Louisville Kentucky Down Payment Assistance Mortgage Program

Louisville Ky Down Payment Assistance Program Mortgage

The Down Payment Assistance Program provides qualified Kentucky home buyers a loan to assist with purchasing a home which will be their primary residence.

Kentucky Home buyer households must have income no greater than 80% of median income, adjusted for family size.

All Kentucky Home buyers must complete HUD approved home ownership counseling before assistance can be committed. A Certificate of Completion from the counseling agency must be submitted with the application. Contact  us at 502-905-3708 or email us at kentuckyloan@gmail.com  The  Government has revised its Down Payment Assistance Program increasing the amount of assistance.

 

502-905-3708—call today for free application–

Homebuyers are responsible for obtaining primary financing with a fixed rate mortgage from a reputable lender.

A Housing Quality Standards inspection will be conducted by a Louisville Metro inspector before closing. All deficiencies must be corrected and verified by re-inspection prior to closing

A HUD-1 closing statement must be received two working days (48 hours) prior to closing.

Applications will be accepted at any time. Assistance is granted on a first come, first serve basis. For more information about the Down Payment Assistance Program, please call 502-905-3708

email us today for your free mortgage loan application—kentuckyloan@gmail.com

Louisville Ky Down Payment Assistance Program Mortgage

 

Louisville Kentucky Mortgage Downpayment Assistance for 2014

 

Kentucky Down Payment Assistance
 
This type of loan is administered  by KHC in the state of Kentucky. They typically have $4500 to $6000 down payment assistance year around, that is in the form of a second mortgage that you pay back over 10 years.
Sometimes they will come to market with other down payment assistance and lower market rates to benefit lower income households with not a lot of money for down payment.
KHC offers FHA, VA, USDA, and Conventional loans with their minimum credit scores being set at 640 for all programs. The conventional loan requirements at KHC requires 680 credit score.
The max debt to income ratios are set at 40% an 45% respectively.
Joel Lobb
Senior  Loan Officer
(NMLS#57916)
text or call my phone: (502) 905-3708
email me at kentuckyloan@gmail.com
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 my employer. Not all products or services mentioned on this site may fit all people. NMLS ID# 57916, (www.nmlsconsumeraccess.org). Mortgage loans only offered in Kentucky.
All loans and lines are subject to credit approval, verification, and collateral evaluation and are originated by lender. Products and interest rates are subject to change without notice. Manufactured and mobile homes are not eligible as collateral.

 

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6 thoughts on “Louisville Kentucky Down Payment Assistance Mortgage Program

  1. Pingback: Louisville Ky Down Payment Assistance Mortgage Program | Kentucky First Time Home Buyer Programs

  2. Pingback: Louisville Ky Down Payment Assistance Mortgage Program | Louisville Kentucky Mortgage Loans

  3. Pingback: Louisville Ky Down Payment Assistance Mortgage Program – Louisville Kentucky Mortgage Loans

  4. Pingback: Louisville Kentucky Down Payment Assistance Mortgage Program – Louisville Kentucky Mortgage Loans

  5. Pingback: $15,000 Down payment Assistance Grant for Kentucky First Time Homebuyers | Kentucky First Time Home Buyer Programs for 2017 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky

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