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Kentucky USDA Loans | Rural Housing Loans Kentucky

Kentucky USDA Loans | Rural Housing Loans Kentucky.

via Kentucky USDA Loans | Rural Housing Loans Kentucky.

best lenders for home loan after bankruptcy in ky

Can I get an USDA Mortgage Loan after bankruptcy?

Criteria for USDA loan approvals state that if you have been discharged from a Chapter 7 bankruptcy for three years or more, you are eligible to apply for an USDA mortgage. If you are in a Chapter 13 bankruptcy and have made all court approved payments on time and as agreed for at least one year, you are also eligible to make an Kentucky USDA loan application.

Joel Lobb
Senior  Loan Officer

(NMLS#57916)
 
American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346

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USDA Rural Housing Map for Ineligible Cities in Kentucky for Housing Loans.  Areas including are Louisville,  Lexington, Paducah, Richmond, Hopkinsville, Owensboro, and Bowling Green KY

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Eligible Cities are Back!A Continuing Resolution has passed allowing RHS to refer back to the 2000 census data for eligible areas.  This will allow the following eight Kentucky cities to remain eligible until January 2014:  Bardstown, Burlington, Elizabethtown, Georgetown, Independence, Nicholasville, Shelbyville, and Shepherdsville.  This is good news as implementation of the 2010 census data has been put on hold again.

Joel Lobb (NMLS#57916)
Senior  Loan Officer
text or call 502-905-3708 cell

 

USDA Rural Housing Map for Ineligible Cities in Kentucky for Housing Loans.  Areas including are Louisville,  Lexington, Paducah, Richmond, Hopkinsville, Owensboro, and Bowling Green KY

(areas in yellow are not eligible for Kentuck USDA Mortgage Loans for 2017)

click on image to enlarge the area for more detailed map

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The United States Department of Agriculture has created a special home buyer opportunity for Americans that live in rural areas. These home buying programs were designed to increase homeownership amongst lower and middle income families that live in smaller sized cities, towns, and remote areas.

What makes these loans so special?

  • No Down Payments – USDA loans are one of the only home mortgages that allow someone to buy a home without putting any money down. In fact, the only other way someone can finance 100% of their home purchase is if they are in the military or a veteran. Even someone with perfect credit, long job history, and plenty of savings/assets can not qualify for 0 down on a home loan. This is a unique and very special aspect of USDA home buyer loans.
  • Lower PMI costs– Private Mortgage Insurance, also known as “PMI” is much lower on USDA loans than FHA or conventional mortgages. This can save you a lot of money.
  • Reduced Interest Rates The interest rates are lower on USDA loans, which results in lower payments, and plenty of money saved overtime.

Would You Like to Get Prequalified or Apply For a USDA Loan Now?
Click Here to Get Pre-Approved for a USDA Loan

How to Qualify for a USDA Loan

The best way to find out if you qualify for a USDA loan is to speak with one of our USDA specialists. It is easy to find out if you are eligible and usually only takes a few minutes. There are some basic qualification guidelines that the Department of Agriculture has set up which will help you have an idea if you can get a USDA loan.

  • Property Eligibility – The home you want to finance with a USDA loan must be an eligible property. You can not buy any home you want, it must be a designated property. You can look up homes in certain areas, or you can search by address on the USDA website.
  • Job History – Similar to all other mortgage loans, a two year work history is required.  You must show that you have been consistently employed for the past two years straight in order to qualify for USDA financing.
  • Income Limits – You must not make over a certain amount in order to receive a USDA mortgage. This amount varies by location so you will need to look up your specific counties income limits.
  • DTI Ratio– One of the main ways which determines if you will be approved or not is your debt-to-income ratios. While you must not make too much money, you also must not have too much debt. Your debt-to-income ratio is how much monthly debt you have (only those debts which show on your credit report are counted) compared to your bring home income. So if your household income is $4,000/month, and your currently monthly debts (excluding rent), combined with your new mortgage payment are $1,500/month, this would equal a 37.5% DTI ratios (this was calculated by taking $1,500 and dividing it by $4,000).
  • Credit Score – The minimum credit score varies from lender to lender, but most want to see at least a 640 credit score for you to be approved.
  • Mortgage Insurance – USDA loans have their own version of mortgage insurance. It is called the “Guaranteed Fee” and works similarly to how FHA loans have upfront and monthly mortgage insurance premiums (MIP). With USDA loans, there is a 1.0% upfront guarantee fee, and a 0.350% annual guarantee fee that is divided into 12 payments each year. The amount of your annual fee (paid monthly) adjusts each and goes down as your loan balance does. Use our USDA calculator to get an idea of what your monthly payment will be:

 

What Are the USDA Programs That Exist?

