Category Archives: First Time home Buyer PRgoams

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 […]
Read More »

2018 Welcome Home Program for Kentucky Home Buyers.


Originally posted on Louisville Kentucky Mortgage Loans:
? ? 2017 Welcome Home Program for Kentucky Home Buyers. ? Photo post by @kentuckyloan. Source: 2015 Welcome Home Program for Kentucky Home Buyers. ? ? Kentucky General Mortgage Guide for Underwriting Approval Kentucky Mortgage Underwriting Guidelines Understanding  Mortgage mortgage underwriting guidelines will help you understand your loan…

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 »

2018 Kentucky First Time Home Buyer Down Payment Assistance for $10,0000 from Kentucky Housing


Kentucky First Time Home Buyer Programs for 2018 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky $10,000 Down payment Assistance Grant for Kentucky First Time Home buyers 2018   $10,000 HHF DAP Available Kentucky Housing Corporation (KHC) is proud to announce a new round of Hardest Hit Fund (HHF) Down payment Assistance Program (DAP), a […]
Read More »

Kentucky FHA Loan Requirements for 2018


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Kentucky FHA Loan Requirements The requirements for Kentucky FHA loans are set by HUD. Borrowers must have a steady employment history of the last two years within the same industry or line of work. Recent college graduates can use their transcripts to supplant the 2 year work…

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 »

2018 Kentucky First Time Home Buyer Loan Programs


2018 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 […]
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 »

Kentucky Rural Housing USDA – Upcoming Changes – October 2016 Submit your applications beginning Tuesday, September 13, 2016


The USDA has announced exciting changes that will be implemented in October 2016. USDA is a great product that offers 100% financing, zero down payment for certain rural areas. Effective in October 2016, there will be two big changes to the USDA product: The Up Front Funding Fee will be reduced to 1%. It currently […]
Read More »