Thursday, March 20, 2014

Kentucky Housing KHC .25% Mortgage Rate for March 2014
Kentucky Housing First Time Home Buyer Zero Down Payment with Down Payment Assistance KHC

-- Introducing the .25% Fixed Interest MRB Special Funding Program! 

KHC has $4 million in special funding for households with lower income.  This program gives the borrower more buying power with a below-market interest rate of .25%, fixed for 30 years.  The program is available on a first-come, first-served basis, with reservations available as of today, March 19, 2014.  Never before have we offered a product of this magnitude.
 So who can qualify for this once in a lifetime deal?
  • Households that do not exceed $35,000 per year, and meet ONE of the following:
    • At least one homebuyer 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 include:
  • Must be a first-time homebuyer unless in a targeted county;
  • Existing and new construction (Purchase Price Limit $115,000);
  • Regular and Affordable DAP available;
  • 640 minimum credit score;
  • FHA, VA, and RHS first mortgage options;
  • AUS approval;
  • 40/45% maximum ratios
Joel Lobb
Senior  Loan Officer

American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223

 phone: (502) 905-3708
 Fax:     (502) 327-9119

 Company ID #1364 | MB73346