Kentucky First Time Home Buyer Programs

Kentucky Mortgage Underwriting Guidelines for a Loan Approval


    5 popular programs that Kentucky Home buyers use to purchase their first home.     Conventional Loan • At least 3%-5% down • Closing costs will vary on which rate you choose and the lender. Typically the higher the rate, the lesser closing costs due to the lender giving you a lender credit back […]
Read More »

2018 Kentucky First Time Home Buyer Down Payment Assistance for $10,0000 from Kentucky Housing


Kentucky First Time Home Buyer Programs for 2018 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky $10,000 Down payment Assistance Grant for Kentucky First Time Home buyers 2018   $10,000 HHF DAP Available Kentucky Housing Corporation (KHC) is proud to announce a new round of Hardest Hit Fund (HHF) Down payment Assistance Program (DAP), a […]
Read More »

Kentucky FHA Loan Requirements for 2018


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Kentucky FHA Loan Requirements The requirements for Kentucky FHA loans are set by HUD. Borrowers must have a steady employment history of the last two years within the same industry or line of work. Recent college graduates can use their transcripts to supplant the 2 year work…

Kentucky First Time Home Buyer Questions to Ask Your Lender?


  Kentucky First Time Home Buyer Questions to Ask Your Lender? ∘ What kind of credit score do I need to qualify for different first time home buyer loans in Kentucky? Answer. Most lenders will wants a middle credit score of 640 for KY First Time Home Buyers looking to go no money down. The two […]
Read More »

2018 Kentucky First Time Home Buyer Loan Programs


2018 Kentucky First Time Home Buyer Loan Programs There are 4 basic things that a borrower needs to show a lender in order to get approved for a mortgage. Each category has so many what ifs and sub plots that each box can read as it’s own novel. In other words, each category has so […]
Read More »

$10,000 DOWN PAYMENT ASSISTANCE GRANT FOR LOUISVILLE KENTUCKY HOME BUYERS in JEFFERSON COUNTY KY 2018


$10,000 Down Payment Grant from Kentucky Housing for 2018 First Time Home Buyers   No Cost or Obligation Easy Loan Process Flexible Underwriting Expert Advice on the Kentucky Housing $10,000 Grant for First Time Home Buyers in Kentucky You can now get up to $10,000 at closing to help towards your down payment and closing […]
Read More »

$10,000 Down payment Assistance Grant for Kentucky First Time Home buyers 2018


  $10,000 HHF DAP Available Kentucky Housing Corporation (KHC) is proud to announce a new round of Hardest Hit Fund (HHF) Down payment Assistance Program (DAP), a total of $5 million will be available for new reservations beginning today, Tuesday, January 9, 2018, at 10 am, ET. The HHF DAP will be available on a first-come, first served basis, based on […]
Read More »

Obtaining new financing after a Short Sale or Foreclosure for a Kentucky USDA, FHA, VA, and Fannie Mae Loan


  Kentucky Mortgage Short Sale: Conventional Loans Require: Minimum 2 years with restrictions up to 7 years 2 to 4 years – 80% maximum LTV 4 to 7 years – 90% maximum LTV 7 years and after allow for maximum standard financing Kentucky FHA and Kentucky VA Loans Require: 3 years, with exceptions possible for […]
Read More »

Down Payment Assistance Program for Jefferson County Kentucky Louisville


Down Payment and Closing Costs Assistance for Jefferson County Kentucky Metro Area home buyers Kentucky Housing recognizes that down payments, closing costs and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your KHC-approved lender can help you apply for the program that meets your need. Regular DAP Purchase price up […]
Read More »

Kentucky FHA Streamline Refinance for 2014


Kentucky FHA Streamline Refinance MIP (For Loans Endorsed Before June 1, 2009) If the existing Kentucky FHA mortgage was endorsed prior to June 1, 2009, the mortgage insurance premiums have been “grandfathered”. Upfront Mortgage Insurance Premiums (UFMIP) For an FHA Streamline Refinance that replaces a loan endorsed prior to June 1, 2009, the new FHA […]
Read More »

