The Ins and Outs of IDA

 

 

Kentucky Individual Development Accounts (IDAs) are a great way to help borrowers realize their dream of home ownership.

Kentucky Individual Development Accounts (IDAs) are a great way to help borrowers realize their dream of home ownership.

 

Kentucky Individual Development Accounts (IDAs) are a great way to help borrowers realize their dream of home ownership in Kentucky .

 

A IDA is a special savings account that matches deposits of low to moderate income individuals and is designed to encourage good savings habits.

 

  • IDA funds can be used for Down Payment and/or closing costs.
  • Each IDA program is unique and how much will be matched may vary.
  • IDAs can be as short as 6 months or up to 3 years.
  • IDA funds can be used with most loan programs.

 

Below is a list of Kentucky IDA Providers.

 

Organization Address City State ZIP Phone
Barren River Area Safe Space P.O. Box 1941 Bowling Green KY 42102 Barren County:(270)659-0823; Logan County:(270)726-4509; Warren County:(270)781-9334
Bluegrass Domestic Violence Program P.O. Box 55190 Lexington KY 40555 (859) 233-0657
Green Co. Adult Education Program 416 Scottsville Street Greensburg KY 42743 (270) 932-5936
Hazel Joyce Wiley Career & Financial Literacy Institute, Inc P.O. Box 71 Shelbyvile KY 40066 (502) 647-3072
Housing Development Alliance P.O. Box 7284 Hazard KY 41702 (606) 436-0497
Jewish Family & Career Services 2821 Klempner Way Louisville KY 40205 (502) 452-6341
Kentucky Domestic Violence Association, Inc. 111 Darby Shire Circle Frankfort KY 40601 (503) 209-5382
New Directions Housing Corporation 1000 E. Liberty Street Louisville KY 40204 (502) 719-7120
Potential, Inc. 105 Burdine Street Somerset KY 42501 (606) 416-5711
REACH 733 Red Mile Road Lexington KY 40504 (859) 455-8057
Sanctuary P.O. Box 1165 Hopkinsville KY 42241 (270) 885-4572
The Center for Women and Families P.O. Box 2048 Louisville KY 40201-2048 (502) 581-7262
The Race For Education, Inc. 1818 Versailles Road Lexington KY 40504 (859) 879-0379
United Way of the Bluegrass 2480 Fortune Ave. #250 Lexington KY 40508 (859) 233-4461 x300

 

Joel Lobb
Senior  Loan Officer

(NMLS#57916)
American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346
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One thought on “

  1. Reblogged this on Louisville Kentucky Mortgage Loans and commented:

    Kentucky Individual Development Accounts (IDAs) are a great way to help borrowers realize their dream of home ownership in Kentucky .

    A IDA is a special savings account that matches deposits of low to moderate income individuals and is designed to encourage good savings habits.

    IDA funds can be used for Down Payment and/or closing costs.
    Each IDA program is unique and how much will be matched may vary.
    IDAs can be as short as 6 months or up to 3 years.
    IDA funds can be used with most loan programs.

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