To get a free mortgage FICO score (FICO Score 2, 4, or 5), which are the models most commonly used by mortgage lenders, you will need to use the next resources below:
MyFICO: MyFICO provides the exact FICO Score versions (2, 4, and 5) used for mortgages. Although it’s not free, they sometimes offer free trials or one-time purchases. It’s worth checking their promotions.
Contact a Mortgage lender that will give you the free fico mortgage credit scores for free. Some lenders will give them to you with a credit application, and some will make you pay for them. If you end up doing the loan with the lender, you will pay for them at the closing. This payment will be on the settlement statement. You will not have to pay out of pocket upfront. The costs of credit reports and credit scores have tripled in the last 2 years. Some lenders now require you to pay for them.
Credit scores used for a Kentucky mortgage loan approval for Experian, Equifax and transunion
A mortgage broker or lender, like Joel Lobb in Kentucky, may run your mortgage-specific FICO scores during prequalification. This service is often provided at no cost.
Would you like me to guide you on how to access any of these?
Big News for Kentucky Mobile Home Buyers: USDA Loan Changes Coming in 2025!
Are you looking for affordable home financing options for manufactured or mobile homes in Kentucky? Big news is here! Starting March 4, 2025, the USDA will officially offer 100% financing for manufactured homes. This exciting change will make homeownership more accessible and affordable for families in Kentucky.
You can now take advantage of FHA loans with Kentucky Housing Corporation’s down payment assistance. This assistance is available on used mobile homes or new mobile homes. This assistance offers a path to 100% financing. This option is ideal for those purchasing manufactured homes in urban and rural areas alike
What Does This Mean for Kentucky Homebuyers?
For years, many buyers in Kentucky seeking affordable housing options, like mobile homes, faced limited financing choices. With the USDA’s policy changes, more Kentucky homebuyers will qualify for 100% financing on manufactured homes. This program is transformative. It is especially beneficial for those in rural areas. Many are looking to take advantage of USDA’s Rural Housing Loan Program.
Benefits of the USDA Manufactured Home Loan Program
100% Financing – No money down is required, making it perfect for buyers with limited savings.
Affordable Terms – Competitive interest rates make monthly payments manageable.
Rural Housing Opportunities – Ideal for Kentucky homebuyers in small towns and rural areas.
Expanded Eligibility – These changes will allow more manufactured homes to qualify, opening up affordable housing options.
How to Qualify for a USDA Loan for Mobile Homes in Kentucky
To take advantage of this incredible opportunity, you’ll need to meet a few requirements:
Credit Score: Typically, a score of 581 or higher is needed.
With rising home prices, these changes make it easier for families in Kentucky to purchase affordable housing. Manufactured homes are an excellent option for those seeking modern, energy-efficient, and affordable living solutions. This program ensures that homeownership is possible for more families across Kentucky, particularly in rural communities.
Get Pre-Approved for Your USDA Mobile Home Loan in Kentucky
Don’t wait until March 2025! Start planning now to take advantage of these USDA loan changes. Are you considering purchasing a mobile home in Kentucky? I can help you secure the best financing option for your needs.
I specialize in USDA and rural housing loans for mobile and manufactured homes across Kentucky. I have decades of experience and local expertise. I’m here to guide you through the process. I will help you achieve your dream of owning a home with no money down.
$2500 Grant from Fannie Mae and Freddie Mac To Buy a home in Kentucky
Kentucky Homeownership just got more affordable for low-to-moderate income Kentucky residents! If you’re planning to buy a home in 2025, you could qualify for a $2,500 grant.
This grant is available through Freddie Mac’s Home Possible® and Fannie Mae’s HomeReady® programs. This limited-time offer can help cover your down payment. It also assists with closing costs. This makes the dream of homeownership more accessible. Let’s break it down!
What Are HomeReady® and Home Possible® Programs?
HomeReady®:
Offered by Fannie Mae, this program provides:
Low down payments as little as 3%.
