Habitat for Humanity of Metro Louisville Homeownership Program

What is Habitat for Humanity of Metro Louisville Homeownership Program?

Habitat for Humanity of Metro Louisville Homeownership Program is a first mortgage for homebuyers in Louisville, Kentucky, administered by Habitat for Humanity of Metro Louisville.

• Habitat for Humanity of Metro Louisville partners with income-qualified families to provide newly constructed or rehabbed homes purchased with a 0% interest affordable mortgage. Monthly payments are capped at 28% of gross income. Buyers contribute ~$2,000 at closing and complete 400+ hours of sweat equity. Applications are accepted twice per year.
• 0% interest mortgage.
• Payment capped at 28% of gross income.
• Energy-efficient quality homes.
• Homeowner education and support.
• No traditional lender required.

Do you have to pay it back?

Habitat for Humanity of Metro Louisville Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Metro Louisville.

• The assistance is recorded in First position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Habitat for Humanity of Metro Louisville Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Habitat for Humanity of Metro Louisville Homeownership Program sets its income limit as follows: 2026 income guidelines by household size: 1=$20,400-$54,450; 2=$23,800-$63,400; 3=$26,750-$71,300; 4=$29,700-$79,200; 5=$32,100-$85,550; 6=$34,470-$91,900; 7=$36,840-$98,250; 8=$39,200-$104,550.

• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Habitat for Humanity of Metro Louisville Homeownership Program caps the purchase price at $280,000.

• Eligible property types include Single Family.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity of Metro Louisville Homeownership Program serves buyers purchasing in Louisville, Kentucky.

• The program targets specific areas: Louisville metro, primarily West End and areas where HFHML holds land.

How do you apply?

Applications for Habitat for Humanity of Metro Louisville Homeownership Program go through Habitat for Humanity of Metro Louisville, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Habitat for Humanity of Metro Louisville - financial literacy classes and homebuyer workshops.

2. 2

   Contact Habitat for Humanity of Metro Louisville to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.