Category Archives: Uncategorized

FHA to make financing easier for condo owners in Kentucky 


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
FHA Condo Approval Kentucky ? ? The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it will now allow individual unit approval and is taking other steps to loosen requirements that make these properties eligible for FHA financing. The…

Kentucky Housing Corporation (KHC)


Originally posted on Louisville Kentucky Mortgage Loans:
via Kentucky Housing Corporation (KHC) ?

Kentucky USDA Rural Housing Service (RHS) Section 502 Guaranteed program


Originally posted on Kentucky USDA Mortgage Lender for Rural Housing Mortgage Loans:
Here are a few reminders about the Kentucky USDA Rural Housing Service (RHS) Section 502 Guaranteed program which provides very-low-, low- and moderate-income rural residents access to affordable housing finance options with little or no down payment or out-of-pocket costs. • Eligibility Link…

Louisville Mortgage Programs


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
Louisville Mortgage Programs Louisville Conforming Loans The term “conforming” specifically refers to the loan amount. FNMA (Federal National Mortgage Association, aka Fannie Mae) and FHLMC (Federal Home Loan Mortgage Corporation, aka Freddie Mac) are the government agencies that set this limit. The current loan limit is $484,350.…

Kentucky USDA Increased Income Limits for 2019


Originally posted on Kentucky USDA Mortgage Lender for Rural Housing Mortgage Loans:
? ? Kentucky USDA Loan Requirements Updated Income Limits for 2019 Income Eligibility Effective July 22, 2019, income limits for all Kentucky Rural Housing USDA Rural Development Loans and their  Counties have increased. After a four year pilot that was tested in 16…

Mortgage Insurance for Conventional Loans


Originally posted on Louisville Kentucky Mortgage Loans:
Mortgage Insurance for Conventional Loans Borrower-Paid Monthly (BPMI) BPMI permits the borrower to pay the MI premium monthly, or as a single upfront premium. BPMI helps lenders offset the risk of a low down-payment mortgage. Borrowers can qualify for a loan with a smaller down payment, enabling them…

Kentucky FHA Guideline Update


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
FHA has published the following guideline updates, which will be effective for all Kentucky FHA loans with case numbers assigned on or after September 9th Specific verbiage for Well Water Testing has been added indicating that it must be performed by a disinterested party in a method…

KHC Loan Programs


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
KHC Loan Programs. MRB All MRB Kentucky Housing first mortgage loans are for a 30-year term at a fixed rate of interest. The home you purchase through Kentucky Housing must be the only residential property you own and you must occupy the home as your principal residence while the…

KHC = Kentucky Housing Corporation DAP = Down Payment Assistance Program for Credit Scores of 620


KHC = Kentucky Housing Corporation DAP = Down Payment Assistance Program for Credit Scores of 620

KENTUCKY HUD REO PROPERTIES ELIGIBLE FOR THE $100 DOWN PAYMENT INCENTIVE


Originally posted on Louisville Kentucky Mortgage Loans:
via KENTUCKY HUD REO PROPERTIES ELIGIBLE FOR THE $100 DOWN PAYMENT INCENTIVE Search Results for HUD Homes in KY 1 | 2 |  40 listings found List Gallery Save Search Email Search View Map Export to Display:  5 10 20 Property CaseAddressPriceStatusBedBathListing PeriodBid Open DateDetails 201-6167771080 Lone Star Rd Upton, KY, 42784 Hart…