USDA Loans
in Kentucky

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In search of a mortgage which allows you to move affordably into a new home with zero down? If the home you want to buy is in a rural location, you could be eligible for just that with a USDA mortgage in Kentucky.


What is a USDA Loan?

A USDA mortgage is an income-based lending product that is backed by the US Department of Agriculture (USDA). Previously, this program was called the “Rural Development Guaranteed Housing Loan.”

The USDA’s insurance for these mortgages allows homebuyers who qualify for them to take advantage of fantastic benefits.

Advantages of Kentucky USDA Loans

USDA mortgage benefits in Kentucky include:

Mortgage rates on USDA loans are fixed and comparatively low.

Closing costs for USDA loans are capped and generally affordable.

No down payment is necessary.

Private mortgage insurance (PMI), while needed, may be discounted to keep your monthly costs of homeownership as affordable as possible.

The credit score requirements for qualifying for a USDA loan are flexible.

You can apply for a USDA mortgage to build a home, buy a home, or purchase a vacant lot with the intention of constructing one. Upgrades and repairs also can be financed through USDA loans.

Do You Qualify for a USDA Mortgage in Louisville?

Whether you are shopping for home in the Louisville region or elsewhere in the state of Kentucky, these requirements must be met:

The first criteria is the location of the home to be financed. It must be in an area with a population of no more than 35,000. This may include areas that you do not traditionally think of as “rural,” but which are still defined as such by the USDA.

The next requirements is simply to be a US citizen, non-citizen national, or qualifying alien.

Finally, your income will be considered as well. There are maximum thresholds for each family size. So long as your income does not exceed the applicable threshold for your family size, you may be eligible for a USDA mortgage in Kentucky.

What Our Clients Are Saying

Amy VanValkenburg
Amy VanValkenburg
21:04 26 Oct 19
My husband and I were referred to Preston Riggs from FSB to handle our complicated loan application. Our move was very stressful as we were moving from Georgia to Kentucky and we had to stay in a hotel for three weeks while our home and our loan were being completed. Preston and his team were so amazing to work with. He was in constant contact with us throughout the entire process...even on the weekends! When our loan underwriters were slow and unresponsive, Preston knew just how much pressure to apply to them to get the loan moved through without upsetting them and causing increased delays. Preston has a great understanding of how the mortgage loan process works along with incredible communication skills; a very hard combination to find. I would highly recommend FSB and Preston Riggs to handle any and all of your mortgage and banking needs.
Jenny Parks
Jenny Parks
20:24 17 Jul 19
Highly recommend!! Entire staff is professional, knowledgeable, and responsive. Excellent customer service - they even brought loan documents to my office to sign so I didn’t have to leave work. Thanks for such a smooth transaction from start to finish!
crash tester
crash tester
01:14 16 Jul 19
The team at FSB made our home buying experience a total stress free experience. First Savings Bank came highly recommend but we were shocked at how fast and efficient the process was. I am recommend First Saving Bank to everyone. From the interest rate to the closing table the team at First Savings is amazing.We cannot thank you guys enough.
Maggie Smith
Maggie Smith
17:12 15 Jul 19
FSB provides a productive and comfortable work environment fit for all walks of life. It's a lovely place to build experience and establish business connections. I thoroughly enjoy my fellow co-workers as well as those who visit from other branches. Proud to be a part of such an excellent team
Revision .
Revision .
14:22 11 Jul 19
I have never experienced such a wonderful place in my life. Made the usual atrocity of getting a mortgage as quick and painless as possible. Devilishly handsome working men and lovely and kind hearted women. I have never in my life wanted more then one household until I ventured forth to this magnificent environment. truly the greatest place on earth. Bring your whole family have them learn about how the harsh mortgage world can also be a fun and enjoyable place its like the Chick Fil A of mortgages an enjoyable experience you don't regret because its so freaking good!
Robert Sullivan
Robert Sullivan
20:10 10 Jul 19
Preston was very very helpful in our loan process. I think we communicated daily throughout the 2 month process. He never said “no” or “sorry, that can’t be done”. I am thankful for his professionalism and personal concern for my situation!! He made us feel like we were their only business at the time.
Christen Buel
Christen Buel
13:56 10 Jul 19
First Savings Bank's mortgage loan officer, Preston Riggs, was amazing. He answered all my questions quickly and my purchase loan closed faster than any other loan I have every applied for. Thank you Preston and First Savings Bank!
Tom Regan
Tom Regan
12:46 10 Jul 19
Our loan officer Preston and the staff were excellent to deal with. Everything went smoothly and we closed with no issues. It was an easy and great experience. I would highly recommend First savings and Preston.
Benny Tincher
Benny Tincher
02:25 10 Jul 19
First Savings Bank Louisville did a great job in processing my home loan in Marco Island, FL. I enjoyed working with all of the people at FSBL. They were very professional and accomplished what they said they would do in a very timely manner.
Alby Rogers
Alby Rogers
00:19 10 Jul 19
Great experience, helped with everything I needed done! Will be returning for sure! Highly recommend!
Daniel Barnett
Daniel Barnett
00:00 10 Jul 19
Quick, easy refinance with no surprises and a great interest rate!
TJ Olson
TJ Olson
23:40 09 Jul 19
The folks at FSB were the shining light of our home buying experience. They were always quick to respond to all of our questions and requests, and were an advocate to our family when we ran into difficulty with the title company. They will be my first suggestion to anyone in the mind to buy a home. Thank you Weldon and Preston, you guys were a big help to us!
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Apply to Move Into a Home With Zero Down With a
USDA Loan in Kentucky Now

USDA mortgages are incredible opportunities which are frequently overlooked by homebuyers, who may be less familiar with this program than they are with FHA and VA loans. If you think that you may be moving to a rural area and would like to find out whether you qualify for a USDA mortgage in Kentucky with zero down, please give us a call today at 502-238-9655 to apply now.

FREE Mortgage Rate Quote!

Amid global concern about COVID-19, we will continue to be here for our customers.
 
As people and companies all across the country take additional preparations to protect against the Coronavirus (COVID-19), we acknowledge that your mortgage concerns will likely not be taking a break. At this time, we will remain open full-time and will continue to service our customers with the same fast response times you’ve come to expect from us.
 
Due to the increasing number of reported cases in the U.S., we are continuously monitoring the situation. We will also continue to actively assess the necessary actions we need to take in order to ensure the health and safety of our customers, employees, and their families. We hope that you will join us in taking some basic and important measures, such as frequent hand washing, to keep communal risk low.