Kentucky Max Conforming loan limits are higher in 2020
The limits on what are known as conforming loans have been raised for 2020 by the Federal Housing
New limit (2020) $510,400- The old limit was $484,350 Old limit (2019)
FHA Loan Limits for Single-Family Homes in 2020 New limit (2020) In most U.S. counties is
$331,760. The Old limit (2019) was $314,827
Kentucky FHA loan limits also are higher in 2020
$331,760. The Old limit (2019) was $314,827
Kentucky VA loan limits in 2020
VA loans have gotten even better in 2020, because there's no longer a cap on the amount that can be borrowed with no money down.
At the start of the year, limits were eliminated that last year narrowed the no-down-payment offer in most parts of the U.S. to mortgages no higher than $484,350.
But borrowers still have to pay the dreaded VA loan funding fee — up to 3.6% of the loan amount, which can be paid in cash at closing or rolled into the loan amount.
For most people, there's no getting around it.