Kentucky Housing Down Payment Assistance for 2015 DAP funds for KY First Time Home Buyers


Kentucky Housing Down Payment Assistance for 2014 DAP funds for KY First Time Home Buyers

Debt to Income Ratios for A Kentucky Mortgage Loan


Debt to Income Ratios for A Kentucky Mortgage Loan There are two debt-to-income (DTI) ratios on every loan: housing or front-end ratio and total or back-end ratio. The housing ratio tells us what percentage of the borrower’s monthly gross income is allocated toward the monthly principal, interest, tax, and insurance (PITI) payment. The total ratio […]
Read More »

Kentucky First Time Home Buyer loans for FHA, VA, KHC, Kentucky Housing, Rural Housing USDA Loan, 100% Financing


First Time Home Buyer loans for FHA, VA, KHC, Kentucky Housing, Rural Housing USDA Loan, 100% Financing

First Time Home Buyer in Kentucky Zero Down


Kentucky First Time Home Buyer Programs for 2017   Kentucky First Time Home Buyer Programs for 2017   There are basically 5 popular 2017  Kentucky Home Buyer programs that Kentucky Home buyers use to purchase their first home.   Conventional Loan • At least 3%-5% down • Closing costs will vary on which rate you […]
Read More »

Louisville Kentucky Mortgage Loan Guidelines for 2013 FHA, VA, USDA, RHS, RD, Fannie Mae, Freddie Mac, $100 Down, HUD FHA


http://www.youtube.com/watch?v=cm8bGowPWM8

Ditch your spouse when buying that house – NASDAQ.com


Ditch your spouse when buying that house – NASDAQ.com. Based on the worst credit score  “Your spouse’s lower score might make it hard to get a mortgage or get a mortgage at a good rate,” says Anthony Sprauve, director of public relations with myFICO.com in San Jose, Calif.   “Lenders don’t take an average between your two […]
Read More »

Credit Bruises May Increase Your Mortgage Rate


Credit Bruises May Increase Your Mortgage Rate. I specialize in Kentucky FHA, VA, USDA, KHC, Jumbo and Fannie Mae mortgage loans in Ky. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; For the first time buyer with little money, Kentucky Housing/KHC offers(zero-down)loans with […]
Read More »

Kentucky VA Funding Fee info for 2013 Mortgage Loans


  Kentucky VA Funding Fee info for 2013 Mortgage Loans Funding FEE Funding Fee may be waived for disabled veterans. Purchase Loans Type of Veteran Down Payment Percentage for 1sttime use Percentage for subsequent use Regular Military <5% >5% but <10% 10% or more 2.15% 1.50% 1.25% 3.30% 1.50% 1.25% Reserves/ National Guard <5% >5% […]
Read More »

A Complete Guide to Closing Costs


  A Complete Guide to Closing Costs.    Complete Guide to Closing Costs A Complete Guide to Closing Costs Types of Closing Costs Let’s talk briefly about the types of closing costs you might encounter and how much those costs tend to run. Understand that closing costs, especially tax-related costs, will vary widely depending on […]
Read More »

What’s a USDA Loan?


Kentucky USDA Rural Housing Loans

HUD Good Neighbor Program Home Foreclosure Deal


HUD Good Neighbor Program Home Foreclosure Deal. via HUD Good Neighbor Program Home Foreclosure Deal. “Low Rates and Fast Closings!- Honest, Friendly local advice.” Mortgage Broker or Lender at Key Financial Mortgage of Kentucky NMLS #1800 Louisville, KY License: NMLS #57916 (502) 905-3708 Contact Me   Find me online KentuckyLoanhttp://louisvillemortgageguide.comhttp://kentuckyusdaloan.comKentucky FHA loan GuideKentucky First Time […]
Read More »

