FHA Loans

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The FHA loan has opened doors for millions of families.

Get an affordable loan with a smaller down payment and other financial advantages. 

Sometimes, it feels like it could take a million years to save up the tens of thousands of dollars needed to qualify for many mortgages. But there is another way. For decades, the Federal Housing Administration has helped clear away financial hurdles and help everyday people obtain the affordable mortgages they need to live their best lives. Paducah Bank lenders are happy to work with you to see if you might qualify.

What is a Kentucky FHA Loan? 

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD). It’s designed to help people who might not qualify for a conventional mortgage, especially first-time homebuyers or those with less-than-perfect credit buy a home.

  • Designed for borrowers with low and modest incomes
  • A popular choice for first-time homebuyers
  • Only 3.5% down payment
  • Flexible credit score requirements
  • Low rates on fixed-rate and adjustable-rate loans 
  • No pre-payment penalties
  • Manufactured and mobile homes ineligible
  • Maximum loan amounts vary by county
 

Get started on your FHA Loan application process with our online mortgage application or find a lender. You can also visit one of our Paducah or Louisville, Kentucky branches.

Kentucky FHA loan benefits

Low down payment

Get an affordable mortgage by putting down as little as 3.5%.

Hard work pays off

Flexible credit guidelines as long as you have a solid employment history.

Local assistance

You'll work directly with friendly Paducah Bank lenders and not government agencies.

Explore your FHA Loan options
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