On March 18th, 2021 Kentucky Housing Corporation (KHC) Announced that they are offering 30 year fixed Mortgages at 1% interest rates to qualified buyers.
How to Qualify
First Time Homebuyers (Targeted Counties can also qualify, See Below) Household Gross Income cannot exceed $40,000 Must have a 620 or higher credit score Cannot own any other real estate at the time of closing
Targeted Counties
|
Adair |
Estill |
Lee |
Owen |
|
Allen |
Fleming |
Leslie |
Owsley |
|
Bath |
Floyd |
Letcher |
Pendleton |
|
Bell |
Fulton |
Lewis |
Perry |
|
Bourbon |
Gallatin |
Lincoln |
Pike |
|
Bovle |
Garrard |
Logan |
Powell |
|
Bracken |
Grant |
Madison |
Pulaski |
|
Breathitt |
Grayson |
Magoffin |
Robertson |
|
Breckenridge |
Green |
Marion |
Rockcastle |
|
Butler |
Harlan |
Martin |
Rowan |
|
Carlisle |
Harrison |
Mason |
Russell |
|
Carroll |
Hart |
McCreary |
Scott |
|
Carter |
Henry |
McLean |
Spencer |
|
Casey |
Hickman |
Menifee |
Todd |
|
Clark |
Hopkins |
Metcalfe |
Trimble |
|
Clav |
Jackson |
Montgomery |
Wayne |
|
Crittenden |
Knott |
Morgan |
Webster |
|
Cumberland |
Knox |
Nelson |
Whitley |
|
Edmonson |
Larue |
Nicholas |
Wolfe |
|
Elliott |
Lawrence |
Ohio |
|
Census Tracts
Boyd County: 301
Campbell County: 501
Daviess County: 2,3
Fayette County: 4
Hardin County: 15
Louisville and Jefferson County: 2, 14, 23, 24, 27, 30, 35, 43.02, 59, 62
McCracken County: 302, 303
Warren County: 102, 103
Program Options
The MRB (Mortgage Revenue Bond) funding program is on a first-come, first-served basis. It starts on Friday, March 19th, 2021.
Purchase a new or existing construction property (Available for use with the purchase of stick-built homes, manufactured homes, and condos) Select either FHA, VA, or RHS options Use the Affordable Down Payment Assistance Program (DAP) (Affordable DAP provides up to $6,000 for the down payment and closing costs as a repayable loan over a 10-year term)
*Source Kentucky Housing Corporation
