Kentucky USDA Rural Housing Mortgage Lender

Kentucky USDA Guaranteed Rural Housing Loans Qualifying Criteria This program offers Kentucky home buyers that meet income and credit requirements to buy a home with zero down payment and get a 30-year fixed-rate loan. What are the Kentucky USDA Loan Eligibility Requirements Basic qualifications for a Kentucky USDA Home Loan include: The property being purchased must be in a rural area of Kentucky as defined by the USDA. The property must be owner-occupied. Investment or vacation properties are not eligible for USDA loans. You must meet the income restrictions for the county the property is located in. Each county has a maximum income limit defined by the USDA. This maximum income limit depends on the cost of living, median income and other economic characteristics of the county the property is located in. Credit score requirements set by USDA are as follows below: 581 minimum middle credit score for all borrowers on the loan – purchase No score allowed with alter...

There is a large portion of Kentucky Counties that are eligible for rural housing no money down loans financed by USDA ! Many suburban areas of large MSAs are eligible  in Kentucky– not just for rural areas of Kentucky. USDA’s foot print actually encompasses entire small towns as well as many suburban areas which border cities of large cities and metro areas like, Northern Kentucky Counties of Boone, Kenton, Campbell, along with cities of  Louisville, Lexington, Paducah, Bowling Green, Henderson, and Frankfort KY. Ability to run GUS through USDA for instant loan pre-approval is one of the best features of getting pre-approved for a USDA 100% LTV available in every area of Kentucky that qualified for a USDA loans Click on Link below for map Key Benefits of USDA Loans in Kentucky are as follows: No down payment required in most cases. Low monthly mortgage insurance .35% factor vs FHA which is 85% Typically lower interest rates than ot...