How It Works
KHC’s Down Payment Assistance (DPA) provides up to $12,500 toward your down payment and closing costs. The assistance comes in the form of a secondary loan paid back to KHC over 15 years and can be stacked with other incentives from our lenders, when available.
Advantages of KHC’s DPA
- Lower up-front cash required.
KHC’s DPA can help you cover your down payment and/or closing costs. That means you don’t need to save as much cash up front to get into a home. - Access homeownership sooner.
If you’ve been renting or struggling to save enough down payment, KHC’s program can help you buy a home earlier than you otherwise thought. - Flexibility with your savings.
The money you save on down payment might also give you more of a buffer for homeownership costs (moving, maintenance, unexpected expenses) which is a good thing.
KHC’s DPA covers the down payments costs for KHC mortgages that meet our purchase price and income limits and:
- Provides assistance in the form of a loan up to $12,500 in $100 increments.
- Repayable over a 15-year term as a secondary loan payment.
- Available to all KHC first-mortgage loan recipients.
Ready to Take the Next Step?
Want to know if you qualify for our help with down payment? The easiest way is to chat with one of our mortgage experts.