Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Zero Down Kentucky Mortgages





Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Zero Down Kentucky Mortgages: ZERO DOWN HOME LOANS IN KENTUCKY There are a few programs that feature zero down payment in Kentucky For Home buyers : USDA and ...





There are a few programs that feature zero down payment in Kentucky For Home buyers: USDA and VA. USDA is typically for rural areas, and VA is for military veterans. Lastly Kentucky Housing with the Down Payment Assistance Program of $6,000  and the $5000 Welcome Home Grant






Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Credit Scores Kentucky Mortgage Loan

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Credit Scores Kentucky Mortgage Loan: ∘ What kind of credit score do I need to qualify for different first time home buyer loans in Kentucky? Answer. Mos...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2020...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2020...: 2020 Kentucky Down Payment Assistance Programs There are basically 4 mortgage programs for first time home buyers in Kentucky to co...

Kentucky USDA Rural Housing Mortgage Lender: Kentucky Rural Development Lender Guidelines for 2...

Kentucky USDA Rural Housing Mortgage Lender: Kentucky Rural Development Lender Guidelines 



Kentucky USDA Rural Housing Loans – Up to 100% Financing Home Loans







USDA Loans in Kentucky 

What is KY USDA Rural Development Guarantee in Kentucky?

Kentucky USDA Rural Development Guarantee USDA loans offer 100% financing options on home purchases in rural areas.  Properties though can be located within city limits and in subdivisions depending on population density of that area.
The RDG loan program is primarily used to help low to moderate income individuals or households to purchase homes and the applicants need to be within 115% of the median income for the area. Most Kentucky Counties are around $87,000 for a household family incomes of four or less, and up to $115,000 for a family of five or more in the household income
Some highlights of the are:
  • 100% financing on purchases and 100%  Zero Money Down 
  • Low 30 year fixed rates on all loans. They don't offer any other terms or offer cash-out refinancing. 
  • A small Rural Housing monthly guarantee fee or sometimes called annual fee of .35% of the loan amount divide by 12 months to get total monthly mi payment. 
  • Upfront Rural Housing funding fee of 1% of the loan amount and is financed into new loan
  • Minimum credit scores of 581, but helpful to have 640 and get an automated underwriting approval thru Rural Housing’s underwriting engine – GUS--GUS stands for the Guaranteed Underwriting System to pre-approval all Kentucky USDA loans. 
  • No rental verification needed with GUS approval if Approved Eligible Findings. 
  • Flexible trade line requirements with GUS approval with only 1 trade line needed on credit for 12 months
  • No foreclosures in the last 36 months, but need explanation if < 36 months
  • Bankruptcy discharged at least 36 months
For a Kentucky USDA Rural Housing  property and income eligibility searchplease click HERE.

Issues to avoid or be aware of with Rural Housing property search:

  • Avoid homes in flood zones – RD is very restrictive for homes in flood zones
  • Avoid homes with cisterns – they are extremely difficult to get financed
  • Be aware that homes with wells and septic systems needed extra tests for contamination
  • Avoid homes with any income producing activities such as working farms, detached buildings with offices or car lifts for auto repairs, or anything else related to income producing activities.

Louisville Kentucky VA Home Loan Mortgage Lender: Kentucky VA Home Loans Info

Louisville Kentucky VA Home Loan Mortgage Lender: Kentucky VA Home Loans Info: Kentucky VA Home Loans Info: 100% Financing Available available for first time use and subsequent use.  Can use your Kentucky VA loan ...



Kentucky VA Home Loans Info



Kentucky VA Home Loans Info: 100% Financing Available available for first time use and subsequent use.

Kentucky VA Home Loan Rates ~ Guidelines, Eligibility & Requirement for VA ...



 Can use your Kentucky VA loan more than once. Seller can pay up to 4% (of the purchase price) for your closing costs

Must be an Active or Prior Service member (this includes Reservists)

In most cases no Letter of explanation for credit issues and no Verified Rental history is required if it
makes sense to VA underwriters

2 years removed from bankruptcy No minimum score but lenders will create minimum credit overlays.

Current Covid 19 enforcement has caused a lot VA lenders in Kentucky to raise the score to 620 
                                                                                                                                                                                                           
 No max loan amounts anymore, but must qualify based on debt to income ratio, entitlement amount, residual income and area you are buying.

Loan is submitted through Desktop Underwriting first, and depending on the recommendation from

the AUS or Automated Underwriting System, it will dedicate your condition to close the loan.


Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and ...