Rural Housing and USDA Loans in Kentucky

Rural Housing and USDA Loans in Kentucky

When searching for home loan options in the Kentucky , you do not want to overlook the possibility of a USDA and Rural  Home Loans . Designed to help encourage economic growth throughout the state of Kentucky, a USDA Loan is a great alternative to a traditional home loan. With no down payment required andflexible credit guidelines, a government backed USDA Loan can help your dream of homeownership become a reality in Kentucky.

  • 100% Financing Up to the Appraised Value
  • New and Existing Homes are Eligible
  • No Maximum Loan Amount
  • Low Fixed Interest Rates
  • Minimum 640 score and 3 years removed from Bankruptcy and Foreclousre
  • Maximum Income Limits Per Kentucky Household
  • Low mortgage insurance on USDA loans in Kentucky
  • Seller can pay all closing costs and prepaids
  • No Termite report or Home Inspection Needed
  • Low 30 year fixed Rates on Kentucky Home Loans

Kentucky Areas that Qualify for a USDA Loan

While USDA Loans are limited to rural areas, you will probably be surprised at the selection of qualifying areas. Rural does not have to mean farm country, and so a number of areas that that are located right next to major cities do qualify.
In general terms, eligible USDA homes are limited to areas that are not within city limits and have less than 20,000 residents. However, you should never assume that your Kentucky home does not qualify. Even if the property you are considering is close to Lexington or Louisville, it may still qualify. So seek out the guidance of the USDA Loan Agency. Fill out the Application on this page, or call one of our certified USDA loan agents at1-502=905=3708 or email kentuckyloan@gmail.com and find out if you’re eligible.

Kentucky’s USDA Loan Income Limits by County

Some of the eligibility restrictions that determine if you qualify for a USDA include the county and zip code the home resides in, as well as, your past credit history and number of dependents.

In addition, because they are designed for families with moderate to lower incomes, the income of homebuyers looking into a Kentucky USDA Home Loan cannot exceed their county’s set limit:

Kentucky USDA Loan Adjusted Maximum Income Limits by County
Updated 05/01/2009

County Name    

1-4 Person Households
(Guaranteed Loans)

5-8 Person Households 
(Guaranteed Loans)

NON-METRO

ADAIR

$73,600

$97,150

NON-METRO

ALLEN

$73,600

$97,150

FRANKFORT, KY (MICRO)

ANDERSON

$73,600

$97,150

PADUCAH, KY-IL (MICRO)

BALLARD

$73,600

$97,150

GLASGOW, KY (MICRO)

BARREN

$73,600

$97,150

MOUNT STERLING, KY (MICRO)

BATH

$73,600

$97,150

MIDDLESBOROUGH, KY (MICRO)

BELL

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

BOONE

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

BOURBON

$73,600

$97,150

HUNTINGTON-ASHLAND, WV-KY-OH (MSA)

BOYD

$73,600

$97,150

DANVILLE, KY (MICRO)

BOYLE

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

BRACKEN

$73,600

$97,150

NON-METRO

BREATHITT

$73,600

$97,150

NON-METRO

BRECKINRIDGE

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

BULLITT

$73,600

$97,150

NON-METRO

BUTLER

$73,600

$97,150

NON-METRO

CALDWELL

$73,600

$97,150

MURRAY, KY (MICRO)

CALLOWAY

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

CAMPBELL

$73,600

$97,150

NON-METRO

CARLISLE

$73,600

$97,150

NON-METRO

CARROLL

$73,600

$97,150

NON-METRO

CARTER

$73,600

$97,150

NON-METRO

CASEY

$73,600

$97,150

CLARKSVILLE, TN-KY (MSA)

CHRISTIAN

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

CLARK

$73,600

$97,150

NON-METRO

CLAY

$73,600

$97,150

NON-METRO

CLINTON

$73,600

$97,150

NON-METRO

CRITTENDEN

$73,600

$97,150

NON-METRO

CUMBERLAND

$73,600

$97,150

OWENSBORO, KY (MSA)

DAVIESS

$73,600

$97,150

BOWLING GREEN, KY (MSA)

EDMONSON

$73,600

$97,150

NON-METRO

ELLIOTT

$73,600

$97,150

NON-METRO

ESTILL

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

FAYETTE

$73,600

$97,150

NON-METRO

FLEMING

$73,600

$97,150

NON-METRO

FLOYD

$73,600

$97,150

FRANKFORT, KY (MICRO)

