Kentucky First-Time Home-Buyer Programs

Updated for 2026

Kentucky First-Time Home Buyer Programs 2026: Complete Guide to Buying a Home in Kentucky

Buying your first home in Kentucky in 2026 is achievable when the loan is structured correctly. Kentucky offers multiple pathways to homeownership, including zero-down options, flexible credit programs, and down payment assistance through Kentucky Housing Corporation (KHC).

Current benchmark: KHC’s maximum purchase price remains $544,232 (effective June 23, 2025), expanding eligibility across higher-priced Kentucky markets.

Quick Navigation

• Program Comparison
• FHA Loans in Kentucky
• USDA Rural Development Loans
• VA Loans for Veterans
• KHC Down Payment Assistance
• How to Qualify in 2026
• Step-by-Step Buying Process
• Kentucky Home Buying Timeline
• FAQs
• Start Your Pre-Qualification

Kentucky First-Time Home Buyer Programs Available in 2026

Most Kentucky first-time buyers qualify for at least one of these options:

KHC DPA up to $12,500 USDA 0% down FHA 3.5% down VA 0% down Conventional 3-5% down

In many cases, programs can be layered together to reduce out-of-pocket costs at closing.

Kentucky Home Buyer Program Comparison (2026)

Program	Minimum Credit Score	Down Payment	Limits	Best For
FHA Loan	580 with 3.5% down 500–579 with 10% down	3.5% minimum	FHA county loan limits apply	Lower credit scores, flexible underwriting
USDA Rural Development	No offical minimum credit score, but 640 preferred for automated approval Lower scores possible with manual underwriting	0% down	Household income capped at 115% of area median income	Rural/suburban buyers seeking zero down
VA Loan	No official minimum (most lenders prefer 620+)	0% down	No loan limit with full entitlement	Veterans, active duty, eligible spouses
KHC Down Payment Assistance	Typically 620–660 depending on loan type	0% with assistance	County income limits + $544,232 max purchase price	First-time buyers needing down payment help
Conventional 97 / 95	620 minimum; 720+ strongly preferred	3% minimum	Conforming loan limits apply	Strong credit borrowers wanting cancellable PMI

FHA Loans for First-Time Buyers in Kentucky

FHA loans are commonly used for first-time buyers because they are insured by the Federal Housing Administration and allow more flexible underwriting.

Key FHA advantages

• 3.5% down with a 580 credit score
• 10% down allowed with scores as low as 500
• Gift funds permitted for down payment and closing costs
• Seller concessions allowed up to 6%
• Assumable loan feature

FHA mortgage insurance

FHA loans require an upfront mortgage insurance premium of 1.75% and annual mortgage insurance. Annual FHA mortgage insurance is standardized and does not vary by credit score. This is the trade-off for easier qualification.

USDA Rural Development Loans in Kentucky

USDA loans provide 100% financing (no down payment) and can be a strong fit in many Kentucky suburbs and rural areas.

USDA loan benefits

• Zero down payment
• Competitive interest rates
• Lower monthly mortgage insurance than FHA
• No prepayment penalty

USDA eligibility requirements

• Property must be located in a USDA-eligible area
• Household income must be under 115% of area median income
• Primary residence only
• Automated approval commonly requires 640+ credit
• Manual underwriting can be possible with tighter debt ratios and compensating factors

Rural does not mean farmland. Many areas outside Louisville, Lexington, Bowling Green, and other metros still qualify.

VA Loans for Kentucky Veterans and Military Buyers

VA loans are one of the strongest mortgage benefits available for eligible buyers.

VA loan advantages

• Zero down payment
• No monthly mortgage insurance
• Competitive interest rates
• Assumable loans
• Reusable entitlement

VA funding fee

VA loans include a one-time funding fee unless exempt. Veterans with service-connected disabilities are exempt from the funding fee.

Kentucky Housing Corporation Down Payment Assistance

KHC provides the primary down payment assistance programs used by first-time buyers statewide.

