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 0.09% for the week of 2024-06-21, compared to the national average (all FHA variants) of 0% for the same period.

Kentucky's average FHA mortgage closing costs are $6,518.

The average rate for the prior week (2024-06-14) was 6.49% and one month ago for the week of 2024-05-17, the average rate was 6.53%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-06-21, the average rate was 0.31%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 1,290 6.38% $8,848
UNITED WHOLESALE MORTGAGE, LLC 869 6.55% $9,438
STOCKTON MORTGAGE CORPORATION 832 6.67% $9,656
RUOFF MORTGAGE COMPANY, INC. 336 6.75% $6,568
Northpointe Bank 314 6.49% $9,788
THRIVE MORTGAGE, LLC 241 6.41% $9,834
EVANSVILLE TEACHERS 239 6.64% $6,771
HOMESIDE FINANCIAL, LLC 225 6.63% $9,273
CROSSCOUNTRY MORTGAGE, LLC 220 6.68% $9,558
EVERETT FINANCIAL, INC. 206 6.84% $8,875
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 204 6.58% $10,166
ARK-LA-TEX FINANCIAL SERVICES, LLC. 192 6.69% $7,558
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 188 6.66% $9,347
FREEDOM MORTGAGE CORPORATION 188 6.82% $11,588
GENEVA FINANCIAL, LLC 183 6.60% $9,476
Republic State Mortgage Co. 171 6.58% $8,708
AMERISAVE MORTGAGE CORPORATION 152 6.14% $11,137
VICTORY MORTGAGE, L.L.C. 150 5.99% $8,798
Century Mortgage Company DBA Century Lending Company 144 6.65% $9,970
Bank of England 138 6.49% $10,180
PENNYMAC LOAN SERVICES, LLC 133 6.12% $10,050
Prosperity Home Mortgage, LLC 128 6.56% $8,120
U.S. Bank 127 6.61% $6,887
BROKER SOLUTIONS, INC. 125 6.81% $10,032
Carrington Mortgage Services, LLC 124 6.27% $10,755
UNION HOME MORTGAGE CORP. 118 6.94% $10,153
LOANDEPOT.COM, LLC 110 6.51% $9,325
Plains Commerce Bank 105 6.54% $8,999
NEWREZ LLC 95 6.47% $9,432
SOUTH CENTRAL BANK, INC. 95 6.58% $7,632
Equity Prime Mortgage LLC 93 6.86% $8,978
CARDINAL FINANCIAL 92 6.20% $9,782
INTERLINC MORTGAGE SERVICES, LLC 91 6.75% $8,075
SUCCESS MORTGAGE PARTNERS, INC. 91 6.58% $9,683
Magnolia Bank 87 6.67% $8,906
MOVEMENT MORTGAGE, LLC 85 6.65% $9,012
Fifth Third Bank 77 6.58% $5,613
Mr. Cooper ( Nationstar Mortgage ) 76 6.25% $12,312
MUTUAL OF OMAHA MORTGAGE, INC. 76 6.75% $10,614
Stock Yards Bank & Trust Company 75 6.70% $8,283
ENDEAVOR CAPITAL, LLC. 74 6.66% $9,487
FBC MORTGAGE, LLC 73 5.21% $9,837
Mortgage Research Center, LLC 70 6.97% $5,841
POLARIS HOME FUNDING CORP. 68 6.67% $9,169
GERSHMAN INVESTMENT CORP. 61 6.75% $5,797
ENVOY MORTGAGE, LTD 59 6.69% $10,082
Paramount Residential Mortgage Group, Inc. 57 7.08% $10,252
Flagstar Bank, FSB 53 6.76% $8,534
GUARANTEED RATE, INC. 51 6.54% $10,259
Republic Bank & Trust Company 50 6.52% $8,863
LAKEVIEW LOAN SERVICING, LLC 50 6.28% $11,247
DAS Acquisition Company, LLC 49 6.89% $9,047
