FHA Loans
Florence, Kentucky
Just 3.5% down payment with flexible credit requirements. FHA financing makes homeownership accessible for Florence first-time buyers and families rebuilding credit.
Florence FHA Loan Benefits
3.5% Down
Just $9,975 down on a $285K Florence home
580 Credit Score
Lower minimums than conventional loans
Gift Funds Allowed
100% of down payment can be a gift
KHC Assistance
Stack with KY down payment programs
Florence FHA Requirements
Credit Score: 580+
Lower scores accepted with 10% down
DTI Ratio: Up to 43%
Higher DTI possible with compensating factors
Employment: 2-Year History
Stable income verification required
Primary Residence Only
Must occupy within 60 days of closing
Florence FHA Example
*Plus closing costs, which may also be covered by seller credits or additional assistance
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Florence FHA Loan FAQs
What credit score do I need for an FHA loan in Florence?
FHA loans in Florence accept credit scores as low as 580 with 3.5% down, or 500-579 with 10% down. This flexibility makes FHA popular with first-time buyers in Boone County who may have limited credit history.
What is the FHA loan limit in Boone County 2026?
The 2026 FHA loan limit for Boone County is $541,287 for single-family homes. Florence's median home price of $285,000 means most homes qualify for FHA financing.
Can I use KHC down payment assistance with FHA in Florence?
Yes! Kentucky Housing Corporation programs work with FHA loans. The KHC Regular DAP provides up to $6,000, and the Affordable DAP offers up to 4% of the loan amount for down payment and closing costs.
How long do I have to live in my Florence FHA home?
FHA requires owner-occupancy for at least one year. After 12 months, you can convert it to a rental property if needed, making FHA a smart first step into real estate investing.
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