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Home Buyers



Secondary Market Eligibility

To qualify for a Secondary Market KHC loan, you must meet the following requirements:

  • Meet Secondary Market Income Limits for your county.
  • Be a U.S. citizen, other national or qualified alien person.
  • Have the ability to provide a down payment or qualify for down payment assistance.
  • Have an acceptable credit history.
  • Can be a first-time buyer or repeat homeowner.

Property Eligibility

The home you wish to purchase must meet the following guidelines for both MRB and Secondary Market Loan Programs:

  • Borrower must occupy the home within 60 days of closing and for duration of loan.
  • New or previously occupied detached, single-family home.
  • New or previously occupied condominium, townhouse, or attached unit in a planned unit development. (Check with lender for eligible condominiums.)
  • New or previously occupied manufactured housing, single or double wide, permanently affixed to the foundation and taxed as real estate (must meet loan type's foundation requirements).

Purchase Price Limitations

Secondary Market First Mortgage Programs and MCC

Secondary Market New and Existing Homes................$301,294