Louisville Ky Down Payment Assistance Mortgage Program
Call today to see if you qualify for downpayment grant 905-3708
Call today to see if you qualify for downpayment grant 905-3708
Louisville Ky Down Payment Assistance Program Mortgage
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 Homebuyers must complete HUD approved homeownership 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 homebuyers 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, homebuyers must pay all prepaid costs from their own funds.
502-905-3708---call today for free application--
Homebuyers 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
email us today for your free mortgage loan application---kentuckyloan@gmail.com
Louisville Ky Down Payment Assistance Program Mortgage
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