Debt-to-Income (DTI) ratio requirements for Kentucky FHA, VA, USDA, and conventional mortgage loans

Here’s a summary of the Debt-to-Income (DTI) ratio requirements for Kentucky FHA, VA, USDA, and conventional mortgage loans, along with examples for each:

Kentucky FHA Loan DTI Requirements:
- Front-End DTI Ratio: Up to 31%
- Back-End DTI Ratio: Up to 43%
- Example: Monthly gross income of $5,000, the FHA loan allows a maximum monthly mortgage payment (including principal, interest, taxes, and insurance) of $2,150 (43% of $5,000).
Kentucky VA Loan DTI Requirements:
- Generally flexible with DTI ratios, but a common guideline is:
  - Back-End DTI Ratio: Up to 41%
- Example: Monthly gross income of $6,000, the VA loan allows a maximum monthly debt payment (including mortgage, car loans, credit cards, etc.) of $2,460 (41% of $6,000).
Kentucky USDA Loan DTI Requirements:
- Front-End DTI Ratio: Up to 29%
- Back-End DTI Ratio: Up to 41%
- Example: Monthly gross income of $4,000, the USDA loan allows a maximum monthly mortgage payment (including taxes and insurance) of $1,160 (29% of $4,000).
Kentucky Conventional Loan DTI Requirements:
- Front-End DTI Ratio: Up to 28%
- Back-End DTI Ratio: Up to 36-45% (may vary based on the lender and loan program)
- Example: Monthly gross income of $7,000, a conventional loan may allow a maximum monthly debt payment (including mortgage, car loans, credit cards, etc.) of $2,520 to $3,150 (36-45% of $7,000).

How to calculate your front-end DTI for a Kentucky Mortgage Loan Approval

Your front-end DTI is calculated by dividing your monthly housing costs by your monthly gross income. Front-end DTI for renters is simply the amount paid in rent, whereas for homeowners it is the sum of mortgage principal, interest, property taxes, and home insurance (i.e., your PITI) divided by gross monthly income.

From above, if that $2,800 in debt payments is attributable to $1,500 in housing costs and $1,300 in non-housing costs, then your front-end DTI is $1,500/$5,000 = 30% (and your back-end ratio is still 56%, as calculated above).

How lenders use your DTI for a Kentucky Mortgage Loan Approval

Kentucky Mortgage lenders typically use DTI (along with other variables) to determine whether or not you qualify for a loan, and to help determine your Kentucky mortgage rate. A high front-end DTI raises red flags with lenders because it is commonly associated with borrower default. In fact, reducing front-end DTI to reduce the risk of homeowner default was one of the main objectives of the loan modification programs introduced by the government in 2009.

There are specific limits for DTI that are used as cut-off points when evaluating borrowers. Current DTI limits for conventional conforming mortgage loans are typically 28% on the front end and 36% on the back end, though these limits are slightly higher for government subsidized Kentucky FHA loans.

While there are certainly other factors to consider when determining our eligibility for financing (e.g., credit score, etc.), your DTI is an important determinant that you should be aware of. By working to improve it, you can make yourself a better credit risk, and thus get more favorable treatment from lenders.

Two obvious ways to improve DTI are to increase your income and/or decrease your debt. Both are solid goals.

http://www.emailmeform.com/builder/form/0bfJs9b6bK8TGoc6mQk9hIu

Hope your day is full of sunshine

Joel Lobb Mortgage Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com
http://www.mylouisvillekentuckymortgage.com/

NMLS 57916 | Company NMLS #1364/MB73346135166/MBR1574

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).

Welcome Home Grant in Kentucky

There are various types of down payment assistance, even if you have student loans.

Here are a few:

FHA loans – federal loan through the Federal Housing Authority
USDA loans – zero down mortgages for rural and suburban homeowners
VA loans – if military service
Kentucky Housing Down Payment Assistance of $10,000

There are federal, state and local assistance programs as well so be on the look out.

If you want a personalized answer for your unique situation call, text, or email me or visit my website below:

Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708

email: kentuckyloan@gmail.com
https://kentuckyloan.blogspot.com/

Kentucky Welcome Home Grant Program Guidelines

The Kentucky Welcome Home Grant is out of funds.

There are various types of down payment assistance, even if you have student loans.

