Wednesday, December 16, 2015

KY Housing Corporation will be offering $15,000 forgivable down payment assistance

Hardest Hit Fund DAP
For new reservations starting Wednesday, January 20, 2016. Contracts and applications may be dated prior to January 20.
  • Zero percent interest rate for first-time home buyers.
  • A non-repayable second mortgage for $15,000.
  • Forgiven after five years.
  • Home purchase must be located in Christian, Hardin, Jefferson, or Kenton counties.
  • Applicants must meet secondary market income and buying limits.
 
First time home buyers, LISTEN UP: Starting Jan. 20th, KY Housing Corporation will be offering $15,000 forgivable downpayment assistance (TRANSLATION: that's $15,000 of FREE MONEY that can be used towards down payment OR closing costs & prepaid items on a home purchase) for several counties in Louisville, including Jefferson. The income limit is $112,000 and the purchase limit is $294,000, so it's VERY inclusive. The funding for this government program will go FAST