502 Guaranteed LoanAppraisalsGuaranteed Section 502 LoansHomes for Sale (Foreclosures owned by USDA/RHS KYHomes for Sale in Kentucky by USDAkentucky first time home buyerProperty EligilibityProperty/Appraisal Requirements for USDA LoanRural Development loanseptic testUSDAwell test
eligible Kentucky Map for Kentucky USDA Mortgage Loans for Rural Housing Mortgages in Kentucky
Sites must be modest and developed in accordance with any standards imposed by a State or local government. Therefore, the lender must verify that the following requirements are met at the time of application.
- Site size The site size must be typical for the area. (Some acreage is fine as long as it is normal and the appraisal has comparable sales with similar acreage)
- Income-Producing Buildings. The property must not include buildings designed and to be used principally for income-producing purposes. For example barns, silos, greenhouses, or livestock facilities used primarily for income producing agricultural, farming or commercial enterprise are ineligible. However, barn, silos, livestock facilities or greenhouses no longer in use for a commercial operation, used for storage, and outbuildings such as storage sheds are permitted if they are not used…
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