The USDA has two primary loan programs that exist. This includes direct loans and guaranteed loans.

  • Direct Loan – These are loans made directly by the government. You do not have to go through a mortgage lender, but instead you apply with the Department of Agriculture.  The direct loan is named the USDA 502 Direct Loan.
  • Guaranteed Loans – Guaranteed loans are those processed and closed by a USDA mortgage lender.  This program is called the USDA 502 Guaranteed Loan. The USDA backs the loan, but does not issue the loan themselves.

The difference between these two, aside from who provides the financing, is eligibility requirements.  The USDA 502 direct loan is geared more towards lower income families that may have issue obtaining a loan from a mortgage lender.  The USDA 502 guaranteed loan allows for more borrowers, including those with more income, to get a USDA loan.  Some applicants may be able to get a direct or guaranteed loan.  When you speak with a mortgage representative, they will help you identify which programs are available to you.  You can then compare loan terms of any mortgage you qualify for.

How to Apply for a USDA Loan

It is very easy to apply for a USDA loan. In fact, we can prequalify you over the phone. The best way to apply is to request a free USDA loan consultation and a loan specialist will contact you. All we need for an initial pre qualification is for you to share some basic information and we can inform you of your eligibility.

Would You Like to Get Prequalified or Apply For a USDA Loan Now?

USDA Mortgage Questions and Answers

Are USDA loans only for farms and agricultural properties?
This is a very common question and something that many people wonder about since it is the Department of Agriculture that backs these loans. It is actually the complete opposite though. USDA loans are meant for residential homes in rural areas, not agricultural or farmland.

Can you buy a farm with a USDA?
USDA loans are strictly for residential properties, so no farm or land that is used for agricultural purposes are allowed. In simplest words, the property can not be income producing.

If USDA loans are for rural properties does that mean they are not available near cities?
Surprisingly this is not the case either. Another misconception about the USDA home buying program is that the loans are exclusively for homes in remote areas. There are actually plenty of eligible homes just outside of various urban/suburban areas. The best way for you to get an idea of what type of home you can buy, and where, is to use the USDA property eligibility search.

Can I buy an investment property with a USDA loan?
No, you may only use a USDA loan for a home that you personally occupy as the owner.

Can I finance the loan costs into the loan?
Yes, you can finance the closing costs and the upfront mortgage insurance into the loan. This means that you do not pay the fees out of pocket at closing, but instead it is added to the loan amount. It is important to note that you will then be paying interest on these fees if they are wrapped into the mortgage. Just some “food for thought” when you decide if that is something you want to do.

How much is mortgage insurance on USDA loans?
There are two types of mortgage insurance on USDA loans. This includes both upfront mortgage insurance and what is called the “annual fee”. The upfront amount is 1.00% of the loan amount. This can be added to the loan amount (as described in the question above). The “annual fee” is divided into your monthly payments. This fee is 0.35% of the loan balance (recalculated each year). So the amount goes down as you pay your mortgage. The annual fee of 0.35% is divided into 12 and added to the monthly payments. This is cheaper than FHA MIP (mortgage insurance premiums), as well as the PMI amounts on VA and conventional loans.

Do I have to be a first time home buyer?
The good news is you do not have to be a first time buyer. The only stipulation is that it must be your primary residence. So you must not currently own a home to be able to get a USDA loan.

