Category Archives: Credit Scores

in kentucky

2019 Kentucky First Time Home Buyer Loan Programs


Kentucky First Time Home Buyer Loan

Advertisements

How are collections treated on a Mortgage loan in Kentucky for a FHA and Conventional Loan Approval?


Collection Account Tips for Fannie Mae and FHA Loan in Kentucky. Do they have to be paid to get approved for a Kentucky Mortgage Loan? Collection accounts  on the credit report can sometimes hurt your chances of getting approved for a Kentucky Mortgage loan in Two ways: First, if collections are recent, they may drag […]
Read More »

Lenders continue to lower FICO requirements for new homebuyers


  The average agency FICO score for banks is high at 745, compared to 713 at nonbank lending institutions.  Both show FICO requirements are on the way down, but it’s more pronounced at the nonbanks. Here’s why. Source: Lenders continue to lower FICO requirements for new homebuyers   The nation’s major banks are continuing to […]
Read More »

HOW DO I GET MY CREDIT SCORE THAT MATTERS


Source: HOW DO I GET MY CREDIT SCORE THAT MATTERS   What factors influence how long it takes to repair your credit? When a new client comes into our office to first go over their credit repair plan, they always ask the question, “How long will it take to bring my score back up?” Of […]
Read More »

2019 Kentucky First Time Home Buyer Loan Programs


Kentucky First Time Home Buyer Loan

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 […]
Read More »

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 […]
Read More »

How to boost your credit score for A Mortgage Loan Approval in Kentucky!


  Want to increase your credit score before buying a home? It might be easier than you think. Focus on these 6 steps and watch your score climb. Source: How to boost your credit score What Can Improve a Credit Score Keep Your Balances Low It’s important that you try to keep your balances at […]
Read More »

Kentucky Housing Corporation (KHC) has $3 million available in MRB, Special Funding, for active or non-active duty veterans at a 2 percent interest rate, fixed for 30 years.


Special Funding, for active or non-active duty veterans at a 2 percent interest rate, fixed for 30 years. Operation KY Home – MRB Special Funding Program Kentucky Housing Corporation (KHC) has $3 million available in MRB, Special Funding, for active or non-active duty veterans at a 2 percent interest rate, fixed for 30 years. This […]
Read More »

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 […]
Read More »