Louisville Kentucky First Time Home Buyer Booklet From HUD from Louisville Kentucky Mortgage Lender


Louisville Kentucky First Time Home Buyer Booklet From HUD from Louisville Kentucky Mortgage Lender

Scary times hit mortgage shoppers – Jun. 28, 2013


Scary times hit mortgage shoppers – Jun. 28, 2013. For buyers, waiting can prove even more costly. Joshua Barthen said he heeded those who said interest rates would stay low through the end of the year and the Louisville resident and his wife took time shopping for an upgrade from their two-bedroom, one-bath house. “I thought […]
Read More »

Homeownership Assistance Programs: Kentucky


Homeownership Assistance Programs: Kentucky. via Homeownership Assistance Programs: Kentucky. Underwriting Guidelines Louisville Mortgage Underwriting Guidelines Understanding Louisville Mortgage mortgage underwriting guidelines will help you understand your loan options when purchasing or refinacing a home. Now that you have found your dream house, you are going to need to apply for a Louisville Mortgage mortgage loan. Your […]
Read More »

Kentucky Mortgage Underwriting Guidelines updated for 2013


Kentucky Mortgage Underwriting Guidelines updated for 2013 Applying for a Kentucky Mortgage in 2013 has changed a lot since the go go years of the mid 2000’s.  Most Kentucky home buyers will need to gather and document the information upfront so you will have minimal problems once the underwriter issues your final mortgage loan approval .  Let’s […]
Read More »

No Down Payment Mortgage Loan Louisville Ky


 No Down Payment Mortgage Loan Louisville Ky via #1 No Down Payment Loan Louisville Ky.  No Down Payment Mortgage Loan Louisville Ky Zero Down Loans First Time Home Buyer Louisville Kentucky Mortgage Programs All Kentucky Housing first mortgage loans are for a 30-year term at a fixed rate of interest. The home you purchase through […]
Read More »

Kentucky Mortgage Refinance Questions to ask: Kentucky Housing VA FHA KHC USDA and FNMA


Six questions to ask before refinancing your mortgage Kentucky Housing VA FHA KHC USDA and FNMA Kentucky Mortgage Refinance Questions to ask Kentucky Housing VA FHA KHC USDA and FNMA Are you thinking about refinancing your kentucky mortgage? Are you not sure how much money you’ll save if you do – or if you’ll even qualify […]
Read More »

Realty Times – Get a HUD Home for $100 Down Get a HUD Home for $100 Down | Kentucky First Time Home Buyer Mortgage Loan


Realty Times – Get a HUD Home for $100 Down. via Realty Times – Get a HUD Home for $100 Down. Get a HUD Home for $100 Down | Kentucky First Time Home Buyer Mortgage Loan HUD Homes are Foreclosures owned by the Department of Housing and Urban Development (HUD) that were previously financed with […]
Read More »

FHFA AUTHORIZES FANNIE MAE AND FREDDIE MAC TO EXPAND HOME AFFORDABLE REFINANCE PROGRAM TO 125 PERCENT LOAN-TO-VALUE


Originally posted on First Home Guy:
This is great news for most American who did 100% mortgages at the top of the real estate market and now they owe more than their house is worth. This will give all those people who qualify a chance to refinance into today’s low rates giving them a lower…

Four Rules For a Home Run Refinance | Equifax Finance Blog


Four Rules For a Home Run Refinance | Equifax Finance Blog. 1. Lower the interest rate With record-low interest rates coming out every week, chances are you can do better than the 11 percent, 7 percent, or even 5 percent interest rate you have now. Credit is a major factor in getting the lowest interest […]
Read More »

Different Types of Mortgage Loans available for 2013 Kentucky Home buyers and homeowners


All loans are subject to credit approval. Kentucky VA High Balance FICO Requirements Minimum credit scores for Kentucky VA loans greater than $417,000 have been lowered to the following Purchase/Rate-Term/IRRRL – Loan amount ≤ $1,000,000 : 640                                                     Loan amount > $1,000,000 : 700   Cash Out –                                  Loan amount ≤ $700,000 : 640                                                     Loan amount $700,001 […]
Read More »

