Wednesday, August 14, 2013

Kentucky USDA Mortgage and Rural Housing Refinance Pilot Program Guidelines

 Kentucky USDA Mortgage and Rural Housing Refinance Pilot Program Guidelines






---Homeowners with USDA guaranteed or direct mortgages can refinance at today’s low rates with the USDA Rural Refinance Pilot Program
  • No appraisal required1
  • No DTI is calculated, although income and employment must be verified
  • Credit scores as low as 620
  • 0 x 30 mortgage late last 12 months
  • Loan being refinanced must be a USDA Guaranteed or Direct loan
  • New 30-year fixed rate must be at least 1 point better than old 30-year fixed rate
  • This program is available for eligible Rural Housing and USDA  properties and Counties  located in Kentucky
1. Appraisal may be required on direct loans where subsidy recapture must be calculated.




Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
kentuckyloan@gmail.com







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