Louisville Metro Government – Office of Housing & Community Development
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Louisville Metro Down Payment Assistance Program
Temporarily closed to new applicationsLouisville Metro Government – Office of Housing & Community DevelopmentKYFirst-Time Homeowner0% interest partially forgivable second mortgage loan
Updated: Dec 5, 2025
Louisville’s Down Payment Assistance Program is one of Kentucky’s most generous local homebuyer initiatives, offering an interest-free second mortgage of up to 20% of the purchase price (maximum $40,000) to help income-qualified buyers cover down payment and closing costs on primary residences in the Louisville Metro area.
Eligible for: Low- to moderate-income buyers purchasing an existing or newly constructed primary residence in the Louisville Metro area, with household in…
Funding: Zero percent interest second mortgage covering up to 20 percent of the home purchase price, capped at 40000 dollars, to be used for down payment and closing costs; a portion is typically forgiven after 15 years of continuous occupancy and the remainder is due upon sale or transfer, subject to equity.Deadline: Program historically offered on a rolling basis while funds were available; as of October 15, 2025, Louisville Metro’s site indicates the program is not currently accepting new applications while resources are redirected to other single-family initiatives.Rolling (paused)Localindividualfirst-time homebuyerlow- to moderate-income homebuyerdown payment assistanceclosing cost assistanceforgivable loan