Interest Rates
 Buying a Home?
 

Home
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
Translation Disclaimer

Like us on Facebook   
Follow us on Twitter Subscribe to me on YouTube
TTY 711

Equal Housing Opportunities
 
Kentucky Unbridled Spirit-External Site  

Down Payment and Closing Costs Assistance

Bookmark and Share

Kentucky Housing recognizes that down payments, closing costs and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your KHC-approved lender can help you apply for the program that meets your need.

Regular DAP

  • Purchase price up to $243,000.
  • Assistance in the form of a loan up to $6,000 in $100 increments.
  • Repayable over a ten-year term at 5.50 percent.  A DAP of $6,000 over ten years at 5.50 percent interest would equal a payment of $65.12.
  • Available to all KHC first-mortgage loan recipients.

Affordable-DAP

  • Purchase price up to $243,000.
  • Assistance up to $4,500
  • Repayable over a ten-year term at 1.00 percent. 
  • Borrowers must meet Affordable DAP Household Income Limits.

More about down payment and closing costs

  • No liquid asset review and no limit on borrower reserves.
  • Specific credit underwriting standards may apply to down payment programs.

 



 
 
For more information contact:

Homeownership Department
(502) 564-7630 ext. 291
(800) 633-8896 (KY only)
 

1231 Louisville Road, Frankfort, Kentucky 40601
The free Flash plug-in is required to view some multimedia content.
The free Acrobat reader is required to view many of our (pdf) documents.
Get Acrobat Reader
  Click here to log in
Home  Site Map   Fraud Policy   Privacy Policy   Legal Notices   Open Records   Contact Us   Search