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Kentucky Rural Development New Annual Fee Structure and New Kentucky Rural Housing Area Maps for October 2014
New Kentucky RHS Annual Fee Structure USDA recently announced a new annual fee structure
for Kentucky Guaranteed Rural Housing Loans beginning with Conditional Commitments
issued on or after October 1, 2014. SFH Guaranteed loans In Kentucky , including
purchases and refinances, with Conditional Commitment dates on or after the 1st
of October will be subject to an annual fee of 0.5% of the unpaid principal
balance (up from 0.4%). Please be sure to disclose accordingly. There will be
no change at this time to the upfront Guarantee fee, which will remain at 2% of
the loan amount.
New Kentucky USDA Rural Housing Area Maps In addition, changes to Kentucky Rural Development eligible rural areas are also
set to take effect on October 1, 2014 barring further Congressional action. A
preview of the "Future Eligible Areas" is available on the USDA
Income and Property Eligibility Site (http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do).