Here’s a summary of the grants available to Kentucky first-time homebuyers, drawing from insights on Joel Lobb's blog and related sources:

Kentucky Housing Corporation (KHC) Down Payment Assistance
KHC offers several down payment assistance programs to first-time homebuyers. These include:

Up to $10,000 in assistance, repayable over a 10-year term at 3.75% interest.
An additional $8,000 assistance option for those who qualify under specific income limits.
Welcome Home Grant
The Welcome Home Program, offered by the Federal Home Loan Bank of Cincinnati, provides up to $15,000 for eligible homebuyers. This grant can be used for down payments and closing costs. It is available on a first-come, first-served basis starting in early spring each year. The program often targets veterans and other qualified buyers.

5% Grant Program
Some lenders offer a 5% grant based on the purchase price of the home, which can be applied to the down payment, closing costs, or to buy down the interest rate. This grant is often forgivable after a certain period or may have a repayment option, depending on the terms.

$15,000 Grant from UWM
United Wholesale Mortgage (UWM) offers a grant program providing up to $15,000 in down payment and closing cost assistance for first-time homebuyers in Kentucky. This program helps reduce the upfront costs of buying a home, making it easier for new buyers to get into the market.

These programs are designed to assist first-time homebuyers in Kentucky 👇