FRANKLIN

$73,600

$97,150

UNION CITY, TN-KY (MICRO)

FULTON

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

GALLATIN

$73,600

$97,150

NON-METRO

GARRARD

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

GRANT

$73,600

$97,150

MAYFIELD, KY (MICRO)

GRAVES

$73,600

$97,150

NON-METRO

GRAYSON

$73,600

$97,150

NON-METRO

GREEN

$73,600

$97,150

HUNTINGTON-ASHLAND, WV-KY-OH (MSA)

GREENUP

$73,600

$97,150

OWENSBORO, KY (MSA)

HANCOCK

$73,600

$97,150

ELIZABETHTOWN, KY (MSA)

HARDIN

$73,600

$97,150

NON-METRO

HARLAN

$73,600

$97,150

NON-METRO

HARRISON

$73,600

$97,150

NON-METRO

HART

$73,600

$97,150

EVANSVILLE, IN-KY (MSA)

HENDERSON

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

HENRY

$73,600

$97,150

NON-METRO

HICKMAN

$73,600

$97,150

MADISONVILLE, KY (MICRO)

HOPKINS

$73,600

$97,150

NON-METRO

JACKSON

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

JEFFERSON

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

JESSAMINE

$73,600

$97,150

NON-METRO

JOHNSON

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

KENTON

$73,600

$97,150

NON-METRO

KNOTT

$73,600

$97,150

NON-METRO

KNOX

$73,600

$97,150

ELIZABETHTOWN, KY (MSA)

LARUE

$73,600

$97,150

LONDON, KY (MICRO)

LAUREL

$73,600

$97,150

NON-METRO

LAWRENCE

$73,600

$97,150

NON-METRO

LEE

$73,600

$97,150

NON-METRO

LESLIE

$73,600

$97,150

NON-METRO

LETCHER

$73,600

$97,150

MAYSVILLE, KY (MICRO)

LEWIS

$73,600

$97,150

DANVILLE, KY (MICRO)

LINCOLN

$73,600

$97,150

PADUCAH, KY-IL (MICRO)

LIVINGSTON

$73,600

$97,150

NON-METRO

LOGAN

$73,600

$97,150

NON-METRO

LYON

$73,600

$97,150

RICHMOND-BEREA, KY (MICRO)

MADISON

$73,600

$97,150

NON-METRO

MAGOFFIN

$73,600

$97,150

NON-METRO

MARION

$73,600

$97,150

NON-METRO

MARSHALL

$73,600

$97,150

NON-METRO

MARTIN

$73,600

$97,150

MAYSVILLE, KY (MICRO)

MASON

$73,600

$97,150

PADUCAH, KY-IL (MICRO)

MCCRACKEN

$73,600

$97,150

NON-METRO

MCCREARY

$73,600

$97,150

OWENSBORO, KY (MSA)

MCLEAN

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

MEADE

$73,600

$97,150

MOUNT STERLING, KY (MICRO)

MENIFEE

$73,600

$97,150

NON-METRO

MERCER

$73,600

$97,150

GLASGOW, KY (MICRO)

METCALFE

$73,600

$97,150

NON-METRO

MONROE

$73,600

$97,150

MOUNT STERLING, KY (MICRO)

MONTGOMERY

$73,600

$97,150

NON-METRO

MORGAN

$73,600

$97,150

CENTRAL CITY, KY (MICRO)

MUHLENBERG

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

NELSON

$73,600

$97,150

NON-METRO

NICHOLAS

$73,600

$97,150

NON-METRO

OHIO

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

OLDHAM

$73,600

$97,150

NON-METRO

OWEN

$73,600

$97,150

NON-METRO

OWSLEY

$73,600

$97,150

CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)

PENDLETON

$73,600

$97,150

NON-METRO

PERRY

$73,600

$97,150

NON-METRO

PIKE

$73,600

$97,150

NON-METRO

POWELL

$73,600

$97,150

SOMERSET, KY (MICRO)

PULASKI

$73,600

$97,150

NON-METRO

ROBERTSON

$73,600

$97,150

RICHMOND-BEREA, KY (MICRO)

ROCKCASTLE

$73,600

$97,150

NON-METRO

ROWAN

$73,600

$97,150

NON-METRO

RUSSELL

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

SCOTT

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

SHELBY

$73,600

$97,150

NON-METRO

SIMPSON

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

SPENCER

$73,600

$97,150

CAMPBELLSVILLE, KY (MICRO)

TAYLOR

$73,600

$97,150

NON-METRO

TODD

$73,600

$97,150

CLARKSVILLE, TN-KY (MSA)

