Kentucky FHA Loan Rates, Closing Costs & Stats

Kentucky

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Kentucky FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Kentucky averaged 6.54% for the week of 2023-09-22, compared to the national average (all FHA variants) of 7.036% for the same period.

Kentucky's average FHA mortgage closing costs are $6,102.

The average rate for the prior week (2023-09-15) was 6.39% and one month ago for the week of 2023-08-18, the average rate was 6.8%.

The average rate one year ago was 5.39%.

For refis of the same type during the week of 2023-09-22, the average rate was 5.93%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Kentucky FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kentucky level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 1,410 4.61% $7,843
UNITED WHOLESALE MORTGAGE, LLC 731 5.00% $7,846
STOCKTON MORTGAGE CORPORATION 726 5.19% $8,071
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 372 5.10% $7,604
FREEDOM MORTGAGE CORPORATION 367 4.65% $7,888
EVERETT FINANCIAL, INC. 310 5.52% $5,255
RUOFF MORTGAGE COMPANY, INC. 304 5.44% $5,556
AMERICAN MORTGAGE SERVICE COMPANY 300 4.92% $7,762
HOME POINT FINANCIAL CORPORATION 242 4.45% $7,458
Northpointe Bank 231 5.03% $7,951
CALIBER HOME LOANS, INC. 226 4.82% $7,587
Republic State Mortgage Co. 206 5.24% $6,835
EVANSVILLE TEACHERS 206 5.04% $6,018
LOANDEPOT.COM, LLC 197 4.94% $8,309
ARK-LA-TEX FINANCIAL SERVICES, LLC. 186 5.25% $6,322
Mr. Cooper ( Nationstar Mortgage ) 184 4.76% $9,155
AMERISAVE MORTGAGE CORPORATION 179 4.67% $9,354
Carrington Mortgage Services, LLC 177 5.08% $9,461
Century Mortgage Company DBA Century Lending Company 167 4.91% $8,606
PENNYMAC LOAN SERVICES, LLC 163 4.38% $7,839
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 162 5.10% $8,795
Bank of England 138 5.26% $7,932
GENEVA FINANCIAL, LLC 127 5.37% $8,452
MOVEMENT MORTGAGE, LLC 125 5.04% $7,810
INTERLINC MORTGAGE SERVICES, LLC 122 5.41% $6,777
BROKER SOLUTIONS, INC. 120 5.45% $8,949
PRIMARY RESIDENTIAL MORTGAGE, INC. 117 4.93% $7,912
First Option Mortgage, LLC 116 4.97% $6,927
Prosperity Home Mortgage, LLC 113 5.23% $6,829
Citizens Bank 113 4.54% $7,110
CROSSCOUNTRY MORTGAGE, LLC 113 5.36% $8,876
CARDINAL FINANCIAL 113 4.97% $8,684
HOMESIDE FINANCIAL, LLC 112 5.71% $8,411
SOUTH CENTRAL BANK, INC. 110 4.92% $6,176
Magnolia Bank 107 4.85% $7,575
VICTORY MORTGAGE, L.L.C. 106 4.83% $8,548
LAKEVIEW LOAN SERVICING, LLC 103 4.27% $6,224
CMG MORTGAGE, INC. 98 4.68% $7,621
POLARIS HOME FUNDING CORP. 96 5.14% $8,383
AMERIFIRST FINANCIAL CORPORATION 96 5.32% $7,747
Fifth Third Bank 95 4.83% $6,167
Hometown Lenders, Inc. 92 4.99% $8,499
ENVOY MORTGAGE, LTD 87 5.15% $8,222
Equity Prime Mortgage LLC 85 5.62% $9,103
SUCCESS MORTGAGE PARTNERS, INC. 83 5.42% $7,978
Paramount Residential Mortgage Group, Inc. 83 5.13% $9,331
U.S. Bank 82 5.12% $6,427
FINANCE OF AMERICA MORTGAGE LLC 79 4.98% $7,787
