rhs: USDA/RURAL HOUSING UPDATE FOR NORTHERN KENTUCKY! - 03/27/13 09:52 AM
        USDA/RURAL HOUSING UPDATE!
 

Another USDA/Rural Housing Update for Northern Kentucky markets. While the latest news does affect more markets than Northern Kentucky, it is good news! In an earlier post I made note that with the 2010 census bureau there would be some realignment of USDA/RHS eligible areas. Of particular note in our market Independence and Burlington are great areas for the rural housing loans.
 
RHS loans provide housing in more rural areas with more lenient credit standards, and whereas borrowers must qualify based on income those guides are fairly liberal. By eliminating some of the … (0 comments)

rhs: NORTHERN KY USDA RHS AREAS CHANGING! - 08/07/12 08:45 AM
NORTHERN KENTUCKY USDA RHS AREAS CHANGING!

NOTICE TO NORTHERN KENTUCKY HOME BUYERS AND REAl ESTATE AGENTS:
EFFECTIVE 10/01/2012  NORTHERN KENTUCKY COMMUNITIES OF INDEPENDENCE AND BURLINGTON WILL NO LONGER BE ELIGIBLE FOR RURAL HOUSING (RHS) MORTGAGES. 
This change is due to the 2010 census showing an increase in population in these areas. For most of us who live in Northern Kentucky we have not considered most of Independence and a good bit of Burlington "rural" for some time with the new subdivisions over the last 10 years.
USDA RHS offers zero down loans, which has been effective in populating these areas I'm … (0 comments)