TRIGG

$73,600

$97,150

LOUISVILLE-JEFFERON COUNTY, KY-IN (MSA)

TRIMBLE

$73,600

$97,150

NON-METRO

UNION

$73,600

$97,150

BOWLING GREEN, KY (MSA)

WARREN

$73,600

$97,150

NON-METRO

WASHINGTON

$73,600

$97,150

NON-METRO

WAYNE

$73,600

$97,150

EVANSVILLE, IN-KY (MSA)

WEBSTER

$73,600

$97,150

CORBIN, KY (MICRO)

WHITLEY

$73,600

$97,150

NON-METRO

WOLFE

$73,600

$97,150

LEXINGTON-FAYETTE, KY (MSA)

WOODFORD

$73,600

$97,150

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.comKey Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*

About Louisville Kentucky Mortgage

I have helped over 589 Kentucky families buy or refinance their home over the last 18 years. Realizing that this is one of the biggest, most important financial transactions a family makes during their lifetime, I always feel honored and respected when I am chosen to originate their personal home loan. You can count on me to deliver on what I say, and I will always give you honest, up-front personal attention you deserve during the loan process. I have several advantages over the large banks in town. First, I can search and negotiate for your loan options through several different mortgage companies across the country to get you the best deal locally. Where most banks will offer offer you their one set of loan products. I have access to over 10 different mortgage companies to broker your loan through to get you the best pricing and loan products that may not fit into the bank's program due to credit, income, or other underwriting issues. You will not get lost in the shuffle like most borrowers do at the mega banks; you're just not a number at our company, you are a person and we will treat you like one throughout the entire process. Give us a try or let us compare your options on your next mortgage transaction. Call me locally at 502-905-3708. Free Mortgage Pre-Qualifications same day on most applications. Email me at kentuckyloan@gmail.com with your questions I specialize in Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer with little money down, we offer Kentucky Housing or KHC loans with down payment assistance. This website is not an government agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. NMLS# 57916 http://www.nmlsconsumeraccess.org/ 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 kentuckyloan@gmail.com Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com Equal Housing Lender
This entry was posted in 100% Financing Zero Down, Current USDA and RHS Guidelines, USDA, USDA /Rural Housing Loan Offices in Ky, USDA/RHS Income limits by Ky Counties, Zero Down Home Loans and tagged , , , , , , , , , , , . Bookmark the permalink.

13 Responses to Rural Housing and USDA Loans in Kentucky

  1. NMLS# 57916
    Kentuckyloan@gmail.com
    Free Application available anytime.
    Call 502-905-3708 for your next Kentucky Rural Housing Loan

  2. Pingback: >KENTUCKY USDA, RURAL DEVELOPMENT GUIDELINES 2011 | Louisville Ky Mortgage Rates

  3. Pingback: Rural Housing and USDA Loans in Kentucky « Debt Consolidation Louisville

  4. Pingback: Timing is on Your Side to Buy or Sell Louisville Real Estate « Debt Consolidation Louisville

  5. Pingback: Mortgage Rates Kentucky « Kentucky First Time Home Buyer Mortgage Loan

  6. Pingback: MORTGAGE LOAN PAYOFFS FOR USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS IN KENTUCKY | Kentucky USDA RHS Rural Housing Mortgage Loans

  7. Jk says:

    Good rates

    • Durrance coasting in JAGA Match Play
      Ocala native has won three matches with ease to reach semifinals
      Posted: June 2, 2012 – 7:54pm | Updated: June 2, 2012 – 8:07pm
      Jacksonville Area Golf Association

      Match Play Championship

      At Eagle Landing Golf Club

      Saturday
      Quarterfinals
      Eric Graybeal d. Jarred Garcia 2 and 1; Tom Gross d. Matthew Salane 2 and 1; Joel Durrance d. Mike Vallencourt 2 and 2; John Lobb d. Jamey Salmon 19 holes.

      Second round
      Eric Graybeal d. Ted Smith 1-up; Jarred Garcia d. Alan Henderson 1-up; Matthew Salane d. Nate Mosby 3 and 1; Tom Gross d. Paul Demyanovich 2-up; Mike Vallencourt d. Greg Carrier 3 and 2; Joel Durrance d. Evan Berlin 4 and 3; Jamey Salmon d. Duke Butler IV 5 and 4;
      John Lobb d. Ken Moody 5 and 4.

      Sunday
      Semifinals, 9 a.m.

