Category Archives: Fannie Mae New Lending Guidelines for Kentucky

Fannie Mae Mortgage Student Loan Solutions Frequently Asked Questions


  Fannie Mae Student Loan Solutions Frequently Asked Questions Listed below are common questions about Fannie Mae’s Student Loan Solutions. Q1. How does Fannie Mae anticipate Student Loan Solutions will benefit borrowers? Forty-four million Americans today have student loan debt; seven in 10 graduates of public and nonprofit colleges in 2015 had student loan debt; […]
Read More »

Guidelines Changes on Student Loans for Conventional Mortgage Fannie Mae Mortgage loans in Kentucky for 2017.


For Kentucky Home Buyers using Fannie Mae or Conventional Loans that have student loans reporting a payment on the credit report, we can now use the payment reporting on the credit report even if it is income-based repayment plan. FHA and USDA still will use 1% if the student loans are IBR, but Fannie Mae […]
Read More »

6 options for buying a home with little or no money down


    You’ve got great credit, a stable job, low debt, and money in the bank — but just not enough to make a down payment. Fortunately, there are many programs out there designed to give you that dream home with little to no money down. Source: 6 options for buying a home with little […]
Read More »

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


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 most […]
Read More »

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 […]
Read More »

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 […]
Read More »

2017 Kentucky First Time Home Buyer Loan Programs


There are 4 basic things that a borrower needs to show a lender in order to get approved for a mortgage. Each category has so many what ifs and sub plots that each box can read as it’s own novel. In other words, each category has so many variables that can affect what it takes […]
Read More »

HomePath listings in Jefferson County, Louisville Kentucky!


Check out the HomePath listings in Jefferson County and Louisville, Kentucky! Let your clients know these properties are available. Some have special incentives! Select the property address to find out more information. 635 S 44TH ST LOUISVILLE, KY 40211 3.0 br, 1.0 ba | 1574 sq. ft. MLS ID: 1457633   $31,000 Just Listed 615 […]
Read More »

How Does Student Loans Affect A Mortgage Loan Approval in Kentucky ?


As more Kentuckians go back to school to further their education, this usually involved for some people student loans to finance their post-secondary high school education. Below I did a summary for the different types of loans for Kentucky Home Buyers and owners for:, FHA, VA, USDA, Fannie Mae and how each loan program effects the borrower and their status […]
Read More »

What is the difference between the Kentucky Freddie Mac Home Possible and the Fannie Mae Home Ready Loan Program?


Kentucky Home Possible  vs. Kentucky Home Ready Mortgage Loan This easy to read chart gives you a side by side comparison of these products:     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 […]
Read More »