Tag: kentucky welcome home grant

2024 Welcome Home Program for Kentucky Home Buyers

~ Louisville Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Zero Down Payment Home Loans ~ 1 Comment

2024 Welcome Home Program for Kentucky Home Buyers

 

– Kentucky First-Time Homebuyer Loan Programs for FHA, VA, KHC and USDA

2024 Income Limits Kentucky

Use the 80% limits for the Welcome Home Program

 100% limits80% limits 
 1-2 Persons3 + Persons1-2 Persons3 + Persons
Adair$               78,600$               90,390$             62,880$               72,312
Allen$               78,600$               91,420$             62,880$               73,136
Anderson$               86,270$               99,210$             69,016$               79,368
Ballard$               80,400$               93,800$             64,320$               75,040
Barren$               78,600$               90,390$             62,880$               72,312
Bath$               94,320$             110,040$             75,456$               88,032
Bell$               94,320$             110,040$             75,456$               88,032
Boone$             101,100$             116,265$             80,880$               93,012
Bourbon$               89,300$             102,695$             71,440$               82,156
Boyd$               83,040$               96,880$             66,432$               77,504
Boyle$               80,760$               94,220$             64,608$               75,376
Bracken$             101,100$             116,265$             80,880$               93,012
Breathitt$               94,320$             110,040$             75,456$               88,032
Breckinridge$               87,410$             100,521$             69,928$               80,417
Bullitt$               89,700$             103,155$             71,760$               82,524
Butler$               78,600$               91,420$             62,880$               73,136
Caldwell$               84,480$               98,560$             67,584$               78,848
Calloway$               82,560$               96,320$             66,048$               77,056
Campbell$             101,100$             116,265$             80,880$               93,012
Carlisle$               78,600$               90,860$             62,880$               72,688
Carroll$               78,600$               90,390$             62,880$               72,312
Carter$               94,320$             110,040$             75,456$               88,032
Casey$               94,320$             110,040$             75,456$               88,032
Christian$               87,590$             100,728$             70,072$               80,582
Clark$               89,300$             102,695$             71,440$               82,156
Clay$               94,320$             110,040$             75,456$               88,032
Clinton$               94,320$             110,040$             75,456$               88,032
Crittenden$               83,760$               97,720$             67,008$               78,176
Cumberland$               78,600$               90,390$             62,880$               72,312
Daviess$               86,950$               99,992$             69,560$               79,994
Edmonson$               86,650$               99,647$             69,320$               79,718
Elliott$               94,320$             110,040$             75,456$               88,032
  County100% limits80% limits
1-2 Persons3 + Persons1-2 Persons3 + Persons
Estill$             94,320$           110,040$             75,456$             88,032
Fayette$             89,300$           102,695$             71,440$             82,156
Fleming$             78,600$             90,390$             62,880$             72,312
Floyd$             94,320$           110,040$             75,456$             88,032
Franklin$             85,430$             98,244$             68,344$             78,595
Fulton$             78,600$             90,390$             62,880$             72,312
Gallatin$           101,100$           116,265$             80,880$             93,012
Garrard$             87,210$           100,291$             69,768$             80,233
Grant$             79,560$             92,820$             63,648$             74,256
Graves$             83,160$             97,020$             66,528$             77,616
Grayson$             78,600$             90,390$             62,880$             72,312
Green$             78,600$             90,390$             62,880$             72,312
Greenup$             83,040$             96,880$             66,432$             77,504
Hancock$             86,950$             99,992$             69,560$             79,994
Hardin$             86,750$             99,762$             69,400$             79,810
Harlan$             94,320$           110,040$             75,456$             88,032
Harrison$             87,250$           100,337$             69,800$             80,270
Hart$             78,600$             90,390$             62,880$             72,312
Henderson$             87,300$           100,395$             69,840$             80,316
Henry$             89,700$           103,155$             71,760$             82,524
Hickman$             79,560$             92,820$             63,648$             74,256
