Forgivable loan
Northern Kentucky HOME Consortium Homebuyer Assistance Program
Income limits · Single Family · 2-4 Unit · Manufactured
Down payment assistance · Kenton County
Buying a home in Covington, KY
3 Covington programs and 9 statewide.Covington has 3 programs of its own, and 9 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Covington’s own programs
First mortgage
Habitat for Humanity of Greater Cincinnati - Northern Kentucky Homeownership Program
First-time homebuyers · New construction · Income limits · Single Family
Forgivable loan
Homebuyer Assistance Program
Income limits · Owner-occupied or vacant 1- or 2-unit dwellings (2-unit must have been originally constructed for two units). Single-family detached, condominium, townhouse, manufactured home on permanent foundation (post-6/15/1976 must meet 24 CFR 3280 · pre-6/15/1976 must comply with city codes). Properties currently occupied by tenants are not eligible.
The Covington marketThe Covington housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Covington
- 53.8% single-familysingle-family
- 4.1% townhousetownhouse
- 17.1% 2–4 units2–4 units
- 24.4% 5+ unitscondo & apartment buildings (5+ units)
- 0.7% mobile & othermobile home & other
Condos count. 1 of Covington’s 3 local and county programs accept condos. Northern Kentucky HOME Consortium Homebuyer Assistance Program lists single family, 2-4 unit and manufactured. Habitat for Humanity of Greater Cincinnati - Northern Kentucky Homeownership Program lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Covington’s homes were built
pre-19401970s2020+
74.8%
of Covington homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$109,900
County area median income, 4 people (HUD)HUD area median income, Kenton County, 4-person household (2026)
$61,166
Covington median household incomeMedian household income in Covington (Census, 2024)
16 of the 74 programs here set their income limit as a share of Kenton County’s area median income, adjusted for household size. See the published limits for Kenton County
Free help nearbyFree help near Covington
7 HUD-approved counseling agencies within 15 miles7 HUD-approved housing counseling agencies within 15 miles
3 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 3 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Kentucky and nationwide
71 statewide & federal programs9 statewide programs, plus federal options
Covington questions
Does Covington have its own down payment program?
Yes, 3: Northern Kentucky HOME Consortium Homebuyer Assistance Program, Habitat for Humanity of Greater Cincinnati - Northern Kentucky Homeownership Program and Homebuyer Assistance Program. Each is for homes inside Covington.
Can I use assistance on a condo in Covington?
1 of Covington’s 3 local and county programs accept condos. Northern Kentucky HOME Consortium Homebuyer Assistance Program lists single family, 2-4 unit and manufactured. Habitat for Humanity of Greater Cincinnati - Northern Kentucky Homeownership Program lists single family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Kenton County?
Each program sets its own. 16 of the programs here set theirs as a share of HUD’s area median income for Kenton County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Covington?
HUD-approved housing counseling agencies teach homebuyer classes, and 7 agencies are within 15 miles of Covington. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
41011 · 41012 · 41014 · 41016 · 41019
Nearby in Kenton
Sources
Sources: agency sites (June–July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.