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KHC Affordable Down Payment Assistance (Affordable DAP)

Administered by: Kentucky Housing Corporation · State · Repayable Loan

Funding status: Active

How much assistance

Up to $7,500 (Repayable Loan)

10-year second mortgage at 1% interest rate. Designed for lower-income buyers with more favorable terms than the Regular DAP.

Eligibility

Income limits: Must meet lower income thresholds (varies by county). Contact a KHC-approved lender for current limits.
Purchase price limit: $544,232
First-time buyer required: No
Credit score minimum: 620
Geographic restrictions: Available statewide in Kentucky.
Homebuyer education required: Yes

How to Apply for KHC Affordable Down Payment Assistance (Affordable DAP)

Step 1: Apply through a KHC-approved lender who originates both your first mortgage and the DPA second mortgage. You cannot apply directly through KHC.

Visit program website

Notes

Designed for lower-income buyers. Funds can be used for down payment, closing costs, and prepaid expenses. Can be combined with KHC first mortgage products.

Available Statewide In

Kentucky