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.

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.

Habitat for Humanity of Metro Louisville Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: No fixed minimum; credit review required - no excessive debt, no unresolved collections, no bankruptcy in last 24 months, no repossessions/charge-offs. A homebuyer education course is required, through Habitat for Humanity of Metro Louisville - financial literacy classes and homebuyer workshops. Citizenship or immigration status: Proof of citizenship or legal residence required for all household members. 400+ sweat-equity hours incl. financial literacy classes, construction, and ReStore volunteering. $50 non-refundable application fee. 2026 open periods: April and Aug 24-29, 2026. Must demonstrate housing need. 90-120 day review; full process 12-18 months.

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.

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.

Habitat for Humanity of Metro Louisville Homeownership Program serves homebuyers purchasing in Louisville, Kentucky. The program targets specific areas: Louisville metro, primarily West End and areas where HFHML holds land.

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