KHC program highlights

• Up to $12,500 in down payment assistance
• Often structured as a forgivable second mortgage
• Can be combined with FHA, USDA, VA, or conventional loans
• $544,232 maximum purchase price (effective June 23, 2025)

Important: Income limits are county-specific and generally include total household income, not just the borrowers on the loan.

How to Qualify as a First-Time Home Buyer in Kentucky (2026)

First-time buyer definition

Most programs define a first-time buyer as someone who has not owned a home in the last three years. Some exceptions may apply.

General qualification guidelines

• Credit score typically 620+ depending on program
• Stable two-year employment history
• Debt-to-income ratio commonly capped around 45–50%
• Income within county limits (when applicable)
• Owner-occupied primary residence

Documentation checklist

• Last 30 days of pay stubs or fixed income statements
• Two years of W-2s and tax returns
• Two months of bank statements
• Government ID and Social Security card

Step-by-Step Kentucky Home Buying Process

Step 1: Review credit and budget

Confirm your credit profile and your comfort level for a monthly payment that includes principal, interest, taxes, and insurance.

Step 2: Get pre-qualified

Get a clear, accurate pre-qualification so you know your price range and which programs fit.

Step 3: Choose the right program

Select FHA, USDA, VA, Conventional, and/or KHC assistance based on eligibility and long-term cost.

Step 4: Work with a Realtor

Use a Kentucky buyer’s agent who understands first-time buyer rules and seller concessions.

Step 5: Submit full application

Provide documentation early to reduce conditions and avoid closing delays.

Step 6: Close and receive keys

Sign, fund, record, and you are a homeowner.

Kentucky Home Buying Timeline

• Pre-qualification: same day
• Home search: 2–8 weeks
• Loan processing: 30–45 days
• USDA loans: often 35–45 days
• KHC assistance: allow extra processing time

Frequently Asked Questions

What credit score do I need to buy a house in Kentucky?

FHA allows 580 for 3.5% down and 500 with 10% down. USDA commonly requires 640+ for automated approval. VA has no official minimum, but many lenders prefer 620+. Conventional usually requires 620+, with stronger approvals typically at 700+.

Can I get down payment assistance in Kentucky?

Yes. KHC offers down payment assistance up to $12,500 for qualified first-time buyers, subject to county income limits and program rules.

Can I combine multiple programs?

Yes. KHC down payment assistance can often be paired with FHA, USDA, VA, or conventional financing when structured correctly. Seller concessions may also reduce cash needed at closing.

Ready to Buy Your First Home in Kentucky?

Start with a free pre-qualification and get a clear plan for FHA, USDA, VA, KHC assistance, or a conventional option. No pressure. Accurate numbers.

Call/Text: (502) 905-3708 Email: kentuckyloan@gmail.com

*Estimates and examples are for educational purposes only and may not reflect current market pricing. Not a commitment to lend. Programs, rates, and guidelines are subject to change. Equal Housing Lender.
EVO Mortgage NMLS #1738461 • Joel Lobb NMLS #57916

Kentucky's Welcome Home Grant

Kentucky Welcome Home Grant (2026 Update)

The Kentucky Welcome Home Grant is a down payment and closing cost assistance program through the Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) and participating lenders. It is first-come, first-served when reservations open.

Up to $20,000 (historical cap; final amounts set at opening) Household income limits apply (80% MRB) Primary residences only Plan early to avoid missing funds

Last updated: January 6, 2026

2026 status and opening date

FHLB Cincinnati has announced the Welcome Home Program will open on April 6, 2026 at 8:00 a.m. ET. Funds are limited and can be reserved quickly.

Quick navigation

• What is the Kentucky Welcome Home Grant?
• How much is the Welcome Home Grant?
• Eligibility requirements
• Eligible Kentucky properties
• Five-year retention rule
• 2026 timing strategy
• Next steps (how to prepare)
• Other Kentucky down payment assistance options
• FAQ

What is the Kentucky Welcome Home Grant?

