Category Archives: Common Questions from Kentucky First-time Homebuyers

Kentucky Home Buyers. Purchase a Home No Money Down.


         Kentucky Home Buyers Program Summary below 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 […]
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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 2019?


What is the minimum credit score I need to qualify for a Kentucky mortgage currently in 2019? Question: What is the current minimum credit scores needed to qualify for a Kentucky mortgage Loan in 2019? Answer: The minimum credit score needed to qualify for a Kentucky mortgage depends on the type of loan program you are looking […]
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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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Guidelines Changes on Student Loans for Conventional Fannie Mae, USDA, FHA, and VA Mortgage loans in Kentucky for 2018


For Kentucky Home Buyers using Fannie Mae or Conventional Loans that have student loans reporting a payment on the credit report, we can now use the payment reporting on the credit report even if it is income-based repayment plan. FHA and USDA still will use 1% if the student loans are IBR, but Fannie Mae […]
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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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2019 Kentucky First Time Home Buyer Loan Programs


Kentucky First Time Home Buyer Loan