Republic Bank offers new down payment assistance program for home buyers

By Gian Prabhudas, Building Kentucky

Republic Bank is offering down payment assistance for home buyers on a first-come, first-served basis, with up to $6,000 awarded to each recipient who qualifies in the Lexington area, as well as in Cincinnati and Northern Kentucky.

The program includes a total of $500,000 available to the public, and the bank plans to continue the offer until all the funds are distributed.

“This is a no-cost loan that is forgivable after 20 years,” said Juan Montano, Chief Mortgage Banking officer. “It’s designed to help low-to-moderate income families purchase a home. Republic Bank is dedicated to strengthening the communities we are a part of by delivering banking products and services that can make people’s lives easier.”

Down payment assistance is part of Republic Bank’s commitment to help Lexington and Northern Kentucky create more equitable and affordable housing. It is also an embodiment of the bank’s ongoing commitment to provide the financial services that help people achieve their goals.

This community-based, customer-centered approach to banking is among the reasons Republic Bank was honored as one of America’s Best Banks in 2022 by Newsweek.

Once someone’s application is approved, the funds can be used for down payments, closing costs, or pre-paid costs such as insurance or property taxes.

Who’s eligible for down payment assistance?

The following are encouraged to apply for the down payment assistance:

  • All Fayette and Scott County residents earning a yearly salary of under $60,400.
  • All Kentucky residents in Kenton and Boone counties earning a yearly salary of under 65,520.
  • All Ohio residents in Butler and Hamilton counties earning a yearly salary of under $65,520.

Where to apply?

Applications can be filled out online at or by phone at 866-938-3671.

Questions about the program in Lexington can be sent to Steve Coleman at, and questions about the program in Northern Kentucky and Cincinnati can be sent to Kenneth Webb at

For more information about Republic Bank and its services, visit

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