Kentucky Mortgage Approval With No Credit Score FHA, VA, USDA, Conventional

Kentucky Mortgage Approval With No Credit Score (FHA, VA, USDA, Conventional) — 2025 Guide
Kentucky 2025

Kentucky Mortgage Approval With No Credit Score

A simple plan for FHA, VA, USDA, and Conventional loans. If you have no credit score, you can still buy a home in Kentucky—here is how it works.

Apply Now (502) 905‑3708 Email Joel

Author: Joel Lobb, Mortgage Broker FHA, VA, KHC, USDA · NMLS #57916 · Company NMLS #1738461 · Louisville, KY

Why this guide matters

You can buy a home in Kentucky even if you do not have a credit score. I help first‑time buyers with no scores every week. This site has deep how‑to guides on Kentucky FHA, VA, USDA, and Conventional loans. That gives you simple steps, clear rules, and fewer surprises. In short: this is our specialty, and we do it a lot.

See related guides: Kentucky FHA Loans · Kentucky VA Loans · USDA Rural Housing Kentucky · KHC Down Payment Assistance

Quick Start: What to do first

1

Map your program

  • Use VA if you are eligible (often $0 down).
  • Use USDA if the home is in an eligible rural area (often $0 down).
  • Use FHA if you need flexible credit rules.
  • Use Conventional when AUS approves, often with a co‑borrower who has a score.
2

Prove your payment history

Gather 12 months of on‑time payments for rent and 2–3 other bills (utilities, phone, insurance, daycare). Bank statements, invoices, or letters from the company work.

Why Kentucky Homebuyers Trust Us

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Program snapshot (side‑by‑side)

Each program has unique requirements for no-score borrowers. The right choice depends on your specific situation.
Program Purchases vs. Refis Approval Method DTI Rules Tradelines & Rent Notes
VA Purchases only when no score is involved Manual underwriting allowed up to 50% DTI with residual income. If DTI > 41%, meet 120% of VA residual income. Up to 50% with strong residual income 3 non‑traditional tradelines with 12 months on‑time history. Rent‑free letter if living rent‑free. No formal loan cap with full entitlement; $0 down for eligible Veterans.
FHA Purchases only when a borrower has no score Even if AUS is Approve/Eligible, downgrade to manual when any borrower has no score. All borrowers no score: 31/43. If one borrower has ≥580 and the other no score: up to 40/50 with compensating factors. 3 non‑traditional tradelines per no‑score borrower; rent‑free letter if applicable. HUD REO $100 down, escrow holdbacks, 203(h) disaster, Condo Single‑Unit Approvals allowed.
Conventional Purchases and refis as AUS permits No‑score co‑borrowers allowed with DU/LPA Approve/Accept. Run both and follow the stronger findings. Per AUS If scored borrower provides >50% of income: no extra NTCs. If no‑score borrower provides >50%: need 2 NTCs + 12‑month rent. Pricing may be based on the scored borrower's profile (e.g., 740) when paired with a no‑score co‑borrower.
USDA Purchases Run GUS. Enter 100 as the credit score for a no‑score borrower. Typical program ratios 29/41 unless GUS allows otherwise. If 12‑month rent is verified: add 1 extra NTC. If no rent: provide 3 NTCs. $0 down for eligible rural properties. Check USDA property eligibility.

VA with no score

If your total DTI is above 41%, you must meet at least 120% of the VA residual‑income rule for your family size and region.

What to expect

  • Manual underwriting allowed up to 50% DTI with strong residual income.
  • 3 non‑traditional tradelines with 12 month on‑time history for any no‑score borrower.
  • Rent‑free letter if you live rent‑free.
  • $0 down available for eligible Veterans with entitlement.