Nations Lending Corporation 75 5.41% $9,587
GUARANTEED RATE, INC. 69 5.02% $8,606
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 69 5.02% $9,100
Mortgage Research Center, LLC 68 5.39% $5,324
NEWREZ LLC 68 4.96% $7,334
MUTUAL OF OMAHA MORTGAGE, INC. 67 5.33% $10,057
Republic Bank & Trust Company 67 4.92% $6,445
Flagstar Bank, FSB 65 5.07% $7,150
NATIONS RELIABLE LENDING, LLC 64 5.17% $9,970
MORTGAGE SUPPLIERS, INC. 59 4.68% $4,467
Stock Yards Bank & Trust Company 57 4.81% $6,178
DAS Acquisition Company, LLC 56 5.28% $7,644
UNION HOME MORTGAGE CORP. 53 5.29% $7,285
FBC MORTGAGE, LLC 53 5.09% $9,314
THRIVE MORTGAGE, LLC 53 5.19% $7,309
PNC Bank 49 4.70% $5,854
PRIMELENDING, A PLAINSCAPITAL COMPANY 46 5.19% $7,895
GERSHMAN INVESTMENT CORP. 44 5.13% $5,206
Plains Commerce Bank 43 5.84% $8,456
German American Bank 42 4.38% $6,424
VILLAGE CAPITAL MORTGAGE 40 3.94% $5,113
TOP FLITE FINANCIAL, INC. 40 5.37% $9,581
BAYSHORE MORTGAGE FUNDING, LLC 37 5.55% $11,096
JPMorgan Chase Bank 36 5.28% $5,976
The Huntington National Bank 36 4.81% $7,235
BAY EQUITY LLC 35 4.52% $7,551
AMERICAN FINANCING CORPORATION 33 4.40% $7,388
RELIANCE FIRST CAPITAL, LLC 33 4.95% $9,038
MYCUMORTGAGE, LLC 33 4.63% $5,836
AMERICAN PACIFIC MORTGAGE CORPORATION 32 5.77% $9,092
WesBanco 32 5.10% $7,205
PLAZA HOME MORTGAGE, INC. 31 4.67% $8,851
ROSS MORTGAGE CORPORATION 31 5.67% $8,713
Guardian Savings Bank, A Federal Savings Bank 29 4.53% $7,118
First Savings Bank 28 4.81% $9,807
PLANET HOME LENDING, LLC 27 4.15% $6,601
Central Bank 27 4.63% $6,217
Peoples Exchange Bank 26 4.88% $6,386
SOUTHWEST FUNDING, LP 25 5.13% $10,632
Regions Bank 24 5.03% $6,195
AMCAP MORTGAGE, LTD. 23 5.10% $8,822
GoPrime Mortgage, Inc. 22 5.48% $9,180
GUARANTY HOME MORTGAGE CORPORATION 21 4.86% $6,193
EMM LOANS LLC 21 5.14% $9,520
TOWNE MORTGAGE COMPANY 20 4.31% $9,105
DRAPER AND KRAMER MORTGAGE CORP. 20 4.97% $7,154
ZILLOW HOME LOANS, LLC 19 4.91% $8,551
First Financial Bank 19 5.12% $7,253
Lakeview Community Capital, LLC 17 3.78% $5,097
PULTE MORTGAGE LLC 17 4.49% $7,161
VANDERBILT MORTGAGE AND FINANCE, INC. 17 5.25% $10,324
GUARANTEED RATE AFFINITY, LLC 16 4.84% $8,427
SWBC MORTGAGE CORPORATION 16 4.70% $5,397
MORTGAGE MASTERS OF INDIANA, INC. 15 4.59% $6,340
HAMILTON HOME LOANS, INC. 15 4.92% $7,634
Truist 14 5.04% $5,898
MID AMERICA MORTGAGE, INC. 13 4.80% $4,446
OPTION FINANCIAL, LLC 13 5.73% $6,812
LEADERONE FINANCIAL CORPORATION 13 5.26% $7,018
AMERICAN FINANCIAL RESOURCES, INC. 12 4.56% $7,405
EMBRACE HOME LOANS, INC. 12 5.69% $9,348
HOMESTAR FINANCIAL CORPORATION 12 4.66% $6,315
Barrington Bank & Trust Company, N.A. 12 5.21% $7,149
Sierra Pacific Mortgage Company, Inc. 12 4.10% $9,095
UNITED MORTGAGE CORP 12 4.60% $9,043
ACOPIA, LLC 11 4.82% $7,435
The Federal Savings Bank 11 4.74% $13,806
Forcht Bank 11 4.14% $5,861
NFM, INC. 11 5.08% $8,362
DHI MORTGAGE COMPANY, LTD. 11 4.32% $7,657
HOMEBRIDGE FINANCIAL SERVICES, INC. 11 4.42% $10,743
