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Down Payment Program - KY

Down Payment Closing Cost Assistance

KHC recognizes that down payments, closing costs, and prep​aids are stumbling blocks for many potential home buyers. Here are several loan programs to help.  Option Financial is a Delegated Lender with Kentucky Housing allowing it to offer and underwrite these loans in house.

 

Regular DAP

  • Purchase price up to $301,294 with Secondary Market.
  • Assistance in the form of a loan up to $6,000 in $100 increments.
  • Repayable over a ten-year term.
  • Available to all KHC first-mortgage loan recipients.

Affordable DAP

  • Purchase price up to $301,294 with Secondary Market.
  • Assistance up to $6,000.
  • Repayable over a ten-year term.
  • Borrowers must meet Affordable DAP income limits.


More about down payment and closing costs

  • No liquid asset review and no limit on borrower reserves.

 

OPTION FINANCIAL, LLC
6551 Harrison Avenue, Cincinnati, OH  45247
Office:  (513) 598-5900
Fax:  (513) 598-5153
foberle@optionfinancial.com
Copyright © 2019 Option Financial, LLC (NMLS #2380)
A subsidiary of New Foundation Savings Bank (NMLS #487896)

Copyright © 2008 OPTION FINANCIAL, LLC

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