Helpful link: VA Home Loan Program

FHA with no score

What to expect

  • When any borrower has no score, we must manually underwrite, even if AUS says Approve/Eligible.
  • DTI caps: 31/43 when all borrowers have no score.
  • If one borrower has a 580+ score and the other has no score, DTI can stretch to 40/50 with strong compensating factors.
  • 3 non‑traditional tradelines with 12 months of on‑time payments; rent‑free letter when applicable.
  • Special cases allowed: HUD REO $100 down, escrow holdbacks, 203(h) disaster relief, Condo Single‑Unit Approvals.

Helpful link: FHA for Homebuyers

Conventional with no score

What to expect

  • We run DU (Fannie Mae) and LPA (Freddie Mac). If we receive Approve/Accept findings, a no‑score co‑borrower is allowed.
  • Pricing may be based on the scored borrower's credit when paired with a no‑score co‑borrower.
  • If the scored borrower provides more than 50% of qualifying income: no extra NTCs needed.
  • If the no‑score borrower provides more than 50%: provide 2 non‑traditional tradelines plus 12‑month rent verification.

Helpful links: Fannie Mae Single‑Family · Freddie Mac Single‑Family

USDA with no score

What to expect

  • We run GUS. For a borrower with no score, we enter 100 as the score value in the system.
  • Typical USDA ratios are 29/41, but GUS may allow exceptions.
  • If 12‑month rent is verified: provide rent + 1 extra non‑traditional tradeline. If no rent: provide 3 non‑traditional tradelines.
  • $0 down for eligible rural properties. Check your address on the USDA map.

Helpful link: USDA Eligibility

Non‑traditional credit examples

Commonly Accepted

  • Rent or mortgage (VOR)
  • Utilities: electric, water, gas
  • Phone or internet
  • Auto or renters insurance

Sometimes Accepted

  • Daycare or tuition
  • Streaming or subscription bills
  • Medical payment plans
  • Gym membership with monthly billing
Tip: we need 12 straight months of on‑time payments and a way to verify them.

Documents checklist

Identity & income

  • Driver's license and Social Security number
  • 30 days of pay stubs and last 2 years W‑2s
  • Last 2 months of bank statements
  • Proof of other income (if any)

Non‑traditional credit

  • 12‑month rent verification or rent‑free letter
  • 2–3 other bills with 12 months of on‑time payments
  • Invoices or letters from each company
  • Matching bank statements when possible

FAQs

Is this only for first‑time buyers?

No. It fits many buyers who lack a traditional score. Each program has extra rules. We will confirm what works for you.

Will building a quick credit score help?

Sometimes, but not always. Opening a new card right before buying a home can cause delays or lower your approval odds. Ask first.

Can I use down payment help?

Often yes. Many Kentucky buyers pair these loans with KHC Down Payment Assistance. We will review your eligibility.

Ready to get pre‑approved?

We specialize in no‑score mortgage approvals in Kentucky across FHA, VA, USDA, and Conventional. I will map your plan, list the exact documents you need, and show you the payment range you can expect.

Start Your Application Call (502) 905‑3708 Email Joel
Kentucky no credit score FHA VA USDA Conventional First‑time homebuyer

Equal Housing Lender. EVO Mortgage Company NMLS #1738461 |Joel Lobb, Mortgage Broker FHA, VA, KHC, USDA Joel Lobb NMLS #57916. Not a commitment to lend. All loans subject to credit approval, property approval, program availability, and change without notice. AUS findings and agency handbooks (HUD/FHA, VA, USDA, Fannie Mae, Freddie Mac) – as well as investor overlays – control. Some features (such as no‑score refinances) may be unavailable. Always verify property eligibility and income limits for USDA and KHC programs.

Helpful official resources: HUD/FHA · VA · USDA · Fannie Mae · Freddie Mac

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Kentucky Mortgage Approval With No Credit Score | FHA, VA, USDA & Conven...

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Kentucky FHA Loans for Bad Credit for Kentucky First-Time Buyers

Explore how to qualify for a Kentucky FHA loan with bad credit. 


 What is an FHA Loan in Kentucky?


