Category Archives: credit score

Louisville Kentucky First Time Home Buyer Programs and Resources


Louisville Kentucky First Time Home Buyer Programs and Resources. via Louisville Kentucky First Time Home Buyer Programs and Resources. —   Joel Lobb Senior  Loan Officer (NMLS#57916)   American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223 phone: (502) 905-3708  Fax:     (502) 327-9119 kentuckyloan@gmail.com    Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com/  

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 […]
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FHA changes may aid those who lost homes


FHA changes may aid those who lost homes. The Federal Housing Authority has shortened the mandatory waiting periods for an Kentucky  FHA-insured mortgage loan for those who have undergone foreclosure, deed-in-lieu, taken a short sale or declared bankruptcy during the economic recession.   Through its new program, Back to Work—Extenuating Circumstances, the waiting period for […]
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Kentucky FHA Credit Score Requirements for 2014, Based on Lender Feedback


Kentucky FHA Credit Score Requirements for 2014,  We’ve spent the last few days querying mortgage lenders about their credit score requirements for FHA loans. Specifically, we asked lenders if they expect to make any major changes next year, as far as credit scores are concerned. As it turns out, FHA credit score requirements in 2014 […]
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Louisville Kentucky First Time Home Buyer Loans


Louisville Kentucky First Time Home Buyer Loans. via Louisville Kentucky First Time Home Buyer Loans.     Credit Scores FHA Collections and Disputed Accounts Beginning October 15th, FHA is changing how they will be handling Collections and Disputed Accounts. Collections If the sum of the borrower’s Collection Accounts total less than $2000, then payments for […]
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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 […]
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Signs of credit-score easing for buyers as market softens | Business & Technology | The Seattle Times


Signs of credit-score easing for buyers as market softens | Business & Technology | The Seattle Times.

What does it take to get a mortgage today? – Half Moon Bay Review : Community


What does it take to get a mortgage today? – Half Moon Bay Review : Community. Your debt to income ratio cannot exceed 45 percent. The higher your credit score, the lower the mortgage rate. A score of 740 or above will give the best rate; a 690 will work, but you will pay between […]
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