What is an FHA Loan? Requirements, How to Get One and Best Lenders
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

2024 FHA Loan Limits in Kentucky

Updated on:
Content was accurate at the time of publication.

FHA loans, backed by the Federal Housing Administration (FHA), can provide financial assistance to homebuyers in Kentucky, especially for those with less than stellar credit. However, there are other requirements to qualify, such as mortgage insurance and home appraisals that can come with stricter guidelines. 2024 FHA loan limits for single-family homes range from $498,257 in most counties to $1,149,825 for pricier metro areas.

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
ADAIR$498,257$637,950$771,125$958,350$61,000
ALLEN$498,257$637,950$771,125$958,350$246,000
ANDERSON$498,257$637,950$771,125$958,350$243,000
BALLARD$498,257$637,950$771,125$958,350$153,000
BARREN$498,257$637,950$771,125$958,350$130,000
BATH$498,257$637,950$771,125$958,350$170,000
BELL$498,257$637,950$771,125$958,350$97,000
BOONE$498,257$637,950$771,125$958,350$335,000
BOURBON$498,257$637,950$771,125$958,350$277,000
BOYD$498,257$637,950$771,125$958,350$200,000
BOYLE$498,257$637,950$771,125$958,350$180,000
BRACKEN$498,257$637,950$771,125$958,350$335,000
BREATHITT$498,257$637,950$771,125$958,350$45,000
BRECKINRIDGE$498,257$637,950$771,125$958,350$83,000
BULLITT$498,257$637,950$771,125$958,350$390,000
BUTLER$498,257$637,950$771,125$958,350$246,000
CALDWELL$498,257$637,950$771,125$958,350$64,000
CALLOWAY$498,257$637,950$771,125$958,350$150,000
CAMPBELL$498,257$637,950$771,125$958,350$335,000
CARLISLE$498,257$637,950$771,125$958,350$64,000
CARROLL$498,257$637,950$771,125$958,350$156,000
CARTER$498,257$637,950$771,125$958,350$200,000
CASEY$498,257$637,950$771,125$958,350$58,000
CHRISTIAN$498,257$637,950$771,125$958,350$290,000
CLARK$498,257$637,950$771,125$958,350$277,000
CLAY$498,257$637,950$771,125$958,350$137,000
CLINTON$498,257$637,950$771,125$958,350$40,000
CRITTENDEN$498,257$637,950$771,125$958,350$80,000
CUMBERLAND$498,257$637,950$771,125$958,350$202,000
DAVIESS$498,257$637,950$771,125$958,350$170,000
EDMONSON$498,257$637,950$771,125$958,350$246,000
ELLIOTT$498,257$637,950$771,125$958,350$55,000
ESTILL$498,257$637,950$771,125$958,350$229,000
FAYETTE$498,257$637,950$771,125$958,350$277,000
FLEMING$498,257$637,950$771,125$958,350$80,000
FLOYD$498,257$637,950$771,125$958,350$50,000
FRANKLIN$498,257$637,950$771,125$958,350$243,000
FULTON$498,257$637,950$771,125$958,350$40,000
GALLATIN$498,257$637,950$771,125$958,350$335,000
GARRARD$498,257$637,950$771,125$958,350$133,000
GRANT$498,257$637,950$771,125$958,350$335,000
GRAVES$498,257$637,950$771,125$958,350$100,000
GRAYSON$498,257$637,950$771,125$958,350$80,000
GREEN$498,257$637,950$771,125$958,350$120,000
GREENUP$498,257$637,950$771,125$958,350$200,000
HANCOCK$498,257$637,950$771,125$958,350$170,000
HARDIN$498,257$637,950$771,125$958,350$201,000
HARLAN$498,257$637,950$771,125$958,350$38,000
HARRISON$498,257$637,950$771,125$958,350$130,000
HART$498,257$637,950$771,125$958,350$141,000
HENDERSON$498,257$637,950$771,125$958,350$254,000
HENRY$498,257$637,950$771,125$958,350$390,000
HICKMAN$498,257$637,950$771,125$958,350$43,000
HOPKINS$498,257$637,950$771,125$958,350$118,000
JACKSON$498,257$637,950$771,125$958,350$40,000
JEFFERSON$498,257$637,950$771,125$958,350$390,000
JESSAMINE$498,257$637,950$771,125$958,350$277,000
JOHNSON$498,257$637,950$771,125$958,350$79,000
KENTON$498,257$637,950$771,125$958,350$335,000
KNOTT$498,257$637,950$771,125$958,350$40,000
KNOX$498,257$637,950$771,125$958,350$137,000
LARUE$498,257$637,950$771,125$958,350$201,000
LAUREL$498,257$637,950$771,125$958,350$137,000
LAWRENCE$498,257$637,950$771,125$958,350$132,000
LEE$498,257$637,950$771,125$958,350$84,000
LESLIE$498,257$637,950$771,125$958,350$102,000
LETCHER$498,257$637,950$771,125$958,350$88,000
LEWIS$498,257$637,950$771,125$958,350$45,000
LINCOLN$498,257$637,950$771,125$958,350$180,000
LIVINGSTON$498,257$637,950$771,125$958,350$153,000
LOGAN$498,257$637,950$771,125$958,350$150,000
LYON$498,257$637,950$771,125$958,350$129,000
MADISON$498,257$637,950$771,125$958,350$229,000
MAGOFFIN$498,257$637,950$771,125$958,350$17,000
MARION$498,257$637,950$771,125$958,350$147,000
MARSHALL$498,257$637,950$771,125$958,350$119,000
MARTIN$498,257$637,950$771,125$958,350$113,000
MASON$498,257$637,950$771,125$958,350$101,000
MCCRACKEN$498,257$637,950$771,125$958,350$153,000
MCCREARY$498,257$637,950$771,125$958,350$71,000
MCLEAN$498,257$637,950$771,125$958,350$170,000
MEADE$498,257$637,950$771,125$958,350$201,000
MENIFEE$498,257$637,950$771,125$958,350$170,000
MERCER$498,257$637,950$771,125$958,350$161,000
METCALFE$498,257$637,950$771,125$958,350$130,000
MONROE$498,257$637,950$771,125$958,350$55,000
MONTGOMERY$498,257$637,950$771,125$958,350$170,000
MORGAN$498,257$637,950$771,125$958,350$88,000
MUHLENBERG$498,257$637,950$771,125$958,350$85,000
NELSON$498,257$637,950$771,125$958,350$205,000
NICHOLAS$498,257$637,950$771,125$958,350$100,000
OHIO$498,257$637,950$771,125$958,350$87,000
OLDHAM$498,257$637,950$771,125$958,350$390,000
OWEN$498,257$637,950$771,125$958,350$84,000
OWSLEY$498,257$637,950$771,125$958,350$100,000
PENDLETON$498,257$637,950$771,125$958,350$335,000
PERRY$498,257$637,950$771,125$958,350$111,000
PIKE$498,257$637,950$771,125$958,350$75,000
POWELL$498,257$637,950$771,125$958,350$77,000
PULASKI$498,257$637,950$771,125$958,350$125,000
ROBERTSON$498,257$637,950$771,125$958,350$74,000
ROCKCASTLE$498,257$637,950$771,125$958,350$80,000
ROWAN$498,257$637,950$771,125$958,350$140,000
RUSSELL$498,257$637,950$771,125$958,350$66,000
SCOTT$498,257$637,950$771,125$958,350$277,000
SHELBY$498,257$637,950$771,125$958,350$390,000
SIMPSON$498,257$637,950$771,125$958,350$219,000
SPENCER$498,257$637,950$771,125$958,350$390,000
TAYLOR$498,257$637,950$771,125$958,350$120,000
TODD$498,257$637,950$771,125$958,350$150,000
TRIGG$498,257$637,950$771,125$958,350$290,000
TRIMBLE$498,257$637,950$771,125$958,350$112,000
UNION$498,257$637,950$771,125$958,350$60,000
WARREN$498,257$637,950$771,125$958,350$246,000
WASHINGTON$498,257$637,950$771,125$958,350$155,000
WAYNE$498,257$637,950$771,125$958,350$50,000
WEBSTER$498,257$637,950$771,125$958,350$60,000
WHITLEY$498,257$637,950$771,125$958,350$137,000
WOLFE$498,257$637,950$771,125$958,350$70,000
WOODFORD$498,257$637,950$771,125$958,350$277,000

