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New Correspondent Lender Trainings
Kentucky Housing Corporation (KHC) is hosting "New Lender" trainings in Louisville and Northern Kentucky. If your company has new loan officers or processors who have never worked with KHC, or it has been a while since they have, this training may benefit them. Training dates, times, and locations are as follows:
Loan Officers and Processors
April 13, 2017 (9:00 a.m. - Noon)
Greater Louisville Association of Realtors (GLAR)
6300 Dutchmans Pkwy.
Louisville, Kentucky 40205
April 17, 2017 (9:30 a.m. - 12:30 p.m.)
Northern Kentucky Association of Realtors (NKAR)
7660 Turfway Rd.
Florence, Kentucky 41042
This is a basic lender training for KHC loan products, Down payment Assistance Programs (DAPs), reservation system, and workflow. Space is limited; reservations are first-come, first-served. Please RSVP to [email protected] with attendee names and the location you would like to attend.
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Please remember to like KHC on Facebook. While you're there, please leave a review to let others know what you think of the Corporation. You can find KHC's Facebook page at www.facebook.com/kyhousing.
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KHC offices will close at noon on Friday, April 14, 2017, in honor of Good Friday. KHC offices will reopen on Monday, April 17, 2017, at 8 a.m.
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MRB Special Funding Program
KHC still has $2.5 million available at 2 percent interest rate, fixed for 30 years. This special funding program is available on a first-come, first-served basis. This program is targeted to:
- Households whose gross annual income does not exceed $40,000.
- An existing or new construction property (purchase price limit $130,000) in a county not receiving HHF DAP funds*.
- 640 minimum credit score.
- FHA, VA, or RHS first mortgage options.
- Households who meet one of the following criteria:
- At least one of the home buyers is age 62 or older.
- At least one member of the household is disabled and receiving disability income.
- A single- or two-parent household with at least one dependent child under the age of 18 living in the household.
*Counties (Christian, Hardin, Jefferson, and Kenton) that have received Hardest Hit Funds (HHF) Down payment Assistance (DAP) funds are ineligible for MRB Special Funding.
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