No homebuyer education required
 Designed to help you close faster with less cash upfront

Let’s Get You Pre-Approved Today

I’m Joel Lobb, a trusted Kentucky mortgage broker helping first-time and repeat homebuyers take advantage of KHC, FHA, VA, USDA, and Fannie Mae loan programs. If you want to take advantage of the $2,000 grant + $10,000 DAP, let’s talk today before funds run out.

πŸ“§ Email: kentuckyloan@gmail.com
πŸ“ž Call or Text: 502-905-3708
🌐 Website: www.mylouisvillekentuckymortgage.com
πŸ“ Address: 911 Barret Ave., Louisville, KY 40204
EVO Mortgage | NMLS #1738461 | Personal NMLS #57916

🏠 Kentucky Homebuyers

Big News for July 2025!
Up to $12,000 in Assistance Available
Act Fast: Limited $2,000 Grant - Only 180 Available!

πŸ’° Two Powerful Assistance Programs

$10,000
Down Payment Assistance
  • 3.75% fixed interest rate
  • 10-year repayment term
  • $1,000 - $10,000 range
  • Use for down payment, closing costs, or prepaids
  • Compatible with FHA, VA, RHS loans
New!
$2,000
Closing Cost Grant
  • No repayment required
  • Started July 15, 2025
  • Limited to 180 grants statewide
  • First-come, first-served
  • Can stack with DAP loan
$12,000
Maximum Combined Assistance
🏦
Current Mortgage Rate
6.000%
Fixed Rate • FHA, VA, RHS Loans • July 2025
45-Day Rate Lock Available

✅ Key Qualification Requirements

πŸ“Š
Credit Score
620+ FHA/VA/RHS
660+ Conventional
πŸ’Ό
Debt-to-Income
Maximum 50%
with AUS approval
🏑
Purchase Price
Maximum
$544,232
πŸ‡ΊπŸ‡Έ
Residency
U.S. citizen or
legal resident
πŸ‘₯
Buyer Type
First-time AND
repeat buyers
πŸŽ“
Education
Homebuyer classes
NOT required

🎯 Why Choose KHC Programs?

πŸ’°
Up to $12,000 Total Assistance
πŸ“ˆ
Competitive Fixed Interest Rates
🏠
Both First-Time & Repeat Buyers
Flexible Credit Guidelines
πŸ—Ί️
Available Statewide
No Education Classes Required

πŸ“ž Ready to Secure Your Benefits?

Joel Lobb
Kentucky Mortgage Expert • NMLS# 57916
20+Years Experience
1,300+Families Helped
πŸ“±(502) 905-3708
✉️kentuckyloan@gmail.com
🌐mylouisvillekentuckymortgage.com

$2,000 CLOSING COST GRANT Kentucky Housing Corporation Special Offer

 

KHC Announces $2,000 Closing Cost Grant
Available for 180 Borrowers

Effective with new reservations TODAY, Tuesday, July 15, 2025, Kentucky Housing Corporation (KHC) will offer a limited-time $2,000 closing cost grant. Funding has been made available for 180 loans. 

Remaining funds will be updated weekly on the PowerLender dashboard. 

  • First-come, first-served until funds are exhausted.
  • Purchase transactions only.
  • List as a grant in Desktop Underwriter (DU) and Loan Product Advisor (LPA).
  • List as a gift in the Guaranteed Underwriting System (GUS). 
  • Can be used with KHC Down payment Assistance Program (DAP). 
  • A KHC grant/gift letter will be available at time of reservation and must be signed by borrower(s).  
  • List the Closing Cost Grant on the Final 1003 in Section 4d.  

$2,000 CLOSING COST GRANT

Kentucky Housing Corporation Special Offer

🚨 LIMITED TIME OFFER 🚨

Effective July 15, 2025 - Only 180 borrowers will receive this grant!

πŸ’°

$2,000 FREE MONEY

Grant money that doesn't need to be repaid - reduces your closing costs significantly

🏑

Purchase Only

Available for home purchases only - perfect for first-time homebuyers

Stack with DAP

Can be combined with KHC Down Payment Assistance for maximum savings

Program Details

  • First-come, first-served until funds are exhausted
  • Purchase transactions only
  • List as a grant in Desktop Underwriter (DU) and Loan Product Advisor (LPA)
  • List as a gift in the Guaranteed Underwriting System (GUS)
  • Can be used with KHC Down Payment Assistance Program (DAP)
  • KHC grant/gift letter required and must be signed by borrower(s)
  • Must be listed on Final 1003 in Section 4d

⏰ ACT FAST!

Only 180 grants available - funds will be updated weekly until exhausted

Ready to Get Started?

