A few benefits of obtaining a Kentucky Housing Corporation (KHC) mortgage loan are...

• Lower interest rates than market average
• Extended lock-in periods for the interest rate; 60 days with existing property or 120 days for new construction
• Down payment assistance programs
• Flexible loan programs including Federal Housing Administration (FHA), Veteran Administration (VA), Rural Housing Services (RHS) and Conventional
• Higher income limits which allows more borrowers to qualify
• Purchase price limit of $237,000.
• Or, $195,700.00 when using HOME Funded Down-Payment Assistance (DAP) loans.

Overall, you are giving your borrower a lower monthly payment.  If the borrower meets all income limits and is within the purchase price limits, there is no reason NOT to go through Kentucky Housing Corporation (KHC).

If you have further questions regarding KHC program guidelines and you are unable to locate the answer on the Info Center, please submit your question online by selecting the "Ask a Question" option which is located at the top of each screen.  Or, you may contact one of the following representatives for assistance; Cindy Bradley at extension 347, Laura Sudduth at extension 222, Veronica Ramsey at extension 318, extension 329 for Jamie Swindler or extension 315 for Jaime Williamson.