Hopkins$             80,640$             94,080$             64,512$             75,264
Jackson$             94,320$           110,040$             75,456$             88,032
Jefferson$             89,700$           103,155$             71,760$             82,524
Jessamine$             89,300$           102,695$             71,440$             82,156
Johnson$             94,320$           110,040$             75,456$             88,032
Kenton$           101,100$           116,265$             80,880$             93,012
Knott$             94,320$           110,040$             75,456$             88,032
Knox$             94,320$           110,040$             75,456$             88,032
Larue$             86,750$             99,762$             69,400$             79,810
Laurel$             78,600$             90,390$             62,880$             72,312
Lawrence$             94,320$           110,040$             75,456$             88,032
Lee$             94,320$           110,040$             75,456$             88,032
Leslie$             94,320$           110,040$             75,456$             88,032
Letcher$             94,320$           110,040$             75,456$             88,032
Lewis$             94,320$           110,040$             75,456$             88,032
Lincoln$             78,600$             90,390$             62,880$             72,312
Livingston$             82,320$             96,040$             65,856$             76,832
Logan$             80,760$             94,220$             64,608$             75,376
Lyon$             87,310$           100,406$             69,848$             80,325
  County100% limits80% limits
1-2 Persons3 + Persons1-2 Persons3 + Persons
McCracken$             87,130$           100,199$               69,704$             80,159
McCreary$             94,320$           110,040$               75,456$             88,032
McLean$             86,950$               99,992$             69,560$             79,994
Madison$             86,910$               99,946$             69,528$             79,957
Magoffin$             94,320$           110,040$               75,456$             88,032
Marion$               80,760$               94,220$             64,608$             75,376
Marshall$               86,030$               98,934$             68,824$             79,147
Martin$               94,320$           110,040$               75,456$             88,032
Mason$             85,920$           100,240$               68,736$             80,192
Meade$               85,790$               98,658$             68,632$             78,926
Menifee$               94,320$           110,040$               75,456$             88,032
Mercer$               86,730$               99,739$             69,384$             79,791
Metcalfe$               94,320$           110,040$               75,456$             88,032
Monroe$               78,600$               90,390$             62,880$             72,312
Montgomery$             78,600$               91,140$             62,880$             72,912
Morgan$               94,320$           110,040$               75,456$             88,032
Muhlenberg$             78,600$               91,700$             62,880$             73,360
Nelson$               85,170$               97,945$             68,136$             78,356
Nicholas$               78,600$               90,860$             62,880$             72,688
Ohio$               78,600$               90,390$             62,880$             72,312
Oldham$             89,700$           103,155$               71,760$             82,524
Owen$               78,600$               91,700$             62,880$             73,360
Owsley$               94,320$           110,040$               75,456$             88,032
Pendleton$           101,100$           116,265$               80,880$             93,012
Perry$               94,320$           110,040$               75,456$             88,032
Pike$               94,320$           110,040$               75,456$             88,032
Powell$               94,320$           110,040$               75,456$             88,032
Pulaski$             78,600$               90,390$             62,880$             72,312
Robertson$             94,320$           110,040$               75,456$             88,032
Rockcastle$             94,320$           110,040$               75,456$             88,032
Rowan$             94,320$           110,040$               75,456$             88,032
Russell$             78,600$               90,860$             62,880$             72,688
Scott$               89,300$           102,695$               71,440$             82,156
Shelby$               92,700$           106,605$               74,160$             85,284
Simpson$             82,920$               96,740$             66,336$             77,392
Spencer$               89,700$           103,155$               71,760$             82,524
Taylor$             78,600$               90,390$             62,880$             72,312
Todd$             78,600$               90,390$             62,880$             72,312
Trigg$               87,590$           100,728$               70,072$             80,582
Trimble$               86,770$               99,785$             69,416$             79,828
 100% limits80% limits
    
