Get Ready . KHC is offer $4 million in funding available with new reservations on or after Thursday, September 1, 2016. This will go super fast so I…
Source: $10,000 DOWN PAYMENT ASSISTANCE GRANT FOR LOUISVILLE KENTUCKY HOME BUYERS BEGINNING SEPTEMBER 1ST 2016
You must have a house under contract and meet the following guidelines below:
- Zero percent interest rate for Louisville Kentucky 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.
- Applicants must meet secondary market income and buying limits.
- Minimum 640 Credit Score
- Max Purchase Price Limit of $283,000
- Max Household Income Limits of $117,250
- Must provide 3 years tax returns to prove a first time home buyer in Louisville KY
- Must complete an online homebuying course
- Max debt to income ratios of 40 and 45% respectively with Approved Eligible Findings
- Never been convicted of a felony crime in last 10 years for tax evasion, larceny or real estate transaction..
- No Bankruptcies last 2 years for FHA
Joel Lobb (NMLS#57916)
Senior Loan Officer
Company ID #1364 | MB73346
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NMLS ID# 57916, (www.nmlsconsumeraccess.org
). I lend in the following states: Kentucky