USDA Loans in Kentucky

When you are looking for a home in rural Kentucky, you are going to want to look into a special government-backed loan called a USDA mortgage. This type of home loan lets you purchase a home with zero down payment.

What is a USDA Mortgage?

USDA mortgages are home loans that are guaranteed by the US Department of Agriculture (USDA).

This backing by the USDA makes your mortgage less risky. You can qualify for a more competitive home loan through this program than you might otherwise.

Benefits of Kentucky USDA Mortgages

• You can move into a home without waiting since you will have no down payment requirement.
• You can qualify for affordable rates without a perfect credit score.
• Even though USDA mortgages include an insurance requirement, you will find it affordable compared to what you would pay for insurance if you had a different loan type.

Do You Qualify for a USDA Mortgage in KY?

• Income: Your household’s income must not exceed 115% of the median household income for your area.
• Location: The home you are buying must be in a “rural” zone according to the definitions of the USDA.

How do you know if you are trying to buy a home in a “rural” area? You can look up this information through the USDA or we can look it up for you.

Even if you are not trying to buy a home in an area that you consider rural, do not assume it is out of the running. The USDA’s definition of rural is broader than you might guess.

Apply for a USDA Loan in Kentucky or Beyond

Find out today if you qualify for a USDA mortgage. Please give us a call at (502) 657-4299 to schedule your consultation. We can help you buy a home with a USDA loan in Kentucky, Tennessee, Indiana and Florida.