Here are a few:

FHA loans – federal loan through the Federal Housing Authority

USDA loans – zero down mortgages for rural and suburban homeowners

VA loans – if military service

Kentucky Housing Down Payment Assistance of $10,000

There are federal, state and local assistance programs as well so be on the look out.

If you want a personalized answer for your unique situation call, text, or email me or visit my website below:

Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708

email: kentuckyloan@gmail.com
https://kentuckyloan.blogspot.com/

How to get approved for a mortgage in Kentucky as a first-time homebuyer

How to get approved for a mortgage in Kentucky as a first-time homebuyer using FHA, VA, USDA, and Kentucky Housing Corporation (KHC) down payment assistance programs with Joel Lobb’s expertise, here are the steps you can follow:

Credit Check and Improvement if Necessary:
- Check your credit score and credit report.
- Improve your credit score if needed by paying off debts and resolving any issues on your credit report.
Financial Assessment:
- Assess your financial situation, including income, savings, and debts.
- Determine how much you can afford for a down payment and monthly mortgage payments.
Explore Loan Options:
- Research FHA, VA, USDA, and KHC loan programs to understand their requirements, benefits, and eligibility criteria.
- Discuss with Joel Lobb to get insights into each program’s pros and cons based on your financial situation.
Pre-Approval Process:
- Apply for pre-approval with Joel Lobb’s assistance.
- Submit necessary documents such as income statements, tax returns, bank statements, and employment history.
Down Payment Assistance Programs:
- Explore down payment assistance programs offered by KHC or other organizations.
- Understand the eligibility criteria and application process for these programs.
Property Search and Selection:
- Start searching for homes within your budget and preferred location.
- Consider factors such as neighborhood amenities, school districts, and property value trends.
Make an Offer and Negotiate:
- Work with Joel Lobb to make a competitive offer on a property you like.
- Negotiate terms such as price, closing costs, and seller concessions.
Loan Application and Processing:
- Once your offer is accepted, complete the loan application process with Joel Lobb.
- Provide any additional documentation required by the lender.
Home Inspection and Appraisal:
- Schedule a home inspection to identify any potential issues with the property.
- Arrange for an appraisal to determine the home’s value.
Closing Preparation:
- Review the closing disclosure and loan terms.
- Prepare funds for closing costs, down payment, and other expenses.
Closing Day:
- Attend the closing meeting with Joel Lobb and sign all necessary documents.
- Complete the transfer of ownership and receive the keys to your new home.

Throughout this process, Joel Lobb can provide valuable advice, assistance, and support to help you navigate the complexities of obtaining a mortgage and buying your first home in Kentucky

Hope your day is full of sunshine

Joel Lobb Mortgage Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com

http://www.mylouisvillekentuckymortgage.com/

NMLS 57916 | Company NMLS #1364/MB73346135166/MBR1574

Qualifying Loan Programs for First-Time Homebuyers in Louisville, Kentucky

Are you a first-time homebuyer in Louisville, Kentucky, looking to navigate the complexities of mortgage loans?

Understanding the various loan programs available and their qualifying criteria is crucial.

Let’s explore the key aspects of FHA, VA, and USDA loans, along with their requirements and average rates, tailored to Louisville’s housing market.

FHA Loans for Louisville Homebuyers

Down Payment: FHA loans offer a low down payment option of 3.5%, making homeownership more accessible.

Credit Score: While FHA loans are more lenient with credit scores, a score of 580 or higher is typically required for the 3.5% down payment. Lower credit scores down to 500 may be accepted with a 10% down payment.

Work History and Employment: Lenders typically look for 2 year stable employment and income history to ensure borrowers can repay the loan.

Income Ratio: Your debt-to-income ratio (DTI) should generally be 40% on the front end ratio and 50% on the backed ratio- lower, although some flexibility may exist based on compensating factors.

Bankruptcy and Foreclosure: Previous bankruptcies and foreclosures may not immediately disqualify you but may impact the waiting period before you can apply for an FHA loan. 2 years on Chapter 7, 1 year on Chapter 13, and 3 years on foreclosure.

Time to Close: FHA loans often have a quicker closing process compared to other loan types, typically within 30 to 45 days.

