News


$10,000 HHF DAP Available

Jan 9
12:50
PM
2018
Category | Kentucky Housing

$10,000 HHF DAP Available

Kentucky Housing Corporation (KHC) is proud to announce a new round of Hardest Hit Fund (HHF) Down payment Assistance Program (DAP), a total of $5 million will be available for new reservations beginning:

 

 

Tuesday, January 9, 2018, at 10 am, ET. The HHF DAP will be available on a first-come, first served basis, based on the completion of the first mortgage and HHF DAP Reservations. 

 

 

 

HHF DAP Program Guidelines:

  • $10,000, zero-percent interest, forgivable second mortgage loan with a five-year term.
  • Property must be located in one of the four counties:
    • Christian
    • Hardin
    • Jefferson
    • Kenton
  • No New-Construction properties allowed.
    • Property has to have been previously occupied.
  • Secondary Market Purchase Price and Income Limits apply - $130,725 - Kenton Co
  • Borrower must be a first-time home buyer (no ownership interest in the last three years).
    • Most recent three-year federal tax returns or tax transcripts required.
  • Pre-purchase homebuyer education required for all borrowers.

 

Please contact us today for more Information. 

 

 

 

 



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