6 reasons why down payment assistance matters


        6 reasons why down payment assistance matters. via 6 reasons why down payment assistance matters.   Preventing Your Closing From Being Delayed or Cancelled In the period of time between writing an offer and getting to the closing table, there are more things that can occur to derail the purchase than […]
Read More »

Kentucky First Time Home Buyer Grants and Loan Programs


Kentucky First Time Home Buyer Grants and Loan Programs Kentucky first time home buyer grants and loan programs – The Kentucky Housing Corporation (KHC) offers programs for first time home buyers. The KHC offers home ownership education classes as well as low interest rate, 30 year home loans/mortgages through participating lenders. Many of the programs […]
Read More »

Kentucky FHA loan requirements – 2013 – 7 tips – Louisville Kentucky Mortgage


FHA loan requirements – 2010 – 7 tips – Louisville Kentucky Mortgage.   Related Articles Kentucky Mortgage Rates (kentuckyvaloan.com) Louisville Kentucky First Time Home Buyer: The Big 3 Govie Loans: Comparing VA to FHA and USD… (louisvillekentuckyvamortgage.blogspot.com) Louisville Kentucky First Time Home Buyer: The Big 3 Govie Loans: Comparing VA to FHA and USD… (mylouisvillekentuckymortgage.com) […]
Read More »

Kentucky Housing first mortgage loans guidelines for 2013


 Kentucky Housing first mortgage loans guidelines for 2013 KHC Loan Programs MRB All MRB Kentucky Housing first mortgage loans are for a 30-year term at a fixed rate of interest. The home you purchase through Kentucky Housing must be the only residential property you own and you must occupy the home as your principal residence while the […]
Read More »

Kentucky Housing first mortgage loans guidelines for 2013


 Kentucky Housing first mortgage loans guidelines for 2013 KHC Loan Programs MRB All MRB Kentucky Housing first mortgage loans are for a 30-year term at a fixed rate of interest. The home you purchase through Kentucky Housing must be the only residential property you own and you must occupy the home as your principal residence while the […]
Read More »

Louisville Kentucky FHA 203K Streamline Program


FHA 203K Streamline Program Louisville Kentucky FHA 203K Streamline Program FHA 203K Streamline Program The FHA 203K Streamline Program provides up to $35,000 toward property repair or rehabilitation, and combines it with funds needed to purchase or refinance.  Only one appraisal is required to show the value with the improvements. If the lender is a Third Party Originator (TPO), […]
Read More »

Jefferson County Kentucky Fannie Mae Homepath Homes for Sales in Louisville Kentucky


Jefferson County Kentucky Fannie Mae Homepath Homes for Sales in Louisville Kentucky Address  City Zip  Property Type  Status  Bed  Bath  Price  HomePath Financing  2249 Peaslee Rd Louisville, KY 40216 Single-Family Active 3 br 1 ba $106,990 YES  Save  Map ONLINE OFFER 1422 Christy Ave Louisville, KY 40204 Single-Family Back on Market 2 br 2 ba $102,900 […]
Read More »

First Time Home Buyer Louisville Kentucky Mortgage Programs


First Time Home Buyer Louisville Kentucky Mortgage Programs. via First Time Home Buyer Louisville Kentucky Mortgage Programs. Related articles Kentucky Rural Housing USDA Guidelines 2011 (via Kentucky First Time Home Buyer Mortgage Loan) (louisvillemortgageguide.com) Down Payment and Closing Costs Assistance (louisvillekentuckymortgagerates.com) Louisville Kentucky FHA Loans (louisvillemortgageguide.com) Kentucky First Time Home Buyer Grants and Loan Programs (louisvillemortgageguide.com) Louisville […]
Read More »

