The down payment assistance programs that are listed here are a sample of what is available for homebuyers in Kentucky. This can be your starting point as you search for the right program for your family. Home Purchase and Refinance Loans

FHA Loan Programs for 2024

The most recognized 3.5% down payment mortgage in the country. Affordable payments w/good credit.

Are You Watching Your Credit Score?

- Improving Your Credit Score Has Never Been More Important - is a privately owned website, is not a government agency, and does not make loans.
FHA Home Loans

Choose a Loan Type is a privately owned website, is not a government agency, and does not make loans.

Louisville Down Payment Assistance Program

Financial Assistance for Homebuyers in Kentucky

In order to help individuals achieve their dreams of homeownership, the City of Louisville’s Department of Housing and Community Development offers the Down Payment Assistance Program. This program provides low- to moderate-income homebuyers with a loan to help cover the down payment and closing costs.

Eligibility Requirements
The Down Payment Assistance Program is available to any individual who is looking to purchase an existing or newly-constructed home in the Louisville Metro area. All borrowers’ annual household income must fall at under 80 percent of the area median income (AMI), adjusted for household size (limits shown below). All applicants must be approved for a qualifying first mortgage from a local financial institution, and be credit qualified. Borrowers with more than $15,000 in liquid assets cannot qualify for the program, as it is meant to help households in need of assistance. Additionally, they must complete a homeownership education course from a HUD Certified Counseling Agency.

While there is no first-time homebuyer requirement, the home being purchased must serve as the borrower’s primary residence for a period of 5 to 15 years, depending upon the amount of assistance received. These homes may be vacant or abandoned properties only.

Income Limits
1 person household: $37,200
2 person household: $42,500
3 person household: $47,800
4 person household: $53,100
5 person household: $57,350
6 person household: $61,600
7 person household: $65,850
8 person household: $70,100

(Note: These figures were accurate at the time of publication and may no longer be current - visit the program website for updated information)

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but States and Local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits.

Down payment assistance programs and/or grants were researched by the team at Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.'s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Kentucky

The Kentucky Housing Corporation (KHC) recognizes that though many potential homebuyers can afford the monthly mortgage payments on a new house, they don’t have enough money saved up for the down payment. That’s what the new HHF Down Payment Assistance Program aims to help with.

The Down Payment Assistance Program provides low- to moderate-income homebuyers with a loan help cover the down payment and closing costs. It's available to any homebuyer that is looking to purchase an existing or newly constructed home in the Louisville Metro area.

Do you know what's on your credit report?

Learn what your score means.