What are the requirements to buy a house in Kentucky in 2020?


Credit Score and Income Requirements to Buy a Home in Kentucky in 2020




Credit Score and Income Requirements to Buy a Home in Kentucky in 2020

KENTUCKY CONVENTIONAL

Get your fixed interest rates for eligible buyers.620 minimum credit score
3% down payment 
4-7 years removed from Bankruptcy Depending of if Chapter 7 or 13 
Max Loan is $510,00  in Kentucky
2 Year work history but does not have to be same job



Credit Score and Income Requirements to Buy a Home in Kentucky in 2020

KENTUCKY FHA MORTGAGES

Government-backed loans with flexible guidelines.
500 minimum credit score with 10% down payment
3.5% down payment with 580 credit score
2 years removed from bankruptcy
Can be combined with down payment grants for $0 down payment
Max loan $3336,760 in Kentucky
2 year work history with no gaps over 6 months


Credit Score and Income Requirements to Buy a Home in Kentucky in 2020

KENTUCKY USDA MORTGAGES

Government-backed loans with flexible guidelines.
Zero Down Payment
581 Minimum Credit Score
3 years removed from Bankruptcy
Max Income and Property Map Eligibility Requirements
2 year work history with no gaps over 60 days





KENTUCKY VA MORTGAGES

Government-backed loans for those who’ve served our nation.
Zero Down Payment Loan
No minimum credit score
2 years removed from bankruptcy
Active Duty --like to see a least a year left in service or 6 months reserves and a job relatable