The Kentucky Welcome Home Grant (also searched as “Kentucky Welcome Grant”) is a down payment and closing cost assistance program offered through the Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) and participating member lenders. The goal is straightforward: reduce the upfront cash needed to buy a home.

What makes it different

• Grant funds can be used for down payment and/or closing costs.
• It is not designed as a monthly-payment product. Program rules determine any repayment risk if the home is sold early.
• Funds are limited and reserved first-come, first-served when the program opens.

alt="Kentucky Welcome Home Grant 2026 infographic showing up to $20,000 for down payment and closing costs, household income limits up to 80% of MRB income limits, not only for first-time buyers, and opens April 6, 2026 at 8:00 a.m. ET (first-come, first-served)." />

How much is the Welcome Home Grant?

Grant amounts vary by year, based on funding and published program rules at the time reservations open. In prior years, many eligible homebuyers received up to $20,000, and certain veterans, active-duty military, and some surviving spouses have qualified for higher grant amounts in some years.

What the grant can cover

• Down payment
• Closing costs
• Prepaid items (as allowed by the program/lender)

Reality check

If you wait to start your loan file until the day the program opens, you are late. The buyers who win these funds are already qualified and ready.

Kentucky Welcome Home Grant eligibility requirements

1) Household income limits (80% MRB)

Household income must be at or below 80% of the Mortgage Revenue Bond (MRB) income limit for the county where the property is located. Household income typically includes the income of all adults who will live in the home, not just the borrowers on the mortgage application. County limits and household-size rules are confirmed when reservations open.

2) First-time buyer requirement

You do not have to be a first-time homebuyer to qualify. However, first-time buyers (generally defined as not owning a home in the last three years) are commonly required to complete a homebuyer education course before closing.

3) Buyer contribution

Buyers are generally required to contribute at least $500 of their own funds toward the transaction. This contribution is typically not allowed to be a gift.

4) Purchase contract requirement

A fully executed purchase contract signed by both buyer and seller is typically required to reserve funds.

Eligible property types in Kentucky

The Welcome Home Grant is for an eligible primary residence in Kentucky. Investment properties and second homes are not eligible.

• Single-family homes
• Townhomes
• Condominiums
• Duplexes and multi-unit properties (up to four units)
• Some manufactured homes (when permanently affixed and taxed as real estate, subject to program/lender rules)

Five-year retention requirement

Welcome Home Grant funds are commonly subject to a five-year retention period recorded against the property. During that period, the program administrator typically must be notified if the home is sold, refinanced, transferred, or foreclosed. If ownership changes before the end of the retention period, a portion of the grant may be subject to repayment based on the program’s published rules.

When does the Kentucky Welcome Home Grant open in 2026?

The Welcome Home Program is scheduled to open on April 6, 2026 at 8:00 a.m. ET, and reservations are first-come, first-served. Funding can move fast.

Best practice for success

• Get fully pre-approved before the opening date.
• Verify household income early (this is where many buyers get disqualified).
• Have your documents clean and complete to avoid last-minute delays.
• Be realistic: the grant is competitive. Preparation is the advantage.

Next steps to position yourself for the Kentucky Welcome Home Grant

If you want a real shot at Welcome Home funding, do not wait until April. Get your file ready now so you can move immediately when reservations open.

• Start a full pre-approval with a participating lender.
• Confirm household income and household size rules early.
• Complete homebuyer education in advance if required.
• When you go under contract, move fast with documentation to reserve funds.

Call/Text: 502-905-3708 • Email: kentuckyloan@gmail.com

Other Kentucky down payment assistance options

If Welcome Home funds run out, there may be other options depending on your county, income, and loan program. Explore these Kentucky loan program hubs:

• Kentucky FHA loans
• Kentucky VA loans
• Kentucky USDA loans
• KHC down payment assistance

FAQ: Kentucky Welcome Home Grant requirements

Is the Kentucky Welcome Home Grant the same as the “Kentucky Welcome Grant”?

