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…