Category Archives: Fico Score

Obtaining new financing after a Short Sale or Foreclosure for a Kentucky USDA, FHA, VA, and Fannie Mae Loan


  Kentucky Mortgage Short Sale: Conventional Loans Require: Minimum 2 years with restrictions up to 7 years 2 to 4 years – 80% maximum LTV 4 to 7 years – 90% maximum LTV 7 years and after allow for maximum standard financing Kentucky FHA and Kentucky VA Loans Require: 3 years, with exceptions possible for […]
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Kentucky FHA Credit Score Requirements for 2014, Based on Lender Feedback


Kentucky FHA Credit Score Requirements for 2014,  We’ve spent the last few days querying mortgage lenders about their credit score requirements for FHA loans. Specifically, we asked lenders if they expect to make any major changes next year, as far as credit scores are concerned. As it turns out, FHA credit score requirements in 2014 […]
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What does it take to get a mortgage today? – Half Moon Bay Review : Community


What does it take to get a mortgage today? – Half Moon Bay Review : Community. Your debt to income ratio cannot exceed 45 percent. The higher your credit score, the lower the mortgage rate. A score of 740 or above will give the best rate; a 690 will work, but you will pay between […]
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Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky


Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky      What is Back to Work? FHA is continuing its commitment to fully evaluate borrowers who have experienced periods of financial difficulty due to extenuating circumstances. Many borrowers experienced periods of recession related financial difficulty and/or credit impairment resulting from unemployment or a severe reduction in income. FHA recognizes the hardships faced by these borrowers, and that their credit histories may not fully reflect their true ability or propensity to repay a mortgage.   For Purchase transactions with case numbers assigned on or after August 15, 2013  Are borrowers with a foreclosure, short sale, or bankruptcy eligible for Back to Work? The alternative guidance in Mortgagee Letter 2013-26 is effective for purchase applications with case numbers assigned on or […]
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Get Your Credit Answers: Get a copy of your free credit report


Get Your Credit Answers: Get a copy of your free credit report. via Get Your Credit Answers: Get a copy of your free credit report. Get Your Credit Answers Step 1:   Get Your Free Credit Report in 2012 All consumers in the US are entitled to receive one free credit report each year from each […]
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Mortgages and Credit Scores


Mortgages and Credit Scores. via Mortgages and Credit Scores. Related Articles 5 Tips For Getting a Mortgage in Today’s Housing Market (business.time.com) How Your Credit Score Can Affect Your Mortgage Payment (realtorpegsdblog.wordpress.com) Can You Really Build Credit Without Credit Cards? (bargaineering.com) Credit Scores: What They Are and How They Work (raleighdurhambankruptcylawyer.com) Minimum Credit Score Needed […]
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Credit Scores required for A Kentucky First Time Home Buyer in 2013


Have you ever thought what kind of credit score it takes to buy a home in Kentucky in 2013. I have supplied some examples below for Kentucky First Time Home Buyers so they can arm themselves with some knowledge and feel comfortable and confident when they take that step to get pre-approved to buy a […]
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2013 First Time Home Buyer Mortgage Loans in Louisville Kentucky


2013 First Time Home Buyer Mortgage Loans in Louisville Kentucky. via 2013 First Time Home Buyer Mortgage Loans in Louisville Kentucky. Related Articles 2013 First Time Home Buyer Mortgage Loans in Louisville Kentucky (louisvillekymortgage.net) FHA Mortgage Requirements for Louisville Ky First Time Home Buyers (kentuckyusdaloan.com) Louisville Kentucky Mortgage Rates (kentuckyvaloan.com) Louisville Ky Mortgage Lender FHA/VA […]
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Credit Fico Score for a Kentucky Mortgage FHA VA KHC


Fannie Mae According to the “Washington Post,” Fannie Mae raised its minimum credit score for conventional loans in 2009 from 580 to 620. Even if you have a 20-percent down payment, you can be rejected if your score is below 620. Fannie Mae will also reject a loan if more than 45 percent of your […]
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