What is the loan limits? How much can I borrow?
USDA loan limits adhere to the Fannie Mae / Freddie Mac conforming loan limits. For a single family residence, this amount is $417,000 in most areas of the county


http://www.emailmeform.com/builder/form/0bfJs9b6bK8TGoc6mQk9hIu
 
Joel Lobb (NMLS#57916)
Senior  Loan Officer
 
American Mortgage Solutions, Inc.
10602 Timberwood Circle Suite 3
Louisville, KY 40223
Company ID #1364 | MB73346
 


Text/call 502-905-3708
kentuckyloan@gmail.com

http://www.nmlsconsumeraccess.org/
Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant  Equal Opportunity Lender. NMLS#57916 http://www.nmlsconsumeraccess.org/
 
— Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. The content in this marketing advertisement has not been approved, reviewed, sponsored or endorsed by any department or government agency. Rates are subject to change and are subject to borrower(s) qualification.
 
 

 

Secretary Announces Refinancing Help for Rural USDA Home Loan Borrowers in Select States | The White House

Secretary Announces Refinancing Help for Rural USDA Home Loan Borrowers in Select States | The White House.

via Secretary Announces Refinancing Help for Rural USDA Home Loan Borrowers in Select States | The White House.

Understanding and Improving Your Credit Scores

Understanding and Improving Your Credit Scores.

via Understanding and Improving Your Credit Scores.

KENTUCKY HOUSING CORPORATION

KENTUCKY HOUSING CORPORATION.

via KENTUCKY HOUSING CORPORATION.

Rural housing program breaks city limits | HousingWire

Rural housing program breaks city limits | HousingWire.

Rural housing program breaks city limits

2013 Kentucky USDA and Rural Housing Income Limits

Kentucky Single Family Housing Guaranteed Loan Program

 

 

2013 Kentucky GUARANTEED HOUSING PROGRAM INCOME LIMITS
STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Bowling Green, KY MSA
VERY LOW INCOME 20450 23350 26250 29150 31500 33850 36150 38500
LOW INCOME 32650 37300 42000 46650 50400 54100 57850 61600
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Cincinnati-Middletown, OH-KY-IN MSA
Cincinnati-Middleton, OH-KY-IN HUD Metro FMR Area
VERY LOW INCOME 25000 28550 32100 35650 38550 41400 44250 47100
LOW INCOME 39950 45650 51350 57050 61600 66200 70750 75300
MOD.INC-GUAR.LOAN 82000 82000 82000 82000 108250 108250 108250 108250
Grant County, KY HUD Metro FMR Area
VERY LOW INCOME 19200 21950 24700 27450 29650 31850 34050 36250
LOW INCOME 30750 35100 39500 43900 47400 50900 54450 57950
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Clarksville, TN-KY MSA
Clarksville, TN-KY HUD Metro FMR Area
VERY LOW INCOME 19000 21700 24400 27100 29300 31450 33650 35800
LOW INCOME 30350 34700 39000 43350 46800 50300 53750 57200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Elizabethtown, KY MSA
VERY LOW INCOME 20000 22850 25700 28550 30850 33150 35450 37700
LOW INCOME 32000 36550 41150 45700 49350 53000 56650 60300
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Evansville, IN-KY MSA
Evansville, IN-KY HUD Metro FMR Area
VERY LOW INCOME 22350 25550 28750 31900 34500 37050 39600 42150
LOW INCOME 35750 40850 45950 51050 55150 59200 63300 67400
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Huntington-Ashland, WV-KY-OH MSA
VERY LOW INCOME 17800 20350 22900 25400 27450 29500 31500 33550
LOW INCOME 28450 32500 36600 40650 43900 47150 50400 53650
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Lexington-Fayette, KY MSA
VERY LOW INCOME 23500 26850 30200 33550 36250 38950 41650 44300
LOW INCOME 37600 42950 48350 53700 58000 62300 66600 70900
MOD.INC-GUAR.LOAN 77200 77200 77200 77200 101900 101900 101900 101900

