Updated July 2026: The fee change described below took effect in October 2015 and is no longer current. As of July 2026, the USDA upfront guarantee fee is 1.00% of the loan amount and the annual fee is 0.35% of the unpaid principal balance. USDA also does not publish a minimum credit score. The original 2015 announcement is preserved below for reference. For the current Kentucky USDA guidelines, see https://kentuckyusdaloan.com/.
KENTUCKY USDA UP-FRONT GUARANTEE FEE INCREASE
As announced by Rural Development, the upfront Guarantee Fee for purchase and refinance loans will increase as follows for Rural Housing USDA loans in Kentucky:
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EFFECTIVE 10/1/15
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All Transactions
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2.0%
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2.75%
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The new fee structure is applicable to all Conditional Commitments issued by Rural Development on or after October 1, 2015. Loan guarantee requests submitted to Rural Development (RD) on which a conditional commitment has not been issued by September 30, 2015, will be subject to the new, higher guarantee fee structure.
| Kentucky USDA Guaranteed Rural Housing Loans are one of the only “no money down” options available to home buyers today. Kentucky USDA loans aren’t just in the country. Many other areas fall within the USDA Kentucky Rural Housing designated areas, so opportunities may be closer than you think. To view eligible rural areas near you, CLICK HERE to access the USDA lookup tool on their website. This program is very attractive to low-to-moderate income buyers: |
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Joel Lobb
Mortgage Loan Officer EVO Mortgage
911 Barret Ave, Louisville, KY 40204
Text or call: 502-905-3708 email: kentuckyloan@gmail.com
NMLS #57916 | Company NMLS #1738461
Equal Housing Lender
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