Home Inspections and Appraisal Reports: FHA loans require a home inspection to ensure the property meets safety and livability standards. An appraisal is also necessary to determine the home’s value.

Fixed Rates for 30 Years: FHA loans offer fixed-rate options for 30 years, providing stability in monthly payments.

Mortgage Insurance: FHA loans require both upfront mortgage insurance (UFMIP) and annual mortgage insurance premiums (MIP) no matter how much you put down and is for life of loan. Cheaper mortgage insurance on shorter term loans and larger down payments.

VA Loans for Louisville Homebuyers

Down Payment: VA loans offer a zero-down payment option, making them highly attractive to eligible veterans, active-duty service members, and select spouses.

Credit Score: While VA loans don’t have a credit score requirement, most lenders prefer a score of at least 580 to 620 or higher for smoother approval processes.

Work History and Employment: 2 year Stable employment and income are essential, although VA loans may be more flexible with employment history, especially for veterans.

Income Ratio: The VA typically looks for a DTI of 41% or lower, but exceptions can be made based on compensating factors.

Bankruptcy and Foreclosure: Similar to FHA loans, previous bankruptcies and foreclosures may impact eligibility but may not be automatic disqualifiers. 2 years removed from Chapter 7 and 2 years removed from foreclosure. Chapter 13 one year in plan okay .

Time to Close: VA loans often have competitive closing times, usually within 30 to 60 days.

Home Inspections and Appraisal Reports: VA loans require a VA appraisal to ensure the property meets VA’s minimum property requirements (MPRs) and a pest inspection for termite-related issues. TERMITE REPORT REQUIRED ON ALL VA LOANS.

Fixed Rates for 30 Years: VA loans offer fixed-rate options for 30 years, providing long-term payment predictability.

Mortgage Insurance: VA loans don’t require private mortgage insurance (PMI) but have a VA funding fee, which can be financed into the loan amount.

USDA Loans for Louisville Homebuyers

Down Payment: USDA loans offer a zero-down payment option for eligible rural and suburban homebuyers.

Credit Score: While USDA loans prefer a credit score of 640 or higher, lower scores may be considered with additional documentation.

Work History and Employment: 2 year Stable employment and income are essential for USDA loan approval.

Income Ratio: USDA loans typically require a DTI of 31% to 45% or lower, although exceptions may apply based on compensating factors.

Bankruptcy and Foreclosure: Previous bankruptcies and foreclosures may impact eligibility, and waiting periods may apply. 3 years removed from Chapter 7 and foreclosures, and one year in Chapter 13 okay.

Time to Close: USDA loans may have slightly longer closing times due to rural property eligibility checks and loan processing, often within 45 to 60 days.

Home Inspections and Appraisal Reports: USDA loans require a home inspection and an appraisal to ensure the property meets USDA’s standards. Must meet FHA appraisal requirements.

Fixed Rates for 30 Years: USDA loans offer fixed-rate options for 30 years, providing stability in monthly payments.

Mortgage Insurance: USDA loans require both upfront guarantee fees and annual fees for mortgage insurance, although the rates are typically lower than FHA’s MIP. Mortgage insurance is 1% upfront premium, and .35% a month for life of loan.

Average Rates and Mortgage Insurance Requirements

In Louisville, Kentucky, the average rates for FHA, VA, and USDA loans can vary based on market conditions, lender policies, and borrower qualifications. As of [current date], FHA loan rates in Louisville may range from [range], VA loan rates from [range], and USDA loan rates from [range], all for 30-year fixed-rate loans.

Mortgage insurance requirements differ for each loan type:

FHA loans require both upfront mortgage insurance premiums (UFMIP) and annual mortgage insurance premiums (MIP).
VA loans don’t require mortgage insurance but have a funding fee.
USDA loans require upfront guarantee fees and annual fees for mortgage insurance, often lower than FHA’s MIP.

Conclusion

For first-time homebuyers in Louisville, Kentucky, understanding the qualifying criteria and nuances of FHA, VA, and USDA loans is vital. Each loan type offers unique benefits and considerations, from down payment options to credit score requirements and mortgage insurance. Working with a knowledgeable mortgage broker like Joel Lobb can help streamline the loan process and find the best financing option for your home purchase journey.

