Welcome Home Grant

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. $61,120 for 1-2 person household / $70,288 for 3+ person household.
  • Shelby County, KY
    max. $60,960 for 1-2 person household / $70,104 for 3+ person household.
  • Spencer County, KY
  • max. $73,344 for 1-2 person household / $85,568 for 3+ person household.
  • Clark & Floyd County, IN
    max. $76,400 for 1-2 person household / $87,860 for 3+ person household.
  • Knox, Pulaski, Rockcastle, Whitley Counties, KY
    max. $60,192 for 1-2 person household / $70,224 for 3+ person household.
  • Laurel County, KY
    max. $50,160 for 1-2 person household / $57,684 for 3+ person household.
  • Boone, Campbell, Kenton Counties, KY
    max. $65,040 for 1-2 person household / $74,796 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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