Buying a Home in the Louisville Kentucky Area (Home Ownership Programs) Louisville Ky

If you’re thinking about buying a home in the Louisville Kentucky Area, , you might want to think about talking to one of these Louisville Kentucky Home Buyers  agencies first. They can provide you with valuable advice on every step of the process, from budgeting your income to negotiating a contract to closing on a loan. The assistance doesn’t stop once you’ve moved in; many agencies will also give you guidance on how to maintain your home and how to prevent foreclosure. Most of these agencies provide their services at no charge. Usually, anyone can take advantage of the programs, although they are aimed primarily at first-time buyers. In some cases, counseling is required by lenders, especially if any government assistance is being provided to help lower a loan rate or help pay for closing costs. All of the agencies will provide interpreters for those who don’t speak English.

Consumer Credit Counseling Service



        (502) 458-8840


2100 Gardiner Lane, Suite 103A 1-800-278-9219 (toll-free)

Louisville, KY 40205

Since 1980, Consumer Credit Counseling Service has been a HUDapproved

counseling agency. Many lenders look for this stamp of approval

in deciding where to send their customers for counseling. Consumer

Credit Counseling Service not only provides the one-on-one counseling

often required by lenders, but it offers a one-day Homebuyer Preparedness

Program. This free program covers such topics as working with a

real estate agent, finding a lender, figuring out how much you can afford

to spend and going through the application process. The agency is certified

by HUD to provide default and reverse equity mortgage counseling,

too. Counseling on debt management and budgets also is available. The

initial counseling session is free. Consumer Credit has six sites through

The Housing Partnership, Inc.                

(502) 585-5451333 Guthrie Green, Suite 404      

Louisville, KY 40202

The Housing Partnership, Inc. Home Ownership Program is the largest

HUD-certified program in Kentucky. The program provides counseling,

courses and other services to those who want to own a home. It also

provides counseling to home owners who are in danger of default. Participants

attend an orientation session before being assigned a counselor,

who provides information on budgeting and credit preparation. Participants

then must complete several short courses over six weeks. These

courses cover basics, such as sales contracts, home inspections, mortgage

loans, insurance and maintenance. A one-time fee based on income may

be assessed. Scholarships are available. The fee entitles participants to a lifetime of service. Home buyers often come back for help on budget

and credit issues.  



Kentucky Housing Corp.         

(502) 564-7630, ext. 3241231 Louisville Road 1-800-633-8896 (Kentucky only)Frankfort, KY 40601

The “Yes You Can…Own a Home” series of classes is presented periodically

throughout the state by local lenders and nonprofit organizations.

Local coordinators team up with housing-related professionals

who volunteer their time to serve as instructors. Topics include finding

the right house, completing a loan application, the mortgage loan process,

budget and credit issues and basic home maintenance. The classes

are free and open to all. In addition, the agency offers a counseling

program for potential home buyers who have been declined financing

by the Kentucky Housing Corp. or by a KHC-approved lender or who

have completed the “Yes You Can” course and are within KHC’s income

limits. As the state housing-finance agency, the Kentucky Housing

Corp. also offers a down-payment assistance program, low-interest-rate

mortgages, financing for the production of rental housing and a variety

of rental assistance programs.


Louisville Urban League 

(502) 561-6830, ext. 1221535 W. Broadway

Louisville, KY 40203

The Louisville Urban League Housing Services & Neighborhood

Revitalization Department offers the Home Ownership Training (HOT)

Program. Through individual and group counseling, HOT prepares

and prequalifies people for mortgages. In one-on-one sessions with a

certified HUD counselor, clients learn about budgeting, credit and home

ownership options. When financially ready (clean credit, steady budget

and savings), clients take four classes. These cover sales and purchase

contracts, inspections and maintenance, loan applications and closing,

and insurance. Classes are held the last two Tuesday and Thursday

nights of the month. Those who already save, budget and have established

good credit are eligible for a “fast track” version of this training—a

one-day group session called “Home Track.” The Urban League charges

a lifetime membership fee, which is set on a sliding scale, based on

income. The fee ranges from $100 to $250. Kentucky residency is not

required. Additional counseling is available on such issues as reverse

mortgages, delinquencies, refinancing and rental options.

I am experienced in all the above Louisville Kentucky First Time Home Buyer Programs. Call me at 502-905–3708 or email at and I will help guy you thru the home buying process in the Louisville Kentucky Area.




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