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Kentucky Housing Corporation Honors Top Lenders

Lending Partners Ensure Safe Home Loans for Kentuckians

 

FRANKFORT, Ky. – Kentucky Housing Corporation (KHC), the state housing finance agency, recognized its 2014 top lending partners of affordable mortgage loans at the 10th Annual Lender Luncheon today in Shelbyville.

Kentuckians who received a KHC home loan in 2014 worked with one of 107 partnering lender banks and mortgage companies in communities across the state. KHC offers loans for first-time and repeat home buyers, and refinancing options for current homeowners. Since 1972, more than 88,000 Kentuckians have become homeowners by obtaining a KHC loan.

At the luncheon, KHC introduced the Mortgage Revenue Bonds (MRB) Special Funding Program with a 2.00 percent fixed interest rate for 30 years. The MRB Program aids households whose gross annual income does not exceed $35,000 and who meet one of the following criteria:  at least one of the home buyers is age 62 or older; at least one household member is disabled and receives disability income; or is a single- or two-parent household with at least one dependent child under the age of 18 living in the home.

“Our purpose is to create sustainable homeownership solutions for Kentuckians,” said Brenda Walker, managing director of Single-Family Programs at KHC. “It would not be possible to assist so many families without the continued support of our mortgage partners; we are grateful for all they do to help home buyers access loan products with down payment assistance and fixed rates for the life of the loan.”

“The foundation of a healthy partnership is one of mutual goals, respect, and ethics. Without our partners, we at KHC could not provide homeownership opportunities for as many Kentucky families,” said Kathryn Peters, executive director of KHC. “We are grateful to our partners for helping us do what we do best:  provide low- and moderate-income families with safe, quality, affordable housing.”

Kentucky Housing Corporation 2014 Top Loan Producers

 Overall Top Producing Lender - American Mortgage Service Company

Top Producing Lender:  First Runner-Up - Century Mortgage Company

Top Producing Lender:  Second Runner-Up - Stockton Mortgage Corporation

Top Third Party Originator - South Central Bank

Mortgage Credit Certificate Award - Stockton Mortgage Corporation

Top Loan Officer - Darrell Overstreet, Key Mortgage Company Inc.

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www.kyhousing.org

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Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities.  As a self-supporting, public corporation, Kentucky Housing offers lower-than-market rate home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation and supportive housing programs for special needs populations.

 

Kentucky Housing Corporation prohibits discrimination in employment based on race; color; religion; sex, national origin; sexual orientation; gender identity; ancestry; age; disability; or familial or veteran status