Down Payment Assistance

Down Payment Assistance in Cadiz KY

Worried about saving enough for a down payment? You’re not alone — and we’re here to help. At Quality Home Mortgage, we connect qualified buyers in Cadiz and across Western Kentucky with down payment assistance programs that make homeownership more accessible and affordable.



Whether you’re a first-time buyer or returning to the market after years of renting, our team will guide you through available programs, eligibility, and how to apply — so you don’t miss out on money that could help you buy your home sooner.

What Is Down Payment Assistance?

Down payment assistance (DPA) programs provide grants, forgivable loans, or deferred-payment second mortgages to help cover the upfront costs of buying a home — including the down payment, closing costs, or both.



Many local, state, and federal programs are designed specifically for first-time buyers, low-to-moderate income families, or those purchasing homes in designated rural or target areas.

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A Helping Hand Toward Homeownership

Types of Assistance Available

We’ll help determine which options are available based on your income, location, loan type, and home price.

  • No repayment required
  • Often offered through state housing finance agencies or local nonprofit programs
  • Can be used toward down payment or closing costs
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Grants

  • Structured as a second loan but forgiven after a period of on-time payments (often 5–10 years)
  • No payments required as long as you remain in the home
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Forgivable Second Mortgages

  • Second mortgage with no payments due until you sell, refinance, or pay off the home
  • Helps preserve cash flow during early homeownership
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Deferred Loans

Why Homebuyers Choose Quality Home Mortgage

We Understand Local Programs

Based in Cadiz, KY, we have strong relationships with local housing agencies and know which assistance programs are most effective and reliable.

We Help You Qualify

Our team works one-on-one to match you with the right loan + assistance combo so that you aren’t left guessing what you can afford.

We Handle the Paperwork

From grant applications to secondary loan coordination, we manage the details so you can focus on finding your home.

Who Qualifies for Down Payment Assistance?

  • Income within program limits based on household size and county
  • Purchasing a primary residence (not a second home or investment property)
  • Minimum credit score (often 620+)
  • Completion of a homebuyer education course
  • Being a first-time homebuyer (or not having owned a home in the past 3 years)
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Eligibility varies by program, but typical requirements include:

We guide you through each step — from paperwork to homebuyer education — to maximize your options.

How the Process Works

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Step 1: Pre-Approval

We start with a loan pre-approval to see what mortgage you qualify for and determine if you meet DPA eligibility.

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Step 2: Match With Assistance

We identify available grants or loan programs that apply to your situation and walk you through the requirements.

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Step 3: Education & Application

Most programs require a homebuyer education course — we’ll help you get enrolled and complete the necessary steps.

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Step 4: Purchase & Close

We coordinate all the pieces (lender, DPA provider, realtor) to ensure your funds are available and closing stays on track.

FAQs About Down Payment Assistance

  • Is this free money?

    Some programs are grants, which don’t need to be repaid. Others are forgivable or deferred loans — both designed to ease the upfront burden.

  • Can I use assistance with FHA, USDA, or VA loans?

    Yes! Many programs pair well with FHA, USDA, and VA loans. We’ll help you structure the loan and assistance together.

  • How much assistance can I get?

    It varies by program, but some provide $5,000–$10,000 or more depending on your location and income.

  • Can I still get assistance if I’ve owned a home before?

    Yes — some programs are open to repeat buyers, especially if it’s been more than 3 years since you owned a home.

Ready to Unlock Your Homeownership Opportunity?

You may be closer to homeownership than you think. With the right guidance and down payment assistance, your dream home in Cadiz or anywhere in Western Kentucky could be within reach — even if your savings are limited.