When the opportunity arises to purchase a home, the options can be endless and overwhelming. After several years of economic hardship greatly affecting the homeowner's market, the tides are turning and homes are starting to gain back value in significant numbers. As of now, affordable Louisville housing is possible and available. Currently in 2010, there is a wealth of options for homebuyers looking for safe and affordable housing in the Louisville area. The Housing Tax Credit is still current, meaning that first time homebuyers can receive $8,000 if they meet all of the criteria. There are also several other companies in Kentucky that provide financial support when buyers are in need of a little assistance. There are down payment assistant programs that help buyers secure a home up to $258,000. These homeowner options are made to be forgiving for buyers. Interest rates for borrowed money are low, and often people are given a substantial amount of time to repay the money borrowed for down payments. It's important to note, as with any assistance program, you need to meet certain criteria before you qualify for financial aid. There are also programs through the Kentucky Housing Corporation that if you qualify, you will receive aid that is instantly forgiven. This means no payment is required ever as long as candidates meet the standards for that specific aid. There are options for those who feel they cannot obtain safe and affordable Louisville housing. You'll never know until you actually start the process of shopping for the perfect home. To make it easy, contact Louisville Properties at 502.744.9504 and work with a flat rate realtor in the Louisville area.