Flexible mortgage options for borrowers with household incomes below the area median income.
Reduced mortgage insurance requirements, making homeownership more affordable.
620 credit scores or higher
lower mortgage insurance
3 percent down payment
4 years removed from bankruptcy
Home Possible®:
Freddie Mac’s Home Possible® program offers:
3% down payment options for eligible buyers.
Flexible credit terms and lower mortgage insurance premiums.
Special features to assist low-income buyers achieve their homeownership goals.
620 credit scores or higher
lower mortgage insurance
3 percent down payment
4 years removed from bankruptcy
The $2,500 Grant: What You Need to Know
This $2,500 credit can be used toward:
Down payment costs and prepaids for taxes, home insurance and prepaid interest
Closing costs, helping to reduce the financial burden of purchasing a home.
Eligibility Criteria
Property Types: The grant applies to purchases of 1-4 unit properties.
Income Limits: Borrower’s income must not exceed 50% of the Area Median Income (AMI).
Loan Programs: The credit is available exclusively through Fannie Mae’s HomeReady® and Freddie Mac’s Home Possible® loan programs.
Program Duration
Loans must achieve “purchase-ready” status by February 28, 2026.
For loans delivered into mortgage-backed securities (MBS), the deadline is February 1, 2026.
Why Take Advantage of This Program?
This grant is a game-changer for first-time and low-income homebuyers in Kentucky. The financial relief offered helps bridge the gap for individuals and families working toward their goal of owning a home.
Get Started Today!
If you’re ready to make your move, contact an experienced loan officer who specializes in HomeReady® and Home Possible® programs. They can guide you through the eligibility process. They will help you take the next step toward achieving your dream of homeownership with this incredible grant opportunity.
If you’re in Kentucky, don’t miss this chance to access $2,500 in grant assistance. Make your homeownership dream a reality in 2025. For more information, get in touch with a local expert today!
Programs: Available through HomeReady® and Home Possible® loan programs.
Deadlines: Loans must achieve “purchase-ready” status by February 28, 2026.
Don’t miss this opportunity to reduce your upfront homebuying costs. Find out if you qualify and connect with a local loan officer today. These grants are limited and offered for a short time—act before the deadlines pass!
Eligibility Requirements for the $2,500 Grant
This $2,500 credit is available exclusively through Fannie Mae’s HomeReady® mortgage. Here’s what you need to qualify:
1. Mortgage Insurance
If you put less than 20% down, you’ll need mortgage insurance. However:
The insurance is canceled when you reach 80% equity. Unlike FHA loans, they often require mortgage insurance for the loan’s life.
2. Kentucky First-Time or Repeat Homebuyers
You don’t need to be a first-time Kentucky homebuyer to qualify for HomeReady®.
If all borrowers on the loan are first-time buyers, at least one must complete a homeownership education course. This course can be Fannie Mae HomeLier.
Income limits below for Major Cities in Kentucky
Why Choose HomeReady® Over Other Loan Options?
Lower Down Payment: Only 3% is required, compared to 3.5% for FHA loans.
Reduced Mortgage Insurance Costs: Save money over the life of the loan.
Flexible Eligibility: The program is open to both first-time and repeat buyers. The flexibility in household income allows multi-generational income to help you qualify.
How to Get Started
Check Your Eligibility: Use the AMI Lookup Tool to determine if your income qualifies for the grant.
Contact a Lender: Work with a lender who offers HomeReady® mortgages. They can guide you through the application process and help determine your grant eligibility.
Complete a Homebuyer Education Course: If you’re a first-time homebuyer, complete the required course to meet eligibility.
Take the First Step Toward Homeownership in Kentucky
The $2,500 credit from Fannie Mae’s HomeReady® mortgage offers a fantastic way to reduce your upfront costs. It helps make homeownership more affordable. Whether you’re a first-time buyer or looking to upgrade, this grant is here to help.
