Mortgage Rule Changes: A year later


What it was then: You could get a mortgage with zero downpayment which meant the lenders would provide a mortgage for 100% of the purchase price.What it is now: You must have at least 5% of the purchase price as a down payment from your own resources, a gift from relatives or borrowed via a separate loan or line of credit as the lenders will now only provide up to 95% of the purchase price.

 

mortgage-lexington-ky

 

via Mortgage Rule Changes: A year later.

via Mortgage Rule Changes: A year later.

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
kentuckyloan@gmail.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*

Louisville, KY 40222*

ee139-140e761e2742cd38159923b9ddbba1df

 

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One thought on “Mortgage Rule Changes: A year later

  1. Pingback: What You Need To Know About A Mortgage… BEFORE You Get One!!! | Kentucky USDA RHS Rural Housing Mortgage Loans

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