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.
Grant Program Guidelines:
- $20,000 in grant money can be used for closing costs, pre-paids, and down payments.
- $20,000 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.
- Jefferson, Bullitt, & Oldham Counties, KY
max. $77,120 for 1-2 person household / $88,688 for 3+ person household.
max. $77,120 for 1-2 person household / $88,688 for 3+ person household.
- Hardin & Larue Counties, KY
max. $74,596 for 1-2 person household / $85,786 for 3+ person household.
- Trimble County, KY
- Trimble County, KY
max. $74,404 for 1-2 person household / $85,565 for 3+ person household.
- Laurel & Pulaski Counties, KY
- Laurel & Pulaski Counties, KY
max. $64,640 for 1-2 person household / $74,336 for 3+ person household.
- Meade County, KY
- Meade County, KY
max. $72,804 for 1-2 person household / $83,725 for 3+ person household.
- Nelson County, KY
max. $73,284 for 1-2 person household / $84,227 for 3+ person household.
- Shelby County, KY
max. $80,400 for 1-2 person household / $92,460 for 3+ person household.
- Gallatin & Pendleton Counties, KY
max. $83,840 for 1-2 person household / $96,416 for 3+ person household.
- Grant County, KY
- Grant County, KY
max. $69,984 for 1-2 person household / $81,648 for 3+ person household.
- Henry & Spencer Counties, KY
- Henry & Spencer Counties, KY
max. $77,120 for 1-2 person household / $88,688 for 3+ person household.
- Boone, Campbell, & Kenton Counties, KY
- Boone, Campbell, & Kenton Counties, KY
max. $83,840 for 1-2 person household / $96,416 for 3+ person household.
- Knox, Rockcastle, & Whitley Counties, KY
max. $77,568 for 1-2 person household / $90,496 for 3+ person household.
- Clark, Floyd & Harrison Counties, IN
max. $77,120 for 1-2 person household / $88,688 for 3+ person household.
- Scott & Washington Counties, IN
- Scott & Washington Counties, IN
max. $86,112 for 1-2 person household / $100,464 for 3+ person household.
- Dearborn & Ohio Counties, IN
- Dearborn & Ohio Counties, IN
max. $100,608 for 1-2 person household / $117,376 for 3+ person household.
- Hamilton County, OH
- Hamilton County, OH
max. $83,920 for 1-2 person household / $96,508 for 3+ person household.
For more information on the Welcome Home Grant program, contact our Mortgage Department at (800) 292-2905 or (502) 368-5858. Or, contact us by filling out our Contact Form.
*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