Contact Joel Lobb - Your Kentucky Mortgage Expert

πŸ“§ Email

kentuckyloan@gmail.com

πŸ“± Call/Text

502-905-3708

🌐 Website

www.mylouisvillekentuckymortgage.com

πŸ“ Address

911 Barret Ave.
Louisville, KY 40204

🎯 Specialization

Kentucky Mortgage Loan Expert For Kentucky FHA, VA, USDA, Fannie Mae and KHC Down Payment Assistance Loans

πŸ›️ Licensing Information

Joel Lobb - Personal NMLS# 57916
Evo Mortgage - Company NMLS# 1738461
Kentucky Mortgage Loan Only
www.nmlsconsumeraccess.org

CALL NOW TO APPLY!

Important Disclosures:

This website is not endorsed by the FHA, VA, USDA, KHC, or any government agency. It is an independent platform created to educate and assist homebuyers with expert advice and accessible tools. Equal Housing Lender.

These materials are not from HUD, FHA, the USDA, KHC, or the VA. These materials were not approved by any government agency. They are independent of any government agency.

For information directly from KHC, visit their official website. Loan approval subject to credit approval and program guidelines.


Kentucky Housing Corporation (KHC) will offer a limited-time $2,000 closing cost grant. Funding has been made available for 180 loans.


Kentucky Housing Corporation (KHC) has reintroduced its $2,000 Closing Cost Grant,

 The Kentucky Housing Corporation (KHC) has reintroduced its $2,000 Closing Cost Grant, effective March 18, 2025. This grant is designed to assist homebuyers in Kentucky by covering some of the upfront costs associated with purchasing a home. Here's how it can help:


KHC $2,000 Closing Cost Grant and $10,000 Down Payment Assistance Program in Kentucky


Key Features of the KHC $2,000 Closing Cost Grant

  • No Repayment Required: The grant does not need to be repaid, making it a valuable resource for those who need financial assistance with closing costs.

  • Combination with Other Programs: It can be combined with KHC's $10,000 Down Payment Assistance Program (DAP), allowing homebuyers to access a total of $12,000 in assistance. This combination can significantly reduce the amount of money needed upfront for a home purchase.

  • Eligibility: While specific eligibility criteria are not detailed in the provided information, typically these programs require applicants to meet certain income limits, purchase price limits, and other qualifications.

How It Helps Homebuyers

  • Reduces Upfront Costs: By covering closing costs, homebuyers can allocate more funds towards other expenses or save money for future needs.

  • Increases Affordability: Combining the grant with the DAP can make homeownership more accessible by reducing the financial burden of down payments and closing costs.

  • Simplifies the Homebuying Process: Having additional financial support can make the process less stressful and more manageable for first-time or low-income homebuyers.

Overall, the KHC $2,000 Closing Cost Grant is a beneficial resource for those looking to purchase a home in Kentucky, especially when used in conjunction with other assistance programs.

  1. $2,000 Closing Cost Grant – No repayment required
  2. Can be used for down payment, closing costs, and prepaid expenses 
  3. Can be combined with KHC’s $10,000 Down Payment Assistance Program (DAP) Limited availability – Only $1 million available for the first 500 homebuyers Starts March 18, 2025 – Act fast before funds run out!


How to Apply for the KHC Closing Cost Grant

Applying for the grant is simple! Here’s how:

Get Pre-ApprovedWork with a KHC-approved mortgage lender (like myself!) to determine your eligibility.
Find a Home – Once pre-approved, start house hunting with confidence.
Apply for Assistance – Your lender will help you apply for both the $2,000 Closing Cost Grant and $10,000 Down Payment Assistance Program if you qualify.
Close on Your Home – Use the funds to lower your upfront costs and move in with less money out of pocket!


  •  First-come, first-served – Limited to the first 500 homebuyers
  •  Available for purchase loans only (not refinances)
  •  Can be combined with the KHC Down Payment Assistance Program (DAP) and Federal Home Loan Bank (FHLB) funds
  •  Listed as a gift in GUS (Guaranteed Underwriting System), DU (Desktop Underwriter), and LPA (Loan Product Advisor)
  • Grant confirmation available at reservation


1 - πŸ“… Email - kentuckyloan@gmail.com 
2.  πŸ“ž Call/Text - 502-905-3708

Joel Lobb
Mortgage Loan Officer - Expert on Kentucky Mortgage Loans


🌐 Websitewww.mylouisvillekentuckymortgage.com
🏒 Address911 Barret Ave., Louisville, KY 40204


Evo Mortgage
Company NMLS# 1738461
Personal NMLS# 57916

For assistance with Kentucky mortgage loans, reach out via email, call, or text Joel Lobb directly.


Kentucky Local Home Loan Lender Services

✅ First-Time Home Buyers Welcome
✅ FHA, Rural Housing (USDA), VA, and Kentucky Housing Corporation (KHC) Loans
✅ Conventional Loan Options Available
✅ Fast Local Decision-Making
✅ Experienced Guidance Through the Home Buying Process