Kentucky USDA Rural Housing Mortgage Lender

ENTUCKY USDA RURAL HOUSING UNDERWRITING GUIDELINES Kentucky Rural Development Mortgage Guide No Down Payment Required, Zero NADA! – Kentucky Rural Housing USDA loans allow someone to buy a home without putting any money down. Lower Mortgage Insurance costs – Mortgage Insurance, is much lower on KY USDA loans than on FHA This can save you a lot of money. Would You Like to Get Prequalified or Apply For a Kentucky USDA Loan Now Property Eligibility – The home you want to finance with a KY USDA loan must be an eligible property. The property must be located in a rural area which is generally defined to have the following characteristics: Under certain conditions, towns and cities with populations between 10,000 and 25,000. The USDA makes the eligibility determination, which may be verified at the following link: http://eligibility.sc.egov.usda.gov/e... . Job History – Similar to all other mortgage loans, a two year employment history is required. You must show that you have been consis...

  Kentucky USDA Rural Housing Changes to properties in Ashland, Paducah and Georgetown, KY areas   USDA Rural Development has completed its 2020 decennial United States census review for all areas under its jurisdiction to identify areas that no longer qualify as rural for USDA Rural Housing programs. Based on the review of the areas within the state of Kentucky, using 2020 US census data, and rural area guidance located in Handbook HB-1-3550, Chapter 5, rural eligibility designations have changed.   Areas whose rural eligibility designations are changing from ineligible to eligible (these areas now qualify as rural for USDA Housing Programs): The area/towns currently outside the city of Ashland, KY (Catlettsburg, West Fairview, Fairview, Westwood, Russell). The areas/towns currently outside the city of Paducah, KY (Hendron and Farley). The cities of Ashland, KY, and Paducah, KY, will remain ineligible.   Areas whose rural eligibility designation is changing from eli...