Down Payment Assistance Program for Jefferson County Kentucky Louisville


Kentucky Housing recognizes that down payments, closing costs and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your KHC-approved lender can help you apply for the program that meets your need.Regular DAPPurchase price up to $243,000.Assistance in the form of a loan up to $6,000 in $100 increments.Repayable over a ten-year term at 5.50 percent.  A DAP of $6,000 over ten years at 5.50 percent interest would equal a payment of $65.12.Available to all KHC first-mortgage loan recipients.Affordable-DAPPurchase price up to $243,000.Assistance up to $4,500Repayable over a ten-year term at 1.00 percent.Borrowers must meet Affordable DAP Household Income Limits.More about down payment and closing costsNo liquid asset review and no limit on borrower reserves.Specific credit underwriting standards may apply to down payment programs.

via Down Payment Assistance Program for Jefferson County Kentucky Louisville.

via Down Payment Assistance Program for Jefferson County Kentucky Louisville.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s