Buying a Foreclosed or Fixer-Upper Home in Kentucky with a USDA Loan: What Buyers with Fixed Income or Disabilities Need to Know
Discover how Kentucky homebuyers with fixed income or disabilities can buy a foreclosed or fixer-upper home using a USDA 502 Guaranteed or Direct loan. Learn the key differences, eligibility guidelines, and property condition standards.
Can You Buy a Foreclosed or Fixer-Upper Home in Kentucky with a USDA Loan?
Yes, but it’s not as simple as buying a typical resale home. USDA loans are a great path to homeownership for many Kentuckians, especially those living on fixed income, Social Security, disability, or low wages. However, foreclosed or distressed homes must meet certain livability and repair conditions to qualify.
Kentucky USDA Loan Programs Overview: 502 Direct vs 502 Guaranteed
