Tag: home loan options

Rural Housing and USDA Loans in Kentucky

Rural Housing and USDA Loans in Kentucky

When searching for home loan options in the Kentucky , you do not want to overlook the possibility of a USDA and Rural  Home Loans . Designed to help encourage economic growth throughout the state of Kentucky, a USDA Loan is a great alternative to a traditional home loan. With no down payment required andflexible credit guidelines, a government backed USDA Loan can help your dream of homeownership become a reality in Kentucky.

  • 100% Financing Up to the Appraised Value
  • New and Existing Homes are Eligible
  • No Maximum Loan Amount
  • Low Fixed Interest Rates
  • Minimum 640 score and 3 years removed from Bankruptcy and Foreclousre
  • Maximum Income Limits Per Kentucky Household
  • Low mortgage insurance on USDA loans in Kentucky
  • Seller can pay all closing costs and prepaids
  • No Termite report or Home Inspection Needed
  • Low 30 year fixed Rates on Kentucky Home Loans

Kentucky Areas that Qualify for a USDA Loan

While USDA Loans are limited to rural areas, you will probably be surprised at the selection of qualifying areas. Rural does not have to mean farm country, and so a number of areas that that are located right next to major cities do qualify.
In general terms, eligible USDA homes are limited to areas that are not within city limits and have less than 20,000 residents. However, you should never assume that your Kentucky home does not qualify. Even if the property you are considering is close to Lexington or Louisville, it may still qualify. So seek out the guidance of the USDA Loan Agency. Fill out the Application on this page, or call one of our certified USDA loan agents at1-502=905=3708 or email kentuckyloan@gmail.com and find out if you’re eligible.

Kentucky’s USDA Loan Income Limits by County

Some of the eligibility restrictions that determine if you qualify for a USDA include the county and zip code the home resides in, as well as, your past credit history and number of dependents.

In addition, because they are designed for families with moderate to lower incomes, the income of homebuyers looking into a Kentucky USDA Home Loan cannot exceed their county’s set limit:

Kentucky USDA Loan Adjusted Maximum Income Limits by County
Updated 05/01/2009

County Name    

1-4 Person Households
(Guaranteed Loans)

5-8 Person Households 
(Guaranteed Loans)

NON-METRO

ADAIR

$73,600

$97,150

NON-METRO

ALLEN

$73,600

$97,150

FRANKFORT, KY (MICRO)

ANDERSON

$73,600

$97,150

PADUCAH, KY-IL (MICRO)

BALLARD

$73,600

$97,150

GLASGOW, KY (MICRO)

BARREN

$73,600

$97,150

MOUNT STERLING, KY (MICRO)

BATH

$73,600

$97,150

MIDDLESBOROUGH, KY (MICRO)

BELL

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

BOONE

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

BOURBON

$73,600

$97,150

HUNTINGTON-ASHLAND, WV-KY-OH (MSA)

BOYD

$73,600

$97,150

DANVILLE, KY (MICRO)

BOYLE

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

BRACKEN

$73,600

$97,150

NON-METRO

BREATHITT

$73,600

$97,150

NON-METRO

BRECKINRIDGE

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

BULLITT

$73,600

$97,150

NON-METRO

BUTLER

$73,600

$97,150

NON-METRO

CALDWELL

$73,600

$97,150

MURRAY, KY (MICRO)

CALLOWAY

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

CAMPBELL

$73,600

$97,150

NON-METRO

CARLISLE

$73,600

$97,150

NON-METRO

CARROLL

$73,600

$97,150

NON-METRO

CARTER

$73,600

$97,150

NON-METRO

CASEY

$73,600

$97,150

CLARKSVILLE, TN-KY (MSA)

CHRISTIAN

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

CLARK

$73,600

$97,150

NON-METRO

CLAY

$73,600

$97,150

NON-METRO

CLINTON

$73,600

$97,150

NON-METRO

CRITTENDEN

$73,600

$97,150

NON-METRO

CUMBERLAND

$73,600

$97,150

OWENSBORO, KY (MSA)

DAVIESS

$73,600

$97,150

BOWLING GREEN, KY (MSA)

EDMONSON

$73,600

$97,150

NON-METRO

ELLIOTT

$73,600

$97,150

NON-METRO

ESTILL

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

FAYETTE

$73,600

$97,150

NON-METRO

FLEMING

$73,600

$97,150

NON-METRO

FLOYD

$73,600

$97,150

FRANKFORT, KY (MICRO)

FRANKLIN

$73,600

$97,150

UNION CITY, TN-KY (MICRO)

FULTON

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

GALLATIN

$73,600

$97,150

NON-METRO

GARRARD

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

GRANT

$73,600

$97,150

MAYFIELD, KY (MICRO)

