Eligible Properties for KY USDA Rural Development loans




Eligible Properties for KY USDA Rural Development loans\




Unless otherwise specifically restricted or not permitted by the applicable loan parameters, the following property types are acceptable Guidelines:


 1 Unit Properties, attached & detached (1)
 Condominiums – Eligible - FHA/VA approved only- Document approval in the loan file.
 PUDs – to FHA guidelines
 1 Unit Properties, attached & detached (1)
 Condominiums – Eligible - FHA/VA approved only- Document approval in the loan file.
 PUDs – to FHA


Ineligible Properties for KY USDA Rural Development Loans

 Auction – Properties purchased at Auction.
 2-4 Unit Properties
 Commercial operations
 Condotels
 Condex (converted to 2 units zoned as condo w/o HOA)
 Cooperative Projects
 Geodesic Domes
 Earth Homes
 Houseboats
 Income producing properties of any kind
 Mobile (Manufactured) Homes, single- or double-wide
 Model Home Leaseback properties
 Modular Homes (See Notes for exceptions)
 Multi-dwelling or Multi-Unit condominiums
 Non-Warrantable Condos
 Non-conforming zoning projects
 Own-your-Own", Timeshare/segmented ownership
 Leasehold Estate Properties
 Properties currently listed for sale or listed for sale within
the past 6-months
 Projects with pending litigation
 Properties with deed restrictions that limit transferability of
title, or contain a "first right of refusal" provision
 Properties located outside the United States or District of
Columbia
 Properties that can be legally subdivided, regardless of
site or site value restrictions
 Unimproved (Raw) Land
 Working farms, ranches or orchards
 Properties located on Indian Reservations
Properties with an in-ground swimming pool (2)
 Properties with assignments of purchase (assigning the
purchase contract to another party)
 Properties specifically prohibited by current USDA/FHA
guidelines
Notes:


(2) In-ground swimming pools are subject to a waiver from the USDA State Director of each individual state. The appraiser must provide a value for the pool and the appraised value of the property must be adjusted by the value of the pool. Subject to the approval of the waiver from USDA.

 Properties are eligible only in strict accordance with current USDA/FHA guidelines.-

 Condos and PUDs must be served by a Homeowner’s Association (HOA). See Government Product Suite for insurance requirements for Condos and Attached PUD.

 Access this site for FHA-approved Condos, https://entp.hud.gov/idapp/html/condlook.cfm

  will accept modular homes that are built like traditional “stick built homes” and are in full compliance with HUD Handbooks 4150.2 and 4905.1.

 Outbuildings are subject to review by USDA; subject to 1980.311 (a) (4)



http://www.emailmeform.com/builder/form/0bfJs9b6bK8TGoc6mQk9hIu







USDA Property Eligibility Text Description County List for Kentucky





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Select your county from the list below (Non-hyperlinked counties are all eligible).


  1.Adair
  2.Allen
  3.Anderson
  4.Ballard
  5.Barren
  6.Bath
  7.Bell
  8.Boone
  9.Bourbon
  10.Boyd
  11.Boyle
  12.Bracken
  13.Breathitt
  14.Breckinridge
  15.Bullitt
  16.Butler
  17.Caldwell
  18.Calloway
  19.Campbell
  20.Carlisle
  21.Carroll
  22.Carter
  23.Casey
  24.Christian
  25.Clark
  26.Clay
  27.Clinton
  28.Crittenden
  29.Cumberland
  30.Daviess
  31.Edmonson
  32.Elliott
  33.Estill
  34.Fayette (county is completely ineligible)
  35.Fleming
  36.Floyd
  37.Franklin
  38.Fulton
  39.Gallatin
  40.Garrard
  41.Grant
  42.Graves
  43.Grayson
  44.Green
  45.Greenup
  46.Hancock
  47.Hardin
  48.Harlan
  49.Harrison
  50.Hart
  51.Henderson
  52.Henry
  53.Hickman
  54.Hopkins
  55.Jackson
  56.Jefferson (county is completely ineligible)
  57.Jessamine
  58.Johnson
  59.Kenton
  60.Knott
  61.Knox
  62.Larue
  63.Laurel
  64.Lawrence
  65.Lee
  66.Leslie
  67.Letcher
  68.Lewis
  69.Lincoln
  70.Livingston
  71.Logan
  72.Lyon
  73.McCracken
  74.McCreary
  75.McLean
  76.Madison
  77.Magoffin
  78.Marion
  79.Marshall
  80.Martin
  81.Mason
  82.Meade
  83.Menifee
  84.Mercer
  85.Metcalfe
  86.Monroe
  87.Montgomery
  88.Morgan
  89.Muhlenberg
  90.Nelson
  91.Nicholas
  92.Ohio
  93.Oldham
  94.Owen
  95.Owsley
  96.Pendleton
  97.Perry
  98.Pike
  99.Powell
  100.Pulaski
  101.Robertson
  102.Rockcastle
  103.Rowan
  104.Russell
  105.Scott
  106.Shelby
  107.Simpson
  108.Spencer
  109.Taylor
  110.Todd
  111.Trigg
  112.Trimble
  113.Union
  114.Warren
  115.Washington
  116.Wayne
  117.Webster
  118.Whitley
  119.Wolfe
  120.Woodford







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