Category Archives: FHA vs Conventional Credit Scores and Down Payment

What is the minimum credit score I need to qualify for a Kentucky FHA, VA, USDA and KHC Conventional mortgage loan in 2018?


What is the minimum credit score I need to qualify for a Kentucky mortgage currently in 2018? Question: What is the current minimum credit scores needed to qualify for a mortgage Loan in 2018? Answer: The minimum credit score needed to qualify for a Kentucky mortgage depends on the type of loan program you are looking to […]
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Does FHA require collections to be paid off for a borrower to be eligible for FHA financing?


    Does FHA require collections to be paid off for a borrower to be eligible for FHA financing? A Collection Account refers to a Borrower’s loan or debt that has been submitted to a collection agency by a creditor. If the credit reports used in the analysis show cumulative outstanding collection account balances of […]
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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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Kentucky FHA Loans Compared to Kentucky Conventional Loans


  When it comes to financing a home a buyer is faced with the decision of what type of loan they want. The two most common choices are FHA or Conventional. Both have their advantages and disadvantages. Follow the chart below to see which one is a fit for you! For more information on homes […]
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2018 Kentucky First Time Home Buyer Loan Programs


Kentucky First Time Home Buyer Loan

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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Kentucky FHA HUD Homes for $100 Down


Kentucky FHA HUD Homes for $100 Down. via Kentucky FHA HUD Homes for $100 Down. , FHA, FHA Back to Work Program Ky, FHA Co-signors, FHA Guidelines, fha mortgage insurance premiums, First Time Home Buyer, Homeownership Assistance Programs: Kentucky, HUD Foreclosure, HUD HOMES $100 Down, HUD REO PROPERTIES ELIGIBLE FOR THE $100 DOWN PAYMENT, Kentucky FHA HUD Homes for $100 Down, Kentucky FHA Important Links,KY FHA LOANS, Loan […]
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FHA Mortgage Requirements for Louisville Ky First Time Home Buyers


FHA Mortgage Requirements for Louisville Ky First Time Home Buyers. via FHA Mortgage Requirements for Louisville Ky First Time Home Buyers.

Louisville Kentucky First Time Home Buyer Programs and Resources


Louisville Kentucky First Time Home Buyer Programs and Resources. via Louisville Kentucky First Time Home Buyer Programs and Resources. —   Joel Lobb Senior  Loan Officer (NMLS#57916)   American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223 phone: (502) 905-3708  Fax:     (502) 327-9119 kentuckyloan@gmail.com    Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com/  

FHA Mortgage Requirements for Louisville Ky First Time Home Buyers


 FHA Mortgage Requirements for Louisville Ky First Time Home Buyers              Minimum 640 credit score required             Financing to 96.50% of lesser of sales price or appraised value. 3.5% minimum down payment on a Purchase.              Maximum 6% seller-paid items. Maximum debt  ratios of 40/55 with AUS approval. All borrowers must be scored by TOTAL […]
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