Kentucky USDA Rural Housing County Income Limits for 2020

Kentucky USDA Income Limits for 2020

Kentucky 2020 County Income Limits For USDA Rural Development Loan

2020 Kentucky USDA Loan Income Limits for Kentucky Counties 
Kentucky USDA loan income limits vary by location and household size with a base income-limit for the entire state of Kentucky,
The base USDA income limits are for most Kentucky counties below:

Kentucky USDA Mortgage Limits for Households with 1-4 members have different limits as households with 5-8. Similarly, applicants living in high-cost counties will have a higher income limit than those living in counties with a more average cost of living.

 

New Income limits for most counties (*) in Kentucky are $86,850 for a  4 unit household and household families of five or more + can make up to  $114,650.

The Northern Kentucky Counties (***) of Boon, Kenton, Campbell, Bracken, Gallatin, and Pendleton are $93,500 for a household of four or less and up to $123,400 for a family of five or more.

With the new changes for 2019 USDA Income limits, the Jefferson County Louisville, KY Metro area (**) saw an increase of $87,600 for a family of four and up to $115,650 for a family of five or more. The metro area includes Oldham, Bullitt, Spencer, Hardin, Larue and Meade are including in these higher income limits for USDA loans.

Remember,  Jefferson County Kentucky, Fayette County Kentucky are not eligible for USDA loans.

Most are familiar with USDA Rural Housing Loan Program  being a great no money down program available and it is not just for Kentucky first time buyers. 

 

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Joel Lobb
Senior  Loan Officer
(NMLS#57916)
 Company ID #1364 | MB73346

 

 

text or call my phone: (502) 905-3708

email me at kentuckyloan@gmail.com

The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people.

NMLS ID# 57916, (www.nmlsconsumeraccess.org). USDA Mortgage loans only offered in Kentucky.

All loans and lines are subject to credit approval, verification, and collateral evaluation

Apply for Free Home Loan Today Kentucky
Apply for Free Home Loan Today Kentucky

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