Kentucky Regular DAP

Kentucky Regular DAP es una subvención para compradores de vivienda en Statewide, Kentucky. KHC's flagship statewide repayable down payment assistance program. Up to $12,500 (minimum $1,000) at 4.75% fixed amortized over 15 years, paired with a KHC first mortgage. Open to first-time and repeat homebuyers. $544,232 max purchase price, Secondary Market / MRB income limits, 620 FICO. Enter in AUS as subordinate financing. Kentucky Housing Corporation's Regular Down Payment Assistance Program (Regular DAP) provides a repayable second mortgage of $1,000 to $12,500 (in $100 increments) to qualifying KHC first-mortgage borrowers. The DAP second is amortized over 15 years at a fixed 4.75% interest rate (per current KHC grid effective 11/20/2025). Funds may be applied to down payment and/or customary closing costs. The Regular DAP is paired with a KHC first mortgage (FHA, RHS/USDA, VA, HFA Preferred, HFA Preferred Plus 80, or Freddie HFA Advantage). Open to both first-time and repeat home buyers. Statewide. Los fondos provienen de State, Bond y Secondary Market.

Kentucky Regular DAP está estructurado como una subvención, así que no se devuelve. El reembolso se activa por Monthly amortizing second mortgage y principal and interest payments due each month for 15 years alongside the first mortgage. Balance also due in full on sale, refinance, or transfer of the property. La ayuda se registra con un gravamen en posición 2nd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Kentucky Regular DAP está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: 620 minimum FICO (KHC overlay); specific first-mortgage products (FHA, VA, USDA, HFA Preferred) may require higher per their own overlays. Requisito de residencia: Property must be located in Kentucky and used as borrower's primary residence. Ciudadanía o situación migratoria: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays. Borrower must obtain a KHC first mortgage to be eligible for DAP funds. Minimum 620 FICO (KHC overlay; specific products may require higher). Maximum 50% DTI with AUS approval. Must qualify for the additional monthly DAP payment (15-year amortizing second at 4.75%). Owner-occupied primary residence. Property must be located in Kentucky. Income at or below KHC's Secondary Market or Mortgage Revenue Bond limits (varies by product, county, household size; Secondary Market limit currently $195,650 for upper-tier areas/large household). Maximum purchase price $544,232. Both new construction and existing properties eligible. Required repairs (if any) must be paid by buyer or seller using OWN funds, not DAP. DAP not required to be at maximum first-mortgage LTV. $50 KHC document preparation fee + $80 recording fee due to closing agent. Enter as Subordinate Financing in AUS.

Kentucky Regular DAP limita el ingreso del hogar a $195,650. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Kentucky Regular DAP limita el precio de compra a $544,232. Los tipos de propiedad elegibles incluyen Single-family detached, condominium, townhouse, PUD, 2-unit (1 unit owner-occupied), manufactured home on permanent foundation (per overlays). New construction and existing properties both eligible. La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Kentucky Regular DAP menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional y cónyuges sobrevivientes entre los grupos a los que atiende. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

Kentucky Regular DAP atiende a compradores de vivienda que compran en Statewide, Kentucky. El programa se dirige a áreas específicas: Federally designated targeted census tracts (per IRS) where MRB-funded loans waive first-time-homebuyer requirements and offer higher income/purchase-price limits.

Las solicitudes de Kentucky Regular DAP se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Reserved through KHC's online Loan Reservation System by KHC-approved participating lender at time of rate lock. Subject to funding availability. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.