A Kentucky FHA loan is a government-backed mortgage program insured by the Federal Housing Administration. It’s designed to help first-time homebuyers and borrowers with poor credit qualify for homeownership. These loans offer lower down payment options and more flexible credit and employment standards compared to conventional loans.

👉 Compare Kentucky FHA, VA, USDA, and KHC Loan Programs in Kentucky by clicking here


FHA Credit Score Requirements in Kentucky


You can qualify for a Kentucky FHA loan with a credit score as low as 500.

Credit ScoreMinimum Down Payment
580+3.5%
500–57910%

Keep in mind: many Kentucky FHA lenders may require a minimum score of 620. Always shop multiple lenders.

 Read more here about FHA loans and credit scores


Employment History and Income Requirements for a FHA Loan


To qualify for an FHA loan in Kentucky, you typically need:

  • 2-year work history in the same job or field-Does not have to be same job.

  • Proof of stable income (W-2s, pay stubs, tax returns)

  • Acceptable DTI ratio (ideally under 43%, up to 50% with strong compensating factors)

  • Job Gaps- If you have been laid off for more than 6 months in the last two years, start of application date, then you will need to be on your current job for 6 months. They are only looking at the last 2 year work history....They are looking for stability in your pay and income so you can make the house payment. 

  • Self-employed borrowers need 2 years of tax returns showing consistent or growing income.

  • Gross Income is used to qualify for the mortgage loan, not net income, but some loans require a certain residual income to meet addition income approval requirements for income and dti. 

  • Read more here at this link for Employment history and income guidelines for FHA loan approval


Debt-to-Income (DTI) Ratio Guidelines


debt to income ratio for Kentucky FHA Loan


Lenders analyze how much of your income goes toward housing costs and total debt. Keeping your DTI in check increases your chances of approval.


Read more here at this link for Debt to Income Requirements for FHA loan approval


FHA Loan Limits in Kentucky (2025)

In 2025, the FHA loan limit in Kentucky is set at $524,225 for single-family homes in most counties. This limit may be higher in more expensive areas.


🔗 Check Kentucky FHA Loan Limits by County – HUD by clicking the here


Property Requirements for FHA Loans in Kentucky


FHA loans require that the home meet Minimum Property Standards (MPS):


Can You Get an FHA Loan After Bankruptcy or Foreclosure?


Yes, you can still qualify for a Kentucky FHA loan after bankruptcy or foreclosure, but waiting periods apply:

Can You Get an FHA Loan After Bankruptcy or Foreclosure? Yes, you can still qualify for a Kentucky FHA loan after bankruptcy or foreclosure, but waiting periods apply:


🔗 HUD Mortgagee Handbook on Bankruptcy & Foreclosure



 Best FHA Lenders in Kentucky

When looking for a Kentucky FHA lender, prioritize those who:

  • Work with low-credit borrowers

  • Offer KHC down payment assistance

  • Provide transparent loan estimates

  • Have strong local market experience


 Recommended FHA Lender in Kentucky:


Common FHA Loan Mistakes to Avoid


  • Applying before checking your credit report

  • Not getting pre-approved

  • Ignoring your DTI ratio

  • Making large purchases before closing

  • Choosing a lender unfamiliar with Kentucky FHA loans


 FHA Loan Application Checklist


Prepare these documents to fast-track your Kentucky FHA approval:

  • Government-issued ID

  • Social Security card

  • 2 years of W-2s and tax returns

  • 60 days of bank statements

  • 30 days of pay stubs

FHA Loans Are a Smart Move for Kentucky Buyers

If you're a first-time homebuyer in Kentucky with bad credit, an FHA loan may be your best opportunity to buy a home in 2025. With flexible criteria, down payment assistance, and support from experienced local lenders, you can secure financing even if your credit score is 500.

 Take the next step toward homeownership by getting pre-approved today!


📎 Additional Links 

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Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: 2025 Kentucky FHA Loan Requirements & Limits

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: 2025 Kentucky FHA Loan Requirements & Limits: 2025 Kentucky FHA Loan Requirements: Credit, Down Payment, DTI & Loan Limits 2025 Kentucky F...

