Category Archives: Documents needed for Kentucky Mortgage Loan Approval

Kentucky FHA Loan Requirements for 2019


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Kentucky FHA Loan Requirements The requirements for Kentucky FHA loans are set by HUD. Borrowers must have a steady employment history of the last two years within the same industry or line of work. Recent college graduates can use their transcripts to supplant the 2 year work…

2019 Kentucky First Time Home Buyer Loan Programs


Kentucky First Time Home Buyer Loan

First Time Home Buyer Grants Kentucky

Down payment Assistance Grants for Kentucky First Time Home buyers 2019


First Time Home Buyer Assistance Kentucky Grants 2019 $6000 DAP

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 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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Self-Employed with Income and Getting Approved for a Home Mortgage Loan in Kentucky?


Self Employed Income for FHA, VA, USDA and KHC Mortgage Loans Guidelines   • A borrower is considered self employed if they have 25% or more ownership in a business.   • Contract or 1099 employees are self employed borrowers   • There are 4 types of self employed business structures o  Sole Proprietorships o  […]
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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 paperwork is needed for a Mortgage Loan Pre-Approval in Kentucky?


What Paperwork Will I Need? Minimum Documentation List Last 30 days pay stubs for all borrowers Last 2 years w2 statement for all borrowers Last 2 years tax returns, all schedules Minimum: Verbal of source cash to close will come from (assets, gift, equity) Additional Documentation – Verbal of balances ok to start Last 60 days […]
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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 […]
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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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