Kentucky Rural Housing Mortgage Loans Require No Money Down


 

100% Financing, No Money to closing Fast Approval, Low Fixed Payment USDA Loans

Kentucky Rural Housing Mortgage Loans

Kentucky USDA Guaranteed Rural Housing Loans
 
Did you know that home buyers can still get a mortgage with no money down, even with less than perfect credit? The Kentucky Guaranteed Rural Housing Loan Program offers these options in a wide range of areas, including many suburbs.

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.

 

 
Joel Lobb 
Senior  Loan Officer

(NMLS#57916)
 
American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223

 phone: (502) 905-3708
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346

 

 

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2 thoughts on “Kentucky Rural Housing Mortgage Loans Require No Money Down

  1. Pingback: Kentucky Rural Housing Mortgage Loans Require No Money Down | Kentucky USDA Rural Housing Mortgage Loans

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