See programs you qualify for
Get Matched Free →HONK Lease-to-Own Homeownership Program
How much assistance
Varies; portion of monthly lease payments gifted back at purchase for down payment and closing costs (Deferred Loan)
Lease-to-own model over 12-18 months. A portion of each monthly lease payment is set aside and gifted back at the time of purchase.
Eligibility
- Income limits: At or below 80% of Area Median Income (AMI)
- First-time buyer required: No
- Geographic restrictions: Serves Kenton, Campbell, and Boone counties in Northern Kentucky, with emphasis on the urban core of Covington, Ludlow, Newport, Dayton, Bellevue, and Bromley.
- Homebuyer education required: No
How to Apply for HONK Lease-to-Own Homeownership Program
Step 1: Contact HONK at (859) 581-4665 or visit their office at 502 Fry Street in Covington. Applicants must demonstrate steady income that can support a mortgage and the ability to improve credit within 12-18 months if needed. Residents must perform 8 hours of community service per month.
Notes
HONK has over 30 years of success guiding families to homeownership. They also provide individual and group homeowner, budget, and credit counseling. HONK rehabs homes and offers them through the lease-to-own program.