KHC has $5.5 million available at 1% interest rate, fixed for 30 years

Originally posted on Louisville Kentucky Mortgage Loans:
Joel Lobb?(NMLS#57916)Senior? Loan OfficerAmerican Mortgage Solutions, Inc.10602 Timberwood Circle Suite 3Louisville, KY 40223Company ID #1364?|?MB73346Text/call 502-905-3708kentuckyloan@gmail.com If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708. Disclaimer: No statement on…

KHC has $5.5 million available at 1% interest rate, fixed for 30 years

Program Details

 

Targeted Program

The MRB special funding program is intended for:

  • Households whose gross annual income does not exceed $40,000
  • First-time homebuyers (unless in a targeted county)
  • Those with a credit score of at least 620
  • Cannot own any other real estate at closing
 

Mortgage Options

With the MRB special funding program buyers can:

  • 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 first mortgage options
  • Use the Affordable Down payment Assistance Program (DAP)
    • Affordable DAP provides up to $6,000 for down payment and closing costs as a repayable loan over a ten-year term

Louisville Kentucky Mortgage Loans

Joel Lobb(NMLS#57916)
Senior Loan Officer
American Mortgage Solutions, Inc.10602 Timberwood Circle Suite 3Louisville, KY 40223Company ID #1364|MB73346Text/call 502-905-3708
kentuckyloan@gmail.com

http://www.nmlsconsumeraccess.org/

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.

Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points…

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