First Guaranty Mortgage Corporation 11 4.16% $6,620
SUN WEST MORTGAGE COMPANY, INC. 10 5.41% $8,694
CHURCHILL MORTGAGE CORPORATION 10 5.95% $10,966
CRESCENT MORTGAGE COMPANY 10 4.44% $6,600
Old National Bank 10 4.80% $6,732
FIRST COMMUNITY MORTGAGE, INC. 10 4.80% $6,847
FirstBank 10 5.24% $7,166
FAIR WAY LENDING LLC 10 5.20% $7,826
Traditional Bank, Inc. 9 6.03% $7,024
NATIONS DIRECT MORTGAGE, LLC 9 5.40% $9,812
ROYAL UNITED MORTGAGE LLC 9 5.71% $7,997
GVC MORTGAGE, INC. 9 5.00% $7,098
ARC HOME LLC 9 5.19% $8,727
1ST SIGNATURE LENDING, LLC 9 5.15% $10,919
M&T Bank 9 4.26% $6,706
SOVEREIGN LENDING GROUP INCORPORATED 8 4.86% $8,967
NATIONWIDE MORTGAGE BANKERS, INC. 8 5.01% $10,500
Wells Fargo Bank 8 5.20% $6,928
ENDEAVOR CAPITAL, LLC. 8 5.67% $9,522
Austin Capital Bank SSB 8 5.14% $8,986
FIRST EQUITY MORTGAGE INCORPORATED 8 4.34% $9,333
The Union Bank Company 7 3.50% $7,506
SIBCY CLINE MORTGAGE SERVICES, INC. 7 5.71% $6,190
Victorian Finance, LLC 7 5.29% $8,098
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 4.91% $9,637
RAPID MORTGAGE COMPANY 7 5.80% $11,827
THE MORTGAGE WAREHOUSE,LLC 7 5.07% $6,774
NETWORK CAPITAL FUNDING CORPORATION 6 4.92% $9,568
LIBERTY HOME MORTGAGE CORPORATION 6 5.27% $9,301
T2 FINANCIAL LLC 6 4.42% $10,329
Texana Bank 6 4.31% $9,272
Gateway First Bank 6 5.60% $6,813
Heartland Bank 6 4.46% $6,066
Peoples Bank 6 4.58% $14,517
Colten Mortgage, LLC 6 5.10% $7,670
BETTER MORTGAGE CORPORATION 6 4.50% $10,977
Commonwealth Bank and Trust Company 5 3.65% $5,725
AmeriHome Mortgage Company, LLC 5 5.83% $8,298
FirstTrust Home Loans, Inc. 5 6.73% $9,106
Platinum Home Mortgage Corporation 5 5.75% $7,916
First Harrison Bank 5 5.30% $6,307
SOUTHWEST STAGE FUNDING, LLC 5 4.80% $7,050
NEW DAY FINANCIAL, LLC 5 6.00% $9,621
JLB CORPORATION 5 5.40% $7,572
PHH Mortgage Corporation 5 4.73% $7,488
United Fidelity Funding Corp. 5 5.50% $11,015
HANCOCK MORTGAGE PARTNERS, LLC 5 5.08% $8,766
NBKC BANK 4 4.75% $8,325
EUSTIS AND AMERICAN MORTGAGE COMPANY 4 4.37% $7,643
Wyndham Capital Mortgage, Inc. 4 5.00% $7,180
F&M Bank 4 4.56% $6,724
KELLER MORTGAGE, LLC 4 4.22% $6,468
GUILD MORTGAGE COMPANY 4 5.38% $9,406
RiverHills Bank 4 5.53% $6,406
Renasant Bank 4 4.22% $7,441
Peoples Bank 4 4.66% $6,011
OCEANSIDE MORTGAGE COMPANY 4 5.03% $3,945
MORTGAGE INVESTORS GROUP, INC. 3 4.00% $9,351
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.75% $13,495
North American Savings Bank, F.S.B. 3 5.00% $6,713
OCMBC, INC. 3 3.58% $8,552
Wilson & Muir Bank & Trust Company 3 4.38% $7,471
ACADEMY MORTGAGE CORPORATION 3 5.29% $7,008
COMMUNITY MORTGAGE CORPORATION 3 4.92% $5,936
PREMIA MORTGAGE, LLC 3 4.54% $7,051
First Financial Bank 3 4.25% $6,680
Union Savings Bank 3 4.50% $7,579
S1L, Inc. 3 6.17% $8,815
CIS Financial Services, Inc. 2 6.50% $7,725
VAN DYK MORTGAGE CORPORATION 2 6.38% $6,466
CORNERSTONE HOME LENDING, INC. 2 5.50% $6,461
INSPIRE HOME LOANS INC. 2 5.37% $10,652
