Wednesday, October 14, 2015

How to Calculate Income for A Kentucky USDA Rural Housing Loan for 2015


Kentucky USDA Guaranteed Rural Housing Loans are one of the only “no money down” options available to home buyers today. USDA loans aren't just in the country. Many other areas fall within the Kentucky USDA Rural Housing designated areas, so opportunities may be closer than you think. To view eligible rural areas near you, CLICK HERE to access the USDA lookup tool on their website.

This program is very attractive to low-to-moderate income Kentucky Home buyers:
  • Zero percent down
  • CLTV up to 102.750%
  • 6% seller contributions allowed
  • Credit scores as low as 640
  • No reserves required