In This Issue

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Affordable DAP - Applicant's Income Only 
Effective today, Kentucky Housing Corporation (KHC) Affordable Down payment Assistance Program (DAP) Income Limits have been updated to only include applicant's income - not household income. The Affordable DAP Income Limits are based on any household size. Please review KHC Program Guides for specific details, which are available on KHC's website under Lenders. 
Electronic Welcome Letter from KHC to Our New Homeowners 
Kentucky Housing Corporation (KHC) has begun emailing new borrowers of closed loans congratulating and welcoming the new mortgagor, and sharing information about loan servicing. A part of this communications includes a survey about their experience through the loan process.

Please be sure to complete the email address of all borrowers on the Loan Review tab in KHC's Loan Reservation System when reserving a loan with KHC.

A few of the positive responses KHC recently received from new homeowners from April closings, gave special acknowledgment to the following loan officers:
  • Becky Bleemel, Loan Officer with Caliber Home Loans
  • Elayne Havens, Loan Officer with American Mortgage Service Company
  • Seldon Sullivan, Loan Officer with Prime Lending
  • Keith Swisher, Loan Officer with Statewide Mortgage
All four were ranked as knowledgeable, helpful, and prompt to answer questions. Great job! Good customer service increases future referrals. Thank you for the good work! Stay tuned for more five-star acknowledgements! 
KHC Regional Trainings 
Please plan to attend KHC's Regional Trainings for all lenders this summer, where new programs and updates to be announced. Be one of the first "in the know". Dates and locations are listed below:

Tuesday, July 18, 2017
10 a.m.-Noon ET
Greater Louisville Association of Realtors (GLAR)
6300 Dutchmans PKWY
Louisville, Kentucky 40205

Thursday, July 20, 2017
10 a.m.-Noon ET
Northern Kentucky Association of Realtors (NKAR)
7660 Turfway Road
Florence, Kentucky 41042

Monday, July 24, 2017
10 a.m.-Noon ET
Lexington-Bluegrass Association of Realtors (LBAR)
2250 Regency Road
Lexington, Kentucky 40503

Thursday, July 27, 2017
10 a.m.-Noon CT
Realtor Association of Southern Kentucky (RASK)
180 W Professional Park Ct.
Bowling Green, Kentucky 42104

Space is limited; reservations are first-come, first-served. Please RSVP to jswindler@kyhousing.org with attendee names and the location you would like to attend. 
KHC Administrative Fees 
With new reservations effective Saturday, July 1, 2017, KHC's administrative fee will increase from $105 to $125. This fee is charged to the borrower on all KHC first mortgage programs.
Appraisals for TPO Lenders 
Effective Saturday, July 1, 2017, the fee for the appraisals will be $495 for FHA and RHS loans, and $425 for Conventional loans. Final Inspection will be $150.

DO NOT REPLY-This is an unmonitored email address.

 

Kentucky Housing Corporation prohibits discrimination on the basis of race; color; religion; sex; national origin; sexual orientation; gender identity; ancestry; age; genetic information; disability; or marital, familial, or veteran status. 

 

To change your eGram preferences or to sign up for an eGram list, please visit KHC's website and click on the eGram icon under Quick Links, or click on the "e" at the top of each page on KHC's website.