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MRB Special Funding Program
KHC has $3.5 million in special funding available at 2.00 percent fixed interest rate for 30 years. This special funding program is available on a first-come, first-served basis, starting with reservations on Wednesday, July 8, 2015.
Who can qualify for this deal?
- Households that do not exceed $35,000 gross annual income, and meet ONE of the following:
- At least one home buyer is 62 years old or older.
- At least one member is disabled and is receiving disability income.
- A single- or two-parent household with at least one dependent child under the age of 18 living in the home.
Special Funding qualifications included:
- Must be a first-time home buyer, unless property in a targeted county.
- Regular and Affordable Down payment Assistance Program available.
- Existing and new construction (purchase price limit of $115,000).
- 640 minimum credit score.
- FHA, VA, and RHS first mortgage options.
A downloadable MRB Special Funding Program flier is available on KHC's website, under Lenders, Marketing Tools.
Make someone happy today by telling them, even with lower income, their dream of homeownership can be a reality.
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Paperless Begins June 15!
Lenders may begin uploading electronic files beginning with reservations as of Monday, June 15, 2015. Kentucky Housing Corporation (KHC) has developed a presentation and checklists explaining required items per file type using the electronic document uploading process. This information is located on KHC's website, under Lenders, Lender Resources, Training.
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Lender Regional Trainings
KHC's Single-Family Programs will offer regional lender trainings about the paperless process, TRID, and special funding across the state in June 2015. Join us to learn how to utilize KHC mortgage products to serve your home buying clients!
Tuesday, June 16, 2015
10 a.m.-noon ET
Northern Kentucky Association of Realtors
7660 Turfway Road, Suite 100
Florence, KY 41042
Tuesday, June 23, 2015
10 a.m.-noon CT
Southern Kentucky Association of Realtors
180 W. Professional Park Court
Bowling Green, KY 42104
Thursday, June 25, 2015
10 a.m.-noon CT
Greater Owensboro Realtor Association
2850 Farrell Crescent
Owensboro, KY 42303
To register for any of these classes, please visit the Homeownership Calendar, available on KHC's website, under Lenders.
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