      Championship, consolation, 2 p.m.

      Related coverage
      Read Garry Smits’ golf blog
      Up-to-date 2012 area golf calendar
      More Jacksonville.com golf coverage

      Garry Smits
      gsmitter
      gsmitter Joel Durrance romping through JAGA Match Play: jacksonville.com/sports/golf/20…
      about 1 hour ago · reply · retweet · favorite
      gsmitter Semifinals are 9 a.m. Championship match at 2, at Eagle Landing.
      about 1 hour ago · reply · retweet · favorite
      gsmitter Semifinals of Jacksonville Area Golf Association Match Play at Eagle Landing set: John Lobb vs. Joel Durrance; Eric Graybel vs. Tom Gross.
      about 1 hour ago · reply · retweet · favorite
      gsmitter Salmon just misses for bogey. Lobb has 2 putts to win. 2-putts to advance.
      about 1 hour ago · reply · retweet · favorite

      Join the conversation

      By Garry Smits
      Watching Bubba Watson win the Masters with his homemade swing and distaste for teachers, simulators and swing monitors was an uplifting experience for Joel Durrance.

      “I really think a lot of guys are going to realize that their swings are individual and best for them,” said Durrance, an Ocala native who has run roughshod through his draw of the Jacksonville Area Golf Association Match Play Championship, at the Eagle Landing Golf Club. “Bubba proved that. It’s the way I want to play golf and the way I’m comfortable. A lot more guys might starting feeling the same way.”

      Durrance, who played college golf at Flagler and is honing his game on the amateur level this summer in preparation for a possible run through the PGA Tour qualifying process, won two matches Saturday to advance to the semifinals.

      Durrance defeated Evan Berlin 4 and 3 and Mike Vallencourt 3 and 2, and will face John Lobb at 9 this morning in one semifinal match.

      Lobb beat Ken Moody 5 and 4, then outlasted Jacksonville University player Jamey Salmon in 19 holes in the afternoon.

      Defending champion Eric Graybeal and Tom Gross will meet in the other semifinal. Graybeal edged Ted Smith 1-up and Jarred Garcia 2 and 1; while Gross defeated Paul Demyanovich 2-up and Matthew Salane 2 and 1.

      The championship match will be 2 p.m.

      The only drawback for Durrance so far this week is that he has no idea how the 17th and 18th holes are playing. He won his opening-round match 5 and 4 over C.W. Taylor and has reached the semifinals playing only 45 holes, while Lobb has played 47, Graybeal 52 and Gross 53.

      Durrance is the only one of the four semifinalists who hasn’t yet had a match reach the 18th hole.

      Durrance also is on a bit of a roll. He’s already won two amateur events in Ocala and plans to play U.S. Amateur and U.S. Public Links qualifiers this month. He said he’s re-dedicated himself to golf after admitting he may have coasted at times at Flagler.

      “I didn’t have the best work ethic,” he said. “But I’ve been playing a lot back in Ocala and I realize I have a lot of work to do if I want to do anything at the professional level.”

      Durrance is part of a growing cadre of young guns from Ocala that include mini-tour player Tyler Hawk and PGA Tour member Ted Potter Junior.

      “We’ve got a lot of good players down there,” he said.

      And Durrance is determined to prove that his approach — playing golf rather than empyting one bucket after another on the range and stressing over multiple swing thoughts — is the best approach.

      “It works for me,” he said. “I’m not one to hit balls for hours on the range. I’d rather play for hours. You get different looks and different lies on the course. I don’t want 17 things in my head when I’m over the ball. I think keeping things simple is the best and Bubba Watson is proving
      that it works every time he plays golf.”

      Read more at Jacksonville.com: http://jacksonville.com/sports/golf/2012-06-02/story/durrance-coasting-jaga-match-play#ixzz1wgmeeb2H

  8. Pingback: Kentucky USDA Rural Development Mortgage | Kentucky USDA RHS Rural Housing Mortgage Loans

  9. Pingback: No Down Payment Product for Rural Buyers – USDA Loans « Kentucky First Time Home Buyer Mortgage Loan

  10. Pingback: Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Louisville Ky First Time Home Buyer Loan « Debt Consolidation Louisville

  11. Pingback: Jefferson County Kentucky Fannie Mae Homepath Homes for Sales in Louisville Kentucky « Kentucky First Time Home Buyer Mortgage Loan

  12. Pingback: Kentucky USDA Rural Development Mortgage | Kentucky USDA RHS Rural Housing Mortgage Loans

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s