Union$             78,600$             91,420$             62,880$             73,136
Warren$             86,650$             99,647$             69,320$             79,718
Washington$             87,090$           100,153$             69,672$             80,122
Wayne$             94,320$           110,040$             75,456$             88,032
Webster$             78,600$             90,390$             62,880$             72,312
Whitley$             94,320$           110,040$             75,456$             88,032
Wolfe$             94,320$           110,040$             75,456$             88,032
Woodford$             89,300$           102,695$             71,440$             82,156
Home Buyer Eligibility
A homebuyer would be eligible for the Welcome Home grant if all of the following guidelines are met:


The total income for all occupants who will reside in the home is at or below 80 percent of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located;
A fully executed (signed by buyer and seller) purchase contract on an eligible property is in hand;
The homebuyer has at least $500 of their own funds to contribute towards down payment and/or closing costs; and,
If a first-time homebuyer (typically anyone who has not owned a home in the last three years), a satisfactory homebuyer counseling course is completed prior to the loan closing.
Note: Applicants do not have to be first-time homebuyers.

Property Eligibility
The Welcome Home grant is available for various property types:


The property will be the homebuyer’s primary residence;
The property is a single family, townhome, condominium, duplex, multi-unit (up to four family units) or a qualified manufactured home. (Manufactured homes may be eligible if they are taxed as real estate and affixed to a permanent foundation); and,
The property is subject to a legally enforceable five-year retention mechanism, included in the Deed or as a Declaration of Restrictive Covenants to the Deed, requiring the FHLB Cincinnati be given notice of any refinancing, sale, foreclosure, deed in-lieu of foreclosure, or change in ownership during the five year retention period.




—
Joel Lobb  Mortgage Loan Officer
American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com
http://www.mylouisvillekentuckymortgage.com/






NMLS 57916  | Company NMLS #1364/MB73346135166/MBR1574
Get Approved Now Click Here

The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people.
NMLS ID# 57916, (www.nmlsconsumeraccess.org).



2024 Welcome Home Grant Program for Kentucky Home Buyers $20,000

~ Louisville Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Zero Down Payment Home Loans ~ 1 Comment

Kentucky Down payment assistance loans are available up to $20,000 for Mortgage with Welcome Home Grant 2024 Information for Kentucky Homebuyers Welcome Home Program Grant Program for Kentucky Home buyers in 2024

https://www.tiktok.com/@mortgage.ky/photo/7326216660254231854?is_from_webapp=1&sender_device=pc

Information for Kentucky Homebuyers

Welcome Home Program Grant Program for Kentucky Home buyers in 2024

The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) offers grants of up to $25,000 for honorably discharged veterans, surviving spouses of military personnel, and active duty military homebuyers and up to $20,000 for all other homebuyers to assist with down payment and closing costs for income eligible homebuyers through the Welcome Home Program (WHP). Homebuyers must apply and qualify for a mortgage loan with one of our Member financial institutions to utilize the grant.

Who are Eligible Homebuyers?

A homebuyer would be eligible for the Welcome Home grant if all of the following guidelines are met:

 The total income for all occupants who will reside in the home is at or below 80 percent of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located;
 A fully executed (signed by buyer and seller) purchase contract on an eligible property is in hand;
 The homebuyer has at least $500 of their own funds to contribute towards down payment and/or closing costs; and,
 If a first-time homebuyer (typically anyone who has not owned a home in the last three years), a satisfactory homebuyer counseling course is completed prior to the loan closing. Note: Applicants do not have to be first-time homebuyers.

What is an Eligible Property?

A property would be eligible if all of the following guidelines are met:

 The property will be the homebuyer’s primary residence;
 The property is a single family, townhome, condominium, duplex, multi-unit (up to four family units) or a qualified manufactured home. (Manufactured homes may be eligible if they are taxed as real estate and affixed to a permanent foundation); and,
 The property is subject to a legally enforceable five-year retention mechanism, included in the Deed or as a Declaration of Restrictive Covenants to the Deed, requiring the FHLB Cincinnati be given notice of any refinancing, sale, foreclosure, deed in-lieu of foreclosure, or change in ownership during the five year retention period.

How Do I Apply?

Joel Lobb  Mortgage Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com

http://www.mylouisvillekentuckymortgage.com/

👉 List of Kentucky Mortgage Lenders for the Welcome Grant Home Program for $20,000 for 2024 KY Homebuyers

Use the 80% limits for the Kentucky Welcome Home Program********👇

 

 

100% limits

80% limits

  
 