Kentucky Homebuyers: Big News! $12,500 Down Payment Assistance


Kentucky homebuyers — big news! For a limited time, you can get up to $12,500 in down payment assistance through the Kentucky Housing Corporation.


From August 21st through November 30th, KHC has boosted its assistance from $10,000 to $12,500. That’s more cash to cover your down payment, closing costs, and even prepaids.


This program works with FHA, VA, USDA, and Conventional loans. First-time and repeat buyers may qualify, with a minimum credit score of just 620


Example: On a $200,000 home, your down payment and closing costs could total $12,500. With KHC, you could buy with little to no money out of pocket.


Here’s how it works: check your credit, verify income, and apply through a KHC-approved lender. Funds are limited, so reserving early is key

Don’t miss out — this $12,500 program ends November 30th. Contact Joel Lobb at EVO Mortgage today to get pre-approved and lock in your assistance




Joel Lobb – EVO Mortgage

NMLS 57916 | EVO Mortgage NMLS 1738461

📞 502-905-3708

📧 kentuckyloan@gmail.com




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Kentucky down payment assistance program has been INCREASED to $12,500! 


🏠 BREAKING NEWS for Kentucky Homebuyers! 🏠

The Kentucky down payment assistance program has been INCREASED to $12,500! This video explains everything you need to know to qualify for this incredible opportunity.

✅ Up to $12,500 in Down Payment Assistance
✅ Available in ALL 120 Kentucky Counties
✅ Works with FHA, VA, USDA, and KHC Loans
✅ Perfect for First-Time Homebuyers (or those who haven't owned in 3 years)

If you're ready to start the home buying process, I'm here to help!

📞 Call/Text Joel Lobb: 502-905-3708
📧 Email: kentuckyloan@gmail.com
🌐 Start Your Pre-Qualification Here: www.mylouisvillekentuckymortgage.com

Joel Lobb (NMLS #57916)
Senior Loan Officer
Helping over 1,300 Kentucky families achieve homeownership.

⚠️ Disclaimer: Programs are subject to change and have limited funding. Eligibility and approval are subject to credit, income, and property guidelines. Not all applicants will qualify.

#DownPaymentAssistance #KentuckyRealEstate #FirstTimeHomeBuyer #KentuckyHousing #FHALoan #VAloan #USDAloan #LouisvilleKY #LexingtonKY #BuyingAHomeInKY #Mortgage
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Kentucky Mortgage Loan Credit Score Requirements 2025 | FHA, VA, USDA, Conventional, KHC

Kentucky Mortgage Loan Credit Score Requirements 2025

One of the first questions Kentucky homebuyers ask is: “What credit score do I need to qualify for a mortgage?” The answer depends on which program you use—FHA, VA, USDA, Conventional, or even the Kentucky Housing Corporation (KHC) Down Payment Assistance program.

This guide breaks down each program’s **credit score requirements**, what makes them different, and how you can qualify—even if your credit isn’t perfect.

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USDA Loan Requirements in Kentucky (2025)

Buying a home in rural or small-town Kentucky is easier with a USDA loan. This program offers **zero down payment financing** and flexible credit requirements, making it one of the best-kept secrets for first-time buyers.

  • Minimum Score: 580+ accepted
  • Preferred Score: 640 for smoother approvals
  • Down Payment: 0% (no money down)
  • Other Requirements: Home must be in a USDA-eligible rural area, and income limits apply

See If You Qualify for a USDA Loan in Kentucky

Contact Joel Lobb today for a free USDA pre-qualification and property eligibility review.

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FHA Loan Requirements in Kentucky (2025)

If your credit isn’t perfect, FHA loans may be your best option. Backed by the Federal Housing Administration, they’re designed for borrowers who may not qualify for Conventional financing.

  • Minimum Score: 500 with 10% down; 580+ with 3.5% down
  • Lender Overlays: Many lenders prefer 620+ even though FHA allows lower
  • Best For: First-time buyers, credit-challenged borrowers

Start Your FHA Loan Pre-Approval

See how much home you can afford in Kentucky with flexible FHA financing.

