What Every First-Time Homebuyer in Elizabethtown Needs to Know

2025 Buyer’s Guide | Compass and Key Group

Buying your first home is exciting—but it can also feel overwhelming, especially in today’s fast-paced Elizabethtown, KY real estate market. Whether you’re looking for a starter home near Freeman Lake Park, a modern ranch in the Sandy Springs subdivision, or something with room to grow, here’s what every first-time homebuyer in Elizabethtown needs to know in 2025.

1️⃣ Get Pre-Approved Before You Shop

One of the biggest mistakes first-time buyers make is shopping for homes before knowing what they can actually afford.

• Why it matters: Pre-approval shows sellers you’re serious and can secure financing.

• Pro Tip: Work with a local lender who understands the Elizabethtown market and can explain programs for first-time buyers, like FHA, USDA, and VA loans (which may require little to no down payment!).

2️⃣ Know Your Budget—Beyond the Mortgage

Your mortgage payment is just part of the picture. Be sure to factor in:

• Property taxes (Hardin County has reasonable rates, but they vary by area)

• Home insurance

• HOA fees (if applicable)

• Maintenance and utilities

Compass and Key Group can help you estimate the full monthly cost of ownership for any home you’re considering.

3️⃣ Consider First-Time Buyer Programs

Many first-time homebuyers don’t realize they qualify for down payment assistance or special loan programs.
In Elizabethtown and throughout Kentucky, options include:

• KHC Down Payment Assistance

• USDA Rural Development Loans (yes, many Elizabethtown areas qualify!)

• VA Loans for eligible military buyers (Fort Knox proximity is a huge plus)

Ask your agent and lender to explore all available options—you might be surprised how affordable homeownership can be.

4️⃣ Be Realistic About Your Must-Haves

It’s easy to fall in love with homes outside your budget or expect everything on your wish list in your first home.

Pro Tip: Prioritize location, structural condition, and potential. Cosmetic updates like paint and flooring can come later.

Elizabethtown’s market offers a wide range of homes, from charming older properties to brand-new builds—you just need the right guide.

5️⃣ Work With a Local Real Estate Expert

Choosing the right real estate agent can make or break your first buying experience.

Why local matters:
✅ Deep knowledge of Elizabethtown neighborhoods and pricing trends
✅ Access to off-market listings and early alerts
✅ Negotiation skills to help you get the best deal
✅ Guidance through inspections, appraisals, and closing

At Compass and Key Group, we’ve helped hundreds of first-time buyers confidently navigate the process and find homes that fit their budget and lifestyle.

6️⃣ Don’t Skip the Inspection

No matter how new or updated a home looks, always get a professional inspection.
Your inspector will uncover any hidden issues and give you negotiating power or peace of mind before closing.

🏡 Bottom Line

Buying your first home in Elizabethtown doesn’t have to be stressful. With the right preparation and a knowledgeable local agent, you can turn your dream of homeownership into reality—even in today’s competitive market.