1-2 Persons

3 + Persons

1-2 Persons

3 + Persons

Adair

$               78,600

$               90,390

$             62,880

$               72,312

Allen

$               78,600

$               91,420

$             62,880

$               73,136

Anderson

$               86,270

$               99,210

$             69,016

$               79,368

Ballard

$               80,400

$               93,800

$             64,320

$               75,040

Barren

$               78,600

$               90,390

$             62,880

$               72,312

Bath

$               94,320

$             110,040

$             75,456

$               88,032

Bell

$               94,320

$             110,040

$             75,456

$               88,032

Boone

$             101,100

$             116,265

$             80,880

$               93,012

Bourbon

$               89,300

$             102,695

$             71,440

$               82,156

Boyd

$               83,040

$               96,880

$             66,432

$               77,504

Boyle

$               80,760

$               94,220

$             64,608

$               75,376

Bracken

$             101,100

$             116,265

$             80,880

$               93,012

Breathitt

$               94,320

$             110,040

$             75,456

$               88,032

Breckinridge

$               87,410

$             100,521

$             69,928

$               80,417

Bullitt

$               89,700

$             103,155

$             71,760

$               82,524

Butler

$               78,600

$               91,420

$             62,880

$               73,136

Caldwell

$               84,480

$               98,560

$             67,584

$               78,848

Calloway

$               82,560

$               96,320

$             66,048

$               77,056

Campbell

$             101,100

$             116,265

$             80,880

$               93,012

Carlisle

$               78,600

$               90,860

$             62,880

$               72,688

Carroll

$               78,600

$               90,390

$             62,880

$               72,312

Carter

$               94,320

$             110,040

$             75,456

$               88,032

Casey

$               94,320

$             110,040

$             75,456

$               88,032

Christian

$               87,590

$             100,728

$             70,072

$               80,582

Clark

$               89,300

$             102,695

$             71,440

$               82,156

Clay

$               94,320

$             110,040

$             75,456

$               88,032

Clinton

$               94,320

$             110,040

$             75,456

$               88,032

Crittenden

$               83,760

$               97,720

$             67,008

$               78,176

Cumberland

$               78,600

$               90,390

$             62,880

$               72,312

Daviess

$               86,950

$               99,992

$             69,560

$               79,994

Edmonson

$               86,650

$               99,647

$             69,320

$               79,718

Elliott

$               94,320

$             110,040

$             75,456

$               88,032
             

County

100% limits

80% limits

1-2 Persons

3 + Persons

1-2 Persons

3 + Persons

Estill

$             94,320

$           110,040

$             75,456

$             88,032

Fayette

$             89,300

$           102,695

$             71,440

$             82,156

Fleming

$             78,600

$             90,390

$             62,880

$             72,312

Floyd

$             94,320

$           110,040

$             75,456

$             88,032

Franklin

$             85,430

$             98,244

$             68,344

$             78,595

Fulton

$             78,600

$             90,390

$             62,880

$             72,312

Gallatin

$           101,100

$           116,265

$             80,880

$             93,012

Garrard

$             87,210

$           100,291

$             69,768

$             80,233

Grant

$             79,560

$             92,820

$             63,648

$             74,256

Graves

$             83,160

$             97,020

$             66,528

$             77,616

Grayson

$             78,600

$             90,390

$             62,880

$             72,312

Green

$             78,600

$             90,390

$             62,880

$             72,312

Greenup

$             83,040

$             96,880

$             66,432

$             77,504

Hancock

$             86,950

$             99,992

$             69,560

$             79,994

Hardin

$             86,750

$             99,762

$             69,400

$             79,810

Harlan

$             94,320

$           110,040

$             75,456

$             88,032

Harrison

$             87,250

$           100,337

$             69,800

$             80,270

Hart

$             78,600

$             90,390

$             62,880

$             72,312

Henderson

$             87,300

$           100,395

$             69,840

$             80,316

Henry

$             89,700

$           103,155

$             71,760

$             82,524

Hickman

$             79,560

$             92,820

$             63,648

$             74,256

Hopkins

$             80,640

$             94,080

$             64,512

$             75,264

Jackson

$             94,320

$           110,040

$             75,456

$             88,032

Jefferson

$             89,700

$           103,155

$             71,760

$             82,524

Jessamine

$             89,300

$           102,695

$             71,440

$             82,156

Johnson

$             94,320

$           110,040

$             75,456

$             88,032

Kenton

$           101,100

$           116,265

$             80,880

$             93,012

Knott

$             94,320

$           110,040

$             75,456

$             88,032

Knox

$             94,320

$           110,040

$             75,456

$             88,032

Larue

$             86,750

$             99,762

$             69,400

$             79,810

Laurel

