Category Archives: FHA Loans Kentucky Housing First time home buyer

Repair Escrows for Kentucky USDA, FHA, VA, Fannie Mae Home loans


  Most Kentucky mortgage lenders prefer that each property be 100% complete at the time of closing; however, there are situations that warrant exceptions for escrow holdbacks, such as weather-related circumstances, lack of materials available for finishing, foreclosure sales and short-sales where the seller cannot or will not allow property repairs to be completed prior […]
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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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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 […]
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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 […]
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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 […]
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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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2017 Kentucky First Time Home Buyer Loan Programs


  Kentucky First Time Home Buyer Programs for 2017   There are basically 5 popular programs that Kentucky Home buyers 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 […]
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Kentucky Housing Corporation’s (KHC) master commissioner sales or Foreclosure Sales


We are pleased to provide you with information about Kentucky Housing Corporation’s (KHC) master commissioner sales. These sales typically take place at the county courthouse where the property is located. The listings are arranged by county, according to the county in which the property is located.   If you do not see a county listed, […]
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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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