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 110
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Louisville, KY-IN MSA
Spencer County, KY SEA
VERY LOW INCOME 22350 25550 28750 31900 34500 37050 39600 42150
LOW INCOME 35750 40850 45950 51050 55150 59200 63300 67400
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Louisville-Jefferson County, KY-IN MSA
Louisville, KY-IN HUD Metro FMR Area
VERY LOW INCOME 22350 25550 28750 31900 34500 37050 39600 42150
LOW INCOME 35750 40850 45950 51050 55150 59200 63300 67400
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Meade County, KY HUD Metro FMR Area
VERY LOW INCOME 18300 20900 23550 26150 28250 30350 32450 34500
LOW INCOME 29300 33500 37650 41850 45200 48550 51900 55250
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Nelson County, KY HUD Metro FMR Area
VERY LOW INCOME 20150 23000 25900 28750 31050 33350 35650 37950
LOW INCOME 32200 36800 41400 46000 49700 53350 57050 60700
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Shelby County, KY HUD Metro FMR Area
VERY LOW INCOME 25550 29200 32850 36500 39450 42350 45300 48200
LOW INCOME 40900 46700 52550 58400 63050 67750 72400 77100
MOD.INC-GUAR.LOAN 83950 83950 83950 83950 110800 110800 110800 110800
Owensboro, KY MSA
VERY LOW INCOME 20100 22950 25800 28650 30950 33250 35550 37850
LOW INCOME 32100 36700 41250 45850 49500 53200 56850 60500
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Adair County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Allen County, KY
VERY LOW INCOME 16750 19150 21550 23900 25850 27750 29650 31550
LOW INCOME 26800 30600 34450 38250 41300 44350 47450 50500
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 111
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Anderson County, KY
VERY LOW INCOME 23600 27000 30350 33700 36400 39100 41800 44500
LOW INCOME 37750 43100 48500 53900 58200 62500 66850 71150
MOD.INC-GUAR.LOAN 77500 77500 77500 77500 102300 102300 102300 102300
Ballard County, KY
VERY LOW INCOME 18800 21450 24150 26800 28950 31100 33250 35400
LOW INCOME 30050 34300 38600 42900 46350 49750 53200 56650
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Barren County, KY
VERY LOW INCOME 18050 20600 23200 25750 27850 29900 31950 34000
LOW INCOME 28850 32950 37100 41200 44500 47800 51100 54400
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Bath County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Bell County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Boyle County, KY
VERY LOW INCOME 19400 22150 24900 27650 29900 32100 34300 36500
LOW INCOME 31000 35400 39850 44250 47800 51350 54850 58400
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Breathitt County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Breckinridge County, KY
VERY LOW INCOME 16950 19400 21800 24200 26150 28100 30050 31950
LOW INCOME 27100 30950 34850 38700 41800 44900 48000 51100
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Butler County, KY
VERY LOW INCOME 16050 18350 20650 22900 24750 26600 28400 30250
LOW INCOME 25650 29300 33000 36650 39600 42500 45450 48400
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 112
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Caldwell County, KY
VERY LOW INCOME 18000 20550 23100 25650 27750 29800 31850 33900
LOW INCOME 28750 32850 36950 41050 44350 47600 50900 54200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Calloway County, KY
VERY LOW INCOME 20150 23000 25900 28750 31050 33350 35650 37950
LOW INCOME 32200 36800 41400 46000 49700 53350 57050 60700
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Carlisle County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Carroll County, KY
VERY LOW INCOME 19950 22800 25650 28500 30800 33100 35350 37650
LOW INCOME 31900 36500 41050 45600 49250 52900 56550 60200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Carter County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Casey County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Clay County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Clinton County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Crittenden County, KY
VERY LOW INCOME 17150 19600 22050 24450 26450 28400 30350 32300
LOW INCOME 27350 31300 35200 39100 42250 45350 48500 51600
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 113
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Cumberland County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Elliott County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Estill County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Fleming County, KY
VERY LOW INCOME 17100 19550 22000 24400 26400 28350 30300 32250
LOW INCOME 27350 31250 35150 39050 42150 45300 48400 51550
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Floyd County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Franklin County, KY
VERY LOW INCOME 23400 26750 30100 33400 36100 38750 41450 44100
LOW INCOME 37400 42750 48100 53450 57750 62000 66300 70550
MOD.INC-GUAR.LOAN 76850 76850 76850 76850 101450 101450 101450 101450
Fulton County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Garrard County, KY
VERY LOW INCOME 18700 21400 24050 26700 28850 31000 33150 35250
LOW INCOME 29900 34150 38450 42700 46100 49550 52950 56350
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Graves County, KY
VERY LOW INCOME 17100 19550 22000 24450 26400 28350 30300 32250
LOW INCOME 27350 31300 35200 39100 42250 45350 48500 51600
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 114
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Grayson County, KY
VERY LOW INCOME 16350 18650 21000 23300 25200 27050 28900 30800
LOW INCOME 26100 29850 33550 37300 40300 43250 46250 49250
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Green County, KY
VERY LOW INCOME 17200 19650 22100 24550 26550 28500 30450 32450
LOW INCOME 27500 31450 35350 39300 42450 45600 48750 51900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Harlan County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Harrison County, KY
VERY LOW INCOME 19250 22000 24750 27500 29700 31900 34100 36300
LOW INCOME 30800 35200 39600 44000 47500 51050 54550 58100
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Hart County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Hickman County, KY
VERY LOW INCOME 19450 22200 25000 27750 30000 32200 34450 36650
LOW INCOME 31100 35500 39950 44400 47950 51500 55050 58600
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Hopkins County, KY
VERY LOW INCOME 18350 21000 23600 26200 28300 30400 32500 34600
LOW INCOME 29350 33500 37700 41900 45250 48600 51950 55300
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Jackson County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Johnson County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 115
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Knott County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Knox County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Laurel County, KY
VERY LOW INCOME 16150 18450 20750 23050 24900 26750 28600 30450
LOW INCOME 25850 29500 33200 36900 39850 42800 45750 48700
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Lawrence County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Lee County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Leslie County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Letcher County, KY
VERY LOW INCOME 15900 18150 20400 22650 24500 26300 28100 29900
LOW INCOME 25400 29000 32650 36250 39150 42050 44950 47850
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Lewis County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Lincoln County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 116
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Livingston County, KY
VERY LOW INCOME 17950 20500 23050 25600 27650 29700 31750 33800
LOW INCOME 28650 32750 36850 40950 44250 47500 50800 54050
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Logan County, KY
VERY LOW INCOME 17950 20500 23050 25600 27650 29700 31750 33800
LOW INCOME 28650 32750 36850 40950 44250 47500 50800 54050
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Lyon County, KY
VERY LOW INCOME 18100 20700 23300 25850 27950 30000 32100 34150
LOW INCOME 28950 33100 37200 41350 44650 47950 51250 54600
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Madison County, KY
VERY LOW INCOME 20450 23350 26250 29150 31500 33850 36150 38500
LOW INCOME 32650 37300 42000 46650 50400 54100 57850 61600
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Magoffin County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Marion County, KY
VERY LOW INCOME 18200 20800 23400 26000 28100 30200 32250 34350
LOW INCOME 29100 33300 37450 41600 44950 48250 51600 54900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Marshall County, KY
VERY LOW INCOME 19750 22550 25350 28150 30450 32700 34950 37200
LOW INCOME 31550 36050 40550 45050 48650 52250 55850 59450
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Martin County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Mason County, KY
VERY LOW INCOME 17500 20000 22500 24950 26950 28950 30950 32950
LOW INCOME 27950 31900 35900 39900 43100 46300 49500 52650
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 117
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

