Welcome Home Grant

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 home buyer counseling program.

 

NMLS ID# 531738

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