Category Archives: Current USDA and RHS Guidelines

100% Financing for Rural Home Loans in Kentucky

100% Financing for Rural Home Loans in Kentucky      100% financing, no down payment is required for the Rural Development Guarantee 502 Program in Ky. 30 Fixed 30 Year Rates only. Qualifying ratios are 29% for housing costs and … Continue reading

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Kentucky USDA Rural Development Guarantee Fee Increasing on October 2014

    Kentucky Rural Housing USDA Loans will increase the annual guarantee fee from 0.4% to 0.5% of the unpaid principal balance for loans obligated on or after October 1, 2014. The upfront fee will remain at 2.0%. –  Joel Lobb (NMLS#57916)Senior  Loan … Continue reading

Posted in 502 Guaranteed Loan, annual mi fee, Current USDA and RHS Guidelines, Guaranteed Section 502 Loans, Rural Development loan, USDA, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS | Tagged , , , , | 1 Comment

Income Requirements for A Kentucky Rural Housing Loan Approval.

Income Eligibility: Income from all occupants of the household must be included as qualifying income regardless of whether or not they are obligated on the note. Income eligibility can be determined from the following USDA web site. Final eligibility must … Continue reading

Posted in 2014 INCOME LIMITS FOR USDA KY LOANS, 502 Guaranteed Loan, bank statements, Current USDA and RHS Guidelines, Debt Ratio and Deferred Student Loans, debt ratios, Guaranteed Section 502 Loans, GUS Accept Findings USDA, Homes for Sale (Foreclosures owned by USDA/RHS KY, INCOME ELIGIBILITY, kentucky first time home buyer, Rural Development loan, USDA /Rural Housing Loan Offices in Ky, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS | Tagged , , , , , , , , | 1 Comment

How do Students Loans affect a Kentucky Rural Housing Mortgage Loan Approval?

Kentucky USDA Rural Housing Guidelines for Student Loans:   Kentucky Student loans that are currently in repayment must have documentation to verify the current payment due (e.g. letter from a loan servicer, online account verifications, or other official written documentation). … Continue reading

Posted in 100% Financing Zero Down, 2014 INCOME LIMITS FOR USDA KY LOANS, 2014 Property Eligibility Map for KY USDA Loans, Current USDA and RHS Guidelines, Debt Ratio and Deferred Student Loans, debt ratios, Guaranteed Section 502 Loans, GUS Accept Findings USDA, Homes for Sale (Foreclosures owned by USDA/RHS KY, Homes for Sale in Kentucky by USDA, kentucky first time home buyer, Property Eligibility Cities, Refinance Pilot Program Streamline, Rural Development loan, Self-employed USDA Loans, USDA, USDA /Rural Housing Loan Offices in Ky, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS, USDA/RHS Income limits by Ky Counties, Zero Down Home Loans | Tagged , , , , , , , , | 1 Comment

Kentucky USDA Rural Home Loans : 100% Financing

Originally posted on Mortgage News:
For home buyers today, there are two mortgage programs which offer 100% financing. The first is the VA loan from the Department of Veterans Affairs. It’s available to most active military personnel and veterans nationwide.…

Posted in 100% Financing Zero Down, 2014 INCOME LIMITS FOR USDA KY LOANS, 2014 Property Eligibility Map for KY USDA Loans, Bullitt County KY, Current USDA and RHS Guidelines, Debt Ratio and Deferred Student Loans, Direct Loan USDA, Homes for Sale (Foreclosures owned by USDA/RHS KY, INCOME ELIGIBILITY, kentucky first time home buyer, Rural Development loan, Self-employed USDA Loans, Swimming Pools for USDA Loans, USDA, USDA /Rural Housing Loan Offices in Ky, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS, USDA/RHS Income limits by Ky Counties, Zero Down Home Loans | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Kentucky USDA Loans | Rural Housing Loans Kentucky

Kentucky USDA Loans | Rural Housing Loans Kentucky. via Kentucky USDA Loans | Rural Housing Loans Kentucky.

Posted in 2014 INCOME LIMITS FOR USDA KY LOANS, 2014 Property Eligibility Map for KY USDA Loans, 502 Guaranteed Loan, Current USDA and RHS Guidelines, Debt Ratio and Deferred Student Loans, Direct Loan USDA, DIRECT LOANS, Guaranteed Section 502 Loans, GUS Accept Findings USDA, Homes for Sale in Kentucky by USDA, kentucky first time home buyer, MAPS, Property Eligibility Cities, Property Eligilibity, Property/Appraisal Requirements for USDA Loan, Refinance Pilot Program Streamline, Rural Development loan, Self-employed USDA Loans, SFH Direct property, Student Loans, Subsidy Recapture, Swimming Pools for USDA Loans, USDA, USDA /Rural Housing Loan Offices in Ky, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS, USDA/RHS Income limits by Ky Counties, Zero Down Home Loans | Tagged , , , , , , , , , , , , , , , | Leave a comment

Groups Oppose Rural Development Cuts

Groups Oppose Rural Development Cuts. Chairman of the House Appropriations Committee, Rep. Hal Rogers (R-KY), have voiced similar concerns about the president’s budget. At a committee hearing earlier this month, Rogers claimed the proposed reductions demonstrate USDA’s “lack of respect … Continue reading

Posted in 100% Financing Zero Down, 40 year term loan, 502 Guaranteed Loan, Current USDA and RHS Guidelines, Direct Loan USDA, DIRECT LOANS, Payment Shock, PAYOFFS, Property/Appraisal Requirements for USDA Loan, Refinance Pilot Program Streamline, Rural Development loan, USDA, USDA /Rural Housing Loan Offices in Ky, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS | Tagged , , , , , , , , , , , , | 1 Comment