McCracken County, KY
VERY LOW INCOME 21050 24050 27050 30050 32500 34900 37300 39700
LOW INCOME 33650 38500 43300 48100 51950 55800 59650 63500
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
McCreary County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Menifee County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Mercer County, KY
VERY LOW INCOME 20550 23450 26400 29300 31650 34000 36350 38700
LOW INCOME 32850 37500 42200 46900 50650 54400 58150 61900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Metcalfe County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Monroe County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Montgomery County, KY
VERY LOW INCOME 18200 20800 23400 25950 28050 30150 32200 34300
LOW INCOME 29050 33200 37350 41500 44800 48150 51450 54800
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Morgan County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Muhlenberg County, KY
VERY LOW INCOME 16000 18300 20600 22850 24700 26550 28350 30200
LOW INCOME 25600 29250 32900 36550 39450 42400 45300 48250
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 118
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Nicholas County, KY
VERY LOW INCOME 16150 18450 20750 23050 24900 26750 28600 30450
LOW INCOME 25850 29500 33200 36900 39850 42800 45750 48700
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Ohio County, KY
VERY LOW INCOME 16300 18600 20950 23250 25150 27000 28850 30700
LOW INCOME 26050 29750 33500 37200 40200 43150 46150 49100
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Owen County, KY
VERY LOW INCOME 20350 23250 26150 29050 31400 33700 36050 38350
LOW INCOME 32550 37200 41850 46500 50200 53950 57650 61400
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Owsley County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Perry County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Pike County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Powell County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Pulaski County, KY
VERY LOW INCOME 15700 17950 20200 22400 24200 26000 27800 29600
LOW INCOME 25100 28700 32250 35850 38700 41600 44450 47300
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Robertson County, KY
VERY LOW INCOME 18200 20800 23400 25950 28050 30150 32200 34300
LOW INCOME 29050 33200 37350 41500 44800 48150 51450 54800
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 119
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Rockcastle County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Rowan County, KY
VERY LOW INCOME 16550 18900 21250 23600 25500 27400 29300 31200
LOW INCOME 26450 30200 34000 37750 40750 43800 46800 49850
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Russell County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Simpson County, KY
VERY LOW INCOME 19300 22050 24800 27550 29800 32000 34200 36400
LOW INCOME 30850 35300 39700 44100 47650 51150 54700 58200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Taylor County, KY
VERY LOW INCOME 16400 18750 21100 23400 25300 27150 29050 30900
LOW INCOME 26200 29950 33700 37450 40450 43450 46450 49450
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Todd County, KY
VERY LOW INCOME 16950 19400 21800 24200 26150 28100 30050 31950
LOW INCOME 27100 30950 34850 38700 41800 44900 48000 51100
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Union County, KY
VERY LOW INCOME 19550 22350 25150 27900 30150 32400 34600 36850
LOW INCOME 31250 35700 40200 44650 48200 51800 55350 58950
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Washington County, KY
VERY LOW INCOME 18550 21200 23850 26450 28600 30700 32800 34950
LOW INCOME 29600 33850 38050 42300 45700 49050 52450 55850
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Wayne County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT
02/07/2013 SPECIAL PN RD INSTRUCTION 1980-D, EXHIBIT C PAGE 120
GUARANTEED HOUSING PROGRAM INCOME LIMITS

