Category Archives: Current USDA and RHS Guidelines

Kentucky USDA Rural Housing Loans Credit Requirements for a Loan in 2014

Credit Scores: If you have a credit score below 640 you will probably get referred for a manual underwrite which means the income and credit requirements are much tougher for scores below 640. We can do scores down to 620 … Continue reading

Posted in 100% Financing Zero Down, 502 Guaranteed Loan, credit reports, credit scores, Credit Waiver, Current USDA and RHS Guidelines, debt ratios, Direct Loan USDA, Foreclosures, Guaranteed Section 502 Loans, GUS Accept Findings USDA, Homes for Sale (Foreclosures owned by USDA/RHS KY, kentucky first time home buyer, rural development, Rural Development loan, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS | Tagged , , , , , , , , , | 1 Comment

KENTUCKY RURAL HOUSING CHANGES TO ANNUAL USDA GUARANTEE FEE STRUCTURE

KENTUCKY RURAL HOUSING CHANGES TO ANNUAL USDA GUARANTEE FEE STRUCTURE ANNUAL GUARANTEE FEE THROUGH 9/30/2014 EFFECTIVE 10/1/14 Purchase Transactions .40% .50% Refinance Transactions .40% .50% The new fee structure is applicable to all Conditional Commitments issued by Kentucky Rural Development … Continue reading

Posted in 100% Financing Zero Down, 2014 Property Eligibility Map for KY USDA Loans, Current USDA and RHS Guidelines, Homes for Sale (Foreclosures owned by USDA/RHS KY, USDA/RHS Income limits by Ky Counties | Tagged , , , , , , , | 2 Comments

RHS increase in Annual Fee for Kentuky Rural Development Loans October 1, 2014

RHS Increase in Annual Fee for Rural Housing Mortgage Loans in Kentucky On Wednesday, October 1, 2014, the annual fee for both purchase and refinance loans will increase from .4 percent to .5 percent. The Guaranteed Underwriting System (GUS) has … Continue reading

Posted in 100% Financing Zero Down, 2014 INCOME LIMITS FOR USDA KY LOANS, 2014 Property Eligibility Map for KY USDA Loans, 502 Guaranteed Loan, annual mi fee, Current USDA and RHS Guidelines | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Kentucky Rural Housing Mortgage Loans Require No Money Down

Kentucky Rural Housing Mortgage Loans Require No Money Down. via Kentucky Rural Housing Mortgage Loans Require No Money Down.

Posted in 502 Guaranteed Loan, Current USDA and RHS Guidelines, Direct Loan USDA, DIRECT LOANS, Guaranteed Section 502 Loans, GUS Accept Findings USDA, Homes for Sale in Kentucky by USDA, ineligible areas, Property Eligibility Cities, Property Eligilibity, Property/Appraisal Requirements for USDA Loan, Rural Development loan, Self-employed USDA Loans, USDA, USDA /Rural Housing Loan Offices in Ky, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS, Zero Down Home Loans | Tagged , , , , , , , , , , , , , | Leave a comment

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

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, 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, Refinance Pilot Program Streamline, Rural Development loan, SFH Direct property, USDA, USDA /Rural Housing Loan Offices in Ky, USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS, USDA/RHS Income limits by Ky Counties | 2 Comments

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