The Farmers Bank 2 4.56% $6,275
MORIA DEVELOPMENT, INC. 2 5.13% $7,737
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.31% $8,201
RESIDENTIAL BANCORP 2 4.75% $9,029
Warsaw Federal Savings and Loan Association 2 5.44% $9,697
GSF Mortgage Corporation 2 5.88% $8,149
Willamette Valley Bank 2 4.50% $13,162
Paramount Bank 2 4.44% $8,543
First Horizon Bank 2 5.13% $8,306
The Park National Bank 2 5.00% $6,061
Servion, Inc. 2 4.88% $8,142
THE MORTGAGE FIRM, INC. 2 6.19% $9,212
The Home Loan Expert LLC 2 5.44% $9,609
Simmons Bank 2 3.50% $6,202
BEST CAPITAL FUNDING 2 3.50% $7,060
SOUTHPOINT FINANCIAL SERVICES, INC. 2 4.19% $7,217
Ixonia Bank 2 4.50% $8,063
PANORAMA MORTGAGE GROUP, LLC 2 5.19% $12,308
ALLIED MORTGAGE GROUP, INC. 2 5.81% $8,795
1st National Bank 1 3.50% $6,384
Flanagan State Bank 1 3.63% $14,420
Grand Bank for Savings, FSB 1 5.13% $6,714
First State Bank of St. Charles, Missouri 1 4.88% $10,264
First Internet Bank of Indiana 1 4.75% $5,746
First Home Bank 1 5.00% $21,496
Hometown Equity Mortgage, LLC 1 4.13% $14,589
First Federal Savings and Loan Association of Lakewood 1 6.88% $9,484
LAND HOME FINANCIAL SERVICES, INC. 1 4.25% $8,038
Legends Bank 1 5.13% $7,758
First Federal Bank of the Midwest 1 4.50% $8,779
First Federal Bank 1 3.63% $4,475
Midwest BankCentre 1 3.87% $5,640
MLD MORTGAGE INC. 1 5.63% $8,571
FAY SERVICING, LLC 1 4.00% $9,003
Mutual Federal Bank 1 4.25% $13,096
Evolve Bank & Trust 1 4.75% $10,042
EQUITY RESOURCES, INC. 1 4.25% $6,725
NP, Inc. 1 4.88% $8,198
Origin Bank 1 5.63% $7,371
East Coast Capital Corp. 1 6.75% $8,291
PARTNERS UNITED FINANCIAL, LLC 1 3.75% $8,897
PENTAGON FEDERAL CREDIT UNION 1 6.25% $10,282
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 3.50% $3,939
COMPASS MORTGAGE, INC. 1 5.50% $11,775
PLUS RELOCATION MORTGAGE, LLC 1 6.75% $7,904
Civista Bank 1 3.38% $9,006
Citibank 1 4.50% $15,852
Cincinnati Federal 1 4.88% $6,346
CANOPY MORTGAGE, LLC 1 5.99% $9,752
CALCON MUTUAL MORTGAGE LLC 1 5.63% $6,866
BOKF 1 5.13% $16,368
SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $12,277
Bank of America 1 3.13% $7,167
Strong Home Mortgage, LLC 1 3.38% $7,924
Armed Forces Bank 1 3.63% $5,662
Sunflower Bank 1 4.25% $7,163
ANGEL OAK HOME LOANS LLC 1 5.00% $11,647
AmRes Corporation 1 3.99% $11,483
Towne Bank 1 4.75% $9,584
United Bank 1 5.75% $8,953
UNITED HOME LOANS, INC. 1 3.50% $1,942
AMERICAN ADVISORS GROUP 1 4.00% $4,949
Watermark Capital, Inc. 1 5.88% $16,524
Waterstone Mortgage Corporation 1 5.13% $5,426

The top Kentucky FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,410 FHA loans originated. Their average total fees are $7,843, which is $3 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Kentucky FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($4,446), MORTGAGE SUPPLIERS, INC. ($4,467), Lakeview Community Capital, LLC ($5,097), VILLAGE CAPITAL MORTGAGE ($5,113) and GERSHMAN INVESTMENT CORP. ($5,206).

