We are pleased to work with our members to help them take advantage of valuable down payment assistance toward the purchase of a home. The Welcome Home Grant is open to qualified applicants purchasing a home in select counties of Kentucky, Indiana, Ohio, and Tennessee. Funds become available on February 6, 2023.
Grant Program Guidelines:
- $10,000 in grant money can be used for closing costs, pre-paids, and down payments.
- $10,000 allotments may be available to qualified applicants on a first come, first served basis.
- Grant can be applied to any of our mortgage products, including the First Time Home Buyer’s program. **
- Income guidelines based on the county where the home is located and are available for all counties in KY, IN, OH & TN.
We’ve listed a few below
- Jefferson, Bullitt, Oldham Counties, KY
max. $67,760 for 1-2 person household / $77,924 for 3+ person household.
- Hardin County, KY
max. $58,320 for 1-2 person household / $67,068 for 3+ person household.
- Larue County, KY
max. $69,984 for 1-2 person household / $81,648 for 3+ person household.
- Laurel County, KY
max. $58,880 for 1-2 person household / $67,712 for 3+ person household.
- Meade County, KY
max. $62,000 for 1-2 person household / $71,300 for 3+ person household.
- Nelson County, KY
max. $77,184 for 1-2 person household / $90,048 for 3+ person household.
- Shelby County, KY
max. $70,080 for 1-2 person household / $80,592 for 3+ person household.
- Gallatin & Pendleton Counties, KY
max. $91,680 for 1-2 person household / $106,690 for 3+ person household.
- Grant & Trimble Counties, KY
max. $70,656 for 1-2 person household / $82,432 for 3+ person household.
- Henry & Spencer Counties, KY
max. $81,312 for 1-2 person household / $94,864 for 3+ person household.
- Boone, Campbell, Kenton Counties, KY
max. $76,400 for 1-2 person household / $87,860 for 3+ person household.
- Knox, Pulaski, Rockcastle, Whitley Counties, KY
max. $70,656 for 1-2 person household / $82,432 for 3+ person household.
- Clark, Floyd, Harrison Counties, IN
max. $67,760 for 1-2 person household / $77,924 for 3+ person household.
- Scott & Washington Counties, IN
max. $78,816 for 1-2 person household / $91,952 for 3+ person household.
- Dearborn & Ohio Counties, IN
max. $95,136 for 1-2 person household / $110,992 for 3+ person household.
- Hamilton County, OH
max. $79,280 for 1-2 person household / $91,172 for 3+ person household.
$15,000 for Honorably Discharged Veterans and Active Duty Military Home Buyers is also available!
Limited amount of grant money available. Grant is forgiven upon residency of 5 years and 1 day. If property is sold within the first five years, grant money is prorated for repayment. Home must be owner occupied. Home buyers must contribute $500+ of their own funds (60% can be a gift). Inquire with L&N for more information.
* * First Time Home Buyers are required to complete an approved homebuyer counseling program.
NMLS ID# 531738