First Time Home Buyer Mortgage Louisville Ky |Down Payment Assistance Program


Down Payment Assistance Program | Louisville Kentucky

The Down Payment Assistance Program provides qualified homebuyers a loan to assist with purchasing a home which will be their primary residence.

Homebuyer households must have income no greater than 80% of median income, adjusted for family size.

All Homebuyers must complete HUD approved homeownership counseling before assistance can be committed. A Certificate of Completion from the counseling agency must be submitted with the application. Contact  us at  (502) 905-3708 for counseling.

Metro Louisville Government has revised its Down Payment Assistance Program increasing the amount of assistance.

We are now offering Metro Louisville Kentucky Wide assistance, and homebuyers may qualify for a forgivable mortgage which will be forgiven over a five (5) year period of 10% of the purchase price of the home to a maximum of $10,000.

 

Our Department has also allocated closing cost assistance in the amount of up to $2,000 for down payment assistance programs; however, homebuyers must pay all prepaid costs from their own funds.

Homebuyers are responsible for obtaining primary financing with a fixed rate mortgage from a reputable lender.

A Housing Quality Standards inspection will be conducted by a  inspector before closing. All deficiencies must be corrected and verified by re-inspection prior to closing

A HUD-1 closing statement must be received two working days (48 hours) prior to closing.

Applications will be accepted at any time. Assistance is granted on a first come, first serve basis. For more information about the Down Payment Assistance Program, please call 502-905-3708

Down Payment Assistance Program | Louisville Kentucky

 

FREE DOWNPAYMENT ASSISTANCE --Louisville Kentucky Mortgage--Call 502-905-3708 for free appointment

 


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