Don’t miss out on this limited-time opportunity to take advantage of a program designed to help Kentucky homebuyers like you. Start your journey today and make your dream home a reality!
Below is a snapshot of current income limits for Homeready and Home Possible. These are the income limits for Jefferson, Fayette, Warren, and Daviess County. This is for 2025 household income limits.
ADVERTISEMENT |EVO Mortgage is an Equal Housing Opportunity Lender NMLS # 1738461 (Nationwide Multistate Licensing System –
www.nmlsconsumeraccess.org) Terms, conditions, and restrictions may apply. All information contained herein is for informational purposes only and, while every effort is made to ensure accuracy, no guarantee is expressed or implied. Not a commitment to extend credit.
Borrower must meet all loan program and eligibility requirements. Information is subject to change without any notice. This is not an offer for an extension of credit or a commitment to lend. Restrictions may apply.
TERMS AND CONDITIONS: Eligibility for the $2,500 credit is based on qualifying income at or below 50% of the Area Median Income (AMI). This is determined via Fannie Mae’s and Freddie Mac’s respective tools. The credit must be applied toward down payment and/or closing costs for eligible 1-unit properties. It is also applicable for 2-4 unit properties with LTV ≤ 80%. The program applies to FNMA HomeReady® loans with closing dates between March 1, 2024, and February 28, 2025. It also applies to FHLMC Home Possible® loans within the same dates. All loans must be approved via DU or LPA
If you’re a first-time homebuyer in Kentucky, theKentucky Housing Corporation (KHC)offers exceptional programs. If you’re looking for affordable mortgage solutions, they also offer exceptional programs. These programs are designed to make homeownership more accessible. KHC provides options for down payment assistance. They offer low-interest mortgage revenue bond (MRB) loans and support for finding your dream home. KHC is a trusted resource for Kentucky residents.
Here’s a complete guide to KHC’s homebuyer programs. Learn how they can help you achieve your goal of owning a home.
Step 1: Contact a KHC-Approved Lender
To get started, reach out to a lender approved by KHC. These lenders will guide you through the qualification process, reviewing key factors such as:
Credit score and history
Income and employment
Debt-to-income (DTI) ratio
Your lender will help determine your eligibility for KHC mortgage programs. They will also assist in tailoring a loan that meets your financial needs.
Step 2: See If You Qualify for Down Payment Assistance
Assistance can also be applied toward closing costs.
Discuss the specific terms with your lender. Determine if this assistance aligns with your financial goals. Also, check the program requirements.
Why This Matters: Many first-time buyers lack the upfront funds for a down payment. KHC’s down payment assistance bridges the gap, making homeownership more affordable and attainable.
Step 3: Explore the Mortgage Revenue Bond (MRB) Program
KHC’s Mortgage Revenue Bond (MRB) Program offers 30-year fixed-rate mortgages at below-market interest rates. This program is ideal for:
Buyers seeking affordable monthly payments.
Those who meet specific income and purchase price limits.
How It Works: Your lender will evaluate whether your income falls within the program guidelines. They will help you take advantage of these low mortgage rates.
Step 4: Find a House You Love
With pre-approval in hand, work with a trusted real estate agent to find a home that:
Fits your budget and lifestyle.
Meets KHC program requirements (e.g., within purchase price limits).
This step is all about aligning your long-term housing goals with a property that qualifies under the KHC guidelines.
Step 5: Close the Deal
Once your loan is approved and inspections are completed, it’s time to finalize the purchase.
Sign the closing documents to officially become a homeowner.
Celebrate reaching this milestone and enjoy your new home!
Why Choose KHC Mortgage Programs?
Down Payment Assistance: With up to $10,000 available, KHC reduces the financial burden for first-time buyers.
Low Mortgage Rates: Through the MRB program, KHC offers competitive, below-market interest rates.
Trusted Guidance: Approved lenders provide personalized assistance to guide you through every step of the process.