Hope your day is full of sunshine

Joel Lobb Mortgage Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com

http://www.mylouisvillekentuckymortgage.com/

NMLS 57916 | Company NMLS #1364/MB73346135166/MBR1574

Summary of different loan programs for Kentucky first-time homebuyers

Here’s a summary of different loan programs for Kentucky first-time homebuyers with a focus on various criteria to include credit score, down payment, debt to income ratio, work history, credit, bankruptcy, foreclosure and employment and closing time frame

FHA Loan:
- Credit Score: Typically requires a minimum credit score of 580; borrowers with lower scores may still qualify but may need a larger down payment.
- Down Payment: Minimum down payment of 3.5%.
- Income Ratio: Front-end ratio (housing expenses to income) should not exceed 31%; back-end ratio (total debt to income) should not exceed 43%.
- Work History: Generally requires at least two years of steady employment, though exceptions can be made.
- Credit, Bankruptcy, and Foreclosure: More forgiving than conventional loans; may consider borrowers with past bankruptcy or foreclosure.
- Employment and Work History: Stable employment and income are essential.
- Time to Close: Typically around 30-45 days. Appraisal and property requirements follow FHA guidelines.
VA Loan:
- Credit Score: VA doesn’t set a minimum score; lenders may have their requirements, often around 620 or higher.
- Down Payment: No down payment required for most borrowers.
- Income Ratio: Flexible debt-to-income ratios, often up to 41% or higher in certain cases.
- Work History: Stable employment history is preferred.
- Credit, Bankruptcy, and Foreclosure: More lenient on past credit issues; may consider borrowers with past bankruptcy or foreclosure.
- Employment and Work History: Consistent income from stable employment is crucial.
- Time to Close: VA loans can take 45-60 days to close. Appraisal and property requirements must meet VA standards.
USDA Loan:
- Credit Score: Typically requires a minimum credit score of 640; exceptions may be possible with compensating factors.
- Down Payment: No down payment required for eligible borrowers.
- Income Ratio: Maximum debt-to-income ratio of 41%, though exceptions may be made with strong compensating factors.
- Work History: Stable employment history is preferred, typically two years or more.
- Credit, Bankruptcy, and Foreclosure: Consideration for borrowers with past credit issues, bankruptcy, or foreclosure.
- Employment and Work History: Consistent income from stable employment is important.
- Time to Close: USDA loans may take 30-60 days to close. Appraisal and property requirements must meet USDA guidelines.

Each loan program has specific eligibility criteria and requirements, so it’s essential for first-time homebuyers to consult with lenders or mortgage experts to determine the best fit based on their financial situation and goals.

Sure, here’s the additional information about appraisal requirements and income documentation needed for different loan programs:

FHA Loan:
- Appraisal Requirements: The property must meet FHA guidelines, including minimum property standards and safety requirements. An FHA-approved appraiser assesses the property’s value and condition.
- Income Documentation: Generally requires recent pay stubs, W-2 forms, tax returns for the past two years, and proof of additional income sources (if applicable).
VA Loan:
- Appraisal Requirements: VA loans require a VA appraisal conducted by a VA-assigned appraiser. The appraisal assesses the property’s value and ensures it meets VA’s Minimum Property Requirements (MPRs).
- Income Documentation: Typically includes pay stubs, W-2 forms, tax returns for the past two years, and proof of any additional income (e.g., bonuses, alimony, rental income).
USDA Loan:
- Appraisal Requirements: USDA loans require a USDA appraisal to determine the property’s value and ensure it meets USDA’s standards for safety and livability.
- Income Documentation: Similar to FHA and VA loans, USDA loans require pay stubs, W-2 forms, tax returns for the past two years, and documentation of other income sources.

Hope your day is full of sunshine

Joel Lobb Mortgage Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com
http://www.mylouisvillekentuckymortgage.com/

NMLS 57916 | Company NMLS #1364/MB73346135166/MBR1574

We just moved here the first of January in 2017 from Ohio to the Louisville, KY area and we found Joel’s website online. He was quick to respond to us and got back the same day on our loan approval. He was very knowledgeable about the local market and kept us up-to date throughout the loan process and was a pleasure to meet at closing. Would recommend his services.