Kentucky Home Buyer & Homeowner Mortgage Guide


Kentucky Home Buyer & Homeowner Mortgage Guide US Dept of Housing and Urban Development: (HUD) Homeownership Assistance in KY HUD approved housing counseling agencies in KY US Dept of Veterans Affairs- Louisville Office Kentucky Housing Corporation (KHC) State Housing Finance Agency KHC Homeownership Opportunities KHC Down Payment and Closing Cost Assistance KHC approved mortgage lenders […]
Read More »

HUD Homes in KY


Search Results for HUD Homes in KY 1 | 2 |   31 listings found       List Gallery Save Search Email Search   View Map Export to     Display: 5 10 20     Property Case Address Price Status Bed Bath Listing Period Bid Open Date Details   201-314012 41 Setting Sun […]
Read More »

2012 Fort Knox Kentucky and Fort Cambell Ky and all BAH Rates for Kentucky Military


2012 Fort Knox Kentucky and Fort Cambell Ky  BAH Rates for Kentucky Military Year Rank With Dependents Without Dependents 2012 E1 $900 (+8.3%) $675 (+8.2%) 2012 E2 $900 (+8.3%) $675 (+8.2%) 2012 E3 $900 (+8.3%) $675 (+8.2%) 2012 E4 $900 (+8.3%) $675 (+8.2%) 2012 E5 $975 (+10.2%) $735 (+4.3%) 2012 E6 $1,254 (+6.9%) $942 (+7.2%) 2012 […]
Read More »

KHC Mortgage Interest Rates 2011


KHC Mortgage Interest Rates as of 10/24/2011, 10:00 a.m. ET Rates subject to change without notice.   Secondary Market Interest Rates NEW – EFFECTIVE 10/17/11 – PROGRAM CHANGED TO ZERO POINT Only available for FHA Mortgagee or Delegated Lenders Minimum 640 credit score required   Loan Type Rate without DAP* Rate with DAP FHA only 4.250% 4.375% RHS only […]
Read More »

Louisville Kentucky Down Payment Assistance and Closing Costs


Louisville Kentucky Down Payment and Closing Costs Assistance   Louisville Kentucky Kentucky Housing recognizes that down payments, closing costs and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your KHC-approved lender can help you apply for the program that meets your needs. Louisville Kentucky Regular Down payment Assistance Program (DAP) […]
Read More »

How does Kentucky FHA Mortgage Loans Work for Kentucky First Time Home Buyers?


How does Kentucky  FHA Mortgage Loans Work for Kentucky First  Time Home Buyers?   An Kentucky FHA loan is backed by the Federal Housing   Administration, which means if a borrower defaults on the   loan, the FHA guarantees it will pay the lender. As a result,   lenders will issue larger loan amounts and give […]
Read More »

Credit Scores and the Kentucky USDA Rural Development Loan Program


  Credit Scores and the Kentucky USDA Rural Development Loan Program The USDA Rural Development Loan Program is by far the most credit score friendly loan program currently available. While USDA is willing to work with scores lower than 640 most lenders won’t. Thus, pragmatically the minimum credit score required by USDA is 640. For […]
Read More »

Better lock in a mortgage rate now Kentucky – USA Today


Better lock in a mortgage rate now Kentucky –  USA Today.   Better lock in a mortgage rate now Kentucky by Sandra Block on Jul. 29, 2011, under USA Today News   If you’re considering buying a home or planning to refinance, here’s some advice: lock in a Kentucky  mortgage rate. Now. Kentucky Mortgage rates, which […]
Read More »

Tips for Shopping for A Louisville Kentucky Mortgage


Tips for Shopping for A Louisville Kentucky Mortgage Printable version (94 KB PDF)   |  ESPAÑOL Know what you can afford. Review your monthly spending plan to estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance and utilities. Make sure you save for emergencies. Plan […]
Read More »

Kentucky Fannie Mae Homepath


  HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. Benefits to You, the Borrower Low down payment and flexible mortgage terms (fixed–rate, adjustable rate, or interest–only). Down payment (at […]
Read More »

