Louisville Ky Down Payment Assistance Mortgage Program

 

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 Home buyers must complete HUD approved home ownership 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 or email us at kentuckyloan@gmail.com The  Government has revised its Down Payment Assistance Program increasing the amount of assistance.

We are now offering Metro Wide assistance, and home buyers 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 $4000 to  $10,000.

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

502-905-3708—call today for free application–

Home buyers 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 Louisville Metro 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

Louisville Ky Down Payment Assistance Program Mortgage