The Kentucky Housing Corporation (KHC) recognizes that though many potential homebuyers can afford the monthly mortgage payments on a new house, they don’t have enough money saved up for the down payment. That’s what the new HHF Down Payment Assistance Program aims to help with.

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Hardest Hit Fund Down Payment Assistance

Financial Assistance for Homebuyers in Kentucky

The Kentucky Housing Corporation (KHC) recognizes that though many potential homebuyers can afford the monthly mortgage payments on a new house, they don’t have enough money saved up for the down payment. That’s what the new Hardest Hit Fund Down Payment Assistance Program (HHF-DAP) aims to help with. 

Available Assistance
HHF DAP provides eligible individuals with up to $10,000 in down payment assistance, to help them achieve their dreams of homeownership. The down payment assistance comes in the form of a zero-interest, forgivable second mortgage loan with a 5-year term. 


Eligibility Requirements
  • In order to be considered eligible for HHF DAP, applicants must be first-time home buyers (any individual who has owned a home in the last three years is not eligible). Borrowers are required to provide the last 3 years of federal tax returns or tax transcripts to prove eligibility.
  • Completion of a pre-purchase homebuyer education is mandatory, and all applicants must secure the Dodd-Frank Certification.
  • Secondary Market Purchase Price and Income Limits apply
  • The property being purchased must be located in Christian, Hardin, Jefferson, or Kenton County. New construction homes are not eligible, which means the property must have previously been occupied.
The purpose of this program is to make funds available to eligible applicants who are interested in purchasing a home but need financial help to pay the upfront costs, which include the down payment, as well as the closing costs and prepaid items required to obtain homeownership. These expenses can add up to a substantial amount, and the inability to pay it might keep people stuck in a renters trap. 

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but States and Local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits.

Down Payment Grants in Kentucky

Covington, Kentucky offers individuals a Homebuyer Assistance Program that provide income-eligible households with zero-interest, deferred or forgivable loans to assist with buying an owner occupied home. 

The Kentucky Housing Corporation (KHC) recognizes that though many potential homebuyers can afford the monthly mortgage payments on a new house, they don’t have enough money saved up for the down payment. That’s what the new HHF Down Payment Assistance Program aims to help with.

The Homebuyer Assistance Program provides low- to moderate-income homebuyers with a loan help cover the down payment and closing costs. It's available to any homebuyer that is looking to purchase an existing or newly constructed home in the Louisville Metro area.

The Your Kentucky Home initiative offers income-eligible homebuyers across the Commonwealth down payment assistance in the form of a grant, up to 5 percent of the loan amount of their first mortgage.

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