$10,000 Down payment Assistance Still Out There Kentucky Home Buyers ! There is $1.5 million of the Hardest Hit Fund Down payment Assistance Program (HHF DAP) still available on a first-come, first-served basis, based on the completion of the first mortgage and HHF DAP reservations. HHF DAP Guidelines: $10,000, 0 percent interest, forgivable second mortgage loan with a five-year term. Not required to be at maximum LTV first mortgage amount. No less than 81 percent LTV with conventional loans. Property (new or existing) must be located in one of four counties: Christian Hardin Jefferson Kenton Funding Source (Secondary or MRB) Purchase Price and Income Limits apply. Can be used in conjunction with MRB Special Funding Program. Borrower must be a first-time home buyer (no ownership interest in the last three years.) Most recent three year federal tax returns or tax transcripts required. Pre-purchase home buyer education required for all borrowers. Joel LobbSenior Loan ...