Angela Forsythe

“We were searching online for mortgage companies in Louisville, Ky locally to deal with and found Joel’s website, and it was a godsend. He was great to work with, and delivered on everything he said he would do. I ended up referring my co-worker at UPS, and she was very pleased with his service and rates too. Would definitely vouch for him.” September 2016

Monica Leinhardt

“We contacted Joel back in July 2011 to refinance our Mortgage and he was great to work with. We contacted several lenders locally and online, and most where taking almost 60 days to close a refinance, Joel got it done in 23 days start to finish,I would definitely recommend him. He got us 3.75% with just $900 in closing costs on our FHA Streamline loan.

Kayle Griffin

“Joel is one of the best Mortgage Brokers I have ever worked with in my sixteen years in the real estate and mortgage business.” May 25, 2010

Tim Beck

“Joel has always worked very hard to keep his word and to work out seasonable solutions to difficult problems. He is truly an expert in FHA and other type loans.” September 1, 2010

Nancy Nalley

“I have worked with Joel since 1998. He is a great loan professional.” I refer most of my Louisville, Kentucky area home buyers to him and he always take special care of them. August 23, 2012

Jon ClarK

“Joel Lobb is a real professional in the lending industry, with many years of experience, he is the one to go to for any mortgage lending needs.” August 22, 2011

RICHARD VOLZ , Residential Sales , Remax Foursquare Realty

“When looking to purchase our new home in 2006, I had the pleasure of meeting Joel Lobb. Not only was he personable and easy to reach, he was extremely knowledgable in his field and made sure to find us the best rate and a top notch mortgage company. We were able to complete the process in less than 3 weeks with his expertise. I find Joel to have the utmost high integrity and I recommend him to anyone who say’s they are need of mortgage assistance. He is also fantastic and keeping everyone up to date on the latest in the housing industry through his twitter posts. He provided great results for our family and we still communicate to this day!” August 21, 2010

Stacie Drake

“We first use Joel on our new home purchase in 2007 in St Matthews, Kentucky area and he was great to work with. We have since refinanced our home with him in 2010 when rates got really low and he has always delivered on what he says. I could not imagine using anyone else.”

Melody Glasscock March 2014

Absolutely Amazing!! I emailed Joel after I had just got a denial from a bank and just thought i would try to get some advice on what my next steps would be to get a house. I honestly didn’t expect to even get a reply because my credit is not great. That was about a week and a half ago. I just signed a contract on a house last night. ONLY because of Joel Lobb. He even worked with us throughout the weekend, which shocked me. Best decision I have ever made. THANK YOU SO MUCH FOR WORKING WITH US THROUGHOUT THE ENTIRE PROCESS.

Cee Bellisle August 2018

😃

Contacted him about buying a home and he was great to work with. I was moving to Louisville Ky to take a new job and he walked me through the entire process. He explained to me all the different options for FHA, VA, USDA mortgage loans and credit score requirements versus Fannie Mae. Since I was a first time home buyer I needed alot of help and guidance. I would definitely recommend him. Fast to respond and available to answer questions that I or my realtor had after hours.

Anderson Johnson April, 2018

We moved from Michigan to Northern Kentucky area and we were really impressed. We got a USDA loan no money down and closed in less than 3.5 weeks. We shopped around online with other lenders but Joel was always first to respond and his rates were just a little better than other lenders. He kept us informed through the process along with our realtor and there was absolutely no surprises like we heard from other co-workers and friends that they experienced in their loan process. We have already referred another co-worker to Joel . He’s AWESOME!

Patty Kingston July 2018

Wow, what a great loan officer. I was referred to him by our agent and he was great to work with. We used him for a USDA no money down loan in Shelby County and we were really impressed. We were afraid we could not buy a home since we did not have money saved for a down payment, but Joe l was able to get us a zero down loan and we even got our appraisal fee and good faith deposit back at closing. We actually got money back at closing!!! I Can’t think him enough. Our family moved from our apartment in the south end of town to get our own home with 5 acres for our kids and 2 dogs, at a payment that is equal to our rent payment also. .Thanks Again Joel. May god bless you

Patty Locker

We contacted Joel about buying a house on our move from Ohio for my husband’s job transfer with Ford. We put a lot of trust in him since we were new to the area and first time home buyers in the Louisville KY market, and he always delivered on what he said. It took us a while to find a home due to the lack of homes, but once we got one, he was always quick to respond our questions via text or email ,and kept us informed through the process. We got to meet him at the closing and he was super nice and even got us a closing gift for our home which we didn’t expect at all. Super nice guy 😀!!! I would definitely recommend him for a local Home loan in the Louisville area.

