Category Archives: Down Payment assistance and closing costs

2017 Kentucky First Time Home Buyer Grant for $10,000 from Kentucky Housing


2017  Kentucky Home Buyer programs that Kentucky Home buyers use to purchase their first home.       — Joel Lobb Senior  Loan Officer (NMLS#57916) phone: (502) 905-3708  Fax:     (502) 327-9119 kentuckyloan@gmail.com   http://www.mylouisvillekentuckymortgage.com/ The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.  The […]
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Five strategies for first time home buyers Kentucky 2017


Financial expert Mark Lamkin explains the best way get your finances in order and start your search. Source: Five strategies for first time home buyers      

Kentucky FHA Loans Compared to Kentucky Conventional Loans


  Which Loan is better for you? Kentucky FHA Loans are good for borrowers who have the following: • Credit scores less than 680. • Less than 5% down payment and no reserves to use. • Borrowers with past foreclosures between 3 and 7 years old. • Borrowers with past short sales between 2 and […]
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$10,000 DOWN PAYMENT ASSISTANCE GRANT FOR LOUISVILLE KENTUCKY HOME BUYERS BEGINNING SEPTEMBER 1ST 2016


  Get Ready Louisville Kentucky First Time Home Buyers. KHC is offer $4 million in funding available with new reservations on or after Thursday, September 1, 2016. This will go super fast so I recommend have a house under contract before that date so you can attempt to secure the $10,0000 Downpayment Assistance Grant. First […]
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LOUISVILLE, KENTUCKY FIRST-TIME HOME BUYER WHO COULD USE $15,000 IN FREE DOWN PAYMENT MONEY and 0% interest. Have you been waiting to buy a home?


  SHARE IF YOU KNOW A LOUISVILLE, KENTUCKY FIRST-TIME HOME BUYER WHO COULD USE $15,000 IN FREE DOWN PAYMENT MONEY and 0% interest. Have you been waiting to buy a home? NOW is the time! Kentucky Housing Corporation has a program coming out January 20th. Here are the basics: *ZERO percent interest rate *A non-repayable […]
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$10,000 Down payment Assistance Grant for Kentucky First Time Home buyers 2017


 Kentucky First Time Home Buyer Common Questions and Answers: ∘ 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 most […]
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Kentucky Fannie Mae Mortgage Guideline Changes for 2015


Fannie Mae Kentucky Conforming Guideline Changes The following guideline changes are effective immediately for all Kentucky Fannie MaeF Conventional loans; however DU will not be updated to reflect these changes until August 15th 2015 Conversion of Currently Primary Residence Requirements for conversion of a borrower’s current primary residence to secondary or investment have been removed. […]
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Down Payment Assistance Program for Jefferson County Kentucky Louisville


Kentucky Housing recognizes that down payments, closing costs and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your KHC-approved lender can help you apply for the program that meets your need.Regular DAPPurchase price up to $243,000.Assistance in the form of a loan up to $6,000 in $100 increments.Repayable over a […]
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The Ins and Outs of IDA       Kentucky Individual Development Accounts (IDAs) are a great way to help borrowers realize their dream of home ownership in Kentucky .   A IDA is a special savings account that matches deposits of low to moderate income individuals and is designed to encourage good savings habits. […]
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KHC Loan Programs


KHC Loan Programs. KHC offers two different funding sources: Secondary Market and MRB. SECONDARY MARKET FUNDING SOURCE First-time and repeat homebuyers statewide 30-year fixed interest rate Principle residence ONLY Purchase Price Limit: $243,000 Borrower must meet KHC’s Secondary Market Income Limits Conventional No Mortgage Insurance Program Minimum credit score of 680 3 percent down payment […]
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