Kentucky USDA Rural Housing Mortgage Lender

Do you have a Kentucky USDA Rural Development loan that you would like to refinance to a lower rate? WHO IS ELIGIBLE: Kentucky Current Section 502 Direct and Guaranteed loan borrowers may be eligible to refinance their existing Kentucky USDA mortgage loans into new Guaranteed loans through the Rural Refinance Pilot program. There are 35 states that are currently eligible for the Refinance Pilot Program and Kentucky is one of them. APPLICANT MUST :  •Be a current Section 502 Direct or Guaranteed loan borrower •Meet the applicable adjusted income eligibility limit Reside in an eligible rural area, or an area that was eligible at the time of original loan closing •Have made timely mortgage payments for the previous 12 months at the time of loan application  TERMS: •The new interest rate fixed and a minimum of 100 basis points (1%) lower than the current interest rate •The new loan term must be 30 years •Borrowers may be added to the new loan. Original borr...

Kentucky USDA Rural Development Housing Loan has updated boundaries for eligible areas in Kentucky below: The following Kentucky cities in Kentucky have expanded or annexed additional areas and these areas will become ineligible effective Feb. 2, 2015 for the Kentucky Single Family Housing Direct and Guaranteed Programs: • Hopkinsville in Christian County, Kentucky (additional areas annexed and expanded) • Bowling Green in Warren County, Kentucky (additional areas annexed and expanded) • Richmond in Madison County, Kentucky (additional areas annexed and expanded) • Florence in Boone County, Kentucky (additional areas annexed and expanded) • Henderson in Henderson County, Kentucky (additional areas annexed and expanded) • Owensboro in Daviess County, Kentucky (additional areas annexed and expanded) • Winchester in Clark County, Kentucky (additional areas annexed and expanded) --  Joel Lobb Senior  Loan Officer (NMLS#57916)  ph...

KENTUCKY RURAL HOUSING USDA RURAL DEVELOPMENT AMENDED FUTURE ELIGIBILITY MAPS - DETERMINING PROPERTY ELIGIBILITY Further Continuing Appropriations Act, 2015 (Act), which provides fiscal year 2015 full-year appropriations through  September 30, 2015 , for all agencies except the Department of Homeland Security. With the signing of this Act, Rural Development will implement the eligibility maps in accordance with the Agricultural Act of 2014, Pub. L. 113-79 ("Farm Bill") on  February 2, 2015  with the following exceptions: Because of the continuing re-examination of the "rural in character" policy, RD will continue its current policy regarding "rural in character" for the purposes of determining eligible rural areas. The Act further provides that applicants in communities that have a current rural area waiver under section 541 of the Housing Act of 1949 (42 U.S.C. 1490q) shall be treated as living in a rural area for purposes of section 502 gua...