For Kentucky residents who have received financing from the Kentucky Housing Corporation (KHC) for a home mortgage or multifamily housing loan, making timely monthly payments is essential. KHC offers several convenient ways for borrowers to pay their loan bills digitally or in-person. This guide explains the online, phone, mail, and in-person payment options available through KHC.
Benefits of Paying Your KHC Loan Bill Online
Paying online through KHC’s website provides these advantages
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24/7 access – Make payments anytime from your computer or mobile device
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Payment tracking – View loan balance, payment history, and due dates in your account.
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No fees – Online payments through KHC’s portal are free.
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Recurring payments – Set up automatic monthly payments so it’s one less bill to remember.
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Payment receipts – Get confirmation emails for your records after each transaction.
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Credit building – Making on-time payments can help improve your credit score over time.
With online payments, KHC borrowers can easily manage bills on their own schedule. The online portal allows access anytime.
Step-by-Step Guide to Paying Online
Follow these simple steps to make KHC loan payments online:
Step 1: Go to KHC’s Payment Website
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Visit www.kyhousing.org and click on “Pay Your Mortgage”
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This will open the login page for KHC’s online payment portal
Step 2: Register for an Online Account
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As a first-time user, select “Register” and enter your loan number and other requested info.
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Create a username and password you can easily remember.
Step 3: Login and View Account
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If already registered, simply login with your username and password.
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Your account dashboard will display your balance due, payment history, etc.
Step 4: Enter Payment Details
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Select “Make Payment” and choose the amount you want to pay.
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Provide your debit/credit card details or bank account info.
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Carefully review payment info before submitting.
Step 5: Get Confirmation
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You’ll see a confirmation page after the payment processes successfully.
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You’ll also get a confirmation email for your records.
Paying online is the most convenient option and helps avoid late KHC loan payments. Consider setting up automatic monthly payments for added simplicity.
Other Ways to Pay Your KHC Loan Bill
If you prefer not to pay online, KHC offers these other payment methods:
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Phone – Use KHC’s automated phone system or speak to a representative to pay by phone.
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Mail – Send a check or money order with your payment coupon to KHC’s payment address.
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In person – Visit KHC’s office during business hours to drop off a check or money order.
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Auto-draft – Sign up to have payments automatically drafted from your bank account monthly.
No matter which option you choose, be sure your payment arrives by the due date to avoid late fees or other penalties.
What Information is Needed to Make KHC Loan Payments?
Have these items ready when you go to pay your KHC loan bill:
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Loan number – Found on statements and other account documents from KHC.
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Payment amount – Total amount due or the partial payment amount you want to pay.
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Account details – For online payments, have your debit/credit card or bank account number.
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Name and address – Must match the account holder info on file with your bank/card issuer.
Having this information makes submitting timely payments fast and easy, whether paying online, phone, mail or in person.
Frequently Asked Questions About KHC Loan Payments
Here are answers to some common questions KHC borrowers may have about paying their mortgage or multifamily housing loan:
When is my KHC loan payment due each month?
Payment due dates vary but are shown on your monthly billing statements, usually on the same date each month.
What happens if I pay late?
Late payments incur fees around 5% of the unpaid amount. Multiple late payments can negatively impact your credit score.
Can I pay on weekends or holidays?
Yes, the online payment portal and automated phone payments are available 24/7. Other options have limited hours.
How do I set up automatic monthly payments?
You can enroll in recurring auto-draft payments from your bank account through KHC’s online payment portal or by submitting a form.
Who do I contact for billing questions?
You can call KHC’s customer service line at 800-633-8896 or email [email protected] for assistance.
As a KHC borrower, it’s important to pay your loan bill on time each month. Take advantage of convenient online and automatic payment options to simplify payments. Responsible bill payment helps build strong credit and leads to successful homeownership.
Set a reminder on your calendar or in your phone to pay your mortgage.
It is due on the first of every month.
Create an online account to easily pay your monthly mortgage payment.
Your first payment is not due until next month, so setting up your account now will make the process of paying a little easier when the time comes.
