Monday, August 26, 2013

Kentucky USDA and Rural Housing Eligible Rural Area Change October 1, 2013







Barring any Congressional actions, implementation of the 2010 Census Data is on schedule for October 1, 2013, which will modify the eligible rural areas for the Kentucky USDA and Rural Development  RHS housing programs.  The future eligibility area maps can be viewed on the Kentucky USDA Eligibility web site at:  http://eligibility.sc.egov.usda.gov



A complete loan guarantee request received by Kentucky Rural Development Office  on or before September 30, 2013, will not be subject to the new rural area designations that will take place on October 1, 2013, barring any Congressional action that extends current eligibility areas.  

Applications received by close of business on September 30, 2013 and processed on/after October 1, 2013, due to state loan processing times, will be subject to the newly designated rural areas if the application is incomplete.  A complete loan guarantee request represents the following documents. 

Transaction Type:  Purchase and Standard Non-Streamlined Refinance
     Guaranteed Underwriting System (GUS) Accept Underwriting Recommendation

  •  
Form RD 1980-21, “Request for Single Family Housing Loan Guarantee.”

  •  
Evidence of qualified alien, as applicable.

  •  
FEMA Form 81-93, “Standard Flood Hazard Determination Form.”

  •  
Uniform Residential Appraisal Report (URAR) with Market Condition Addendum (MC 1004).


-- 
Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
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