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VA Loan Requirements in Kentucky (2025)

For veterans, active-duty service members, and eligible spouses, the VA loan program is unmatched. It offers **zero down, no PMI, and no official minimum credit score**.

  • Minimum Score: No official minimum
  • Preferred Score: 620+ for best approval odds
  • Benefit: 0% down payment and no monthly mortgage insurance

Kentucky VA Home Loans

Thank you for your service. Let’s explore your no-down-payment VA loan options in 2025.

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Conventional Loan Requirements in Kentucky (2025)

Conventional loans remain the go-to option for many Kentucky buyers with stronger credit. Backed by Fannie Mae and Freddie Mac, they reward higher credit scores with better rates and lower PMI.

  • Minimum Score: 620
  • Preferred Score: 760+ for best rates
  • Down Payment: 3-5%+ for first-time buyers

Check Your Conventional Loan Options

With just 3-5% down, you may qualify for a Conventional loan in Kentucky today.

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KHC Down Payment Assistance (2025)

Saving for a down payment is the biggest barrier for many homebuyers. The Kentucky Housing Corporation (KHC) is helping with a **temporary boost to $12,500 in assistance** (up from $10,000), available until November 30, 2025.

  • Minimum Score: 620
  • Assistance: Up to $12,500 for down payment and closing costs
  • Other Requirements: Income and purchase price limits apply; must be used with FHA, VA, USDA, or Conventional first mortgage

Use KHC’s $12,500 Down Payment Assistance

Ask me how to combine KHC assistance with FHA, VA, USDA, or Conventional loans to save upfront costs.

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Kentucky Mortgage Loan Credit Score Comparison (2025)

Loan Type Minimum Score Preferred Score Down Payment
USDA Loan 580+ 640 0%
FHA Loan 500 / 580+ 620+ 10% / 3.5%
VA Loan No Minimum 620 0%
Conventional 620 680+ 3%+
KHC Assistance 620 640+ 0% (with DPA)
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Frequently Asked Questions

Most lenders require at least 580 for a USDA loan in Kentucky, but 640 is preferred for smoother approvals.

FHA loans allow 500 with 10% down or 580 with 3.5% down. Most Kentucky lenders prefer 620 or higher.

The VA does not set a minimum score. Most lenders accept 580+, with 620 preferred for stronger approvals.

Conventional loans require at least 620. Higher scores (680+) qualify for better rates and lower PMI costs.

Yes. FHA, USDA, and KHC programs all offer options for borrowers with lower credit scores. With the right strategy, you can still qualify.

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Final Thoughts: Credit Score & Mortgage Approval in Kentucky

Each mortgage program in Kentucky has different credit score requirements, but that doesn’t mean you can’t qualify if your score isn’t perfect. With USDA and VA offering zero down, FHA giving credit-challenged buyers a path forward, and KHC adding down payment help, there’s a solution for nearly every buyer in 2025.

Start Your Kentucky Mortgage Pre-Approval Today

Contact Joel Lobb for a free pre-qualification, credit review, and loan comparison. Let’s find the program that works for you.

Joel Lobb – Senior Loan Officer, EVO Mortgage
NMLS #57916 | Company NMLS #1738461
📞 (502) 905-3708 | ✉️ kentuckyloan@gmail.com

Equal Housing Lender | Not endorsed by any government agency. All loans subject to approval and availability.

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KHC $10,000 Down Payment Assistance Program for 2025

Kentucky Housing $12,500 Down Payment Assistance Help for Homebuyers 

If you're a first-time homebuyer in Kentucky, the Kentucky Housing Corporation (KHC) offers great options. They help make your dream of homeownership a reality. You can even buy your next home with no money down.

