KHC's First Mortgage Government Loan Products

Federal Housing Administration (FHA)

- Minimum 620 credit score required.

- Financing to 96.50% of lesser of sales price or appraised value.

- All KHC DAPs and other KHC-approved secondary financing may be used.

- Maximum 6% seller-paid items.

- Maximum ratios of 40/45 with AUS approval. ?

. Rural Housing Services (RHS)

- Minimum 620 credit score required.

- Financing to 100% of the appraised value, plus guarantee fee of 3.5%.

- All KHC DAP programs and other KHC-approved secondary financing may be used

- No maximum on seller-paid items.

- Ratio requirements and guarantee fee per agency guidelines.

- KHC will accept Government Underwriting System (GUS) findings, including reduced documentation and, with approval, expanded ratios up to 40/45.

Veteran's Administration (VA) ?

Minimum 620 credit score required.

- Ratios up to 40/45% with AUS Approval.

- Financing to 100% of the lesser of the appraised value or sale price.

- All KHC DAP programs and other KHC-approved secondary financing may be used.

- Maximum 4% seller-paid items.

- Follow agency guidelines for ratio requirements and funding fee. Mortgage Revenue Bond Programs - KHC Program Guide - September 30, 2010

Call us today at 502-905-3708 for your free-pre approval for your next home.....Same day approvals and free credit report. No application Fees EVER!