KHC Offers Lowest Home Loan Interest Rates in History



FOR IMMEDIATE RELEASE

KHC Offers Lowest Home Loan Interest Rates in History

Presidential initiative allows Kentucky’s housing corporation to offer unbeatable interest rates

FRANKFORT, Ky. (Jan. 6, 2010)—Gov. Steve Beshear today announced that Kentucky Housing Corporation (KHC) will begin offering the lowest interest rates in its history thanks to President Obama’s Homeowner Affordability and Stability Plan.

“With housing industry troubles leading nearly every newscast and topping nearly every paper for the last year, it’s rare to find a positive point to focus on,” said Gov. Beshear. “Kentucky Housing Corporation is now offering positive housing news for Kentuckians.”

KHC’s rate for government loans (Federal Housing Administration, Veterans Administration and Rural Housing Service) are currently at 4.375 percent.  Applicants with a 700 or better credit score who are not using KHC down payment assistance can receive a 4.125 percent rate.  These are the lowest rates that KHC has ever offered, and they plan to help as many Kentuckians as possible achieve homeownership.  KHC has a stated goal of helping 3,500 first-time home buyers and second-time home buyers in targeted counties acquire homes in 2010.

All rates are believed to be accurate but cannot be guaranteed and are

subject to change without notice. Minimum down payment requirements,

620 FICO score, and other restrictions apply. KHC programs are only

available through approved lenders. KHC does not originate loans.

700+ CREDIT RATES*

LOAN REGULAR ZERO-POINT

TYPE RATE RATE

Government Rates 4.125% 4.50% 30 year fixe rates

(FHA, VA, and RHS Products)

* Borrowers NOT using KHC-funded down payment assistance are eligible.

CURRENT MORTGAGE

REVENUE BOND (MRB)

INTEREST RATES

LOAN REGULAR ZERO-POINT

TYPE RATE RATE

Government Rates 4.375% 4.75% 30 year fixed rates

(FHA, VA, and RHS Products)

welcome the

historically

low rates

new year with

KHC INTEREST RATES

(As of january 05, 2010)

rates subject to change

without notice

Call or email me if you are interested.

Joel Lobb

Senior Mortgage Loan Officer

Key Financial Mortgage

107 S. Hurtsbourne Parkway

Louisville Ky 40222

ph# 502-905-3708

fax# 502-895-2266

jlobb@keyfinllc.com

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