Housing Down Payment Loans/grants | City Of Covington
20 West Pike Street, Covington, KY 41011
- The borrower's annual household income must not exceed 80% of the area's median income.
- All properties must be one to two units, owner-occupied or vacant, and meet minimum local housing standards.
- The purchase price or appraised value of the home after any repairs must not exceed the purchase price limits established by HUD.
Additional documents requested as needed,Other documents (Fully accepted purchase contract. City staff will obtain household income information and supporting documentation to determine eligibility after a contract is presented.)
mon 12:00am - 11:59pm tue 12:00am - 11:59pm wed 12:00am - 11:59pm thu 12:00am - 11:59pm fri 12:00am - 11:59pm sat 12:00am - 11:59pm sun 12:00am - 11:59pm
voice | Homebuyer Assistance Loan Program
Application required. Applications may be completed online.
No monthly payments. One tenth of the loan will be forgiven for every year the owner occupies the home. Home buyers are still responsible for financing the remainder of the house purchase cost through a conventional lender.
Covington, Kentucky Newport, Kentucky Bellevue, Kentucky Florence, Kentucky Dayton, Kentucky Independence, Kentucky Erlanger, Kentucky Ludlow, Kentucky
Accepts applications for zero-interest, deferred, forgivable loans up to $10,000 to assist with down payment and closing costs for an owner-occupied home in the cities of Bellevue, Covington, Dayton, Erlanger, Florence, Independence, Ludlow, or Newport.
211 UWGC
City Of Covington
Local government administrative offices for the city of Covington, Kentucky.