What is KHC's policy for borrowers wanting to refinance? Can the DPA be subordinated?

FAQ Content

KHC allows the following refinances:

  • FHA
    • Streamline Non-Credit Qualifying
    • Credit-Qualifying, Simple
    • Rate/Term
  • RHS Streamlined-Assist
  • VA Interest Rate Reduction Loan (IRRL)

KHC will only subordinate a DPA loan when the first mortgage is coming back through KHC. If refinancing with another investor, the DPA must be paid in full. There are no pre-payment penalties.

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