| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
KHC offers lowest home loan interest rates in history Presidential initiative allows Kentucky's housing corporation to offer unbeatable interest rates From Gov. Steve Beshear's communications office FRANKFORT, KY - Gov. Steve Beshear today announced that the Kentucky Housing Corporation (KHC) will begin offering the lowest interest rates in its history thanks to President Barack Obama's Homeowner Affordability and Stability Plan. "With housing industry troubles leading nearly every newscast and topping nearly every paper for the last year, it's rare to find a positive point to focus on," said Gov. Beshear. "Kentucky Housing Corporation is now offering positive housing news for Kentuckians." KHC's rate for government loans (Federal Housing Administration, Veterans Administration and Rural Housing Service) are currently at 4.375 percent. Applicants with a 700 or better credit score who are not using KHC down payment assistance can receive a 4.125 percent rate. These are the lowest rates that KHC has ever offered, and they plan to help as many Kentuckians as possible achieve homeownership. KHC has a stated goal of helping 3,500 first-time home buyers and second-time home buyers in targeted counties acquire homes in 2010. "KHC consistently works to help homeowners find ways to work through whatever barriers they face in acquiring a home," said Richard L. McQuady, chief executive officer of KHC. "The federal government's new Homeowner Affordability and Stability Plan will enable us to provide low-rate mortgages to help many more families." The Homeowner Affordability and Stability Plan, created by the Obama administration, is designed to stimulate and stabilize the U.S. housing market. The plan lowers the borrowing costs of housing finance agencies (HFAs) across the country, who in turn can offer very low mortgage rates to home buyers through KHC-approved lenders. The new bond purchase program supports new lending by HFAs, which means HFAs can sell bonds easier, and get cash from the bonds they already have, thereby creating more funds to support home-mortgage loans. The Obama administration worked with the National Council for State Housing Agencies (NCSHA), the U.S. Treasury, Freddie Mac, and Fannie Mae to create the new bond purchase program, which was finalized in November 2009. "Without the initiative started by President Obama, and the hard work from NCSHA, the U.S. Treasury, Freddie Mac, and Fannie Mae in creating a solid and sustainable plan, these rates would not be possible," said Gov. Beshear. "We are grateful that the funds provided through this initiative will allow thousands of residents across the state to have a home of their own."To learn more about this and other options available to potential home buyers through KHC, visit www.kyhousing.org, or contact KHC's Homeownership Department toll-free in Kentucky at (800) 633-8896 or (502) 564-7630, extension 291, or TTY 711. This story was posted on 2010-01-06 12:46:14
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
Adair Fiscal Court Agenda, January 12, 2010 meeting MVR Hay Program helps lawmen feed horses Division of Water offers cold weather water pipe tips 4-H Spurs Horse Club meeting will be Jan. 14, 2010 3 Dairy short courses in Columbia, Greensburg, C-ville A Eulogy for My Father, Glenn Shirley Glasgow Fishing: Smallmouth fishing on Lake Cumberland on KET Bam Carney says state budget needs longterm fix Sneed Family singing at Egypt Christian Jan. 17, 2010 Columbia United Methodist Women's delayed to Jan. 13, 2010 View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
