Kentucky First-Time Home Buyer Loans: FHA, VA, USDA & KHC Programs

🏡 Kentucky First-Time Home Buyer Loans: FHA, VA, USDA & KHC Programs

If you're buying your first home in Kentucky, you've probably heard terms like FHA, VA, USDA, and KHC. These aren’t just acronyms — they’re pathways to affordable homeownership, even if you have low credit scores or little money saved for a down payment.

At Joel Lobb – Kentucky Mortgage Broker, we specialize in helping first-time buyers navigate these programs to get approved with confidence.

✅ Best Mortgage Loan Programs for First-Time Buyers in Kentucky

🏠 FHA Loans – Credit-Friendly with Low Down Payment

  • Minimum Credit Score: 580 for 3.5% down (500–579 possible with 10% down)
  • Flexible on past bankruptcies and collections
  • Great for buyers with limited savings
  • Requires mortgage insurance

    • 🇺🇸 VA Loans – 100% Financing for Veterans

    • Zero down payment required
    • No monthly mortgage insurance
    • Available to eligible veterans, active duty, and spouses
    • Manual underwriting allowed for lower credit scores

    🌾 USDA Loans – No Down Payment in Eligible Areas

    • 0% down payment
    • Household income must be below USDA limits
    • Home must be in a USDA-eligible rural zone
    • Perfect for modest-income buyers

    💰 KHC Loans – Kentucky Housing Corporation Programs

    • Offers $10,000 in Down Payment Assistance (DAP)
    • Must meet credit score and income limits
    • Combine with FHA, VA, or USDA loans
    • Great for buyers with steady income but little saved cash

    🛠️ Frequently Asked Questions

    Do I have to be a first-time buyer to use these programs?
    ✅ No — many options are available to repeat buyers too, especially FHA and VA.

    Can I use a co-borrower to help qualify?
    ✅ Yes. FHA, VA, and KHC all allow co-borrowers.

    How long do I need to be on the job?
    📄 Check out our employment guideline graphic below.

    📞 Contact Joel Lobb – Your Kentucky Mortgage Expert

    Whether you have great credit or past credit issues, I’ll help you find the right loan for your situation — with same-day pre-approvals and no pressure.

    📞 Call/Text: 502-905-3708
    📧 Email: kentuckyloan@gmail.com
    🌐 Website: www.mylouisvillekentuckymortgage.com

    @mortgage.kentucky

    🏁 Next Step: Get Pre-Approved

    💡 Don’t wait until you find the perfect house. Get pre-approved today so you’re ready to make a strong offer when the right home comes along.

    👉 Apply Now for a Kentucky First-Time Buyer Loan