Category Archives: fico scores

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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4 Ways You Might Be Hurting Your Credit Score (And What You Can Do About It)


4 Ways You Might Be Hurting Your Credit Score (And What You Can Do About It). by NERDWALLET on MAY 9, 2013 This guest post comes from Michael Delgado, the Social Media Community Manager at Experian. He works to promote financial literacy on Experian social channels and  writes for the Experian blog. He can be found on Twitter […]
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