Author: Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans

Future Ineligible map for Kentucky USDA Properties in Georgetown Kentucky


USDA Rural Development Kentucky

Notice of changes to eligible area maps for USDA Rural Development housing programs

USDA Rural Development has completed its 2020 decennial United States census review for all areas under its jurisdiction to identify areas that no longer qualify as rural for Kentucky USDA Rural Housing programs. 

Based on the review of the areas within the state of Kentucky, using 2020 US census data, and rural area guidance located in Handbook HB-1-3550, Chapter 5, the rural eligibility designation has changed for the following areas:

Areas whose rural eligibility designations are changing from ineligible to eligible (these areas now qualify as rural for USDA Housing Programs):

  • The area/towns currently outside the city of Ashland, KY (Catlettsburg, West Fairview, Fairview, Westwood, Russell).
  • The areas/towns currently outside the city of Paducah, KY (Hendron and Farley).
  • The cities of Ashland, KY and Paducah, KY will remain ineligible.

Areas whose rural eligibility designation is changing from eligible to ineligible (these areas no longer qualify as rural for USDA Housing Programs):

  • Georgetown, KY – The city of Georgetown, KY, will no longer be eligible due to the population exceeding 35,000.

Changes become effective October 1, 2023.

Kentucky USDA Rural Housing Map for Georgetown Kentucky and Scott County Kentucky

The updated rural area map can now be viewed on our eligibility website. Users will need to click on the program, for example: “Single Family Housing Direct,” and then click on “Proposed Eligibility Areas” from the menu options.

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Labels: Ashland, Kentucky USDA Mortgage Loans, Ky, KY Georgetown, maps for eligible USDA Loans in Kentucky, Maps for Kentucky USDA Rural Development Housing Programs, Paducah, Property eligibility USDA

Foreclosure Guidelines for FHA Mortgage Loans in Kentucky


580 CREDIT SCORE FHA, 600-620 FHA SCORE KY, FAQ’S ABOUT KENTUCKY FHA HOME LOANS, FHA, FHA LOANS, FHA LOANS KENTUCKY HOUSING FIRST TIME HOME BUYER, FHA MORTGAGE GUIDE, FHA PROPERTY REQUIREMENTS, FHA STUDENT LOANS, FORECLOSURE, FORECLOUSRE ASSISTANCE, HOW LONG DO I HAVE TO BE EMPLOYED TO QUALIFY FOR AN KENTUCKY FHA LOAN?, KENTUCKY FHA HUD BACK TO WORK PROGRAM FOR FHA BORROWERS IN KENTUCKY, KENTUCKY MORTGAGE RATES FHA VA KHC, LOUISVILLE KY FHA LOANS

Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans's avatarLouisville Kentucky Mortgage Loans

FHA Loans in Kentucky with Foreclosure in the Past:

  • 3 years from transfer date on Commissioner’s or Transfer deed must have elapsed prior to case number assignment date

  • An exception to the 3 year requirement may be granted if the foreclosure was caused by extenuating circumstances beyond the borrower’s control such as a serious illness or death of a wage earner and the borrower has re-established good credit since the foreclosure.If the exception is granted, the loan must meet all manual underwriting guidelines.

  • Divorce is not an extenuating circumstance however an exception may be granted if the mortgage was current at the time of the borrower’s divorce and the ex-spouse received the property and the mortgage was later foreclosed.

  • Inability to sell the property due to job transfer or relocation is not considered an extenuating circumstance

  • 3 years from transfer of title.Case number assignment cannot be ordered until the wait…

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What credit score do you need for a Kentucky mortgage loan approval in 2023?


What credit score do you need for a Kentucky mortgage loan approval in 2023?

https://www.mylouisvillekentuckymortgage.com/2020/01/can-you-get-kentucky-mortgage-loan-with.html#:~:text=In%20order%20to%20get%20approved,from%20Experian%2C%20Transunion%20and%20Equifax.

Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans's avatarKentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans

There’s no universal minimum credit score needed for a mortgage, but a better credit score will give you more options. (iStock)

If you’re trying to get a mortgage, your credit score matters. Mortgage lenders use credit scores — as well as other information — to assess your likelihood of repaying a loan on time.

Because credit scores are so important, lenders set minimum scores you must have in order to qualify for a mortgage with them. Minimum credit score varies by lender and mortgage type, but generally, a higher score means better loan terms for you.

Let’s look at which loan types are best for different credit scores.

Credit score needed to buy a house

Mortgage lending is risky, and lenders want a way to quantify that risk. They use your three-digit credit score to gauge the risk of loaning you money since your credit score helps predict your likelihood…

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Kentucky FHA, VA, and USDA loans for purchase, refinance, and renovations, and we now allow credit scores down to 580.


Kentucky FHA, VA, and USDA loans for purchase, refinance, and renovations, and we now allow credit scores down to 580.

Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans's avatar

Kentucky FHA, VA, and USDA loans for purchase, refinance, and renovations, and we now allow credit scores down to 580.

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Seller, builder, Concessions for FHA, VA, USDA and Fannie Mae Home Loans Closing costs.


Seller, builder, Concessions for FHA, VA, USDA and Fannie Mae Home Loans Closing costs.

Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans's avatarLouisville Kentucky Mortgage Loans

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