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.

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Stacey ParksĀ NMLS# 56992 – Shelly Jones NMLS# 57012

Robert Jones NMLS # 1266752


Multiple Option Mortgage Services NMLS# 57052295

North Hubbards Lane, Suite 102, Louisville, KY 40207

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