The lowest rate Kentucky FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.78%), VILLAGE CAPITAL MORTGAGE (3.94%), Sierra Pacific Mortgage Company, Inc. (4.10%), Forcht Bank (4.14%) and PLANET HOME LENDING, LLC (4.15%).

Kentucky FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
NON-METRO ADAIR 2022 $420,680 $538,650 $651,050 $809,150
BOWLING GREEN, KY ALLEN 2022 $420,680 $538,650 $651,050 $809,150
FRANKFORT, KY ANDERSON 2022 $420,680 $538,650 $651,050 $809,150
PADUCAH, KY-IL BALLARD 2022 $420,680 $538,650 $651,050 $809,150
GLASGOW, KY BARREN 2022 $420,680 $538,650 $651,050 $809,150
MOUNT STERLING, KY BATH 2022 $420,680 $538,650 $651,050 $809,150
MIDDLESBOROUGH, KY BELL 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN BOONE 2022 $420,680 $538,650 $651,050 $809,150
LEXINGTON-FAYETTE, KY BOURBON 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH BOYD 2022 $420,680 $538,650 $651,050 $809,150
DANVILLE, KY BOYLE 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN BRACKEN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BREATHITT 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO BRECKINRIDGE 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN BULLITT 2022 $420,680 $538,650 $651,050 $809,150
BOWLING GREEN, KY BUTLER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CALDWELL 2022 $420,680 $538,650 $651,050 $809,150
MURRAY, KY CALLOWAY 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN CAMPBELL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CARLISLE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CARROLL 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH CARTER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CASEY 2022 $420,680 $538,650 $651,050 $809,150
CLARKSVILLE, TN-KY CHRISTIAN 2022 $420,680 $538,650 $651,050 $809,150
LEXINGTON-FAYETTE, KY CLARK 2022 $420,680 $538,650 $651,050 $809,150
LONDON, KY CLAY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CLINTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CRITTENDEN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO CUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
OWENSBORO, KY DAVIESS 2022 $420,680 $538,650 $651,050 $809,150
BOWLING GREEN, KY EDMONSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ELLIOTT 2022 $420,680 $538,650 $651,050 $809,150
RICHMOND-BEREA, KY ESTILL 2022 $420,680 $538,650 $651,050 $809,150
LEXINGTON-FAYETTE, KY FAYETTE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FLEMING 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FLOYD 2022 $420,680 $538,650 $651,050 $809,150
FRANKFORT, KY FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO FULTON 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN GALLATIN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GARRARD 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN GRANT 2022 $420,680 $538,650 $651,050 $809,150
MAYFIELD, KY GRAVES 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO GRAYSON 2022 $420,680 $538,650 $651,050 $809,150
CAMPBELLSVILLE, KY GREEN 2022 $420,680 $538,650 $651,050 $809,150
HUNTINGTON-ASHLAND, WV-KY-OH GREENUP 2022 $420,680 $538,650 $651,050 $809,150
OWENSBORO, KY HANCOCK 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETHTOWN-FORT KNOX, KY HARDIN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HARLAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HARRISON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HART 2022 $420,680 $538,650 $651,050 $809,150
EVANSVILLE, IN-KY HENDERSON 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN HENRY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO HICKMAN 2022 $420,680 $538,650 $651,050 $809,150
MADISONVILLE, KY HOPKINS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JACKSON 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
LEXINGTON-FAYETTE, KY JESSAMINE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO JOHNSON 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN KENTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO KNOTT 2022 $420,680 $538,650 $651,050 $809,150
LONDON, KY KNOX 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETHTOWN-FORT KNOX, KY LARUE 2022 $420,680 $538,650 $651,050 $809,150
LONDON, KY LAUREL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LEE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LESLIE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LETCHER 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LEWIS 2022 $420,680 $538,650 $651,050 $809,150
DANVILLE, KY LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
PADUCAH, KY-IL LIVINGSTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LOGAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO LYON 2022 $420,680 $538,650 $651,050 $809,150
PADUCAH, KY-IL MCCRACKEN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MCCREARY 2022 $420,680 $538,650 $651,050 $809,150
OWENSBORO, KY MCLEAN 2022 $420,680 $538,650 $651,050 $809,150
