Kentucky Mortgage: Zero Down Kentucky Mortgages
ZERO DOWN HOME LOANS IN KENTUCKY There are a few programs that feature zero down payment in Kentucky For Home buyers: USDA and VA. USDA is typically for rural areas, and VA is for military veterans. Lastly Kentucky Housing with the Down Payment Assistance Program of $6,000 and the $5000 Welcome Home Grant. I’ve included some info on each for you on your home journey to buy a home in Kentucky! USDA Loans USDA loans are backed through the Rural Housing Division of the U.S. Dept. of Agriculture. They are available to millions of eligible primary home buyers with low to moderate incomes or scarce funds for down payments. Features, benefits and things you need to know: Zero Down - No down payment is required for USDA loans. Thirty-year, fixed-rate loans with no pre-payment penalty are the norm. Rates are very competitive with conventional loans. Eligible Property - These loans are limited to "rural" areas, though you might be surprised by some of the suburbs of major metropolita...