Category Archives: debt ratios

What does debt to income ratio mean for a Mortgage Loan Approval in Kentucky?


What is Debt to Income Ratio for a mortgage loan approval in Kentucky? If you are looking to purchase your first home in Kentucky,  A key term you will need to know about is your  “debt-to-income ratio,” which refers to the figure you get when you add up all your monthly debt payments and then […]
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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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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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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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