How to Buy a Home in Kentucky with No Money Down: A Step-by-Step Guide for First-Time Buyer

Dreaming of buying a home in Kentucky but worried about the down payment? You're not alone. Fortunately, several loan programs and grants are available that can help you purchase a home with zero money down. This guide walks you through the most effective ways to make that dream a reality in 2025.

✅ Zero Down Payment Options for Kentucky Buyers

🏡 USDA Loans

• No down payment required
• Must buy in eligible rural areas
• Income limits apply (115% of median income)
• Credit score typically 640+

🎖️ VA Loans

• 100% financing for veterans, service members, and eligible spouses
• No mortgage insurance
• Lenient credit requirements (often 620+)

🏠 FHA Loans + Down Payment Assistance (DAP)

• Minimum 3.5% down, often covered by assistance programs
• Minimum credit score: 580
• Accepted grants and gift funds to reduce upfront costs

🏦 Kentucky Housing Corporation (KHC) Assistance

💰 Down Payment Assistance Program (DAP)

• Up to $10,000 in assistance
• 10-year term at 3.75% interest
• Used with FHA, VA, USDA, and Conventional loans

🎉 Welcome Home Grant

• Available annually for qualified buyers
• Free grant money to cover closing and down payment costs

📝 Steps to Qualify for No Money Down Programs

1. Check Eligibility: Income, location, military status, credit score
2. Get Pre-Approved: Start with a trusted mortgage lender
3. Take a Homebuyer Education Course: Required for most grants
4. Apply for Assistance: Work with your lender to package loans + grants
5. Find a Home: Ensure the property qualifies for the loan program

📊 No Money Down Steps

❓ Frequently Asked Questions

Can I use multiple programs together?

Yes! You can layer KHC down payment assistance with FHA, VA, or USDA loans to cover costs.

What if I have bad credit?

FHA loans allow scores as low as 580 with 3.5% down. With a 620+ score, you can qualify for most no-money-down options.

Do I have to repay down payment assistance?

Some are forgivable if you stay in the home a certain number of years; others require repayment. Your lender will guide you.

📞 Call to Action

Ready to buy your Kentucky home with no money down? Contact Joel Lobb, Mortgage Loan Officer, for a free consultation and same-day pre-approval.

📧 kentuckyloan@gmail.com
📞 Call/Text: (502) 905-3708
🌐 www.mylouisvillekentuckymortgage.com

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NMLS #57916 | Equal Housing Lender | Subject to credit approval and program availability. Not a commitment to lend. Visit nmlsconsumeraccess.org for more information.

Kentucky No Money Down Home Loans

Buy a Home in Kentucky With No Money Down — Even With Bad Credit, subject to credit qualfying criteria

Struggling with credit? Don’t have a down payment saved up?
You’re not out of options. You’re just one good loan officer away from a plan.

At Kentucky Home Loans by Joel Lobb, we specialize in helping homebuyers just like you get approved using government-backed loan programs that require little to no money down—even with less-than-perfect credit.

You Might Qualify for These No-Money-Down Options:

USDA Loans

• $0 down payment required
• Flexible credit guidelines (scores as low as 580)
• Great for rural areas and small towns across Kentucky

VA Loans (for veterans, active duty & eligible spouses)

• 100% financing — no down payment
• No monthly mortgage insurance
• Approvals with credit scores as low as 500–580

FHA Loans + KHC Assistance

• Only 3.5% down, with help available from Kentucky Housing Corporation
• Credit scores as low as 580 (even lower with 10% down)
• Forgiving on past credit issues, bankruptcies, or foreclosures

Kentucky Housing Corporation (KHC)

• Up to $10,000 in down payment help
• Pair with FHA, VA, USDA, or Conventional loans
• Available to first-time and repeat buyers

We Make It Simple:

1. Free mortgage application
2. Same-day credit review and pre-approval
3. No hidden fees or pressure
4. One-on-one help every step of the way

Let’s Find Out What You Qualify For

I’m Joel Lobb, a local loan officer with 20+ years of experience helping Kentucky families become homeowners. If you've been told “no” before, don’t give up. There may still be a path forward—and I’ll help you find it.

Call or Text: (502) 905-3708
Email: kentuckyloan@gmail.com
NMLS #57916 – Kentucky #1 Lender for Kentucky First Time Homebuyers for government backed loans by FHA, VA, USDA and KHC.

Ready to Get Started?

APPLY NOW – FREE CREDIT CHECK & SAME-DAY ANSWER

Ready to Get Started? If you’re ready to purchase a home in Kentucky, partnering with an experienced loan officer will make the process seamless. Whether you're a first-time homebuyer or upgrading, programs like FHA, VA, USDA, and KHC down payment assistance are designed to help you achieve your dream of homeownership. For personalized guidance and support, contact: 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.