pam dolby

I got a VA loan with Joel and he was great. He is an ex-army guy so he could relate to my past experiences of being a veteran and moving around the country a lot. I had some credit issues that required a little extra work but Joel was able to find A VA lender to approve my situation as far as having past bad credit problems and a lower credit score. We closed yesterday on our home here in Louisville and we could not be happier. We finally have a home of our own thanks to Joel . I would definitely recommend him for a mortgage loan. Great experience and closed 8 days before expected close date so we were able to move in early.

😍😍😍👍

I contacted Joel about the $10,000 KY Housing Grant last month and we were able to get it and I just closed on my home. He was great to work with and if you are a first time home buyer here in Louisville, I would definitely contact him. I met him at his office and he was very nice and knowledgeable and kept me informed through the process. No surprises either so I was very happy. I am new homeowner thanks to Joel .

Betty parsons

As a life-long Kentucky resident, I have helped over 579 Kentucky families buy or refinance their home over the last 17 years. You can trust me for your next mortgage loan. I deliver on what I say and I will give you honest, up-front personal attention you deserve for your home loan. I have several advantages over the big- mega banks in town. First, I can shop your loan thru different mortgage companies across the country to get you the best deal out there, whereas most banks will offer offer you there one and only deal. I have access to over 15 different mortgage companies to broker your loan thru. My rates and fees are just as good or better than local banks and you will not get lost in the shuffle like most borrowers do at the mega banks; your just not a number at our company, you are a person and we will treat you like one throughout the entire process. Free pre-approvals within 2 hours and get your loan closed within 15 days. Give us a try or let us compare what you have now. Call me or text me locally anywhere in KY at 502-905-3708; this is my personal cell phone and I carry it on me at all times. Free credit reports and approvals.

Website Fine Print
The content provided on this website is presented or compiled by Joel Lobb and is provided for informational purposes only. It does not necessarily represent the views or opinions of his employer.

Joel Lobb or his employer assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed, or represents that its use would not infringe privately owned rights.

The mortgage or financial services or strategies mentioned in this website may not be not suitable for you.

Joel Lobb is a Licensed Mortgage Originator: NMLS #57916.
Legal Disclaimer

This web site is not the FHA, VA, USDA, HUD or any other government organization responsible for managing, insuring, regulating or issuing residential mortgage loans.

**Download Fair Housing Booklet – CLICK HERE

All approvals and rates are not guaranteed, and are only issued based on standard mortgage qualifying guidelines.

This blog is a sponsored blog created or supported by a company, organization or group of organizations. For questions about this blog, please contact Joel Lobb 502-905-3708 or email kentuckyloan@gmail.com NMLS# 57916.

This blog does not accept any form of advertising, sponsorship, or paid insertions. We write for our own purposes. However, we may be influenced by our background, occupation, religion, political affiliation or experience.

This blog abides by word of mouth marketing standards. We believe in honesty of relationship, opinion and identity. The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post will be clearly identified as paid or sponsored content.

The owner(s) of this blog is not compensated to provide opinion on products, services, websites and various other topics. The views and opinions expressed on this blog are purely the blog owners. If we claim or appear to be experts on a certain topic or product or service area, we will only endorse products or services that we believe, based on our expertise, are worthy of such endorsement. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer or provider.

This blog does contain content which might present a conflict of interest. This content will always be identified.

See link👇

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The mortgage or financial services or strategies mentioned in this website may not be not suitable for you.

Joel Lobb is a Licensed Mortgage Originator: NMLS #57916.
Legal Disclaimer

This web site is not the FHA, VA, USDA, HUD or any other government organization responsible for managing, insuring, regulating or issuing residential mortgage loans.

**Download Fair Housing Booklet – CLICK HERE

All approvals and rates are not guaranteed, and are only issued based on standard mortgage qualifying guidelines.

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American Mortgage Solutions. may conduct online user surveys to collect information about our Users preferences. These surveys are optional and if You choose to respond, your responses will be kept anonymous. Similarly, we offer contests to qualifying Users in which we ask for contact and demographic information such as name, email address and mailing address.

