Kentucky FHA Mortgage Loans vs Kentucky USDA Rural Housing Loans Compared

Here are the important points about Kentucky USDA Rural Housing Loans: USDA loan are only available in certain counties of Kentucky. There are two types of USDA loans available: Direct and Guaranteed.  100% financing. No down payment  USDA will go down to a no score and uses and  automated underwriting pre-approval system called GUS-Guarantee Underwriting … Continue reading Kentucky FHA Mortgage Loans vs Kentucky USDA Rural Housing Loans Compared

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?