2018 Kentucky USDA Rural Housing Income and Loan Limits
Kentucky USDA Income Limits for 2018 Changed to Higher Limits
June 13, 2018
Kentucky USDA Income Limits Increased for most areas for 2018
USDA Loans: Low Rates With No Down Payment
Kentucky USDA Loans are mortgage loans which are backed and guaranteed by the United States Department of Agriculture. These loans are sometimes known as Rural Housing Loans or “Section 502” loans, which are named for it’s place in the USDA Charter.
USDA loans are extremely popular by both first-time homebuyers and even previous homeowners due to their low, competitive interest rates but also there is no need for a down payment.
USDA loans also offer lower monthly mortgage insurance premiums (MIP) than some of it’s popular counterparts, FHA and Conventional loans.
2018 USDA Loan Income Limits
For the SFGLP, the 2018 income limits were updated on June 13, 2018. Most counties saw…
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