Automatically Gathered Information.
American Mortgage Solutions. automatically collects your browser type and browser software version to tailor the presentation of the services to your platform and to maintain a record of your activity on the Site. American Mortgage Solutions. may also use cookies to enable users to specify unique preferences and to track user trends and patterns. Users always have the option of disabling cookies via their browser preferences. If You disable cookies on your browser, please note that some parts of our Site may not function as effectively or may be considerably slower. As an automatic process, our web server software records a log file of IP addresses that access the Site. We also collect IP address information but do not ordinarily link IP addresses to Users Personally Identifiable Information. However, We can and will use IP addresses to identify a User when We, in our sole discretion, determine that it is necessary to enforce compliance with our Terms and Conditions of Use or to protect our service, Site, customers or others.

Your Public Profile.
As part of registration, You may be required to provide contact information such as name, address, city, state, zip, phone, fax and email address, some of which can be displayed to other users of our service in an effort to simplify communication between members.

How We Use Information.

Registration Information.
We use Personally Identifiable Information for our own internal purposes including contacting You via email to inform You about updates to our services and providing You with other information that we deem necessary. We reserve the right to disclose your information as required by law. We do not rent or sell our Users Personally Identifiable Information to third parties.

Advertising.
At this time we do not display banner advertising on our site, but we may send You email communications including information that we think may be of interest to You. You may opt out of receiving these promotional email communications, either when You register to become a Member, or at any time thereafter by contacting us.

Demographic Information, Surveys and Contests.
The demographic information that American Mortgage Solutions. collects in the registration process and through online surveys may be used to help us improve our services to meet the needs and preferences of our Users. This may include targeting advertising to You about our services. Information we gather through a contest may also be disclosed to third parties as necessary for prize fulfillment and other aspects of any contest or similar offering.

Comments Submitted by Users.
American Mortgage Solutions. constantly seeks to improve the quality of the services We provide and the User experience on the Site. We value your input and encourage You to help us expand and make improvements to the Site by providing Us with any thoughts or comments You might have regarding our services or the operation of the Site. You can submit any comments by contacting us. If You provide this information, we will only use it to acknowledge or respond to your comments. In certain circumstances, we may ask for your permission to post your comments in marketing or promotional materials.

Security.
We will use commercially reasonable methods to keep Personally Identifiable Information securely in our files and systems. Please note that with current technology, we cannot guarantee the security of your data as it travels over the Internet.

How We Respond To Browser Do Not Track Requests
American Mortgage Solutions. and other parties not affiliated with us may collect Personally Identifiable Information about your online activities over time and across different websites when you use our website or the services offered on our website. Industry standards regarding how to handle “Do Not Track” requests from web browsers are still evolving and there is currently no set of industry standards for handling such requests. As such we may not separately respond to or take any action with respect to a “do not track” configuration set in your internet browser. At this time, we do not have any protocol in place that allows you to opt-out of internet tracking. If you have any questions regarding our internet tracking methods please contact us.
Terminating Your Membership.
We save your Personally Identifiable Information until your membership with us is terminated. To terminate your membership, contact us. If You terminate your membership, your Personally Identifiable Information cannot be recovered. You may continue to receive email communications for a short period of time until we have updated all of our databases. After termination of your membership, your Personally Identifiable Information may remain on our archived database and records for a reasonable time as residual information. We will not use this residual information. Notwithstanding the above, we will maintain information on Users who have been removed for violating our Membership Agreement.

Correcting/Updating Your Information.
To correct and/or update your information, please contact us.

Contacting Us.
If You have any questions about this Privacy Agreement or the practices of this Site, you may contact us at:
American Mortgage Solutions.
Customer Service
10602 Timberwood Circle, Suite 3
Louisville, Kentucky 40223
502-905-3708

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Hope your day is full of sunshine

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Hope your day is full of sunshine

Joel Lobb Mortgage Loan Officer

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Hope your day is full of sunshine

Joel Lobb Mortgage Loan Officer

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Hope your day is full of sunshine

Joel Lobb Mortgage Loan Officer

Share this:

Debt-to-Income (DTI) ratio requirements for Kentucky FHA, VA, USDA, and conventional mortgage loans