08/21/2025
Kentucky Housing Corporation (KHC) has temporarily boosted its Regular Down Payment Assistance Program (DAP) to $12,500! 🏡
That's a major win for prospective homeowners in Kentucky! 🏡
Here's a quick breakdown of what this enhanced Down Payment Assistance Program (DAP) from Kentucky Housing Corporation (KHC) means:
🔑 Key Highlights
• Effective Dates: The $12.500 DPA is available for new loans LOCKED on or after August 21 through November 30, 2025
• Assistance Amount: Down payment assistance is available up to $12,500 in increments of $100
• Repayment Terms: 15-year loan at 4.75% interest, fixed
💡 Why It Matters
• Greater Affordability: A larger DPA means lower upfront costs, making it easier for first-time buyers or those with limited savings to enter the housing market.
• Predictable Repayment: Fixed interest over 15 years offers stability and manageable monthly payments.
• Limited-Time Opportunity: Since it's only available for a few months, borrowers should act quickly to take advantage.
Call Russ Gerry today to get more information on how this can help you get into your first home 502-244-4344.