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Down Payment Assistance Program

Quick answer

Down Payment Assistance Program is a Kentucky down payment assistance program from Louisville Metro Government - Office of Housing. It provides No more than 20% of the purchase price, not to exceed $30,000 as a forgivable loan. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Eligibility notes

0% interest partially forgivable loan: 50% forgiven after 5-10 year occupancy period (by amount), remainder due on sale; not limited to first-time buyers but applicant may not currently own a home; reopened for applications August 17, 2026 (FY27 handbook August 2026), open while funds last; Louisville Metro is consolidated with Jefferson County.

Where does Down Payment Assistance Program apply?

This city-level program is available to buyers in Louisville. Cities on our site where it applies:

DetailProgram terms
AssistanceNo more than 20% of the purchase price, not to exceed $30,000
TypeForgivable loan
Minimum creditNot published on the program page
First-time buyerNot required
Income limits80% AMI

How does Down Payment Assistance Program work with an FHA loan?

Kentucky's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://louisvilleky.gov/government/housing/down-payment-assistance-program. Programs can pause when funds run out, so confirm availability with a participating lender.

← All Kentucky down payment assistance programs

Frequently asked questions

No more than 20% of the purchase price, not to exceed $30,000, according to Louisville Metro Government - Office of Housing.

It's a forgivable loan: forgiven if you meet the occupancy period, otherwise repaid.

80% AMI

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.