RICHMOND-BEREA, KY MADISON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MAGOFFIN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MARION 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MARSHALL 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MARTIN 2022 $420,680 $538,650 $651,050 $809,150
MAYSVILLE, KY MASON 2022 $420,680 $538,650 $651,050 $809,150
ELIZABETHTOWN-FORT KNOX, KY MEADE 2022 $420,680 $538,650 $651,050 $809,150
MOUNT STERLING, KY MENIFEE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MERCER 2022 $420,680 $538,650 $651,050 $809,150
GLASGOW, KY METCALFE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MONROE 2022 $420,680 $538,650 $651,050 $809,150
MOUNT STERLING, KY MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO MORGAN 2022 $420,680 $538,650 $651,050 $809,150
CENTRAL CITY, KY MUHLENBERG 2022 $420,680 $538,650 $651,050 $809,150
BARDSTOWN, KY NELSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO NICHOLAS 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO OHIO 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN OLDHAM 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO OWEN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO OWSLEY 2022 $420,680 $538,650 $651,050 $809,150
CINCINNATI, OH-KY-IN PENDLETON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PERRY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO PIKE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO POWELL 2022 $420,680 $538,650 $651,050 $809,150
SOMERSET, KY PULASKI 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ROBERTSON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ROCKCASTLE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ROWAN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO RUSSELL 2022 $420,680 $538,650 $651,050 $809,150
LEXINGTON-FAYETTE, KY SCOTT 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN SHELBY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO SIMPSON 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN SPENCER 2022 $420,680 $538,650 $651,050 $809,150
CAMPBELLSVILLE, KY TAYLOR 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO TODD 2022 $420,680 $538,650 $651,050 $809,150
CLARKSVILLE, TN-KY TRIGG 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO TRIMBLE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO UNION 2022 $420,680 $538,650 $651,050 $809,150
BOWLING GREEN, KY WARREN 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WAYNE 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WEBSTER 2022 $420,680 $538,650 $651,050 $809,150
LONDON, KY WHITLEY 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO WOLFE 2022 $420,680 $538,650 $651,050 $809,150
LEXINGTON-FAYETTE, KY WOODFORD 2022 $420,680 $538,650 $651,050 $809,150
NON-METRO ADAIR 2023 $472,030 $604,400 $730,525 $907,900
BOWLING GREEN, KY ALLEN 2023 $472,030 $604,400 $730,525 $907,900
FRANKFORT, KY ANDERSON 2023 $472,030 $604,400 $730,525 $907,900
PADUCAH, KY-IL BALLARD 2023 $472,030 $604,400 $730,525 $907,900
GLASGOW, KY BARREN 2023 $472,030 $604,400 $730,525 $907,900
MOUNT STERLING, KY BATH 2023 $472,030 $604,400 $730,525 $907,900
MIDDLESBOROUGH, KY BELL 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN BOONE 2023 $472,030 $604,400 $730,525 $907,900
LEXINGTON-FAYETTE, KY BOURBON 2023 $472,030 $604,400 $730,525 $907,900
HUNTINGTON-ASHLAND, WV-KY-OH BOYD 2023 $472,030 $604,400 $730,525 $907,900
DANVILLE, KY BOYLE 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN BRACKEN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BREATHITT 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO BRECKINRIDGE 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN BULLITT 2023 $472,030 $604,400 $730,525 $907,900
BOWLING GREEN, KY BUTLER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CALDWELL 2023 $472,030 $604,400 $730,525 $907,900
MURRAY, KY CALLOWAY 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN CAMPBELL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CARLISLE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CARROLL 2023 $472,030 $604,400 $730,525 $907,900
HUNTINGTON-ASHLAND, WV-KY-OH CARTER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CASEY 2023 $472,030 $604,400 $730,525 $907,900
CLARKSVILLE, TN-KY CHRISTIAN 2023 $472,030 $604,400 $730,525 $907,900
LEXINGTON-FAYETTE, KY CLARK 2023 $472,030 $604,400 $730,525 $907,900
LONDON, KY CLAY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CLINTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CRITTENDEN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO CUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900
OWENSBORO, KY DAVIESS 2023 $472,030 $604,400 $730,525 $907,900
BOWLING GREEN, KY EDMONSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ELLIOTT 2023 $472,030 $604,400 $730,525 $907,900
RICHMOND-BEREA, KY ESTILL 2023 $472,030 $604,400 $730,525 $907,900
LEXINGTON-FAYETTE, KY FAYETTE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FLEMING 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FLOYD 2023 $472,030 $604,400 $730,525 $907,900