FHA Home Loans in Kentucky


FHA HOMES LOAN KENTUCKY 2013

Kentucky USDA Rural Development Loans


Originally posted on Kentucky USDA Rural Housing Mortgage Loans:
? Frequently Asked Questions Are only first-time homebuyers eligible? No, you do not have to be a first time home buyer.  The USDA Loan program has no restrictions that prevent previous homeowners from using the program. What is the maximum amount that I can borrow? There…

Kentucky Rural Housing USDA Credit and Income Guidelines for 2018


Originally posted on Kentucky USDA Rural Housing Mortgage Loans:
Kentucky Rural Housing USDA Credit and Income Guidelines for 2018   Kentucky Rural Housing USDA Credit and Income Guidelines for 2018 No Down Payment required, 100% financing available 30 year fixed rate only no other terms allowed. Not limited to First Time Home buyers! Also available…

What is the minimum credit score I need to qualify for a Kentucky FHA, VA, USDA and KHC Conventional mortgage loan in 2018?


What is the minimum credit score I need to qualify for a Kentucky mortgage currently in 2018? Question: What is the current minimum credit scores needed to qualify for a mortgage Loan in 2018? Answer: The minimum credit score needed to qualify for a Kentucky mortgage depends on the type of loan program you are looking to […]
Read More »

2016 KY USDA Rural Housing Income Limits for Kentucky Counties for the Guaranteed RHS Loan


Originally posted on Louisville Kentucky Mortgage Loans:
Source: 2016 KY USDA Rural Housing Income Limits for Kentucky Counties for the Guaranteed RHS Loan

Kentucky FHA Appraisal Requirements For A Mortgage Loan Approval.


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Kentucky FHA Appraisal Requirements For A Mortgage Loan Approval. ? Ordered through a third party source. Interested/vested parties may not initiate the appraisal. I.E> buyers, sellers, realtors, loan officer, family members Property must meet HUD’s minimum property standards. i.e.: permanent heat source, utilities must be on and…

Property Flipping Rules for Mortgages for FHA VA USDA Conventional Appraisals


Property Flipping Rules for Mortgages for FHA VA USDA Conventional Appraisals

MORTGAGE LOAN PAYOFFS FOR USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS IN KENTUCKY


Originally posted on Kentucky USDA Rural Housing Mortgage Loans:
MORTGAGE LOAN PAYOFFS FOR USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS IN KENTUCKY x   USDA DIRECT LOAN PAYOFFS FOR KENTUCKY USDA MORTGAGES MORTGAGE LOAN PAYOFFS FOR USDA RURAL DEVELOPMENT DIRECT HOUSING LOANS Understand that most RD loans have a “Subsidy Recapture” feature. What is this? After a…

First Time Home Buyer Louisville Kentucky Mortgage Programs


Originally posted on Louisville Kentucky Mortgage Loans:
via First Time Home Buyer Louisville Kentucky Mortgage Programs

KENTUCKY HUD REO PROPERTIES ELIGIBLE FOR THE $100 DOWN PAYMENT INCENTIVE


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Effective immediately,  will now accept Kentucky HUD REO purchases where the property is eligible for the $100 down payment incentive when obtaining Kentucky  FHA 203(b) financing. Properties must be in as-in condition and UNOTU subject to any repair escrow requirements. These incentives are provided by HUD and…

Kentucky Fannie Mae and Freddie Mac First Time Home Buyer Education Requirements


Originally posted on Louisville Kentucky Mortgage Rates:
 Kentucky Fannie Mae and Freddie Mac First Time Home Buyer Education Requirements  Kentucky Fannie Mae and Freddie Mac Home Possible Education Requirements Home Possible ® Mortgages Homeownership Education Requirements Home Possible homeownership education requirements, including:  • AIG United Guaranty’s The Road to Home Ownership® at https://www.ugcorp.com/rtho.html • Genworth…