2017 Kentucky First Time Home Buyer Grant for $10,000 from Kentucky Housing


2017  Kentucky Home Buyer programs that Kentucky Home buyers use to purchase their first home.

Get Ready Louisville Kentucky First Time Home Buyers. KHC is offer $4 million in funding available with new reservations on or after July 18th, 2017. This will go super fast so I recommend have a house under contract before that date so you can attempt to secure the $10,0000 Downpayment Assistance Grant. First come, First Serve basis. The last grant like this one was gone within first few hours.

You must have a house under contract and meet the following guidelines below:

Zero percent interest rate for Louisville Kentucky first-time home buyers.
A non-repayable second mortgage for $10,000.
Forgiven after five years.
Home purchase must be located in Christian, Hardin, Jefferson, or Kenton counties.
Applicants must meet secondary market income and buying limits.
Minimum 620 Credit Score
Max Purchase Price Limit of $283,000
Max Household Income Limits of $117,250
Must provide 3 years tax returns to prove a first time home buyer in Louisville KY
Must complete an online homebuying course
Max debt to income ratios of 40 and 45% respectively with Approved Eligible Findings
Never been convicted of a felony crime in last 10 years for tax evasion, larceny or real estate transaction..
No Bankruptcies last 2 years for FHA

 kmnj10kdap2017
Apply for Kentucky Housing Down Payment Assistance

Down Payment Closing Cost Assistance

KHC recognizes that down payments, closing costs, and prep​aids 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.

Available July 18, 2017 — Hardest Hit Fund (HHF) DAP

  • Zero percent interest rate for first-time home buyers.
  • A non-repayable second mortgage for $10,000.
  • Forgiven after five years.
  • Home purchase must be located in Christian, Hardin, Jefferson, or Kenton counties.
  • New construction properties are not allowed.
    • ​Property has to have been previously occupied
  • Applicants must meet Secondary Market or MRB Income and Purchase Price Limits based on funding source.

Regular DAP

  • Purchase price up to $282,000 with Secondary Market or $253,800 with MRB.
  • 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 DAP

  • Purchase price up to $282,000 with Secondary Market or $253,800 with MRB.
  • Assistance up to $4,500.
  • Repayable over a ten-year term at 1.00 percent.
  • Borrowers must meet Affordable DAP income limits.

More about down payment and closing costs

  • No liquid asset review and no limit on borrower reserves.

 unnamed (75)
Joel Lobb
Senior  Loan Officer
(NMLS#57916)
 Fax:     (502) 327-9119

The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.  The posted information does not guarantee approval, nor does it comprise full underwriting guidelines.  This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of employer
Not all products or services mentioned on this site may fit all people.
NMLS ID# 57916, (www.nmlsconsumeraccess.org).

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4 thoughts on “2017 Kentucky First Time Home Buyer Grant for $10,000 from Kentucky Housing

  1. Reblogged this on Kentucky First Time Home Buyer Loans for 2017 and commented:

    Get $10,000 Down Payment Grant for Kentucky Home Buyers in 2017 HHF DAP KHC for your home purchase if you live in Christian, Hardin, Jefferson or Kenton counties.
    Three different types of forgivable down payment assistance programs are now available until all reservations are filled. Limited time!
    These programs provide first time homebuyers with $10,000 for down payment and closing costs assistance for the purchase of a new or existing property.
    FUNDS ARE FIRST COME FIRST SERVE!
    Give us a call today or email for more information.

  2. Pingback: 2017 Kentucky First Time Home Buyer Grant for $10,000 from Kentucky Housing – Louisville Kentucky Mortgage Loans

  3. $10,000 Down Payment Grant from KY Housing for Jefferson, Hardin, Christian, and Kenton Counties of Kentucky Homebuyers in these counties. First Come, First Serve.
    Joel Lobb
    Senior Loan Officer
    (NMLS#57916)
    American Mortgage Solutions, Inc.
    10602 Timberwood Circle, Suite 3
    Louisville, KY 40223
    text or call my phone: (502) 905-3708
    email me at kentuckyloan@gmail.com
    Hey everyone, KHC just released another $10,000 Down Payment Assistance Grant for 2017 Kentucky Home buyers for that’s available on a first come first serve basis!!! HHF DAP 2017
    Kentucky Housing Corporation (KHC) is proud to announce a new Hardest Hit Fund Down Payment Assistance Program (HHF DAP), a total of $4 million will be available for NEW reservations beginning today, Tuesday, July 18, 2017, at 2 p.m., ET. The HHF DAP will be available on a first-come, first served basis, based on the completion of the first mortgage and HHF DAP Reservations.
    HHF DAP Program Guidelines:
    $10,000, 0 percent interest, forgivable second mortgage loan with a 5 year term.
    Not required to be at maximum LTV first mortgage amount.
    No less than 81% LTV with Conventional Loans.
    Property must be located in one of the four counties:
    Christian
    Hardin
    Jefferson
    Kenton
    No new-construction properties allowed.
    Property has to have been previously occupied.
    Secondary market purchase price and income limits apply.
    Borrower must be a first-time home buyer (no ownership interest in the last three years).
    Most recent three year federal tax returns or tax transcripts required.
    text or call my phone: (502) 905-3708
    email me at kentuckyloan@gmail.com😀😀😀

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