Most people are searching the same program. The official program is commonly referred to as the Welcome Home Program/Welcome Home Grant through FHLB Cincinnati and participating lenders.

Do I have to be a first-time homebuyer?

No. First-time buyer status is not required for eligibility, but homebuyer education is often required for first-time buyers.

Is eligibility based on my income only or household income?

It is typically based on household income (all adults living in the home), not just the borrowers on the mortgage application.

How fast do funds run out?

It varies by year. The consistent pattern is that prepared buyers and complete loan files win. Waiting to start until the program opens is usually too late.

What happens if I sell or refinance during the five-year retention period?

Early sale, transfer, or refinance may trigger repayment of part of the grant based on the program’s published rules for that year.

---

Contact

Email: kentuckyloan@gmail.com
Call/Text: 502-905-3708

Joel Lobb
Mortgage Loan Officer – Expert on Kentucky Mortgage Loans
Website: www.mylouisvillekentuckymortgage.com
Office: 911 Barret Ave., Louisville, KY 40204
EVO Mortgage – Company NMLS# 1738461
Personal NMLS# 57916

Disclaimer

This website is not endorsed by the VA, FHA, USDA, HUD, or any government agency. It is an independent educational resource created by a Kentucky mortgage professional. This content is for educational purposes only and does not constitute a loan offer or guarantee of approval. NMLS #57916 | Company NMLS #1738461
Equal Housing Lender • www.nmlsconsumeraccess.org

Louisville Down Payment Assistance 2026 | Up to $25,000 Metro Housing fo...

$2,000 CLOSING COST GRANT Kentucky Housing Corporation Special Offer

 

KHC Announces $2,000 Closing Cost Grant
Available for 180 Borrowers

Effective with new reservations TODAY, Tuesday, July 15, 2025, Kentucky Housing Corporation (KHC) will offer a limited-time $2,000 closing cost grant. Funding has been made available for 180 loans. 

Remaining funds will be updated weekly on the PowerLender dashboard. 

• First-come, first-served until funds are exhausted.
• Purchase transactions only.
• List as a grant in Desktop Underwriter (DU) and Loan Product Advisor (LPA).
• List as a gift in the Guaranteed Underwriting System (GUS). 
• Can be used with KHC Down payment Assistance Program (DAP). 
• A KHC grant/gift letter will be available at time of reservation and must be signed by borrower(s).  
• List the Closing Cost Grant on the Final 1003 in Section 4d.  

$2,000 CLOSING COST GRANT

Kentucky Housing Corporation Special Offer

🚨 LIMITED TIME OFFER 🚨

Effective July 15, 2025 - Only 180 borrowers will receive this grant!

💰

$2,000 FREE MONEY

Grant money that doesn't need to be repaid - reduces your closing costs significantly

🏡

Purchase Only

Available for home purchases only - perfect for first-time homebuyers

⚡

Stack with DAP

Can be combined with KHC Down Payment Assistance for maximum savings

Program Details

• First-come, first-served until funds are exhausted
• Purchase transactions only
• List as a grant in Desktop Underwriter (DU) and Loan Product Advisor (LPA)
• List as a gift in the Guaranteed Underwriting System (GUS)
• Can be used with KHC Down Payment Assistance Program (DAP)
• KHC grant/gift letter required and must be signed by borrower(s)
• Must be listed on Final 1003 in Section 4d

⏰ ACT FAST!

Only 180 grants available - funds will be updated weekly until exhausted

Ready to Get Started?

Contact Joel Lobb - Your Kentucky Mortgage Expert

📧 Email

kentuckyloan@gmail.com

📱 Call/Text

502-905-3708

🌐 Website

www.mylouisvillekentuckymortgage.com

📍 Address

911 Barret Ave.
Louisville, KY 40204

🎯 Specialization

Kentucky Mortgage Loan Expert For Kentucky FHA, VA, USDA, Fannie Mae and KHC Down Payment Assistance Loans

🏛️ Licensing Information

Joel Lobb - Personal NMLS# 57916
Evo Mortgage - Company NMLS# 1738461
Kentucky Mortgage Loan Only
www.nmlsconsumeraccess.org

CALL NOW TO APPLY!

