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.


Stacey ParksĀ NMLS# 56992 – Shelly Jones NMLS# 57012

Robert Jones NMLS # 1266752

Multiple Option Mortgage Services NMLS# 57052295

295 North Hubbards Lane, Suite 102, Louisville, KY 40207

Phone: 502-473-1817 Fax: 502-458-0330