Four Different Kentucky First Time Home Buyer Loans to consider on your next home purchase:
| KY FIRST TIME HOME LOAN PROGRAM | CREDIT SCORE | HOUSEHOLD INCOME LIMITS | KENTUCKY PROPERTY ELIGIBILITY / MAX LOAN LIMITS |
|---|---|---|---|
| Kentucky USDA Rural Housing Loans $0 DOWN | 640+ for all borrowers. 2 trade lines for 12 months rated | Family Size: 1-4 $75,650 5-8 $99,850 | http://eligibility.sc.egov. No maximum loan size for Kentucky USDA Mortgage Loans |
| Kentucky FHA Loans 3.5% DOWN | 620+ for all borrowers. No trade line requirements | None | All areas eligible/// Most FHA loan limits in Kentucky Counties are set at $271,000, Louisville metro area can go up to $287,000 |
| Kentucky VA Loans $0 DOWN | 620+ for all borrowers. No trade line requirements | None | All areas eligible./// Max VA Loan amount in Kentucky is $417,000 |
| KHC with Down Payment Assistance $0 DOWN | 640+ No trade line requirements | $26,000-$127,000 depending on home size and which DAP you use: $4500 to $6000 DAP Funds | All areas eligible///Secondary Market New and Existing Homes................$283,900 MRB New and Existing Homes......................................$255,500 |