Important Disclosures:

This website is not endorsed by the FHA, VA, USDA, KHC, or any government agency. It is an independent platform created to educate and assist homebuyers with expert advice and accessible tools. Equal Housing Lender.

These materials are not from HUD, FHA, the USDA, KHC, or the VA. These materials were not approved by any government agency. They are independent of any government agency.

For information directly from KHC, visit their official website. Loan approval subject to credit approval and program guidelines.

Kentucky Mortgage Expert Joel Lobb Launches Resource Hub for First-Time Homebuyers

LOUISVILLE, KY – As higher rates and stricter underwriting challenge first-time homebuyers, Kentucky mortgage broker Joel Lobb (NMLS #57916) is unveiling a new digital hub designed to help local residents understand and qualify for low or no money down home loans.

“Most Kentuckians don’t realize they may qualify for a home loan with as little as 0–3.5% down, even with less-than-perfect credit,” said Lobb. “This platform is built to educate and provide tools buyers actually need.”

✅ What’s Inside the New Kentucky Mortgage Hub?

• FHA, VA, USDA, KHC loan comparisons
• Real-time mortgage calculators
• Credit tips for buyers with scores under 620
• Steps to apply and get pre-approved fast

The site—www.mylouisvillekentuckymortgage.com—is optimized for searches like:

• Kentucky first-time homebuyer loans
• FHA mortgage Kentucky
• 0 down home loans KY
• VA loan lender Kentucky
• How to qualify for USDA loan KY

💡 Kentucky Mortgage Programs Explained

If you're starting your home search, here are the most common mortgage loan programs Joel helps with:

FHA Loans

Designed for credit scores as low as 580 with just 3.5% down. Ideal for first-time homebuyers and buyers with limited credit history.

VA Loans

Available to veterans, active-duty military, and eligible spouses. No down payment required. No monthly mortgage insurance.

USDA Loans

100% financing for eligible rural areas across Kentucky. Income and location restrictions apply.

Kentucky Housing Corporation (KHC)

Offers Down Payment Assistance (DAP) up to $10,000 and competitive interest rates for low- to moderate-income buyers.

📞 Contact Joel Lobb for Free Consultation

With more than 1,300 Kentucky closings and 20+ years of experience, Joel provides personalized, fast approvals with a human touch—not a call center.

• 📧 Email: kentuckyloan@gmail.com
• 📞 Phone/Text: (502) 905-3708
• 🌐 Website: mylouisvillekentuckymortgage.com
• 🏢 Address: 911 Barret Ave, Louisville, KY 40204

Need help or ready to apply? Submit your loan app today or email Joel directly with your questions. Same-day pre-approvals available.

---

Joel Lobb is a licensed mortgage loan officer (NMLS #57916) with EVO Mortgage. (NMLS #1738461). Equal Housing Lender.

The best Kentucky first-time homebuyer programs in Kentucky

Top Loan Programs for First-Time Homebuyers in Kentucky FHA, VA, USDA and KHC Down Payment Grants

Provided By

Joel Lobb, Mortgage Broker FHA, VA, KHC, USDA

 Buying your first home in Kentucky can be both exciting and overwhelming. With the right loan programs and financial assistance, homeownership is more achievable than ever. Whether you need low down payment options, credit flexibility, or down payment assistance, there are Kentucky first-time home buyer programs designed to help.

In this guide, we’ll cover FHA, VA, USDA, Kentucky Housing Corporation (KHC), and down payment assistance programs to help you make the best decision.

