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Like KHC on Facebook
Be
the first to know Kentucky Housing Corporation (KHC) news by clicking "like" on our Facebook page!
KHC Facebook followers often see updates before eGrams. Connect with KHC today!
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MRB Special Funding Program
KHC has $5 million in special funding available at 2.00 percent fixed interest rate for 30 years. The Mortgage Revenue Bond (MRB) Special Funding Program is available on a first-come, first-served basis, with reservations only.
Who can qualify for this deal?
- Households that do not exceed $35,000 gross annual income, and meet ONE of the following:
- At least one home buyer is 62 years old or older.
- At least one member is disabled and is receiving disability income.
- A single- or two-parent household with at least one dependent child under the age of 18 living in the home.
Special Funding qualifications included:
- Must be a first-time home buyer, unless property in a targeted county.
- Regular and Affordable Down payment Assistance Program available.
- Existing and new construction (purchase price limit of $115,000).
- 640 minimum credit score.
- FHA, VA, and RHS first mortgage options.
The MRB Special Funding Program flier is available on
KHC's website, under Lenders,
Marketing Tools.
Make someone happy today by telling them, even with lower income, their dream of homeownership can be a reality.
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Fannie Mae Conventional Program
A recent announcement to the Fannie Mae conventional program allows borrowers to own other real estate property (Secondary Market only) at time of closing. Lender must follow Fannie Mae Agency Guidelines in regards to the existing mortgage. The Secondary Market Program Guide has been updated to reflect this change. KHC program guides are available on
KHC's website, under
Lenders.
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2016 Kentucky Affordable Housing Conference
Registration for the 2016 Kentucky Affordable Housing Conference is now available! This year's conference will be Tuesday and Wednesday, October 18-19, 2016, at the Crowne Plaza Louisville Airport Expo Center.
Below is a list of the workshop sessions for Single-Family Programs and Housing Counseling:
Tuesday, October 18
- The New American Homebuyer
- Map your way to more home buyers!
- Uncle Sam Wants You.....To Help More Veterans!
Wednesday, October 19
- The Unforeseen Costs of Higher Education: How Student Loans Impact Future Homeownership
- Investing in the future of Rural Kentucky
For workshop descriptions, please visit the 2016 Kentucky Affordable Housing Conference website, under Workshops. Register today!
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Snap, Tag, Win!
Congrats to Tracy Holtsclaw, with Commonwealth Bank and Trust Company, for being the July winner of the #MyKHCHome selfie contest!
Tracy and her client, Charles, have each won a $100 gift card.
Just snap, tag, and win! Make sure to use #MyKHCHome with each post. The next winners will be announced on Thursday, September 1, 2016.
Full details and contest rules, including a printable flier, are available on KHC's website!
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