Support for Kentucky Residents: Tailored programs ensure that Kentucky homebuyers have access to affordable housing solutions.
Who Is Eligible for KHC Mortgage Programs?
Eligibility for KHC programs depends on:
Income Limits:Your household income must fall within program guidelines, which vary by county and household size.
Credit Requirements:A minimum credit score is required (varies by lender and loan type).
Property Location: Homes must meet KHC’s criteria, such as price limits and condition requirements.
Take the First Step Toward Homeownership
Whether you’re a first-time buyer or looking for affordable financing options, KHC’s programs can help you secure your dream home. With no-money-down options, low mortgage rates, and tailored assistance, homeownership is within reach.
Contact an Approved KHC Lender Today:
Find out how much you qualify for.
Explore available down payment assistance programs.
Start your journey to affordable homeownership in Kentucky!
Kentucky USDA loan income limits vary depending on location and household size, with specific base income thresholds for most counties. Below is an updated guide for the 2025 USDA income limits in Kentucky:
2024 USDA Income Limits for Most Kentucky Counties
General Income Limits for Most Counties (*)
Household Size 1-4: Up to $112,450
Household Size 5+: Up to $148,450
Jefferson County Louisville Metro Area () and Surrounding Counties**
The Jefferson County Metro Area, which includes Oldham, Bullitt, and Spencer counties, follows higher income limits:
Household Size 1-4: $112,450
Household Size 5+: $148,450
2025 Preview: Updated USDA Income Limits
For 2025, the USDA loan income limits will remain consistent:
Jefferson Metro Counties: Same limits apply as 2024.
Counties Ineligible or Partially Eligible for USDA Loans
While USDA loans provide 100% financing for many rural and suburban areas, certain counties or regions in Kentucky are ineligible due to population density or other factors:
Fully Ineligible Counties:
Jefferson County (Louisville Metro)
Fayette County (Lexington)
Partially Ineligible Areas:
Some cities or parts of counties are excluded:
Daviess County (Owensboro city limits)
McCracken County (Paducah city limits)
Warren County (Bowling Green city limits)
Hardin County (Fort Knox, Radcliff)
Christian County (Hopkinsville, Fort Campbell)
Boyd County (Ashland city limits)
Bullitt County (Hillview, Zoneton, Brooks)
Franklin County (Frankfort)
Henderson County (Henderson city limits)
Northern Kentucky (urban areas of Boone, Kenton, Campbell counties including Covington, Florence, and Hebron).
Northern Kentucky USDA Loan Income Limits (Higher Limits) (*):**
For Northern Kentucky counties, the USDA income limits are slightly higher:
Boone, Kenton, Campbell Counties
Household Size 1-4: $120,300
Household Size 5+: $159,150
Grant, Owen, Pendleton Counties
Household Size 1-4: $112,450
Household Size 5+: $148,450
USDA-Eligible Areas in Northern Kentucky
Eligible cities and areas in Northern Kentucky include:
Burlington
Hebron
Independence
Walton
Alexandria
Highland Heights
Cold Springs
Grant County
Owen County
Pendleton County
Why Choose a USDA Loan?
The USDA Rural Housing Loan Program is a no-money-down mortgage option designed to make homeownership more accessible. It’s not just for first-time buyers and offers many advantages:
No Down Payment Required
Competitive Interest Rates
Flexible Credit Guidelines
Apply for a USDA Home Loan in Kentucky
If you’re considering a USDA loan in Kentucky, I’m here to help! With over 20 years of experience, I specialize in guiding homebuyers through the USDA loan process.
Disclaimer: All loans are subject to credit approval, verification, and collateral evaluation. This information is intended for educational purposes only and does not guarantee loan approval. USDA loans are available only for eligible properties in Kentucky.
Website: 
Address: 911 Barret Ave., Louisville, KY 40204
COMPANY NMLS# 1738461
Kentucky USDA Mortgage Lender for Rural Housing Loans 