In certain Target Area Neighborhoods the forgivable mortgage will be forgiven over a ten year period and is equal to 20% of the purchase price of the home up to a maximum of $20,000.
In addition to the down payment assistance programs mentioned above there are also funds allocated for closing cost assistance in amounts of up to $2,000 for qualified transactions.
$12,000 to $22,000!!!
That is up to $10,000 or $20,000 for down payment and an additional $2,000 for closing cost. This is more than most families can save in a decade!
How much have you saved in the last five years?
This is a once-in-a-lifetime opportunity!
If you are eligible for down payment assistance we will help you determine how much you can apply for and we will do the paperwork for you absolutely FREE!
- You must be a First Time Home Buyer (not owned a home in the last 3 years)
- Must be a need, do not have enough cash on hand for buying a home
- Income less than 80% of the HUD medium for the area
- Property must be located in Jefferson County Kentucky
- Qualify for a first mortgage
Are there funds available for you?
Find out if you qualify for down payment assistance from Louisville Metro.
Call (502) 753-4127
Or Apply Online
