Category Archives: Mortgage Insurance FHA

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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Kentucky Private Mortgage Insurance or PMI


Kentucky Private Mortgage Insurance or PMI. via Kentucky Private Mortgage Insurance or PMI.

FHA Streamline Refinance MIP


FHA Streamline Refinance MIP (For Loans Endorsed Before June 1, 2009) If the existing FHA mortgage was endorsed prior to June 1, 2009, the mortgage insurance premiums have been “grandfathered”. Upfront Mortgage Insurance Premiums (UFMIP) For an FHA Streamline Refinance that replaces a loan endorsed prior to June 1, 2009, the new FHA mortgage’s upfront […]
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Kentucky FHA Single Family Mortgage Insurance: Annual & Up-Front Mortgage Insurance Premium Changes


Kentucky Single Family Mortgage Insurance: Annual & Up-Front Mortgage Insurance Premium Changes Please take note of some important changes to the FHA Single Family Annual Mortgage Insurance Premium (Annual MIP) and Up-Front Mortgage Insurance Premium (UFMIP). Decrease to Annual Mortgage Insurance Premium on Certain Streamline Refinance Transactions  For all SF Forward Streamline Refinance transactions that are refinancing […]
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Mortgage Insurance Rates Increasing on FHA Loans


Mortgage Insurance Rates Increasing on FHA Loans.   Mortgage Insurance Rates Increasing on FHA Loans Mortgage Insurance Rates Increasing on Kentucky FHA Loans Mortgage Insurance Rates Increasing on Kentucky FHA Loans by MERIDITH DOUCETTE on MARCH 21, 2012 FHA Mortgage Insurance Rates Will Be Going Up on All New Kentucky FHA Loans Assigned April 9, 2012 and After. […]
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