Down Payment Closing Cost Assistance KHC recognizes that down payments, closing costs, and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your Regular DAP Purchase price up to $283,900 with Secondary Market or $255,500 with MRB. Assistance in the form of a loan up to $6,000 in $100 increments. Repayable over a ten-year term at 5.50 percent. A DAP of $6,000 over ten years at 5.50 percent interest would equal a payment of $65.12. Available to all KHC first-mortgage loan recipients. Affordable DAP Purchase price up to $283,900 with Secondary Market or $255,500 with MRB. Assistance up to $4,500. Repayable over a ten-year term at 1.00 percent. Borrowers must meet Affordable DAP household income limits . More about down payment and closing costs No liquid asset review and no limit on borrower reserves. Specific credit underwriting standards may apply to down payment programs. ...
