Kentucky Housing Corporation
Our hearts are with all of the victims and families who have been impacted by the devastation of Hurricane Harvey. In the wake of this storm, we stand with our fellow neighbors with Hurricane Harvey Relief Resources to help those who have been displaced.
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Kentucky Housing Corporation

KHC Home Buyers

KHC Rental

KHC Development

KHC Specialized Resources

KHC Lenders

KHC Home Buyers

KHC Rental

 

KHC Development

KHC Specialized Resources

KHC Lenders

Home Buyers

Down Payment Closing Cost 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.

Not Currently Available -- 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.
  • Specific credit underwriting standards may apply to down payment programs.
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