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KHC's Loan Reservation System
The Kentucky Housing Corporation (KHC) Loan Reservation System will be down for maintenance from 4-5 p.m. today, Thursday, December 10.
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$15,000 HHF DAP
KHC is proud to announce a new Hardest Hit Fund Down payment Assistance Program (HHF DAP), available with new reservations on or after Wednesday, January 20, 2016.
HHF DAP Guidelines:
- $15,000, 0 percent interest, forgivable second mortgage loan with a five-year term.
- No limit on first mortgage amount.
- Property (new or existing) must be located in one of the four counties:
- Christian
- Hardin
- Jefferson
- Kenton
- Secondary Market Purchase Price and Income Limits apply.
- Borrower must be a first-time home buyer (no ownership interest in the last three years).
- Pre-purchase home buyer education required.
- Dodd-Frank Affidavit must be completed (will print with loan reservation).
The HHF DAP will utilize a GFE, TIL, and HUD-1, since it does not meet TRID regulations. These documents will be provided through KHC's Loan Reservation System.
KHC's Program Guides have been updated to reflect this new HHF DAP. KHC also has marketing fliers for the HHF DAP on KHC's website, under Lenders, Lender Resources.
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Save the Date!
Make sure to include registration for the 2016 Kentucky Affordable Housing Conference in your budget planning! The conference will be Tuesday and Wednesday, October 18-19, 2016, at the Crowne Plaza Louisville. Stay tuned to KHC eGrams for more information.
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