Louisville Metro Down Payment Assistance
Louisville Mortgage Down Payment Assistance (Louisville Metro)
Louisville Metro Down Payment Assistance Information
DOWN PAYMENT ASSISTANCE PROGRAM
The Down Payment Assistance Program provides qualified homebuyers a loan to assist with purchasing a home which will be their primary residence.
Homebuyer households must have income no greater than 80% of median income, adjusted for family size.
All Homebuyers must complete HUD approved homeownership counseling before assistance can be committed. A Certificate of Completion from the counseling agency must be submitted with the application.
Metro Government has revised its Down Payment Assistance Program increasing the amount of assistance.
We are now offering Metro Wide assistance, and homebuyers may qualify for a forgivable mortgage which will be forgiven over a five (5) year period of 10% of the purchase price of the home to a maximum of $10,000.
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Louisville Kentucky FHA Streamline Mortgage Refinance
Kentucky Mortgage Refinance Questions to ask: Kentucky Housing VA FHA KHC USDA and FNMA
Kentucky FHA Refinance of Mortgage loan.
- 580 minimum score for credit
- Appraisal required sometimes, but not always.
- Maximum LTV/CLTV 97.75 percent (97.75 percent CLTV).
- 30-year term.
- Conventional, RHS, VA, or FHA existing loans.
Kentucky Rural housing Refinance Program
- 620 minimum credit score
- No appraisal required
- Must have made timely mortgage payments for the last 12 months
- 30-year term
- RHS existing 502 guaranteed loan