Kentucky USDA Rural Housing Streamline Refinance 1. Lower your interest rate, mortgage insurance premium, and total payment FAST. The USDA will allow you to refinance if your savings is greater than $50.00 per month. 2. Finance up to 100% of your home’s value. The Kentucky USDA Mortgage Loan will allow you to refinance even if you closed at a much higher rate a month ago, there is no seasoning requirement. 3. NO APPRAISAL! That’s right, no meeting for appointments and hoping the value comes in, you already have a Kentucky Rural Housing USDA loan , and therefore you qualify to improve your loan .* (*Only direct borrowers that received subsidy) 4. No Net tangible benefit required! * (*Only the Streamlined Assist – then at least a $50 net reduction to principal, interest, real estate taxes and homeowners insurance (PITI) payments compared to current PITI) 5. No home inspections or calculation of debt ratios...
