Category Archives: Common Questions from Kentucky First-time Homebuyers

What kind of income is allowed and needed for a FHA, VA, USDA and Fannie Mae Mortgage Loan Approval in Kentucky?


Income and your job history  plays a significant role when applying for a mortgage loan and getting approved for one for Kentucky Homebuyers . Mortgage Underwriters from FHA, VA, USDA and Fannie Mae  must follow both Fannie Mae  and agency guidelines when it comes to documenting and calculating qualifying income for a loan transaction. Income guidelines […]
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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 […]
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Fannie Mae Mortgage Student Loan Solutions Frequently Asked Questions


  Fannie Mae Student Loan Solutions Frequently Asked Questions Listed below are common questions about Fannie Mae’s Student Loan Solutions. Q1. How does Fannie Mae anticipate Student Loan Solutions will benefit borrowers? Forty-four million Americans today have student loan debt; seven in 10 graduates of public and nonprofit colleges in 2015 had student loan debt; […]
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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 […]
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Five strategies for first time home buyers Kentucky 2018


Financial expert Mark Lamkin explains the best way get your finances in order and start your search. Kentucky First Time Home Buyer Programs for 2018 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky A Kentucky Mortgage Loan Officer specializing in FHA, VA, USDA, First Time Buyers and KHC. This website is not an […]
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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 […]
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Kentucky FHA Loans Compared to Kentucky Conventional Loans


  When it comes to financing a home a buyer is faced with the decision of what type of loan they want. The two most common choices are FHA or Conventional. Both have their advantages and disadvantages. Follow the chart below to see which one is a fit for you! For more information on homes […]
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2018 Kentucky First Time Home Buyer Loan Programs


Kentucky First Time Home Buyer Loan

Kentucky Housing Offering 2% fixed 30 year fixed rate home loans for Kentucky First Time Home Buyers with household incomes less than $35,000


  KHC is offering a very low fixed rate on a first-come, first-serve basis for Kentucky Home Buyers.  It can be used for FHA, VA, USDA  and still go no money down with this low rate. The $6000 and $4500 Down Payment Assistance Funds can be used in conjunction with this 30 year fixed rate […]
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$10,000 Down payment Assistance Grant for Kentucky First Time Home buyers 2018


        Kentucky First Time Home Buyer Common Questions and Answers:     ∘ 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 620 for KY First Time Home Buyers looking to go […]
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