Howe earns KHC certified real estate designation

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Kentucky Housing Corporation (KHC), the state’s housing finance agency, recently announced Monica Howe is a KHC-Certified Real Estate Agent.  Howe, a Broker/Associate with RE/MAX Affiliates, Inc. received this designation by demonstrating a commitment to presenting affordable home loan options to Kentuckians.
“Monica is an excellent agent who is constantly working to help inform buyers of the different types of loan programs available”, said RE/MAX Affiliates, Inc. Broker/Owner Kent Dailey.  

“With so many great loan programs available, if a person is qualified to purchase a home, we can usually find one that will suit them perfectly”, said Howe.  “And great loan programs combined with historically low interest rates make it the best time ever to buy a new home.”  

A quick check of the Northern Ky. Multiple Listing Service shows 151 homes currently listed for sale in Grant County.  Prices range from $28,800 for a 3 bedroom, 2 bath house on 1 acre (you’ll probably have to pay cash for this one) to $1.5 million for a 5 bedroom, 3-bath house on 130 acres.  Those two examples are extreme, but the average sales price of a 3 bedroom, 2-bath home in Grant County is around $111,711.  

Kentucky Housing Corporation offers home loans, with a 30-year fixed interest rate, including conventional, Federal Housing Administration, Veterans Affairs, and Rural Housing Services loans.  Several programs are available to help home buyers meet closing costs and down payments.  There are eligibility requirements for each loan type, such as income, purchase price and credit score.  Free homeownership education and financial counseling are also available.

A home buyer tax credit, which is only offered through KHC, is also available. It is a mortgage credit certificate, which reduces the amount of federal income tax you pay, giving you more available income to qualify for a mortgage loan.  The tax credit is available for the life of the loan, as long as you live in the home.  
How to Apply?

Applications are accepted on a first-come, first-served basis through Kentucky Housing Corporation-approved lenders.  The lender will be able to determine if you qualify, they will submit your loan application and notify you as to whether your application has been accepted.  A full list of KHC-approved lenders is available on KHC’s website, www.kyhousing.org, under the Lenders/Realtors tab.
“Even if a buyer has had financial difficulties with collections, bankruptcy or foreclosure, if it’s been two years or more and their credit score is at least 640, they may qualify for a mortgage loan through KHC,” said Howe.  
Howe resides in Dry Ridge with her husband, Steve.