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Changes to local home prices determine the FHA loan limits each year. The National Housing Act states that FHA loan limits are a percentage of the limits for conventional loans set by the Federal Housing Finance Agency (FHFA).

The “floor” is the lowest FHA loan limit and is set at 65% of the 2024 conforming loan limit of $766,550, while the “ceiling” is the highest FHA limit at 150% of the conforming loan limit.

When applying for an FHA loan, Kentucky homebuyers will need to meet the following requirements:

 Credit score and down payment. Most lenders will want borrowers to have a credit score of at least 580 to make a 3.5% down payment, or at the very least, a score of 500 to put 10% down.
 Income history. While there isn’t a required annual salary you have to make, you will need to show stable employment and income history for the last two years.
 Debt-to-income ratio. Lenders will look at your debt-to-income (DTI) ratio to determine the total debt owed divided by pre-taxed income, and typically like to see no higher than 43%.
 Primary residence. Homeowners must use any home bought with an FHA loan as a primary residence and not for a business or rental.
 Home appraisal. FHA loans have specific FHA home appraisal guidelines that must be passed during assessment.
 Mortgage insurance. You’ll need to pay for two types of FHA mortgage insurance that include an upfront cost of 1.75% of the loan amount, and an annual premium that ranges between 0.15% and 0.75% of the loan amount that is added to each monthly payment.

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Buying a multifamily property with an FHA loan

The FHA loan program also allows you to buy a multifamily home of two to four units with only a 3.5% down payment. Homebuyers will need to qualify, and while eligibility can vary amongst lenders, the main borrower requirements typically include the following:

 Credit score of at least 580 (for a 3.5% down payment)
 Proof of income for the past two years
 Debt-to-income ratio of 43% or less
 Using home as a primary residence for at least a year

Number of unitsLow-cost FHA loan limit
Two$637,950
Three$771,125
Four$958,350

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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