Credit Score Requirements for FHA, VA, USDA Loans

USDA loans USDA mortgages are home loans backed by the U.S. Department of Agriculture. They are available to low- to moderate-income borrowers looking to buy a home in a rural area. That said, the definition of "rural" doesn’t necessarily mean out in the middle of nowhere. As you can see on this map, many towns and … Continue reading Credit Score Requirements for FHA, VA, USDA Loans

What are the Requirements to Get an FHA Loan in Kentucky?

Kentucky FHA Lender has the same lending requirements and guidelines. Many Kentucky homebuyers will be told they do not qualify for an FHA loan. This can be due to one reason or many other reasons. HUD allows Kentucky homebuyers with a 580 credit score to qualify for a 3.5% down payment FHA loan. However, borrowers … Continue reading What are the Requirements to Get an FHA Loan in Kentucky?