STATE:KENTUCKY ——————- A J U S T E D I N C O M E L I M I T S ——————

P R O G R A M 1 PERSON 2 PERSON 3 PERSON 4 PERSON 5 PERSON 6 PERSON 7 PERSON 8 PERSON*

Whitley County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Wolfe County, KY
VERY LOW INCOME 15650 17900 20150 22350 24150 25950 27750 29550
LOW INCOME 25050 28600 32200 35750 38600 41450 44350 47200
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

* ADD 8% OF 4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS
** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR 115% OF THE AVG.
OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT

Greater Louisville Association of Realtors

Nov. Stats up 15%.

Greater Louisville Association of REALTORS®

Residential Sales Statistics

Single Family Residential & Condo

Members of the Greater Louisville Association of Realtors® continued to be encouraged this Fall with November closed sales up over 15% compared to November 2011. The average price for November was up 8% compared to November 2011, and the year-to-date average and median prices were up about 3%. The average and median prices are now back to the levels of 2008 and 2007 respectively.   In Jefferson County, the 2012 year-to-date average price ticked up slightly to $168k and the median price is just under $140k. The inventory of homes and condos currently for sale is basically the same as this time last year, with just under 4000 for sale in Jefferson County and 6500 total for sale in the Louisville multiple listing system. Record low interest rates continued to fuel purchases by owner-occupant buyers and investors in November.

 

First Time Home Buyer in Kentucky Zero Down

First Time Home Buyer in Kentucky Zero Down.

via First Time Home Buyer in Kentucky Zero Down.

The Best Kind of Loan for Your Credit Score

The Best Kind of Loan for Your Credit Score.

via The Best Kind of Loan for Your Credit Score.