GoPrime Mortgage, Inc. 49 6.96% $6,499
TOP FLITE FINANCIAL, INC. 46 6.91% $10,990
EMM LOANS LLC 45 6.43% $10,262
WesBanco 42 6.28% $8,516
BAYSHORE MORTGAGE FUNDING, LLC 40 6.97% $11,604
Citizens Bank 40 6.45% $7,207
Peoples Exchange Bank 36 6.27% $6,926
AMERICAN PACIFIC MORTGAGE CORPORATION 36 6.86% $10,386
PLANET HOME LENDING, LLC 36 6.30% $8,211
Regions Bank 35 6.16% $7,727
Guardian Savings Bank, A Federal Savings Bank 34 6.63% $7,289
FIRST COMMUNITY MORTGAGE, INC. 33 6.71% $9,857
The Huntington National Bank 33 6.97% $8,704
MYCUMORTGAGE, LLC 31 7.07% $6,198
PLAZA HOME MORTGAGE, INC. 31 6.50% $10,297
AMERICAN FINANCIAL NETWORK, INC. 30 7.10% $9,984
PRIMARY RESIDENTIAL MORTGAGE, INC. 30 6.83% $10,817
Traditional Bank, Inc. 29 6.56% $7,547
German American Bank 29 6.44% $6,522
MID AMERICA MORTGAGE, INC. 28 7.28% $5,480
First Financial Bank 25 6.41% $8,006
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 25 6.87% $9,365
NATIONS RELIABLE LENDING, LLC 25 7.11% $10,695
PULTE MORTGAGE LLC 25 5.87% $7,710
ZILLOW HOME LOANS, LLC 24 6.67% $9,427
PNC Bank 24 6.74% $6,985
AMERICAN FINANCIAL RESOURCES, INC. 24 6.95% $10,053
Central Bank 24 6.42% $5,978
ROSS MORTGAGE CORPORATION 23 6.79% $9,889
Truist 23 6.40% $6,466
S1L, Inc. 23 6.55% $8,849
FirstTrust Home Loans, Inc. 23 7.11% $8,490
JPMorgan Chase Bank 22 6.75% $6,428
MORTGAGE MASTERS OF INDIANA, INC. 22 6.69% $7,580
ROYAL UNITED MORTGAGE LLC 21 7.06% $8,586
RELIANCE FIRST CAPITAL, LLC 21 6.80% $9,895
SUN WEST MORTGAGE COMPANY, INC. 19 6.76% $8,320
VANDERBILT MORTGAGE AND FINANCE, INC. 19 5.94% $12,704
Nations Lending Corporation 18 6.55% $10,961
LEADERONE FINANCIAL CORPORATION 16 6.58% $8,812
LIBERTY HOME MORTGAGE CORPORATION 16 7.06% $7,750
Old National Bank 15 6.53% $7,688
CHURCHILL MORTGAGE CORPORATION 15 6.53% $10,686
PRIMELENDING, A PLAINSCAPITAL COMPANY 14 6.90% $10,575
Barrington Bank & Trust Company, N.A. 14 6.63% $9,552
SWBC MORTGAGE CORPORATION 13 6.85% $5,700
VILLAGE CAPITAL MORTGAGE 13 5.72% $9,891
CMG MORTGAGE, INC. 13 6.57% $12,470
MORTGAGE SOLUTIONS OF COLORADO, LLC 13 7.13% $10,453
First Savings Bank 13 6.90% $11,814
DHI MORTGAGE COMPANY, LTD. 13 5.39% $7,724
FAIR WAY LENDING LLC 12 6.77% $10,643
Renasant Bank 12 6.54% $6,744
AMCAP MORTGAGE, LTD. 12 6.96% $10,545
The Federal Savings Bank 12 6.26% $13,671
T2 FINANCIAL LLC 12 7.01% $9,106
AMERICAN FINANCING CORPORATION 11 6.43% $8,453
FirstBank 11 6.59% $8,027
Heartland Bank 11 6.39% $7,900
Forcht Bank 11 6.19% $6,273
BAY EQUITY LLC 10 6.78% $9,239
AmeriHome Mortgage Company, LLC 10 6.10% $12,556
NFM, INC. 9 7.03% $10,088
THE MORTGAGE WAREHOUSE,LLC 9 6.69% $8,567
NBKC BANK 9 6.04% $10,121
MORTGAGE INVESTORS GROUP, INC. 8 6.67% $7,172
Sierra Pacific Mortgage Company, Inc. 8 6.83% $6,282
