Kentucky Housing Corporation Mortgage Loans
Kentucky Housing Corporation (KHC)
Program Overview
Kentucky Housing Corporation offers affordable mortgages with competitive interest rates and flexible terms. Serving Kentucky since 1972, assisting over 100,000 families across all 120 counties. Features below-market rates, low down payments (as low as 3%), flexible credit requirements (minimum 640), 30-year fixed rates, and no prepayment penalties. Multiple loan types available: Conventional 97 (3% down), FHA (3.5% down), VA (0% down for veterans), and USDA Rural Development (0% down for rural areas).
Eligibility Requirements
• Income limits vary by county ($99,800-$173,460)\n• Purchase price up to $544,000 (higher in targeted counties)\n• Home must be primary residence\n• Homebuyer education required for most first-time buyers\n• Minimum 640 credit score\n• Maximum 50% debt-to-income ratio
Additional Requirements
• Application through KHC-approved lender only\n• Complete homebuyer education course\n• Income and credit verification\n• Property inspection and appraisal
How to Apply
1. Complete homebuyer education course\n2. Find KHC-approved lender in your area\n3. Get pre-approved with application and documentation\n4. Shop for homes within program limits\n5. Make offer with pre-approval letter\n6. Complete loan processing and underwriting\n7. Close and receive your keys