Bootcamp For Buyers

First Time Homebuyer Programs in Kentucky

Kentucky offers a variety of programs through the Kentucky Housing Corporation (KHC) to help first-time homebuyers achieve their dreams of homeownership. These programs include down payment assistance, competitive mortgage rates, and tailored resources for new buyers.

KHC Regular Down Payment Assistance Program

The Regular Down Payment Assistance Program provides financial support for upfront costs.

  • Offers up to $6,000 in assistance as a repayable second mortgage.
  • Features a 10-year term with a 3.75% interest rate.
  • Available statewide for eligible buyers with KHC loans.

KHC Hardest Hit Fund Down Payment Assistance

This program offers additional support for low- to moderate-income buyers in specific areas.

  • Provides up to $10,000 in forgivable assistance for down payment and closing costs.
  • Assistance is forgiven over five years of homeownership.
  • Targeted for purchases in specific counties and census tracts.

KHC Conventional Loan Programs

The KHC Conventional Loan offers competitive mortgage options for first-time buyers.

  • Includes 30-year fixed-rate loans with reduced private mortgage insurance (PMI).
  • Income and purchase price limits apply based on household size and location.
  • Must be paired with a KHC-approved lender.

Kentucky’s first-time homebuyer programs are designed to make homeownership more accessible and affordable. Take advantage of these opportunities to secure your dream home in the Bluegrass State.