Kentucky First-Time Home Buyer Loan Programs

1. FHA Loans – Low Down Payment, Credit-Friendly

Best for: Buyers with lower credit scores or limited savings

Minimum Credit Score: 580 (3.5% down), 500 (10% down)
Debt-to-Income (DTI) Ratio: Up to 57% with compensating factors
Mortgage Insurance: Required for the life of the loan
Down Payment Assistance Available: Yes
Why Choose an FHA Loan?
FHA loans are perfect for first-time home buyers in Kentucky who may not have a perfect credit history or large down payment. These loans are insured by the government, making them easier to qualify for.

2. VA Loans – No Down Payment for Military Buyers

Best for: Veterans, active-duty service members, and eligible spouses

Minimum Credit Score: 580-620 (varies by lender)
Down Payment: $0 down payment required
Mortgage Insurance: None (No PMI)
Debt-to-Income Ratio: Up to 50%+ with strong credit

Why Choose a VA Loan?

VA loans provide 100% financing, meaning no down payment is required. They also have lower interest rates and no private mortgage insurance (PMI), making them one of the best loan programs for Kentucky first-time homebuyers who qualify.

3. USDA Loans – 100% Financing for Rural Buyers

Best for: Buyers looking in USDA-eligible rural or suburban areas

Minimum Credit Score: 640 preferred
Down Payment: $0 down payment required
Income Limits: 115% of the area’s median income
Location Restrictions: Must be in a USDA-eligible area

Why Choose a USDA Loan?

If you’re looking to buy in a qualifying rural area, a USDA loan offers 100% financing, meaning no down payment is needed. It’s a great option for buyers with limited savings.

4. Kentucky Housing Corporation (KHC) Loans – Down Payment Assistance

Best for: First-time buyers needing down payment and closing cost help

Minimum Credit Score: 620+
Down Payment Assistance: Up to $10,000
Income Limits: Varies by county

Key Factors for Kentucky First-Time Home Buyers in 2025

1. Credit Scores: The Gateway to Mortgage Approval

Your credit score determines loan eligibility and interest rates. Here’s what you need:

Minimum Scores:

FHA Loans: 580+ (3.5% down) or 500–579 (10% down).

Conventional Loans: 620+.

Improving Your Score: Pay down debt, dispute errors, and avoid new credit lines. Learn how to boost your credit score here (internal link).

2. Down Payments: How Much Do You Really Need?

Kentucky Average Down Payment: 6–10% (

–
13,500–22,500 on a $225k home).

Low Down Payment Options:

FHA Loan: 3.5% down.

USDA Loan: 0% down (rural areas).

KHC Down Payment Assistance: Up to $10,000 for eligible buyers. Explore Kentucky Housing Corporation (KHC) programs (external link).

3. 2025 Interest Rate Trends in Kentucky

Average rates are projected at 6.2–7.5% (Freddie Mac, 2024). Lock in lower rates by improving your credit score and shopping lenders.

4. Income Ratios: What Lenders Look For

Most lenders use the 28/36 rule:

28% of gross income on housing costs.

36% on total debt.

5. Kentucky Home Prices: Where to Buy

Louisville: $250k median.

Lexington: $275k median.

Rural Areas: As low as $150k.

Joel Lobb, Kentucky Mortgage Expert on FHA, VA, USDA and KHC
Joel Lobb, Mortgage Broker FHA, VA, KHC, USDA

+1 502-905-3708
kentuckyloan@gmail.com

Visit us on social media:
Facebook
X
LinkedIn
YouTube
TikTok
Other

How to Qualify For A Kentucky Mortgage Loan

Legal Disclaimer:

 

1 -  Email - kentuckyloan@gmail.com 

2.   Call/Text - 502-905-3708

Joel Lobb
Mortgage Loan Officer - Expert on Kentucky Mortgage Loans

 Website: www.mylouisvillekentuckymortgage.com
 Address: 911 Barret Ave., Louisville, KY 40204

---

Evo Mortgage
Company NMLS# 1738461
Personal NMLS# 57916

For assistance with Kentucky mortgage loans, reach out via email, call, or text Joel Lobb directly.

