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

First-Time Homebuyers Kentucky Mortgage Offerings to consider

https://kyfirsttimehomebuyer.wordpress.com/2024/03/23/first-time-homebuyers-kentucky-mortgage-offerings-to-consider/?page_id=7657 Here is a comparison chart outlining different loan programs for Kentucky first-time homebuyers in 2024: Loan Program FHA Loan VA Loan USDA Loan Conventional Loan Minimum Down Payment 3.5% 0% 0% 3% - 5% Credit Score Required 500-579 with 10% down Typically 620+ Typically 640+ Typically 620+ Mortgage Insurance Required Not required Required Required … Continue reading First-Time Homebuyers Kentucky Mortgage Offerings to consider