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 -0.01% for the week of 2024-11-15, 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 (2024-11-08) was 6.5% and one month ago for the week of 2024-10-11, the average rate was 6.2%.

    The average rate one year ago was 7.44%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.21%.

    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).