Mortgage payment help in Kentucky.
Struggling homeowners in Kentucky can get help, whether it is with their mortgage or other homeownership needs. There are several statewide government assistance programs that can help stop a foreclosure, non-profits that offer housing counseling and so much more. Find programs in Kentucky that provide mortgage assistance.
Statewide programs in KY that provide mortgage assistance
Kentucky Homeownership Protection Center is a statewide service. Local non-profits, including HUD certified groups, legal aid lawyers and others work with the Kentucky Finance Corporation to offer help. All of the services available are free to anyone in need - regardless of their income, age, or other factors.
- The number of programs available are wide ranging. There is advice for all residents, whether they are struggling or not. There is information on FHA loans for buying a home, government mortgage relief programs, property tax assistance and so much more. The state also mandates that all new mortgages issued notify homeowners of programs offer by the center, and get details here about Kentucky Homeownership Protection Center programs.
HUD counseling is free. There are multiple government certified locations that help people that are struggling with their mortgage or looking to buy a home. All of the services are free as well as the consultation.
- The state of Kentucky as well as the federal government has certified dozens of non-profit agencies as HUD approved. This means they will offer high quality counseling services at a very low cost, or for free in some cases. Learn where to get housing and Kentucky HUD foreclosure counseling.
Community Action grant programs are available in Kentucky. There are locations in all counties. The non-profit also partners with other groups such as the Appalachia Service Project (ASP) as well as the Kentuckians for the Commonwealth (KFTC). Together they offer home repair services, information on mortgage assistance programs and refis and so much more. Find more details on community action in KY near you.
Community Ventures Corporation provides resources across the state, with the main one known as the mortgage delinquency counseling program. They have several offices across Kentucky with free in person as well as phone consultations. They partner with a number of national groups, such as NeighborWorks America, in order to provide state residents access to the widest variety and most intensive foreclosure prevention programs.
- Homeowners are given the opportunity to attend workshops, or one on one counseling sessions, with HUD certified counselors. Thousands of families in Kentucky have benefited from this agency. Read more on mortgage help from Community Ventures Corporation.
Kentucky Housing Corporation, or KHC, offers a number of programs that help current homeowners as well as potential buyers. Some of what they operate is done so in partnership with the other services listed on the page.
- One for people looking to buy a home in Kentucky, including those with a lower income and FICO scores, is the Down Payment Assistance Program (DAP). There are loans (often low-interest with some even interest free) to first time homebuyers.
- KHC also helps current homeowners. A multitude of resources are listed on their site, ranging from legal resources to information on payment plans, grants and more.
Many other programs are offered. Both for current homeowners, renters and others, with details here. https://www.kyhousing.org/Pages/default.aspx.
Additional Kentucky mortgage relief and foreclosure prevention programs
When economic conditions call for it, the state will often roll out other mortgage assistance programs. This can combine federal government grants with local statewide initiatives, such as from the Kentucky Cabinet for Health and Family Services or other groups.
- Kentucky hardest hit fund is government funded. It, or a version of it, have been offered during the housing crisis and pandemic. When offered, the federal government provides funds to the state which will provide mortgage help to the unemployed, low-income and people who have had a reduction in their total household income. Find more details on KY hardest hit.
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