Need Down Payment Assistance on a Home Loan Here in Louisville KY?
Need down payment assistance so you can buy a new home?
Exciting news about where you can find down payment assistance here in Louisville KY.
We just got this email from one of our favorite lenders, Jason Justice with First Commonwealth Mortgage.
Good afternoon to Team LREP!
Just wanted to let you know the good news that First Commonwealth is now an approved lender for Kentucky Housing Corporation. If you have a client that looking to go Conventional with little or no money down send them my way. See below some of the highlights on the programs that KHC has to offer.
Conventional 30 year fixed loan:
97% loan with NO monthly mortgage insurance to a 680 credit score
3% down required can be in a gift form, borrower’s own funds or Kentucky Housing Down Payment Assistance
FHA 30 year fixed loan:
96.5% financing going FHA to a 640 credit score
3.5% down required can be a gift form, borrower’s...