What FICO® Score Do You Need to Qualify for a Mortgage? – Cape Gazette


Originally posted on Louisville Kentucky Mortgage Loans:
It’s common knowledge that your FICO ® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC… Source: What FICO® Score Do You Need to Qualify for…

Gift Funds for a Kentucky FHA Mortgage


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Getting Gift Funds for your down payment on a Kentucky FHA Mortgage.  What is the Great Way to do it? To avoid getting turn down for your Kentucky FHA mortgage loan if you are getting a gift from your mom, dad or another family member, please follow…

How does Flood Insurance Affect A Kentucky FHA Mortgage Loan Approval?


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
? Here are the facts about flood insurance in regards to FHA mortgage loans in Kentucky: A lender will require if the Kentucky home mortgage property is in a flood zone. High-Risk areas are A or V. Zone X doesn’t require it.  The flood zone is based…

The Basics of Credit Scores for Kentucky Home Buyers and Home Owners


Originally posted on Louisville Kentucky Mortgage Loans:
via The Basics of Credit Scores for Kentucky Home Buyers and Home Owners ? For your free credit report and analysis call us today at 502-905-3708 or email us at kentuckyloan@gmail.com   Joel Lobb (NMLS#57916) Senior  Loan Officer   American Mortgage Solutions, Inc. 10602 Timberwood Circle Suite 3 Louisville, KY…

Kentucky USDA Rural Housing Repair and Grant Program.


Originally posted on Kentucky USDA Mortgage Lender for Rural Housing Mortgage Loans:
Section 504 Repair Loan and Grant Program for Kentucky USDA RHS Loans If you missed the live webinar to learn about recent changes to the Section 504 Single-Family Housing Repair Loan and Grant Program, the presentation slides from the webinar are available on…

FHA Mortgage Insurance for Kentucky Mortgage Loans


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
FHA Mortgage Insurance for Kentucky Mortgage Loans UFMIP FHA Premiums for Kentucky Mortgage Loan Below ? ? Effective for case numbers assigned on and after April 18, 2011, the following premiums apply: LTV ? ? Up-Front and Annual Mortgage Insurance Premium ? Mortgage Term Greater Than 15…

Getting a Home Inspection In Louisville Kentucky- List of Home Inspectors Louisville, KY


Originally posted on Louisville Kentucky Mortgage Loans:
via Getting a Home Inspection In Louisville Kentucky- List of Home Inspectors Louis ville, KY

A Complete Guide to Closing Costs


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
A Complete Guide to Closing Costs. via A Complete Guide to Closing Costs. Five different types of Mortgage Loans avaialbe for first-time homebuyers in Kentucky 1) FHA–  3.5% of the purchase price is required for a down payment. The 3.5% down has to come from buyer funds or…

How to Buy a Home with a Student Loan Debt


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Buying a home can be a nerve-wracking experience, especially if it’s your first time. It may feel even more so if you’re still saddled with student loan debts. Source: How to Buy a Home with a Student Loan Debt Buying a home can be a nerve-wracking experience,…

FHA to make financing easier for condo owners in Kentucky 


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
FHA Condo Approval Kentucky ? ? The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it will now allow individual unit approval and is taking other steps to loosen requirements that make these properties eligible for FHA financing. The…