Welcome Home Grant

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 March 1, 2021.

Grant Program Guidelines:

• $5000 in grant money can be used for closing costs, pre-paids, and down payments.
• $5000 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. $62,000 for 1-2 person household / $71,300 for 3+ person household.

• Shelby County, KY
  max. $63,120 for 1-2 person household / $72,588 for 3+ person household.
• Spencer County, KY
• max. $74,400 for 1-2 person household / $86,800 for 3+ person household.
• Clark & Floyd County, IN
  max. $77,500 for 1-2 person household / $89,125 for 3+ person household.
• Knox, Pulaski, Rockcastle, Whitley Counties, KY
  max. $62,784 for 1-2 person household / $73,248 for 3+ person household.
• Laurel County, KY
  max. $52,320 for 1-2 person household / $60,168 for 3+ person household.
• Boone, Campbell, Kenton Counties, KY
  max. $69,040 for 1-2 person household / $79,369 for 3+ person household.

$7500 for Honorably Discharged Veterans and

Active Duty Military Homebuyers 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. Homebuyers 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

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