The KHC Down Payment Assistance (DPA) program can provide up to $12,500. This assistance helps with your down payment. It also covers closing costs and prepaid items. Here's everything you need to know to qualify and take advantage of these opportunities:

Kentucky Housing Corporation (KHC) understands that saving for a down payment, covering closing costs, and paying prepaid expenses can be major hurdles for homebuyers. To make the path to homeownership more achievable, KHC is offering $12,500  a special Down Payment Assistance Program (DAP) that helps cover these upfront costs for a limited time see details below:

Regular DAP Program Details

  • Purchase price limit: Up to $544,232 (subject to Secondary Market or Mortgage Revenue Bond [MRB] income limits).

  • Assistance amount: Up to $12,500 (available in $100 increments).

  • Loan terms: Repayable over 15 years at a fixed 4.75% interest rate.

  • Eligibility: Available to all KHC first-mortgage loan recipients.

  • Temporary increase: The standard $10,000 assistance has been boosted to $12,500 for loans reserved through November 30, 2025.

Additional Notes

  • No liquid asset review required and no cap on borrower reserves.

  • Specific credit underwriting standards may apply to down payment programs.

  • Works in combination with FHA, VA, USDA, and Conventional KHC-approved loans.

Why This Matters

This increase gives homebuyers more flexibility to cover upfront expenses, making it easier to move forward with a purchase in today’s higher-rate, higher-price market.

If you’re considering buying a home, now is the time to take advantage of the extra $2,500 in temporary assistance before it expires.


Who Qualifies for Kentucky's $12,500 Assistance?

Borrower Requirements

  • ✓620+ FICO credit score
  • ✓KHC-approved first mortgage
  • ✓U.S. citizen, national, or qualified alien
  • ✓Meet county income limits
  • ✓Primary residence occupancy

Program Benefits

  • ✓No liquid asset review
  • ✓No borrower reserve limits
  • ✓$100 increment flexibility
  • ✓All 120 Kentucky counties eligible
  • ✓Combines with VA, USDA, FHA, Conventional



















Am I Eligible for the $12,500 Kentucky Down Payment Assistance?

Qualifying for this program is straightforward, but you must work with a KHC-approved lender to confirm your eligibility.

Eligibility Requirements 

To qualify for the DAP program, you must:

  1. Use a KHC First Mortgage: You must be approved for your primary home loan through one of KHC's first-mortgage programs (like your standard FHA, VA, or USDA loan through KHC).

  2. Meet Income Limits: Your household income must fall within KHC's Secondary Market or Mortgage Revenue Bond (MRB) limits. These limits vary by county and household size.

  3. Meet Purchase Price Limits: The sales price of the home you wish to buy cannot exceed $544,232.

Major Benefits: Why This Program is So Popular 

  • Effectively $0 Down: By covering your down payment and closing costs, this program can create a true no-money-down scenario for eligible buyers.

  • No Asset Limits: KHC does NOT review your liquid assets (savings, checking accounts) or place a limit on how much money you can have in reserves after closing. This is a huge advantage over other programs.

  • Available to All: The DAP program is available to all recipients of a KHC first-mortgage loan who meet the income and price limits.

How Does the KHC DAP Loan Work

It's important to understand that this is a loan, not free money. Here’s how it functions:

  • You apply for your main mortgage through a KHC-approved lender.

  • If you qualify, you can also apply for the DAP loan of up to $12,500.

  • At closing, the DAP loan funds are used to pay your required down payment and other closing costs.

  • You will then have two loans:

    1. Your primary 30-year mortgage (e.g., FHA loan at 6.5%).

    2. Your secondary 15-year DAP loan for $12,500 at 4.75%.

  • You will make a separate, monthly payment on the DAP loan for 15 years, after which it will be paid in full.

How to Apply: Your Next Steps to $12,500 

You cannot apply for this program directly through KHC. You must work with a participating KHC-approved Kentucky down payment assistance lender.

Ready to stop renting and see if you qualify for $12,500?
The clock is ticking on this increased amount! Connect with a top-rated KHC-approved lender today for a free eligibility check and personalized quote. They can answer all your questions and guide you through the entire process before the November 30, 2025 deadline.


