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11th Annual Lender Luncheon Award Winners!
The 11th Annual Lender Luncheon, announcing top Kentucky Housing Corporation (KHC) producers, was held today, March 3, 2016, at Claudia Sanders in Shelbyville, Kentucky. The following partners received awards:
- Overall Top Producing Lender: American Mortgage Service Company
- Top Producing Lender First Runner-Up: Stockton Mortgage Corporation
- Top Producing Lender Second Runner-Up: Century Mortgage Company
- Overall Top Loan Officer: Darrell Overstreet, Key Mortgage Company Inc.
- Overall Top MCC Lender: Stockton Mortgage Corporation
- Overall Top Third Party Originator: Independence Bank of Kentucky
To see a complete list of all KHC's top producers, as well as photographs from the 11th Annual Lender Luncheon, please visit KHC's website, under Lenders, KHC Top Lenders.
Congratulations to all our award winners! Our partnerships, with hard work and excellence, allow many Kentucky families to become homeowners each year. Thank you for your work to help individuals and families realize the dream of homeownership.
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MRB Special Funding Program
KHC has $5 million in special funding available at 2.00 percent fixed interest rate for 30 years. The Mortgage Revenue Bond (MRB) Special Funding Program is available on a first-come, first-served basis, with reservations available on Monday, March 7, 2016. New reservations only.
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 targeted county.
- Existing and new construction (purchase price limit of $115,000).
- Regular and Affordable Down payment Assistance Program available.
- 640 minimum credit score.
- FHA, VA, and RHS first mortgage options.
Make someone happy today by telling them, even with lower income, their dream of homeownership can be a reality.
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HHF DAP Success Story
KHC launched the Hardest Hit Fund (HHF) Down payment Assistance Program (DAP) product in January 2016. The program provided first-time home buyers with $15,000 for down payment and closing costs assistance for the purchase of new or existing homes in Christian, Hardin, Jefferson, and Kenton counties.
KHC reserved $8.3 million in HHF DAP loans in one hour. This equaled 559 loans instead of original target of 467 loans!
We were able to speak with one of the recipients of this special funding, as she shared her success story. Please read about Genet's homeownership opportunity, as well as view the final stats about the HHF DAP in the HHF DAP Results flier available on KHC's website, under Lenders, Marketing Tools.
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