The Kentucky Guaranteed Rural Housing (GRH) Loan Program is designed to assist households in obtaining adequate but modest, decent, safe and sanitary dwellings and related facilities for their own use in rural areas. Loans are limited to applicants with incomes that do not exceed state and local Rural Development (RD) median income limits and property that is designated as rural by Rural Development.
The benefits of the Kentucky Guaranteed Rural Housing (GRH) Loan Program include:
•No Down Payment Required. Borrowers can finance up to 100% of the appraised value of the home.
•No monthly mortgage insurance payments.
•Competitive 30 year fixed interest rates.
•Flexible credit guidelines.
•No maximum purchase price limit.
To verify eligibility for a GRH Loan, property eligibility and income eligibility must be obtained. Access our website for the USDA property and income eligiblity links (USDA Links). In addition, you will find AFR GRH Loan Program Guidelines, a GRH - Guarantee Fee Calculator and GRH overview presentation by Rural Development.
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