Kentucky Local Home Loan Lender Services

 First-Time Home Buyers Welcome
 FHA, Rural Housing (USDA), VA, and Kentucky Housing Corporation (KHC) Loans
 Conventional Loan Options Available
 Fast Local Decision-Making
 Experienced Guidance Through the Home Buying Process

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.

Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant's eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant  Equal Opportunity Lender. NMLS#57916http://www.nmlsconsumeraccess.org/

Kentucky Housing Corporation (KHC) has reintroduced its $2,000 Closing Cost Grant,

 The Kentucky Housing Corporation (KHC) has reintroduced its $2,000 Closing Cost Grant, effective March 18, 2025. This grant is designed to assist homebuyers in Kentucky by covering some of the upfront costs associated with purchasing a home. Here's how it can help:

Key Features of the KHC $2,000 Closing Cost Grant

• No Repayment Required: The grant does not need to be repaid, making it a valuable resource for those who need financial assistance with closing costs.

• Combination with Other Programs: It can be combined with KHC's $10,000 Down Payment Assistance Program (DAP), allowing homebuyers to access a total of $12,000 in assistance. This combination can significantly reduce the amount of money needed upfront for a home purchase.

• Eligibility: While specific eligibility criteria are not detailed in the provided information, typically these programs require applicants to meet certain income limits, purchase price limits, and other qualifications.

How It Helps Homebuyers

• Reduces Upfront Costs: By covering closing costs, homebuyers can allocate more funds towards other expenses or save money for future needs.

• Increases Affordability: Combining the grant with the DAP can make homeownership more accessible by reducing the financial burden of down payments and closing costs.

• Simplifies the Homebuying Process: Having additional financial support can make the process less stressful and more manageable for first-time or low-income homebuyers.

Overall, the KHC $2,000 Closing Cost Grant is a beneficial resource for those looking to purchase a home in Kentucky, especially when used in conjunction with other assistance programs.

1. $2,000 Closing Cost Grant – No repayment required
2. Can be used for down payment, closing costs, and prepaid expenses 
3. Can be combined with KHC’s $10,000 Down Payment Assistance Program (DAP) Limited availability – Only $1 million available for the first 500 homebuyers Starts March 18, 2025 – Act fast before funds run out!

How to Apply for the KHC Closing Cost Grant

Applying for the grant is simple! Here’s how:

Get Pre-Approved – Work with a KHC-approved mortgage lender (like myself!) to determine your eligibility.
Find a Home – Once pre-approved, start house hunting with confidence.
Apply for Assistance – Your lender will help you apply for both the $2,000 Closing Cost Grant and $10,000 Down Payment Assistance Program if you qualify.
Close on Your Home – Use the funds to lower your upfront costs and move in with less money out of pocket!

•  First-come, first-served – Limited to the first 500 homebuyers
•  Available for purchase loans only (not refinances)
•  Can be combined with the KHC Down Payment Assistance Program (DAP) and Federal Home Loan Bank (FHLB) funds
•  Listed as a gift in GUS (Guaranteed Underwriting System), DU (Desktop Underwriter), and LPA (Loan Product Advisor)
• Grant confirmation available at reservation

https://notebooklm.google.com/notebook/0a9189d5-f3d5-4c22-a36b-889349289af1/audio

1 -  Email - kentuckyloan@gmail.com 

2.   Call/Text - 502-905-3708

Joel Lobb
Mortgage Loan Officer - Expert on Kentucky Mortgage Loans

 Website: www.mylouisvillekentuckymortgage.com
 Address: 911 Barret Ave., Louisville, KY 40204

---

Evo Mortgage
Company NMLS# 1738461
Personal NMLS# 57916

For assistance with Kentucky mortgage loans, reach out via email, call, or text Joel Lobb directly.

Kentucky Local Home Loan Lender Services

 First-Time Home Buyers Welcome
 FHA, Rural Housing (USDA), VA, and Kentucky Housing Corporation (KHC) Loans
 Conventional Loan Options Available
 Fast Local Decision-Making
 Experienced Guidance Through the Home Buying Process