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Kentucky
First Time Home Buyer Grants

Digging for Kentucky first time home buyer grants to purchase a home? Find the best grants, programs for home buying in Kentucky and other down payment assistance options below.

Thinking about purchasing a home in the great state of Kentucky? That is a cool and exciting endeavor!

But it can also be scary! Don't let that fear stop you. You can do it and I plan to give some awesome information to help.

If you would like help navigating the home buying process, which includes finding a grant; searching for that perfect home or even selecting the right mortgage, click here and fill out the questionnaire for some free coaching and let's get this process started!

Kentucky Home Buying Assistance Programs

kentucky first time home buyer grants

To begin with, the State of Kentucky does offer a Kentucky first time home buyer grant program for its residents. The state agency which maintains Kentucky's first time home buyer grant program is the Kentucky Housing Corporation.

The program is called "Down Payment Closing Cost Assistance." It is a grant of $1,500 towards your closing costs. It's only available in certain areas of Kentucky, so you'll have to check the area you want to buy a home to see if it qualifies.

Kentucky offers several different types of loans to help. Which one or ones you will qualify for will depend on your income. These loans are meant to assist with down payment and closing costs and some are "forgiven" after a specified period of time, generally five years. This means that the amount of the loan becomes a "gift" to you after the appropriate period of time has elapsed. Those loans that are forgiven after a period of time are limited to certain counties. Check to see if your county qualifies.

One program is called the Regular DAP or the HOME-DAP. The requirements and restrictions for these programs vary so you will have to investigate each one.

Additionally, you can receive up to $6,000 through these loan programs, depending upon the program for which you qualify. You should visit Kentucky Housing Corporation to determine which loans are best suited to your needs and for which loans you may qualify.

Kentucky treats their residents pretty good!!

Federal Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in Kentucky. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Home Buying Grants

Another website I would recommend that you view is Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

I always encourage those looking for a grant for help to do their research and apply early in the year. Many grants are funded at the beginning of the year and run out of money before the end. So don't procrastinate, do your work early!

You might consider starting a savings plan while you are searching and applying for grant money. Why do I suggest this? If for some reason you cannot get approved, you may have succeeded in saving enough for the low down payment programs.

Even if you do qualify, the money saved can help you purchase other things you need for the home, so it won't hurt to start.

Remember, you do need to find a lender who will work with any of these Kentucky first time home buyer grants. Even if you qualify for a grant, you still have to qualify for a loan.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

Perhaps a grant is not available in your state. Or you do not qualify for one. Don't get discouraged. If you still want to save money, check out this page that discusses the zero down payment program.

So have you found a home? Are you thinking about getting qualified for a mortgage? Maybe you want to visit our page on how to qualify for a mortgage.

Would you like to know what type of loans are available? Visit our Home Mortgage Information page for tons of information on all kinds of loans. Learn about FHA, VA, and various other types of options.

Would you like some help? Perhaps a personal coach to guide you through the process is what you're looking for. For free coaching, fill out the questionnaire here. Then you will be contacted and offered the assistance you seek.

More Kentucky First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Kentucky First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Happy Home Digging!!


Leave Kentucky First Time Home Buyer Grants and return to State Lists main page.

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