MRB Loan Program

MRB Loan Program This Kentucky down payment program is for first time home buyers who meet annual income guidelines for their county and family size and purchase a principal residences for less than $265,000 are eligible for a 30 year, fixed rate mortgage. Under the MRB umbrella, Kentucky offers several loan options: the Conventional No Mortgage Insurance Program (minimum credit score of 680, 3 percent Kentucky down and no MI, no Kentucky borrower contribution necessary, and can be paired with Kentucky down payment assistance), Conventional with MI (only difference is MI is required), and FHA, VA and RHS loans (minimum credit score of 640 and can be paired with Kentucky down payment assistance).