Kentucky Rural Housing Homes for Foreclosures USDA

 

Single Family Housing Properties Found

click on link for list of homes that USDA Rural Housing has for sale currently in Kentucky.

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https://www.resales.usda.gov/resales/public/searchSFH

Details Foreclosure 107 Debbie Ave
Map Lancaster Kentucky Garrard 40444 $24,120 3 1 1144
Property Image 1643733665049-1.jpg
Details Foreclosure 86 Solitude Dr
Map Somerset Kentucky Pulaski 42503 $43,550 3 2 1162
Property Image 1642694834395-1.png
Details Foreclosure 104 Holly Grove Rd
Map Corbin Kentucky Laurel 40701 $72,072 3 2 1376
Property Image 1643731010257-1.jpg
Details Foreclosure 100 Colonial Park Dr
Map Winchester Kentucky Clark 40391 $79,225 3 1 1075
Property Image 1643292663195-1.jpg
Details Foreclosure 95 Nagy Dr
Map Lebanon Kentucky Marion 40033 $80,925 3 2 1299
Property Image 1643294318919-1.jpg
Details Foreclosure 310 Sarah Ct
Map Winchester Kentucky Clark 40391 $81,260 3 2 1072
Property Image 1643291508221-1.jpg
Details Foreclosure 107 Ridgefield Rd
Map Lancaster Kentucky Garrard 40444 $82,790 3 1.5 1232
Property Image 1643734396043-1.jpg
Details Foreclosure 28 Harbor St
Map Nancy Kentucky Pulaski 42544 $89,375 3 2 1568
Property Image 1642693495305-1.JPG
Details Foreclosure 412 Seth Dr
Map Leitchfield Kentucky Grayson 42754 $103,740 3 2 1288
Property Image 1642696360755-1.JPG
Details Foreclosure 240 S. Clark Ln
Map leitchfield Kentucky Grayson 42754 $110,080

MINIMUM CREDIT SCORES REQUIRED FOR KENTUCKY FHA, VA, USDA MORTGAGE LOANS

KENTUCK YFHA/VA/USDA LENDER

FHA 620+ MIN FICO –

 NO OVERLAYS!!!!

FHA CREDIT SCORES IN KENTUCKY CURRENTLY
· Minimum credit score
· 620 AUS approved
· 640 manual
· Non-Credit Qualifying Streamline refinances allowed
· Gift funds allowed for down payment and closing costs
· Cash out 80% LTV

VA CREDIT SCORES IN KENTUCKY CURRENTLY
· Minimum credit score
· 620 AUS approved
· 640 manual/640 High BA
· Cash-out up to 90% LTV
· Foreclosure/Short Sale/Bankruptcy <2 years allowed with AUS Approval

USDA CREDIT SCORES IN KENTUCKY CURRENTLY
· Minimum credit score: 640
· 100% maximum LTV
· Manual Underwrites
· No maximum loan amount
· USDA Streamlined, Streamlined-Assist, and Rate/Term refinances allowed

Kentucky Rural Development Has Funds Available for Rural Housing Loans in Kentucky for 2015

Funds for purchase and refinance loan commitment authority for the guaranteed loan program in Kentucky have been allocated to Kentucky. Please obligate conditional commitments issued “subject to” funding through these steps before processing any new applications.

USDA Rural Development-Kentucky

Fiscal Year 2015 Funds Now Available!

Funding for Rural Development’s Single Family Housing Guaranteed Loan program is now available for fiscal year (FY) 2015.  The funding received is based on a Continuing Appropriations Resolution, 2015 (P.L. 113-164, H.J. RES.124).

Loans that were issued Conditional Commitments “subject to” commitment authority will be obligated on the Agency’s Guaranteed Loan System (GLS).

If the loan has closed, the lender may submit their request for Loan Note Guarantee, together with their closing package.  Ensure the lender certification on Form RD 1980-18 “Conditional Commitment for Single Family Housing Loan Guarantee” is dated on or after the obligation date provided by Rural Development.