FRANKFORT, KY FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO FULTON 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN GALLATIN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GARRARD 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN GRANT 2023 $472,030 $604,400 $730,525 $907,900
MAYFIELD, KY GRAVES 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO GRAYSON 2023 $472,030 $604,400 $730,525 $907,900
CAMPBELLSVILLE, KY GREEN 2023 $472,030 $604,400 $730,525 $907,900
HUNTINGTON-ASHLAND, WV-KY-OH GREENUP 2023 $472,030 $604,400 $730,525 $907,900
OWENSBORO, KY HANCOCK 2023 $472,030 $604,400 $730,525 $907,900
ELIZABETHTOWN-FORT KNOX, KY HARDIN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HARLAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HARRISON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HART 2023 $472,030 $604,400 $730,525 $907,900
EVANSVILLE, IN-KY HENDERSON 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN HENRY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO HICKMAN 2023 $472,030 $604,400 $730,525 $907,900
MADISONVILLE, KY HOPKINS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JACKSON 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
LEXINGTON-FAYETTE, KY JESSAMINE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN KENTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO KNOTT 2023 $472,030 $604,400 $730,525 $907,900
LONDON, KY KNOX 2023 $472,030 $604,400 $730,525 $907,900
ELIZABETHTOWN-FORT KNOX, KY LARUE 2023 $472,030 $604,400 $730,525 $907,900
LONDON, KY LAUREL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LEE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LESLIE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LETCHER 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LEWIS 2023 $472,030 $604,400 $730,525 $907,900
DANVILLE, KY LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
PADUCAH, KY-IL LIVINGSTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LOGAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO LYON 2023 $472,030 $604,400 $730,525 $907,900
PADUCAH, KY-IL MCCRACKEN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MCCREARY 2023 $472,030 $604,400 $730,525 $907,900
OWENSBORO, KY MCLEAN 2023 $472,030 $604,400 $730,525 $907,900
RICHMOND-BEREA, KY MADISON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MAGOFFIN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MARION 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MARSHALL 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MARTIN 2023 $472,030 $604,400 $730,525 $907,900
MAYSVILLE, KY MASON 2023 $472,030 $604,400 $730,525 $907,900
ELIZABETHTOWN-FORT KNOX, KY MEADE 2023 $472,030 $604,400 $730,525 $907,900
MOUNT STERLING, KY MENIFEE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MERCER 2023 $472,030 $604,400 $730,525 $907,900
GLASGOW, KY METCALFE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MONROE 2023 $472,030 $604,400 $730,525 $907,900
MOUNT STERLING, KY MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO MORGAN 2023 $472,030 $604,400 $730,525 $907,900
CENTRAL CITY, KY MUHLENBERG 2023 $472,030 $604,400 $730,525 $907,900
BARDSTOWN, KY NELSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO NICHOLAS 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO OHIO 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN OLDHAM 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO OWEN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO OWSLEY 2023 $472,030 $604,400 $730,525 $907,900
CINCINNATI, OH-KY-IN PENDLETON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PERRY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO PIKE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO POWELL 2023 $472,030 $604,400 $730,525 $907,900
SOMERSET, KY PULASKI 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ROBERTSON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ROCKCASTLE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO ROWAN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO RUSSELL 2023 $472,030 $604,400 $730,525 $907,900
LEXINGTON-FAYETTE, KY SCOTT 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN SHELBY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO SIMPSON 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN SPENCER 2023 $472,030 $604,400 $730,525 $907,900
CAMPBELLSVILLE, KY TAYLOR 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO TODD 2023 $472,030 $604,400 $730,525 $907,900
CLARKSVILLE, TN-KY TRIGG 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO TRIMBLE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO UNION 2023 $472,030 $604,400 $730,525 $907,900
BOWLING GREEN, KY WARREN 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WAYNE 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WEBSTER 2023 $472,030 $604,400 $730,525 $907,900
LONDON, KY WHITLEY 2023 $472,030 $604,400 $730,525 $907,900
NON-METRO WOLFE 2023 $472,030 $604,400 $730,525 $907,900
LEXINGTON-FAYETTE, KY WOODFORD 2023 $472,030 $604,400 $730,525 $907,900

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).