Kentucky KHC Regular Down Payment Assistance Program Checklist

A step-by-step checklist for consumers applying for the Kentucky KHC Regular Down Payment Assistance Program in 2025.

Confirm Your Eligibility

Ensure your household income aligns with KHC's income limits, which vary based on family size and county.
A minimum credit score of 620 is typically required for FHA, VA, and RHS loans, while conventional loans may require a higher score.
The property's purchase price must not exceed $510,939 and it should serve as your primary residence.
Verify any other specific requirements, such as being a first-time homebuyer or purchasing in an eligible area.

Collect recent pay stubs, W-2 forms, or documentation for other income sources.
Obtain copies of your tax returns for the past two years, including all supporting schedules.
Gather bank statements from the last two to three months for all financial accounts.
Prepare details about the property, such as the address, purchase agreement, and sale price.
Compile any other documents requested by your Loan Officer, such as verification of assets, debts, or liabilities.

A Loan Officer will guide you through the KHC Regular Down Payment Assistance Program application process.
Schedule a meeting or call with your Loan Officer to review eligibility requirements and understand the application steps.
Address any questions about the program, required documentation, or application process.
Follow your Loan Officer’s guidance to gather and submit all required documentation efficiently.

Work closely with your Loan Officer to complete your application for the KHC Regular Down Payment Assistance Program.
Provide all required documents to verify your eligibility for down payment and closing cost assistance.
Review your application with your Loan Officer to ensure accuracy and completeness before submission.
If required, attend a homebuyer education course to fulfill program prerequisites.

Sign all necessary documents provided by your Loan Officer to finalize your participation in the program.
Anticipate any costs not covered by the program, such as additional closing fees or prepaid items.
Receive confirmation of your enrollment and details on how the assistance will be applied to your home purchase.

Ensure that the purchased property remains your primary residence for the duration specified by the program.
Inform your Loan Officer immediately if you plan to sell, refinance, or make changes to your mortgage, as this could affect your program benefits.
Keep abreast of any updates or changes to program requirements to maintain compliance and retain your assistance benefits.