Kentucky Down Payment Assistance Programs

Kentucky homebuyers continue to experience strong demand for down payment assistance programs, especially in the Louisville market. Below is the current status of the most commonly used programs, including updated information on the Louisville Metro initiative and the statewide Kentucky Housing Corporation (KHC) options.

KHC Down Payment Assistance (Statewide)

Kentucky Housing Corporation (KHC) remains the primary and most reliable source of down payment assistance for Kentucky homebuyers. The KHC DPA program can help cover the down payment, closing costs, and prepaid items, and is structured as a second mortgage with fixed terms.

  • Available statewide, including Louisville
  • Up to 12,500 in down payment assistance
  • Second mortgage, fixed rate, 15-year term
  • Can be used with FHA, USDA, VA, or Conventional financing
  • Income limits, purchase price caps, and credit requirements apply

KHC remains fully operational, and this is the program most buyers will qualify for when using down payment assistance in 2025–2026.

Louisville Metro Down Payment Assistance Program

As of July 2025, the Louisville Metro Down Payment Assistance Program is paused and not accepting new applications. Metro Government temporarily halted the program to reallocate funds to other housing initiatives. Borrowers should verify future availability as this may change depending on funding cycles.

Prior to the pause, this program helped eligible buyers with significant grant-based down payment and closing cost assistance. If Metro Louisville reopens the program, updates will be posted on the city’s housing website. Until then, buyers should rely on statewide programs such as KHC DPA.

Other Local Assistance Options

From time to time, county and city agencies across Kentucky offer localized grants, forgivable loans, or employer-assisted housing incentives. Most are seasonal or dependent on grant cycles, so availability can change quickly. Buyers should verify program status early in the loan process to avoid delays.

Work With a KHC-Approved Mortgage Professional

Down payment assistance programs move fast, have strict eligibility requirements, and may pause without notice. Working with a lender who is approved for KHC and familiar with local programs helps ensure your application is positioned correctly from day one.

If you need a full eligibility review, loan comparison, or a same-day KHC DPA scenario, reach out anytime.

Equal Housing Lender • NMLS 57916 • Company NMLS 1738461
Joel Lobb – Mortgage Broker, FHA, VA, USDA, KHC – Louisville KY
Call or text: 502-905-3708 • Email: kentuckyloan@gmail.com
http://www.kentuckyfirsttimehomebuyer.com • http://www.mylouisvillekentuckymortgage.com

Kentucky Down Payment Programs

Zero-Down and Low-Down Assistance Options

Available Programs

Kentucky Housing
Corporation (KHC)

  • Up to $12,500 assistance
  • 15-year fixed second mortgage
  • FHA, VA, USDA, Conventional allowed
  • Income and price limits apply

Louisville Metro DPA

  • Program PAUSED as of July 2025
  • No new applications accepted
  • Prior grants may return pending funding

Other Local Incentives

  • City/County seasonal grants
  • First-time buyer courses
  • Employer-assisted housing in some regions

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