Northern Kentucky for the USDA Rural Housing Loan Home Program

If you are looking to buy a home in Northern Kentucky,  to either own a home on acreage in the country with 100% financing on your home loan with zero down,  then you need to look at the Kentucky USDA Rural Housing Loan Program.

 How Does the USDA Home Loan Work in Northern Kentucky?

Here are some of the Key Financial Elements of the USDA Home Loan in Northern Kentucky:

• Low to Middle-Income Households are generally eligible – If the Household Income is too high, you may be ineligible.
• 30 Year Fixed Term Loans at Today’s Low Interest Rates compared to FHA, USDA and other government mortgage loans
• Qualifying rations are 29% for Housing and 41% for total debt. or possibly higher with a credit score over 640.
• Rural Development Loan Guarantee Fee applies, currently 1% USDA funding fee and .35% monthly mi premium
• Zero Cash required for the Down…