Frequently Asked Questions (FAQ) 

Q: Is the $12,500 a grant or a loan?
A: It is a loan that must be repaid over 15 years at a 4.75% fixed interest rate.

Q: What can the DAP funds be used for?
A: The funds are used to cover your down payment, closing costs (like appraisal, title insurance, origination fees), and prepaid expenses (like homeowner's insurance and property taxes).

Q: What are the credit score requirements?
A: Credit requirements are set by the specific KHC first-mortgage program you use (FHA, VA, etc.) and the lender's own underwriting. Your lender will advise you on the specific credit standards for the down payment assistance program.

Q: Can I use this on any home in Kentucky?
A: The home must be located in Kentucky and the purchase price must be at or below $544,232. It must also be your primary residence.

Learn More at the Links below 


Disclaimer: This information is for informational purposes only and is subject to change. Program details, rates, and limits are determined by the Kentucky Housing Corporation and individual lenders. All applicants must qualify based on KHC and lender underwriting guidelines.


Home Buyer Eligibility:

  1. First-Time and Repeat Buyers: KHC helps both first-time and repeat home buyers throughout Kentucky.
  2. U.S. Citizenship: You must be a U.S. citizen or have legal status to live in the U.S.
  3. Income: Only income through the Secondary Market is considered for eligibility.
  4. Principal Residence: The property must be your principal residence. You cannot own any other residential property at the time of closing.
  5. Closing Assistance: Borrowers can qualify for the KHC Down Payment Assistance Program. They must meet both the income and purchase price limits.
































Kentucky Housing Credit Standards:

To qualify for a KHC loan, there are specific credit and financial criteria:

  1. Credit Score: A minimum credit score of 620 is required for FHA, VA, and RHS loans, and a 660 minimum score is needed for Conventional loans.
  2. Debt Ratio: The maximum allowable debt ratio is 50%.
  3. Collections: In most cases, collections do not need to be paid off in full.
  4. Bankruptcies and Foreclosures: These must be discharged for at least two to seven years.
  5. Non-Taxable Income: Non-taxable income can be grossed up to help you meet the income requirements.






















Property Eligibility:

  1. New and Existing Properties: Both new and existing properties are eligible for KHC loans.
  2. Manufactured Housing: Both new and existing manufactured homes are eligible, with the caveat that RHS loans only cover new construction manufactured housing.
  3. Purchase Price Limit: The purchase price limit is set at $544,222 for both Secondary Market and MRB Loans.
  4. Appraisal and Inspections: A full appraisal is required for all KHC loans. Additionally, VA loans are the only loan product requiring a termite inspection, and a termite soil treatment certificate is required for all new construction properties except for conventional loans.


























What You Can Use the KHC Down Payment Assistance For:


  1. Down Payment: You can use the assistance to help cover your down payment when buying a home.
  2. Closing Costs: The program also helps pay for closing costs, which can be one of the most challenging parts of buying a home.
  3. Prepaid Items: KHC DPA can help with prepaids such as homeowner’s insurance or property taxes that may be due at closing.





















Start Your Home Buying Journey Today!

If you're interested in using the KHC Down Payment Assistance Program for 2025, connect with a qualified lender. There are several benefits to using this program. These benefits include no money down options. There is assistance available for both new and repeat buyers. Don't let down payment challenges hold you back. Reach out today to get started on your path to homeownership with the support of the KHC.



1 - 📅 Email - kentuckyloan@gmail.com 
2.  📞 Call/Text - 502-905-3708

Joel Lobb
Mortgage Loan Officer - Expert on Kentucky Mortgage Loans


🌐 Website: www.mylouisvillekentuckymortgage.com
🏢 Address: 911 Barret Ave., Louisville, KY 40204

Evo Mortgage
Company NMLS# 1738461
Personal NMLS# 57916

For assistance with Kentucky mortgage loans, reach out via email, call, or text Joel Lobb directly.



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