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.93% $10,475
F&M Bank 7 6.16% $8,147
GUILD MORTGAGE COMPANY 7 6.96% $10,492
Union Savings Bank 7 7.02% $7,274
INSPIRE HOME LOANS INC. 7 5.36% $8,203
Wilson & Muir Bank & Trust Company 7 6.37% $6,000
First Harrison Bank 7 6.80% $8,908
GUARANTEED RATE AFFINITY, LLC 7 6.92% $9,589
SOUTHPOINT FINANCIAL SERVICES, INC. 7 6.84% $9,382
M&T Bank 7 6.79% $7,339
PHH Mortgage Corporation 7 6.12% $8,128
FIRST ALLIANCE HOME MORTGAGE, LLC 6 6.50% $13,362
DRAPER AND KRAMER MORTGAGE CORP. 6 6.81% $7,311
TOWNE MORTGAGE COMPANY 6 6.50% $12,044
NATIONS DIRECT MORTGAGE, LLC 6 6.88% $11,411
NORWICH COMMERCIAL GROUP, INC. 5 6.95% $7,327
NATIONWIDE MORTGAGE BANKERS, INC. 5 7.10% $10,745
FLAT BRANCH MORTGAGE, INC. 5 7.28% $6,428
SIBCY CLINE MORTGAGE SERVICES, INC. 5 6.50% $7,928
RAPID MORTGAGE COMPANY 5 6.78% $14,710
LAND HOME FINANCIAL SERVICES, INC. 5 7.50% $14,991
Civista Bank 5 6.35% $7,365
American Mortgage & Equity Consultants, Inc. 5 7.50% $12,320
FIRST EQUITY MORTGAGE INCORPORATED 4 6.37% $13,811
GUARANTY HOME MORTGAGE CORPORATION 4 6.31% $7,698
ISERVE RESIDENTIAL LENDING, LLC 4 6.31% $14,340
Ixonia Bank 4 7.16% $12,499
Lakeview Community Capital, LLC 4 6.22% $7,926
MICHIGAN MUTUAL, INC. 4 6.94% $8,790
CRESCENT MORTGAGE COMPANY 4 6.31% $8,562
OPTION FINANCIAL, LLC 4 6.16% $9,298
Peoples Bank 4 6.69% $7,017
BETTER MORTGAGE CORPORATION 4 6.78% $8,109
Servion, Inc. 4 6.44% $8,364
Waterstone Mortgage Corporation 4 6.44% $10,334
Wells Fargo Bank 4 6.31% $9,408
Victorian Finance, LLC 3 6.63% $9,822
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.46% $6,891
GSF Mortgage Corporation 3 6.92% $13,642
TJC Mortgage, Inc. 3 6.17% $11,843
Western Ohio Mortgage Corporation 3 6.63% $10,573
SeaTrust Mortgage Company 3 6.71% $9,346
Willamette Valley Bank 3 6.96% $11,648
PREMIA MORTGAGE, LLC 3 6.50% $7,001
OCEANSIDE MORTGAGE COMPANY 2 6.38% $5,936
DIRECT MORTGAGE LOANS, LLC 2 6.38% $12,610
ON Q FINANCIAL, INC. 2 7.12% $8,076
ACOPIA, LLC 2 7.31% $8,284
COMPASS MORTGAGE, INC. 2 6.13% $11,925
PENTAGON FEDERAL CREDIT UNION 2 5.44% $11,071
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.69% $9,996
CITY FIRST MORTGAGE SERVICES, L.L.C. 2 7.63% $9,020
MORTGAGE ACCESS CORP. 2 6.13% $12,775
MEMBERS HERITAGE Credit Union 2 6.75% $5,216
CapStar Bank 2 7.00% $9,258
MEMBER FIRST MORTGAGE, LLC 2 7.00% $5,833
CALIBER HOME LOANS, INC. 2 6.50% $7,519
CALCON MUTUAL MORTGAGE LLC 2 6.88% $8,309
BNC National Bank 2 6.31% $9,829
First Federal Bank 2 6.00% $9,962
SECURITYNATIONAL MORTGAGE COMPANY 2 6.75% $13,353
Simmons Bank 2 6.31% $5,568
1ST SIGNATURE LENDING, LLC 2 6.44% $9,040
SOUTHWEST STAGE FUNDING, LLC 2 7.19% $12,835
SOVEREIGN LENDING GROUP INCORPORATED 2 5.88% $10,715
Strong Home Mortgage, LLC 2 6.63% $12,093
