MONTICELLO, Ky. (AP) — Kentuckians who live in a 54-county region could be eligible for a special one percent financing program to buy a home.
Under the program, Kentucky Housing Corp. is making $6 million in loans available at a one percent, fixed rate for low- to moderate-income home buyers in the Appalachian region of Kentucky. The counties are part of the SOAR, Saving Our Appalachian Region initiative.
SOAR was established in 2013 by Gov. Steve Beshear and Congressman Hal Rogers to address the significant challenges confronting Appalachian Kentucky.
Qualified home buyers can purchase a home using up to $6,000 in down payment assistance and lock into a fixed rate at 1 percent for 30 years.
©2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.