Kentucky Down Payment Assistance (DPA)

Paying back Kentucky Down Payment Assistance (DPA): how does it work?

This repayable loan is a second loan, with monthly payments to KHC for 15 years. Ask an approved lender, because KHC gives the interest rate to those lenders only.

This repayable loan is a small second mortgage, paid off monthly and usually added to your main home loan payment.

Kentucky Down Payment Assistance (DPA): who qualifies?

• It varies by program and county; the most common program is $152,775 to $192,325.
• Being a first-time buyer isn't required.
• You need a credit score of at least 620.
• Part of the package is a KHC first mortgage, and KHC's income and purchase price limits apply to it.
• Maximum price: $566,354.

Your county and household size set most limits. See how your household compares and find your area's median income with our HUD income limits lookup.

Applying for Kentucky Down Payment Assistance (DPA)

1. Apply with one approved lender alongside your home loan; Kentucky Housing Corporation sends this help through those lenders.
2. Before holding the money for you, the lender compares your credit, income and the home with the program rules.
3. At closing, the money goes toward your closing costs and down payment.

The full rules and whether it is accepting applications are on Kentucky Housing Corporation's page for Down Payment Assistance (DPA); you can also pick a lender from the agency's lender list.

Other help for Kentucky buyers

All first-time home buyer programs in Kentucky · Down payment help for every state