2026 Welcome Home Grant Program for Kentucky Home Buyers


Summary: The Welcome Home Program in Kentucky offers grants up to $25,000 for military homebuyers and up to $20,000 for other eligible buyers to assist with down payment and closing costs. Eligible homebuyers must meet income criteria and other guidelines. Properties eligible for the grant must be the buyer's primary residence and have a legally enforceable retention mechanism. Prospective homebuyers should contact an FHLB Cincinnati Member financial institution for more program information and eligibility details. Various other programs and grants are also available for first-time homebuyers in Kentucky. For further information, contact a Kentucky Mortgage Lender.

Kentucky First-Time Home Buyer Loan Programs


Kentucky First Time Home Buyer Loan Programs for 2024

How to Get $2,500 in Grant Assistance for Your New Home in Kentucky in 2025!


Home-ownership just got more affordable for low-to-moderate income Kentucky residents! If you’re planning to buy a home in 2025, you might qualify for assistance. You could receive a $2,500 grant through Freddie Mac’s Home Possible® and Fannie Mae’s HomeReady® programs. This limited-time offer is designed to help cover your down payment. It also assists with … Continue reading How to Get $2,500 in Grant Assistance for Your New Home in Kentucky in 2025!

Here are action steps you can take right now to buy a home in Kentucky in 2025


If you're planning to buy a home in Kentucky in 2024, here are some essential steps to consider: 1. Focus on improving your credit score to qualify for a mortgage with a low interest rate. 2. Manage your debt-to-income ratio by repaying existing debt, increasing your income, or both. 3. Ensure timely payments on all accounts to maintain a good credit score. 4. Get pre-approved for a mortgage before searching for a home to know your affordability. 5. Keep credit card utilization below 30% and seek down payment assistance programs if needed.

How long is my pre-approval good for on a Kentucky Mortgage Loan?


When shopping for a Kentucky mortgage loan, keep in mind that mortgage rates can change daily. Different lenders have varying fees, and they may sell your loan to another bank. Your middle credit score is crucial, and good credit leads to better rates. Knowing your Annual Percentage Rate (APR) and reducing closing costs are important. Finally, you can refinance your home loan anytime and get a mortgage loan after a foreclosure with certain waiting periods.