Through the Kentucky Housing Corporation (KHC), eligible homebuyers may receive up to $12,500 to help cover their down payment and closing costs. Our team can help you determine if you qualify and guide you through every step of the process
Lower up-front cash required.
Access homeownership sooner.
Flexibility with your savings.
Assistance in the form of a second loan from Kentucky Housing Corporation clears the biggest hurdle standing between renting and owning.
Applies toward the down payment and/or closing costs, cutting down how much borrowers have to save before they buy.
Borrowers who’ve been stuck saving can close on a home years sooner than they planned.
Freeing up cash at closing leaves more cushion for moving expenses, repairs, and the unplanned stuff that comes with owning a home.
Kentucky Housing Corporation structures this as a secondary loan, repaid over 15 years, and it can be layered with other lender incentives where available.
Up to $12,500 for down payment and closing costs assistance. Can be paired with FHA, Conventional, USDA, or VA loans with a minimum 620 credit score.
A 15-year secondary loan at a locked rate with no prepayment penalty, separate from and in addition to the first mortgage.
Open to borrowers on a qualifying first mortgage that meets Kentucky Housing Corporation’s purchase price, credit requirement, and income limits.
Parker Massengill
Bank Partnerships Manager, Loan Officer
NMLS #2226909
Office: 919-439-2981
Email: pmassengill@goprime.com
Serving in FL, GA, KY, NC, SC, VA
Branch: Apex
Submit the application below and Parker will personally reach out to walk you through your Kentucky Housing Corporation down payment assistance options.
Talk to your loan officer about pairing Kentucky Housing Corporation’s down payment assistance with your mortgage.