GRAVES

$73,600

$97,150

NON-METRO

GRAYSON

$73,600

$97,150

NON-METRO

GREEN

$73,600

$97,150

HUNTINGTON-ASHLAND, WV-KY-OH (MSA)

GREENUP

$73,600

$97,150

OWENSBORO, KY (MSA)

HANCOCK

$73,600

$97,150

ELIZABETHTOWN, KY (MSA)

HARDIN

$73,600

$97,150

NON-METRO

HARLAN

$73,600

$97,150

NON-METRO

HARRISON

$73,600

$97,150

NON-METRO

HART

$73,600

$97,150

EVANSVILLE, IN-KY (MSA)

HENDERSON

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

HENRY

$73,600

$97,150

NON-METRO

HICKMAN

$73,600

$97,150

MADISONVILLE, KY (MICRO)

HOPKINS

$73,600

$97,150

NON-METRO

JACKSON

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

JEFFERSON

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

JESSAMINE

$73,600

$97,150

NON-METRO

JOHNSON

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

KENTON

$73,600

$97,150

NON-METRO

KNOTT

$73,600

$97,150

NON-METRO

KNOX

$73,600

$97,150

ELIZABETHTOWN, KY (MSA)

LARUE

$73,600

$97,150

LONDON, KY (MICRO)

LAUREL

$73,600

$97,150

NON-METRO

LAWRENCE

$73,600

$97,150

NON-METRO

LEE

$73,600

$97,150

NON-METRO

LESLIE

$73,600

$97,150

NON-METRO

LETCHER

$73,600

$97,150

MAYSVILLE, KY (MICRO)

LEWIS

$73,600

$97,150

DANVILLE, KY (MICRO)

LINCOLN

$73,600

$97,150

PADUCAH, KY-IL (MICRO)

LIVINGSTON

$73,600

$97,150

NON-METRO

LOGAN

$73,600

$97,150

NON-METRO

LYON

$73,600

$97,150

RICHMOND-BEREA, KY (MICRO)

MADISON

$73,600

$97,150

NON-METRO

MAGOFFIN

$73,600

$97,150

NON-METRO

MARION

$73,600

$97,150

NON-METRO

MARSHALL

$73,600

$97,150

NON-METRO

MARTIN

$73,600

$97,150

MAYSVILLE, KY (MICRO)

MASON

$73,600

$97,150

PADUCAH, KY-IL (MICRO)

MCCRACKEN

$73,600

$97,150

NON-METRO

MCCREARY

$73,600

$97,150

OWENSBORO, KY (MSA)

MCLEAN

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

MEADE

$73,600

$97,150

MOUNT STERLING, KY (MICRO)

MENIFEE

$73,600

$97,150

NON-METRO

MERCER

$73,600

$97,150

GLASGOW, KY (MICRO)

METCALFE

$73,600

$97,150

NON-METRO

MONROE

$73,600

$97,150

MOUNT STERLING, KY (MICRO)

MONTGOMERY

$73,600

$97,150

NON-METRO

MORGAN

$73,600

$97,150

CENTRAL CITY, KY (MICRO)

MUHLENBERG

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

NELSON

$73,600

$97,150

NON-METRO

NICHOLAS

$73,600

$97,150

NON-METRO

OHIO

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

OLDHAM

$73,600

$97,150

NON-METRO

OWEN

$73,600

$97,150

NON-METRO

OWSLEY

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

PENDLETON

$73,600

$97,150

NON-METRO

PERRY

$73,600

$97,150

NON-METRO

PIKE

$73,600

$97,150

NON-METRO

POWELL

$73,600

$97,150

SOMERSET, KY (MICRO)

PULASKI

$73,600

$97,150

NON-METRO

ROBERTSON

$73,600

$97,150

RICHMOND-BEREA, KY (MICRO)

ROCKCASTLE

$73,600

$97,150

NON-METRO

ROWAN

$73,600

$97,150

NON-METRO

RUSSELL

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

SCOTT

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

SHELBY

$73,600

$97,150

NON-METRO

SIMPSON

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

SPENCER

$73,600

$97,150

CAMPBELLSVILLE, KY (MICRO)

TAYLOR

$73,600

$97,150

NON-METRO

TODD

$73,600

$97,150

CLARKSVILLE, TN-KY (MSA)

TRIGG

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

TRIMBLE

$73,600

$97,150

NON-METRO

UNION

$73,600

$97,150

BOWLING GREEN, KY (MSA)

WARREN

$73,600

$97,150

NON-METRO

WASHINGTON

$73,600

$97,150

NON-METRO

WAYNE

$73,600

$97,150

EVANSVILLE, IN-KY (MSA)

WEBSTER

$73,600

$97,150

CORBIN, KY (MICRO)

WHITLEY

$73,600

$97,150

NON-METRO

WOLFE

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

WOODFORD

$73,600

$97,150

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.comKey Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*