Northern Kentucky Home Consortium

Borrower's gross annual household income must be at or below 80% of the Area Median Income ($53,500 for a single person, $76,400 for a 4 person household). All properties must be one to two units, owner-occupied or vacant, and meet minimum local housing standards. Up to $10,000 to cover the lender required down payment and customary settlement charges to the borrower. No monthly payments. The loan will be forgiven if borrower occupies the property for 10 years after purchase. Any remaining loan balance is recaptured upon sale, transfer or vacating of the property.

Interest Rate/Loan Term: 0%, 10 years