Kentucky Housing Corporation's (KHC) Regular Down Payment Assistance (DAP) loan is 4% of the Purchase Price and is paid back over a 10 year term. The interest rate is the same as the borrower's first mortgage rate and is not to go below 6%. You can visit our website at www.kyhousing.org and select "Lender Services" and the "Lender Manual Quick Reference Guide", page seven for more details.
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.
