A Kentucky Mortgage Loan Officer that has closed over 600 home loans specializing in Kentucky First Time Homebuyer Loans to include the following FHA, VA, USDA, Rural Housing, Down Payment Assistance Loan from Kentucky Housing Corp or KHC and the Fannie Mae Home Path HUD $100 Down Mortgage Program in Kentucky. Call/Text 502-905-3708 with your mortgage questions or email firstname.lastname@example.org I try to respond to all requests within minutes during regular business hours. NMLS# 57916 Equal Housing Lender
Louisville Kentucky Down Payment Assistance Mortgage Program
The Down Payment Assistance Program provides qualified Kentucky home buyers a loan to assist with purchasing a home which will be their primary residence.
Kentucky Home buyer households must have income no greater than 80% of median income, adjusted for family size.
All Kentucky Home buyers must complete HUD approved home ownership counseling before assistance can be committed. A Certificate of Completion from the counseling agency must be submitted with the application. Contact us at 502-905-3708 or email us at email@example.com The Government has revised its Down Payment Assistance Program increasing the amount of assistance.
Homebuyers are responsible for obtaining primary financing with a fixed rate mortgage from a reputable lender.
A Housing Quality Standards inspection will be conducted by a Louisville Metro inspector before closing. All deficiencies must be corrected and verified by re-inspection prior to closing
A HUD-1 closing statement must be received two working days (48 hours) prior to closing.
Applications will be accepted at any time. Assistance is granted on a first come, first serve basis. For more information about the Down Payment Assistance Program, please call 502-905-3708
Louisville Ky Down Payment Assistance Program Mortgage
Kentucky Down Payment Assistance
This type of loan is administered by KHC in the state of Kentucky. They typically have $4500 to $6000 down payment assistance year around, that is in the form of a second mortgage that you pay back over 10 years.
Sometimes they will come to market with other down payment assistance and lower market rates to benefit lower income households with not a lot of money for down payment.
KHC offers FHA, VA, USDA, and Conventional loans with their minimum credit scores being set at 640 for all programs. The conventional loan requirements at KHC requires 680 credit score.
The max debt to income ratios are set at 40% an 45% respectively.
The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people. NMLS ID# 57916, (www.nmlsconsumeraccess.org). Mortgage loans only offered in Kentucky.
All loans and lines are subject to credit approval, verification, and collateral evaluation and are originated by lender. Products and interest rates are subject to change without notice. Manufactured and mobile homes are not eligible as collateral.