Kentucky First Time Home Buyer Programs

Does FHA require collections to be paid off for a borrower to be eligible for FHA financing?


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
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…

Kentucky VA Home Loans Approval Criteria


Originally posted on Kentucky VA Mortgage Home Lender:
What Criteria Does the VA Use to Approve a Kentucky  VA Mortgage Loans? What does the VA use to approve Kentucky VA mortgage loans? If you’re a first-time buyer, VA loans may strike you as confusing and may even be a little daunting. This is because there…

Credit Karma -“Free” isn’t good, and good isn’t free..


Originally posted on Louisville Kentucky Mortgage Loans:
Credit Karma -“Free” isn’t good, and good isn’t free.. Almost every person I speak with about their credit, they monitor their scores through Credit Karma.  It’s free, which is typically the reason why it’s used.  But that old saying, good isn’t free..and free isn’t good comes to mind. So…

ClosingCorp Reports Average Mortgage Closing Cost Data | Business Wire


Originally posted on Louisville Kentucky Mortgage Loans:
ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today Average Closing Costs by State State Average Purchase Price Average Total Closing Costs NATIONAL $271,363 $4,876 AK $304,787 $3,752 AL $176,915 $3,687 AR $151,254 $3,843 AZ…

What your credit score means for your mortgage


Originally posted on Louisville Kentucky Mortgage Loans:
Does your credit score affect getting a mortgage? It sure does. Here’s how and what to do about it. Source: What your credit score means for your mortgage ? When it comes to buying a house, your credit score is a lot like your old SAT score. A…

Type of Kentucky FHA loans available


Originally posted on Kentucky FHA Mortgage Loans Guidelines :
FHA loans are government-backed, which protect lenders against defaults, making it possible to offer prospective borrowers lower interest rates. Keep in mind that the FHA doesn’t actually lend money to borrowers, nor does the agency set the interest rates on FHA loans, it simply insures them. Because…

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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KHC Loan Programs


Originally posted on Kentucky First Time Home Buyer Programs for 2018 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky:
KHC Loan Programs. KHC offers two different funding sources: Secondary Market and MRB. SECONDARY MARKET FUNDING SOURCE First-time and repeat homebuyers statewide 30-year fixed interest rate Principle residence ONLY Purchase Price Limit: $243,000 Borrower must…

Down Payment Assistance Kentucky First Time Homebuyer Program


Originally posted on Kentucky First Time Home Buyer Loans for 2017:
KENTUCKY HOUSING DOWN PAYMENT ASSISTANCE $4500 TO $6000   Kentucky  Down Payment Assistance can now be provided to Kentucky First Time Home Buyers Regular DAP Purchase price up to $282,000 with Secondary Market or $253,800 with MRB. Assistance in the form of a loan up…

Kentucky FHA HUD Homes for $100 Down


Originally posted on Louisville Kentucky Mortgage Loans:
Source: Kentucky FHA HUD Homes for $100 Down