USDA Zero Down Loans for Kentucky Home Buyers
What is a USDA loan?
A USDA home loan is a zero-down payment mortgage for eligible rural buyers. The U.S Department of Agriculture offers this low-interest rate, a government-backed program that makes it easier than ever before possible to buy your dream property in the country without even putting up any cash at all.
Who is eligible?
A number of factors are considered when determining an applicant's eligibility for Single Family Direct Home Loans. At a minimum, you must have an adjusted income that is at or below the applicable low-income limit and demonstrate willingness/ability to repay your debt on time each month!
Applicants must:
Be without decent, safe, and sanitary housing
Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet
Agree to occupy the property as your primary residence
Have the legal capacity to incur a loan obligation
Meet citizenship or eligible noncitizen requirements
Not be suspended or debarred from participation in federal programs
Properties financed with direct loan funds must:
Generally, be 2,000 square feet or less
Not have market value in excess of the applicable area loan limit
Not have in-ground swimming pools
Not be designed for income-producing activities
Where Do I start?
You’ve come to the right place. We have a lender who specializes in USDA loans and helps anyone interested in buying in neighboring counties. Reach out to:
George Dunlap of Annie-Mac Home Mortgage. He can assist you from the start by setting up your pre-approval, the first step to buying a home.
You can start the borrower process at https://gdunlap.anniemac.enox.com/pos
Reach out to George directly at https://georgedunlap.annie-mac.com/
George Dunlap
Mortgage Loan OriginatorNMLS #: 2115932
11414 Main Street Suite 101 & 102
Louisville, KY 40243
502-305-7993
George knows that buying or refinancing a home is one of the biggest financial decisions that AnnieMac's clients will ever make That's why he works hard to ensure his team has the resources and know-how to ease borrowers through the loan process, with no detail overlooked.
He has an extensive background in all facets of mortgage lending, so he can advise his team members in any situation, from a first-time home purchase to a refinancing. His expertise includes Conventional, Jumbo, FHA, VA, USDA, and Renovation loans.
George also makes a point of keeping up with the latest financial and industry trends, as well as state and federal regulatory requirements, so he can serve as an informed advocate for his team and their clients. He makes sure his team will not only get clients a loan, but the best loan for them.