Kentucky USDA Rural Development Loan Program:

The following is a list of the “nuts and bolts” of the Kentucky USDA Rural Development Loan Program:

• The house has to be located in a Kentucky USDA Rural Development Loan Program: area designated as an USDA eligible area.
• To determine the USDA approved designated areas, reference the following USDA map instructions:
  • Go the USDA Rural Development Website
  • On the top left hand side, click “Single Family Housing Guaranteed”
  • Click “Accept”
  • Enter the property address to determine if a specific house or general area is located in an USDA eligible area
• The household income must be moderate as determined by USDA. The USDA Loan evaluates household income, which includes the combined income of all adults living in the household; even if they are not on the mortgage loan. Click here to determine your household income eligibility.
• If it appears that the household income exceeds the moderate income thresholds established by USDA, do…