Category Archives: Uncategorized

Kentucky First Time Home Buyer Tips for a Smooth Closing after loan pre-approval


Originally posted on Louisville Kentucky Mortgage Rates:
Kentucky Home Buyer Tips for a Smooth Closing after loan pre-approval Tip #1: Things to Avoid Before Buying a Your First Home in Kentucky!!! ? ? ? Here are some things to avoid during the Kentucky First Time home buying process to assure your transaction goes smoothly: -Don’t…

What is a Kentucky USDA Rural home loan?


Originally posted on Kentucky USDA Rural Housing Mortgage Loans:
What is a Kentucky USDA Rural home loan? A Kentucky USDA home loan is a zero-dollar-down mortgage option provided by USDA’s Department of Rural Development. This government-backed loan program comes in two types: direct loan, which is reserved for lower-income households and issued by USDA, and…

What are the current student loan guidelines for a Kentucky FHA, VA, USDA and Fannie Mae Conventional Mortgage loan.


  Kentucky FHA Loan Guidelines for Student Loans: Must be included in the borrower’s liabilities regardless of the payment type or status. The payment amount must be either: ▪ The greater of: · 1% of the outstanding balance on the loan or · Monthly payment reported on the borrower’s credit report, or ▪ The servicer’s […]
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Kentucky FHA Loans with A Chapter 13 Bankruptcy and Credit Score Down Payment Requirements


Originally posted on Louisville Kentucky Mortgage Loans:
via Kentucky FHA Loans with A Chapter 13 Bankruptcy and Credit Score Down Payment Requirements

Louisville Ky VA Loans


Originally posted on Kentucky VA Mortgage Home Lender:
Louisville Ky VA Loans Why a VA Loan? The more you know about our home loan program, the more you will realize how little “red tape” there really is in getting a VA loan. These loans are often made without any down payment at all, and frequently…

Getting a Mortgage loan in Kentucky again after A Chapter 7 or Chapter 13 Bankruptcy.


Originally posted on Louisville Kentucky Mortgage Loans:
via SURRENDERING YOUR HOME IN BANKRUPTCY Getting a Mortgage Again in Kentucky after a Bankruptcy. Guidelines for FHA, VA, USDA AND CONVENTIONAL LOAN PROGRAMS. ? ? ? Chapter 7 Kentucky Bankruptcy Mortgage Questions How long do I have to wait to get a mortgage after my Chapter 7 Bankruptcy?…

Compensating factors may affect the loan decision for a Kentucky VA Mortgage Denial.


Originally posted on Kentucky VA Mortgage Home Lender:
Compensating Factors to over turn a Kentucky VA Loan Mortgage Denial Compensating factors may affect the loan decision for a Kentucky VA Mortgage.  These factors are especially important when reviewing loans which are marginal with respect to residual income or debt-to-income ratio.  They cannot be used to compensate for…

Does bad debt, collections, or charge offs on credit report have to be paid off to get a VA loan approval in Kentucky


Collections on Credit Report and How They affect a Kentucky VA Mortgage Loan Approval   Collection accounts are accounts for a debt that have been submitted to a collection agency by the creditor generally due to nonpayment. Below are general tips and guidance on what DU will require when collection accounts are reporting on a borrower’s […]
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Mortgage Tips to ensure your mortgage closes smoothly


Originally posted on Louisville Kentucky Mortgage Loans:
via Mortgage Tips Tips to ensure your mortgage closes smoothly: Credit Cards / New debt: Once you have applied for a mortgage, do not apply for new debt or credit cards, even if you do not plan to use them until after settlement. When you buy a home,…

Kentucky USDA Mortgage Upfront Guarantee Fee and the monthly mortgage insurance Annual fee


Originally posted on Louisville Kentucky Mortgage Loans:
via Kentucky USDA Mortgage Upfront Guarantee Fee and the monthly mortgage insurance Annual fee ? Kentucky Rural Housing Loans for 2018 USDA home loans in Kentucky are also known as the Rural Development Loan or RHS Loans. It is one of the best options for homebuyers that are…