First Financial Bank 2 7.81% $7,638
KELLER MORTGAGE, LLC 2 5.38% $10,543
The Loan Store, Inc. 2 6.75% $12,186
TOTAL MORTGAGE SERVICES, LLC 2 6.38% $10,453
GVC MORTGAGE, INC. 2 6.63% $12,791
NETWORK CAPITAL FUNDING CORPORATION 2 6.25% $9,851
Gateway First Bank 2 6.94% $8,626
ALLIED MORTGAGE GROUP, INC. 1 6.75% $4,594
SIRVA MORTGAGE, INC. 1 6.63% $8,220
ACADEMY MORTGAGE CORPORATION 1 7.25% $8,124
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 7.25% $11,781
V.I.P. MORTGAGE, INC. 1 6.63% $21,579
Warsaw Federal Savings and Loan Association 1 6.50% $9,871
Stifel Bank and Trust 1 6.88% $8,517
Bank of America 1 6.50% $10,098
BancorpSouth 1 7.00% $5,965
WRIGHT-PATT CREDIT UNION, INC. 1 6.50% $6,850
ASCEND FEDERAL CREDIT UNION 1 7.13% $5,246
SUMMIT FUNDING, INC. 1 5.99% $17,645
Arvest Bank 1 6.00% $10,604
NEW DAY FINANCIAL, LLC 1 7.75% $7,874
KeyBank 1 6.63% $6,607
The Farmers Bank 1 6.13% $8,204
NEXERA HOLDING LLC 1 5.75% $10,572
ARC HOME LLC 1 6.13% $12,875
Neighborhood Loans, Inc. 1 6.88% $10,534
JLB CORPORATION 1 6.75% $8,892
The Park National Bank 1 5.50% $7,592
AmRes Corporation 1 6.75% $11,023
First Commonwealth Bank 1 7.63% $6,099
Ameris Bank 1 6.63% $10,982
North American Savings Bank, F.S.B. 1 4.88% $14,355
First Horizon Bank 1 6.63% $8,919
INTERCOASTAL MORTGAGE COMPANY 1 6.13% $7,294
Cincinnati Federal 1 6.75% $6,911
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.75% $7,477
INTERCAP LENDING INC. 1 4.63% $19,311
CHERRY CREEK MORTGAGE, LLC 1 6.25% $4,066
FIRST MORTGAGE COMPANY, INC. 1 6.99% $10,664
UNITED HOME LOANS, INC. 1 5.75% $4,868
CANOPY MORTGAGE, LLC 1 7.13% $11,091
EMBRACE HOME LOANS, INC. 1 7.25% $8,106
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $9,145
OCMBC, INC. 1 7.25% $14,706
BOKF 1 5.63% $18,286
RiverHills Bank 1 7.50% $6,217
ALTRA 1 6.75% $10,054
Blue Ridge Bank 1 6.99% $7,386
CIS Financial Services, Inc. 1 7.38% $13,824
VAN DYK MORTGAGE CORPORATION 1 7.63% $7,734
Citibank 1 6.75% $3,982
Colonial Savings, F.A. 1 6.50% $12,223
Florida Capital Bank 1 6.38% $13,163
LOANFLIGHT LENDING, LLC 1 6.99% $9,707
First Federal Bank of the Midwest 1 5.75% $10,391

The top Kentucky FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,290 FHA loans originated. Their average total fees are $8,848, which is $590 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. ($5,480), Fifth Third Bank ($5,613), SWBC MORTGAGE CORPORATION ($5,700), GERSHMAN INVESTMENT CORP. ($5,797) and Mortgage Research Center, LLC ($5,841).

The lowest rate Kentucky FHA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (5.21%), DHI MORTGAGE COMPANY, LTD. (5.39%), VILLAGE CAPITAL MORTGAGE (5.72%), PULTE MORTGAGE LLC (5.87%) and VANDERBILT MORTGAGE AND FINANCE, INC. (5.94%).

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).