Kentucky Rural HousingRHS Loans

Kentucky Rural Housing  RHS Loans 

RHS

  • Guaranteed by Rural Housing Services (RHS).
  • Home must be located in a rural area as defined by RHS.
  • No down payment if the property appraises for the sale price or greater.
  • Minimum credit score of 640.

Guidelines

  • Must be a first time home buyer, unless property is located in a targeted county.
  • Interest rate fixed at 2.875 percent.
  • Gross Annual Household Income guidelines:
    • $35,000 for all household sizes.
  • All household occupants (18 years and older) with income must be included on loan and be credit ready.
  • Must use all but two months’ reserves of borrower’s own funds.
  • Existing or new construction property with a purchase price limit of $115,000
  • Zero Point Rate
  • Only FHA, VA and RHS – 640 credit score and AUS Approval
  • 60-Day Lock
  • Neighborhood, Regular, and HOME DAP loan programs available.

Applying for a Kentucky Housing loan is easy. Just contact one of our approved lenders near you and ask for a Kentucky Housing loan.

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*

Louisville Kentucky mortgage rates

Due to Volatility in the current mortgage market, mortgage rates are currently not being posted.


Please call for a mortgage rate quote. 

 
 
Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916
 
American Mortgage Solutions, Inc.
 
Text/call:      502-905-3708
fax:            502-327-9119
email:
          kentuckyloan@gmail.com
 

 
 
 
 
                                                               

                                                     

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.

October 2012 Kentucky USDA and Rural Housing Loans Changes for Property Eligibility Locations in Kentucky.

October 2012 Kentucky USDA and Rural Housing  Loans Changes for Property Eligibility Locations in Kentucky. 



October 1, 2012 over 900 communities across the USA will lose their eligibility for 100% USDA Rural Housing loans including cities in Kentucky that where once eligible. If you know of buyers looking in these communities they need to act now. They should probably be under contract by end of August to be safe. There is no indication this expiration will be delayed. See the cities below that will be no longer eligible come 10/1/2012 for a Rural Housing USDA Loan in Kentucky 




 Bardstown,  KY, Nelson County  
 Burlington, KY,   Boone County  
 Elizabethtown, KY,   Hardin County 
 Georgetown, KY,  Scott County 
 Independence, KY,   Kenton  County 
 Nicholasville , KY, Jessamine County
 Shelbyville, KY , Shelby County
 Shepherdsville. KY , Bullitt County 




To see an eligible Kentucky Map for Kentucky USDA Mortgage Loans for Rural Housing Mortgages in Kentucky  Please clink the following link below:

https://kentuckyusdaloan.com/ 

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*

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