Kentucky FHA Loan Rates, Closing Costs & Stats

Kentucky

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    • 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).