I don’t have enough for a down payment. What can I do?

There are loan programs for first-time home buyers that only require 3% down and on conventional loans if your credit score is above 760 these funds can be a gift. FHA loans require 3.5% down and these funds can be gifted regardless of credit. There are also KHC loans which offer a down payment assistance program for up to $6,000 which is made as another loan is is payable over 10 years. MOMS can also work to reduce the closing costs to you while negotiating the rate.


Statia “Stacey” Parks NMLS#56992   Shelly Jones NMLS#57012  Sarah Barker NMLS#2061283

Robert Jones NMLS#1266752   Richard Dickerson NMLS#2010396  James Shimp NMLS#2226476

Multiple Option Mortgage Services NMLS# 57052

1701 Herr Lane Suite 200, Louisville Ky 40222


Phone: 502-473-1817 Fax: 502-747-7080