See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 11, 2026
Homebuyer Programs in Georgetown, KY (2026)
Georgetown is a growing city in Scott County, Kentucky, located about 15 miles north of Lexington and known as the home of Toyota's largest North American manufacturing plant. With a median home price around $290,000, Georgetown does not currently offer city-funded or county-funded down payment assistance, but buyers here can take advantage of several strong state and federal programs. The KHC Regular DAP provides up to $12,500 and the KHC Affordable DAP offers up to $7,500 in repayable loan assistance. The FHLB Cincinnati Welcome Home Program offers grants of $10,000 to $20,000 on a first-come, first-served basis each year. By combining state programs, Georgetown buyers can potentially access over $30,000 in down payment and closing cost help.
State Programs in Kentucky
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHLB Cincinnati Welcome Home Program | Grant | Grants of $10,000 to $20,000; up to $25,000 for veterans, active-duty military, and surviving spouses | Yes | View → |
| KHC Affordable Down Payment Assistance (Affordable DAP) | Repayable Loan | Up to $7,500 | No | View → |
| KHC Regular Down Payment Assistance (DAP) | Repayable Loan | Up to $12,500 | No | View → |
- Type:
- Grant
- Amount:
- Grants of $10,000 to $20,000; up to $25,000 for veterans, active-duty military, and surviving spouses
- First-time only:
- Yes
- Type:
- Repayable Loan
- Amount:
- Up to $7,500
- First-time only:
- No
- Type:
- Repayable Loan
- Amount:
- Up to $12,500
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Scott/Bourbon Counties Habitat for Humanity Homeownership | Zero-Interest Loan | Affordable home purchase with below-market mortgage | No | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home purchase with below-market mortgage
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. Kentucky Housing Corporation programs require household income at or below specific limits that vary by county. Scott County income limits are set by KHC based on Area Median Income.
Step 2: Complete homebuyer education. KHC programs require completion of a HUD-approved homebuyer education course. Call HUD's national hotline at 800-569-4287 to find approved agencies near Georgetown, or visit the Kentucky Housing Corporation website for a list of partner counseling agencies statewide.
Step 3: Get pre-approved for a mortgage. Work with a lender approved through the Kentucky Housing Corporation network. If you want to access the FHLB Cincinnati Welcome Home Program grants of $10,000 to $20,000, make sure your lender is an FHLB Cincinnati member institution.
Step 4: Find a home in Georgetown. Browse available properties within KHC purchase price limits for Scott County. Georgetown offers a range of housing from historic homes to newer construction.
Step 5: Apply for state assistance. Your KHC-approved lender will help you apply for the Regular DAP (up to $12,500) or Affordable DAP (up to $7,500) alongside your primary mortgage. Welcome Home Program grants open once per year and are reserved on a first-come, first-served basis.
Step 6: Close on your home. Your lender will coordinate all assistance programs with your primary mortgage at closing.
Frequently Asked Questions
How much down payment assistance can I get in Georgetown?+−
Do I have to be a first-time homebuyer to qualify?+−
Is Georgetown eligible for USDA loans?+−
What homebuyer education is required?+−
Are there nonprofit homeownership programs in Georgetown?+−
Free eligibility check
Buying a home in Georgetown? 11 programs could help.
How soon are you looking to buy?