Kentucky Housing Corporation Honors Top Lenders
Lending Partners Ensure Affordable Home Loans for Kentuckians Across the Commonwealth
FRANKFORT, Ky.—Kentucky Housing Corporation (KHC), the state housing finance agency, recognized its 2021 top lending partners today at the 17th Annual Recognition Awards held virtually via social media.
Kentuckians who received a KHC home loan in 2021 worked with one of more than 90 partnering lender banks and mortgage companies in communities across the state. KHC offers loans for first-time and repeat home buyers with down payment assistance, and refinancing options for current homeowners.
“Today, we are honoring our top loan officers and lenders, but I want to extend my gratitude to all 574 loan officers and 91 companies who partnered with Kentucky Housing Corporation last year,” said Winston Miller, executive director and chief executive officer. “Their dedication, hard work and ingenuity is helping us offer more Kentuckians affordable housing solutions. Last year, thanks to their partnership, more than 3,400 individuals and families had a new home to shelter in place, to set up their classrooms and offices and to recover from illness during the pandemic. We are proud of our lenders’ success and look forward to another great year in 2022.”
Owning a home has many advantages such as building equity over time, property value appreciation, and the pride and security that comes with homeownership. There is also a correlation between stable neighborhoods and strong communities where there is social and civic engagement and more access to education and economic opportunities.
“KHC appreciates the partnership between our lenders and counselors in providing housing solutions to many home buyers across the Commonwealth. Despite the pandemic, KHC had a great year of production thanks to our network of lenders and counseling agencies,” said Jaime Rice, managing director of Single-Family Programs at KHC.
During the virtual celebration, KHC announced an increased Down payment Assistance Program (DAP). Starting today, homeowners are eligible for up to $7,500 in assistance for down payments, closing costs and prepaids. The interest rate for the Regular DAP was reduced from 5 percent to 3.75 percent, and the Affordable DAP loans remain at 1 percent. This new amount and rate are only available for new loan reservations starting today.
Kentucky Housing Corporation 2021 Top Loan Producers
- Top Producing Lender: First Place Winner
Stockton Mortgage Corporation - Top Producing Lender: Second Place Winner
American Mortgage Service Company - Top Producing Lender: Third Place Winner
Republic State Mortgage Company - Top Third Party Originating Lender
- Homeplace Mortgage Inc.
- Top Loan Officer (tie)
Connie Lancaster, Homeplace Mortgage Inc. - Kenneth Prost, Success Mortgage
- Top Mortgage Credit Certificate Lender
Stockton Mortgage Corporation - Top Mortgage Credit Certificate Loan Officer
Teri Knott, Stockton Mortgage Company
