Kentucky FHA Loan Program
Down Payment
Minimum 3.5% Down Payment of purchase price on a 580 credit score or higher
Minimum 10% Down payment on credit scores 500-579
Credit Score
Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent. Most lenders will not go below 580 to 620 score, and very few lenders will go to 580 score. It's best to work on getting your scores up before you apply or work with a loan officer to improve them.
Debt-to-Income Ratio
Front-end: 45% max, Back-end: 50-56.99% max
Work History
2 years consistent employment preferred