$             78,600

$             90,390

$             62,880

$             72,312

Lawrence

$             94,320

$           110,040

$             75,456

$             88,032

Lee

$             94,320

$           110,040

$             75,456

$             88,032

Leslie

$             94,320

$           110,040

$             75,456

$             88,032

Letcher

$             94,320

$           110,040

$             75,456

$             88,032

Lewis

$             94,320

$           110,040

$             75,456

$             88,032

Lincoln

$             78,600

$             90,390

$             62,880

$             72,312

Livingston

$             82,320

$             96,040

$             65,856

$             76,832

Logan

$             80,760

$             94,220

$             64,608

$             75,376

Lyon

$             87,310

$           100,406

$             69,848

$             80,325

County

100% limits

80% limits

1-2 Persons

3 + Persons

1-2 Persons

3 + Persons

McCracken

$             87,130

$           100,199

$               69,704

$             80,159

McCreary

$             94,320

$           110,040

$               75,456

$             88,032

McLean

$             86,950

$               99,992

$             69,560

$             79,994

Madison

$             86,910

$               99,946

$             69,528

$             79,957

Magoffin

$             94,320

$           110,040

$               75,456

$             88,032

Marion

$               80,760

$               94,220

$             64,608

$             75,376

Marshall

$               86,030

$               98,934

$             68,824

$             79,147

Martin

$               94,320

$           110,040

$               75,456

$             88,032

Mason

$             85,920

$           100,240

$               68,736

$             80,192

Meade

$               85,790

$               98,658

$             68,632

$             78,926

Menifee

$               94,320

$           110,040

$               75,456

$             88,032

Mercer

$               86,730

$               99,739

$             69,384

$             79,791

Metcalfe

$               94,320

$           110,040

$               75,456

$             88,032

Monroe

$               78,600

$               90,390

$             62,880

$             72,312

Montgomery

$             78,600

$               91,140

$             62,880

$             72,912

Morgan

$               94,320

$           110,040

$               75,456

$             88,032

Muhlenberg

$             78,600

$               91,700

$             62,880

$             73,360

Nelson

$               85,170

$               97,945

$             68,136

$             78,356

Nicholas

$               78,600

$               90,860

$             62,880

$             72,688

Ohio

$               78,600

$               90,390

$             62,880

$             72,312

Oldham

$             89,700

$           103,155

$               71,760

$             82,524

Owen

$               78,600

$               91,700

$             62,880

$             73,360

Owsley

$               94,320

$           110,040

$               75,456

$             88,032

Pendleton

$           101,100

$           116,265

$               80,880

$             93,012

Perry

$               94,320

$           110,040

$               75,456

$             88,032

Pike

$               94,320

$           110,040

$               75,456

$             88,032

Powell

$               94,320

$           110,040

$               75,456

$             88,032

Pulaski

$             78,600

$               90,390

$             62,880

$             72,312

Robertson

$             94,320

$           110,040

$               75,456

$             88,032

Rockcastle

$             94,320

$           110,040

$               75,456

$             88,032

Rowan

$             94,320

$           110,040

$               75,456

$             88,032

Russell

$             78,600

$               90,860

$             62,880

$             72,688

Scott

$               89,300

$           102,695

$               71,440

$             82,156

Shelby

$               92,700

$           106,605

$               74,160

$             85,284

Simpson

$             82,920

$               96,740

$             66,336

$             77,392

Spencer

$               89,700

$           103,155

$               71,760

$             82,524

Taylor

$             78,600

$               90,390

$             62,880

$             72,312

Todd

$             78,600

$               90,390

$             62,880

$             72,312

Trigg

$               87,590

$           100,728

$               70,072

$             80,582

Trimble

$               86,770

$               99,785

$             69,416

$             79,828

County

100% limits

80% limits

1-2 Persons

3 + Persons

1-2 Persons

3 + Persons

Union

$             78,600

$             91,420

$             62,880

$             73,136

Warren

$             86,650

$             99,647

$             69,320

$             79,718

Washington

$             87,090

$           100,153

$             69,672

$             80,122

Wayne

$             94,320

$           110,040

$             75,456

$             88,032

Webster

$             78,600

$             90,390

$             62,880

$             72,312

Whitley

$             94,320

$           110,040

$             75,456

$             88,032

Wolfe

$             94,320

$           110,040

$             75,456

$             88,032

Woodford

$             89,300

$           102,695

$             71,440

$             82,156

2024 Welcome Home Grant Program for Kentucky Home Buyers $20,000
2024 Welcome Home Grant Program for Kentucky Home Buyers $20,000

 

Joel Lobb  Mortgage Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com

http://www.mylouisvillekentuckymortgage.com/

 
NMLS 57916  | Company NMLS #1364/MB73346135166/MBR1574
Get Approved Now Click Here
 

The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people.
NMLS ID# 57916, (www.nmlsconsumeraccess.org).