Kentucky Housing Corporation launches home ownership loan program aimed at veterans

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Kentucky Housing Corporation (KHC) has announced a new, statewide loan option to assist eligible military families and non-active duty veterans achieve the dream of homeownership for first-time homebuyers.

“Military families make many sacrifices to protect our country, said Edwin King, executive director of KHC. “We have $3 million available that will help our Kentucky military families achieve quality, affordable housing, so they can provide stability and protection for their families with better economic outcomes.”

Operation KY Home is the name of the mortgage program offered through KHC, which serves as the state’s housing finance agency that provides affordable housing solutions to low- and moderate-income Kentuckians. For those who meet program qualifications, they have the opportunity to get a 2 percent fixed-rate mortgage for the life of the 30-year loan term.

This special funding program is available on a first-come, first-served basis, with reservations beginning September 6, 2017. KHC works with a network of lending partners to originate loans, which are then serviced by KHC.

“Kentucky is providing every possible opportunity to give back to our military and veteran families,” said Governor Bevin. “Operation KY Home is a great program, providing our military service members with the solutions to affordable home ownership. We are honored to help give these brave men and women the domestic security they seek for their families. America owes a debt of gratitude to these selfless men and women who can never fully be repaid, but Kentucky will certainly do everything in our power to try.”

For more information, potential homebuyers should contact KHC by visiting OperationKYHome.org.

From Kentucky Housing Corporation

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