Tuesday, March 4, 2014

Kentucky Rural Housing USDA Home Loan for 2014

Kentucky Rural Housing USDA home loan product is a very good option for eligible rural and suburban home buyers in Kentucky. The product is available to borrowers who meet the median (moderate) income limits, who are purchasing properties in an area eligible for Ky USDA financing. Kentucky RHS USDA program features include:

  • No down payment required, in most instances. The borrower can finance up to 100% of the appraised value.
  • 30 year fixed rate loans only.
  • Closing costs and prepaids may be included in the loan amount up to the difference between the sales price and appraised value (points may not be included unless the borrower qualifies as low income).
  • Credit scores as low as 640 with a GUS ACCEPT 
  • Gift funds are allowed for the down payment (if applicable) and closing cost.
  • No limit to seller contributions.


Joel Lobb
Senior  Loan Officer

 phone: (502) 905-3708

 Company ID #1364 | MB73346