Kentucky USDA/ RURAL LENDING
No Down Payment to Qualified Borrowers
No Monthly Mortgage Insurance
Seller can pay UNLIMITED toward closing costs and prepaids!
LOW, LOW 30-Yr. Fixed Rates –
No Cash Reserve Requirements
Must Purchase in an Eligible Rural Area*
*Eligible Rural Areas by County (List NOT inclusive). Contact for Individual Eligible Areas.
NO down payment, NO monthly PMI, the seller is allowed to pay allreasonable closing cost and prepaids, and
NO hit to the rate for the zero down, NOT a first time home buyer program and No
reserves needed, what would you think? If I told you also that this particular mortgage also has a unique feature that all
reasonable closing cost and prepaids can be rolled into the mortgage without the seller actually “paying” the cost (as long as the
house appraises for the increased loan amount)?