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Expiring Soon: Down Payment Assistance in Christian County, Kentucky

Expiring Soon: Down Payment Assistance in Christian County, Kentucky

Expiring Soon: Down Payment Assistance in Christian County, Kentucky 

Christian County DAP blog graphic V2-02If you found out that you could receive $10,000 towards your down payment and closing costs would it be a game changer? For many first-time home buyers in Christian County, KY –271, to be exact—it was.  These individuals and families were able to realize their goal of home ownership with the help of Kentucky Housing Corporation’s (KHC) down payment assistance program, Hardest Hit Funds (HHF-DAP). This program has been available since 2016 but is set to expire at the end of this year. If you are considering buying a home or know someone who is, now is the time to make the call and see how you can take advantage of this wonderful arrangement from KHC, just like Zirconia and Jon did—continue reading for their stories.

One resident of Hopkinsville, Zirconia Alleyne, Kentucky New Era’s Newspaper Editor explains her struggle to realize her dream of home ownership; she said, “This goal has been on my mind for a few years now, but the chances of it happening were looking grim.” As with most 20 somethings, having enough money saved for a down payment on a home is a difficult prospect which can put off home buying plans for many years. Alleyne shares her experience with that same struggle, “I’ve managed my money, paid my bills on time and put a little money away as a young adult, but that doesn’t always translate to having extra funds to make adult purchases like a house. Anyhow, KHC made that a possibility for myself and so many others who are in my situation.” If you want to read more about Alleyne’s experience, I have linked her article below.

Another twenty-something in Christian County, Jon Richardson, took advantage of the HHF- DAP to purchase his first home. This program not only helps home buyers cover the down payment requirement but can contribute to covering closing costs which can total up to $5,000. “It’s essentially free money. I don’t know why anyone wouldn’t want to take the offer,” Richardson said. “It really helped me with the down payment. It really sealed the deal for me on buying a home.” You can read more about Richardson’s experience in the article linked below.

If you or someone you know is thinking about buying a home, encourage them to call about this program as soon as possible—the reservation of funds must be completed before the end of the year. Becoming a homeowner benefits the individual, his or her family and the community. Let’s get more people invested in the Christian County community while helping them realize their dream of homeownership. To have someone contact you about this program or if you have general home financing questions, click here and someone will be in touch with you shortly!

If you are a real estate professional, join our local mortgage bankers, Sue Ann McKissick and Brandi Alexander, on November 13th for a lunch and learn to discuss how you can help your customers benefit from these funds. Click here to register for this free event!


Article Links: 

Zirconia Alleyne realizes her dream of home ownership

Jon Richardson, 27, buys his first home

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