Wednesday, August 20, 2014

Kentucky USDA Rural Housing Refinance Pilot Program

Kentucky USDA Rural Housing Refinance Pilot Program


  • No Appraisal
  • The existing mortgage loan being refinanced must be a USDA loan
  • No 30 day late mortgage payments in the last 12 months
  • Borrower's other credit history NOT reviewed.
  • Your new rate must be at least 1% lower than your current rate
  • All terms are 30 year fixed rate loans, no 15 year or 20 year terms 
  • Property must be your primary residence located in Kentucky.
  • Automatic qualification regardless of current debt so no need to figured debt to income requirements.
  • Borrowers must still meet income limits for the Kentucky County


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