I have over 15 years originating Kentucky Rural Development Guarantee Loans. Put my experience to work for you. Free Pre-Approvals, usually same day on Kentucky Rural Housing Loans. I have direct access to GUS, (Guarantee Underwriting System) for fast pre-approvals. Call or email me today Joel Lobb Senior Loan Officer (NMLS#57916) A(502) 905-3708 Fax: (502) 327-9119 kentuckyloan@gmail.com Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com/

CHANGE TO KENTUCKY ANNUAL USDA GUARANTEE FEE STRUCTURE OCTOBER 1, 2014

CHANGE TO ANNUAL USDA GUARANTEE FEE STRUCTURE and
CHANGE IN ELIGIBILITY MAPS
As announced in RD AN No. 4757, the annual guarantee fee structure (paid monthly from the borrower’s escrow account) for purchase and refinance loans will increase as follows (no change to the one-time upfront fee at this time):

CHANGE TO KENTUCKY ANNUAL USDA GUARANTEE FEE STRUCTURE and

CHANGE IN ELIGIBILITY MAPS 

As announced in RD AN No. 4757, the annual guarantee fee structure (paid monthly from the borrower’s escrow account) for purchase and refinance loans will increase as follows (no change to the one-time upfront fee at this time):

ANNUAL GUARANTEE FEE	THROUGH 9/30/2014	EFFECTIVE 10/1/14
Purchase Transactions	.40%	.50%
Refinance Transactions	.40%	.50%

The new fee structure is applicable to all Kentucky Conditional Commitments issued by Rural Development on or after October 1, 2014. Loan guarantee requests submitted to Rural Development (RD) on which a conditional commitment has not been issued bySeptember 30, 2014, will be subject to the 2014 annual guarantee fee structure.

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As announced in RD AN No. 4748, and barring any Congressional actions, implementation of the provisions of a revised rural area definition become effective on October 1, 2014. The future eligibility area maps can be viewed on the USDA Eligibility web site at:http://eligibility.sc.egov.usda.gov. THIS MEANS THAT PROPERTIES THAT ARE ELIGIBLE TODAY, MAY NOT BE ELIGIBLE ON AND AFTER OCTOBER 1, 2014.

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Joel Lobb
Senior  Loan Officer

(NMLS#57916)

 

800 Stone Creek Pkwy, Ste 7,

Louisville, KY 40223

 phone: (502) 905-3708

 Fax:     (502) 327-9119

kentuckyloan@gmail.com

 Company ID #1364 | MB73346

http://mylouisvillekentuckymortgage.com/

 

Kentucky Rural Housing Mortgage Loans Require No Money Down

 

Kentucky Rural Housing Mortgage Loans

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Kentucky USDA Guaranteed Rural Housing Loans   Did you know that home buyers can still get a mortgage with no money down, even with less than perfect credit? The Kentucky Guaranteed Rural Housing Loan Program offers these options in a wide range of areas, including many suburbs. This loan program is offered through the Kentucky  Rural Housing Service, an agency of the U.S. Department of Agriculture and designed to assist low and moderate-income residents by providing better access to affordable housing finance options including little or no out-of-pocket costs in eligible areas. To see if your market area falls in a designated Kentucky USDA Rural area, visit:http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Available to low- and moderate-income borrowers whose adjusted income is equal to or less than 115% of the area median income Owner-occupied single family non-farm residences, approved condos and PUDs New construction properties are eligible Home buyers can finance up to 100% of the market appraised value, including all recurring and non-recurring closing costs, in some circumstances Loan amounts as high as $417,000 in the continental U.S. Higher in Alaska and Hawaii. Credit scores as low as 620 No asset or reserve requirements. Gift funds are allowed Call me today to learn more about this program.   —   Joel Lobb  Senior  Loan Officer (NMLS#57916)   American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223  phone: (502) 905-3708  Fax:     (502) 327-9119 kentuckyloan@gmail.com    Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com/