Kentucky Rural Housing Mortgage Loans Require No Money Down

This loan program is offered through the Kentucky Rural Housing Service, an agency of the U.S. Department of Agriculture and designed to assist low and moderate-income residents by providing better access to affordable housing finance options including little or no out-of-pocket costs in eligible areas.

• To see if your market area falls in a designated Kentucky USDA Rural area, visit:http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
• Available to low- and moderate-income borrowers whose adjusted income is equal to or less than 115% of the area median income
• Owner-occupied single family non-farm residences, approved condos and PUDs
• New construction properties are eligible
• Home buyers can finance up to 100% of the market appraised value, including all recurring and non-recurring closing costs, in some circumstances Loan amounts as high as $417,000 in the continental U.S. Higher in Alaska and Hawaii.
• Credit scores as low as 620 No asset or reserve requirements. Gift funds are allowed

Call me today to learn more about this program.

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