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First Time Home Buyer in KY? We Found Help!

First Time Home Buyer in KY? We Found Help!

If you’re a first time home buyer in KY, you can get help! From down payment assistance to low-interest mortgages, it’s easy to save money while buying a home. We found so many resources to help you get into the home of your dreams.

Get more help buying a house with low income here!

Down payment assistance programs are available if you’re a first time home buyer in KY.

Kentucky housing could help if you’re a first time home buyer in KY. You can get help with your home purchase by using their down payment assistance. They may also be able to help you with closing cost assistance.

The FHLB in Cincinnati serves parts of Kentucky and can help with down payment assistance. The Welcome Home grant is to help with down payment assistance for those who qualify. They work with low-income families and those who might not be able to qualify for traditional financing sources.

If you’re purchasing a home in a rural area of Kentucky, you might be able to get help through the USDA. The program provides down payment assistance if you’re a first time home buyer in KY, purchasing in an area they deem rural and do not have enough for a traditional down payment.

Community Action of Kentucky could help you with down payment assistance. You can apply for down payment assistance online or you can visit one of your local community action agencies to get help with your down payment.

Here are first-time home buyer programs in Kentucky.

The Community Ventures Corporation could help you if you’re a first time home buyer in KY. They provide help by offering lower than average rates, a down payment assistance program and lower credit requirements for first time home buyers. You must still meet certain requirements to get approved for the program.

Along with down payment assistance, the USDA offers $0 down home purchase options. You must meet certain credit requirements, but they’re often easier to meet than traditional loans. You must also be purchasing a home in a rural area.

First time home buyer in KY? You could get help with an FHA loan. The loans that are backed by the FHA allow very low credit requirements (sometimes as low as 580). They also have lower down payments than other loans. You can get FHA financing from traditional lenders as well as FHA-specific lenders.

If you need a home and are willing to put the work into building that home, you could get help from Habitat for Humanity. They work with low-income families who need a home. The program requires you to put sweat equity into it by working alongside professionals and volunteers. The rates you get on a mortgage after the home is built are often much lower than you’d get with traditional financing.

The FAHE helps rural Appalachian families get help through home buyer and poverty improvement opportunities. They offer low-interest loans, down payment assistance and non traditional financing for families in Appalachia. Along with these resources, they also offer other poverty relief options.

We found programs for veterans & military.

Military member or veteran? You might be able to get even more help if you’re a first time home buyer in Kentucky. You could qualify for help with a new home purchase through a VA-backed loan. This could help you save money on your interest rates and on a down payment. Home loans backed by the VA may also be easier to obtain if you have fair or poor credit! 

Your county might help you if you’re a first time home buyer in KY.

Many counties offer programs for people who are a first time home buyer in KY. You can get help with down payments, lower rates and mortgages that are easier to qualify for!

Boyd County

Ashland offers a down payment assistance program. The program is part of their neighborhood improvement services and could help you get into a home quicker. Along with down payment assistance, you might be able to get help with other home buyer resources in Ashland.

Christian County

If you’re buying a home in Hopkinsville, you might be able to get help through their housing assistance program. They offer programs to help you find, secure and move into a new home in the area. The program has some requirements you must meet if you’re a first time home buyer in KY. You can get help with down payment assistance and even housing rates if you’re purchasing in Hopkinsville.

Daviess County

Owensboro offers a portion of a community block grant to help home buyers in the city. You will need to apply for the grant and get approved for it to get help through the city. You may need to meet certain requirements to get help through the city. The grant can help pay for things like your down payment, closing costs or even moving costs when you’re moving into your new home!

Fayette County

Through the Lexington community services program, you can get help if you’re a first time home buyer in KY. The program works with people who are already living in Lexington and people planning to move to the city. You might be able to qualify for the community development block grant they offer.

Hardin County

Are you a first time home buyer in KY trying to purchase a home in Elizabethtown? Help might be available to you! Their planning development committee offers programs for first time home buyers so you can get the most out of your purchase in the city. You may be able to combine their home buying assistance programs with other state-sponsored ones to make your home buying process even easier.

Jefferson County

If you’re in Louisville, you might be able to get help through their city services. They offer programs if you’re a first time home buyer in KY or if you’re just a first time buyer in the city. The city might be able to help you find a house, property or anything else. They may also be able to provide some housing assistance.

Through Louisville’s down payment assistance program, you can get help with the down payment for your house. The program can help you by providing a grant for a portion of your down payment. You can use this grant in combination with other grants and loan programs that are offered by the state.

You could get help through Housing Partnership, Inc. They offer home buyer courses that could teach you more about buying your own home, building your credit and saving money. They also have ways to connect you with home buying resources. If you do not qualify, you could get help through their lease to purchase program that could allow you a little more time to save for the home of your dreams while living in it.

Kenton County

Buying a home in Covington? You might be able to get help with a home loan through the city. The program was intended to bring more buyers into the area and the loans can help you by offering lower than average interest rates. You must apply for the loan through the city and you must meet certain other requirements to qualify for it.

Warren County

If you’re planning a home purchase in Bowling Green, you can get help with both grants and loans. The city offers grants that can help you with your down payment in amounts up to $1,500. They also offer loans you can use that will help you with closing costs and down payments. You must meet certain credit requirements and fall below a certain income to qualify.

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