How to Pay Your Bill with Kentucky Housing Corporation

If you have a mortgage loan through Kentucky Housing Corporation (KHC) you have various options to pay your monthly bill conveniently and on time. KHC offers online payments phone payments, mail, and in-person drop off to suit your needs.

Overview of Kentucky Housing Corporation

KHC is a state housing finance agency that provides affordable home loans to Kentucky residents, They offer competitive interest rates and down payment assistance programs

If you have a KHC mortgage, they service the loan and you make your monthly payments directly to them. KHC provides homeowners multiple ways to pay each month.

Benefits of Paying Online

The easiest way to pay your KHC mortgage is online through their payment portal. Here are some key advantages of online payments:

• Convenience – Pay anytime, anywhere with an internet connection Avoid driving to a payment center or finding a stamp

• Payment Tracking – Monitor payment history and confirm when payments are credited.

• Paperless – Go green by reducing paper waste from mailed coupons.

• Auto-Pay – Set up recurring payments to be made automatically each month.

• No Fees – Online payments are free for KHC mortgage customers.

How to Pay Online

Follow these simple steps to pay your KHC mortgage online:

1. Go to KHC’s payment portal.

2. Click “Make a Payment” under Single-Family Loans.

3. First-time users must register with your loan number, name, and email address.

4. Login each time with your username and password.

5. Select “Make Payment” and enter your payment amount.

6. Provide your bank account or card information to complete the payment.

7. Save payment confirmation as your receipt.

Paying by Phone

If you prefer talking to a person, KHC offers two phone payment options:

Automated Phone System

• Call 703-857-2117 or 800-341-5622 and select option 3.

• Enter your loan number and payment amount.

• Pay with debit/credit card. $5 fee per loan.

Check by Phone

• Call 502-605-1317 or 800-341-5622 and select option 6.

• Provide checking account and routing numbers.

• $10 fee per payment.

Phone payments offer convenience but do have associated fees.

Paying by Mail

To pay the traditional way with paper checks and coupons:

• Use the pre-printed payment coupons from your KHC mortgage statement.

• Write your loan number on your check.

• Mail both items in the envelope provided well before the due date.

• Payments are credited the business day received if mailed to the correct address.

• Avoid delays that lead to late fees by mailing at least 5-7 days early.

Paying In-Person

For cash payments or guaranted same-day crediting, you can drop off payments at KHC headquarters:

• 1231 Louisville Rd, Frankfort, KY 40601

• Use the 24/7 drop box just inside the front entrance.

• Include your payment coupon or write your loan number.

• Do not deposit cash in the drop box. Get a money order if paying in cash.

Payment Due Dates

Unless specified otherwise in your mortgage agreement, KHC payments are due on the 1st of each month.

Payments received after the due date incur a late fee, typically 5% of the overdue amount. Pay on time to avoid penalties.

KHC provides a 10-day grace period. But payments on the 11th or later still risk late fees. Pay by the 1st to be safe.

Payment Amounts

Your monthly KHC mortgage payment includes:

• Principal – Part of the loan amount
• Interest – Based on your loan’s rate
• Escrow – For property taxes and insurance

The principal and interest stay the same each month. But the escrow portion can vary year to year as taxes and insurance premiums change.

Check your mortgage statement for the correct payment amount due each month.

Payment Processing Time

For on-time crediting, allow the following processing time per payment method:

• Online – Instantly credited
• Phone – 1-2 business days
• Mail – Credited the day received if addressed correctly
• Drop off – Same business day if received during business hours

Avoid late fees by paying several days early, especially with mail. Online and phone payments process faster.

Recurring Auto-Payments

For maximum convenience, set up recurring payments through KHC’s online portal. This automatically deducts your monthly mortgage amount on the due date from your chosen bank account.

Enrolling in auto-pay avoids late payments if you forget and provides peace of mind knowing the bill is always paid on time.

Keeping Payment Records

Always retain proof of payment in case issues arise:

• Online – Save digital payment confirmations
• Phone – Record transaction number
• Mail – Keep validated coupons and cancelled checks
• Drop off – Take receipt for cash payments

Well-kept records make it easy to confirm payments if needed.

Paying your KHC mortgage on time each month is simple with their flexible online, phone, mail, and in-person options. Choose the method that suits your needs and budget. Consistent on-time payments keep you in good standing as a KHC homeowner.