Thursday, March 15, 2012

Kentucky FHA Lenders


Kentucky FHA Lenders & Loan Limits


Current FHA Loan Limits in KY

County Name1 Unit Loan Limit2 Unit Loan Limit3 Unit Loan Limit4 Unit Loan Limit
ADAIR271,050347,000419,425521,250
ALLEN271,050347,000419,425521,250
ANDERSON271,050347,000419,425521,250
BALLARD271,050347,000419,425521,250
BARREN271,050347,000419,425521,250
BATH271,050347,000419,425521,250
BELL271,050347,000419,425521,250
BOONE337,500432,050522,250649,050
BOURBON271,050347,000419,425521,250
BOYD271,050347,000419,425521,250
BOYLE271,050347,000419,425521,250
BRACKEN337,500432,050522,250649,050
BREATHITT271,050347,000419,425521,250
BRECKINRIDGE271,050347,000419,425521,250
BULLITT302,500387,250468,100581,750
BUTLER271,050347,000419,425521,250
CALDWELL271,050347,000419,425521,250
CALLOWAY271,050347,000419,425521,250
CAMPBELL337,500432,050522,250649,050
CARLISLE271,050347,000419,425521,250
CARROLL271,050347,000419,425521,250
CARTER271,050347,000419,425521,250
CASEY271,050347,000419,425521,250
CHRISTIAN271,050347,000419,425521,250
CLARK271,050347,000419,425521,250
CLAY271,050347,000419,425521,250
CLINTON271,050347,000419,425521,250
CRITTENDEN271,050347,000419,425521,250
CUMBERLAND271,050347,000419,425521,250
DAVIESS271,050347,000419,425521,250
EDMONSON271,050347,000419,425521,250
ELLIOTT271,050347,000419,425521,250
ESTILL271,050347,000419,425521,250
FAYETTE271,050347,000419,425521,250
FLEMING271,050347,000419,425521,250
FLOYD271,050347,000419,425521,250
FRANKLIN271,050347,000419,425521,250
FULTON271,050347,000419,425521,250
GALLATIN337,500432,050522,250649,050
GARRARD271,050347,000419,425521,250
GRANT337,500432,050522,250649,050
GRAVES271,050347,000419,425521,250
GRAYSON271,050347,000419,425521,250
GREEN271,050347,000419,425521,250
GREENUP271,050347,000419,425521,250
HANCOCK271,050347,000419,425521,250
HARDIN271,050347,000419,425521,250
HARLAN271,050347,000419,425521,250
HARRISON271,050347,000419,425521,250
HART271,050347,000419,425521,250
HENDERSON271,050347,000419,425521,250
HENRY302,500387,250468,100581,750
HICKMAN271,050347,000419,425521,250
HOPKINS271,050347,000419,425521,250
JACKSON271,050347,000419,425521,250
JEFFERSON302,500387,250468,100581,750
JESSAMINE271,050347,000419,425521,250
JOHNSON271,050347,000419,425521,250
KENTON337,500432,050522,250649,050
KNOTT271,050347,000419,425521,250
KNOX271,050347,000419,425521,250
LARUE271,050347,000419,425521,250
LAUREL271,050347,000419,425521,250
LAWRENCE271,050347,000419,425521,250
LEE271,050347,000419,425521,250
LESLIE271,050347,000419,425521,250
LETCHER271,050347,000419,425521,250
LEWIS271,050347,000419,425521,250
LINCOLN271,050347,000419,425521,250
LIVINGSTON271,050347,000419,425521,250
LOGAN271,050347,000419,425521,250
LYON271,050347,000419,425521,250
MADISON271,050347,000419,425521,250
MAGOFFIN271,050347,000419,425521,250
MARION271,050347,000419,425521,250
MARSHALL271,050347,000419,425521,250
MARTIN271,050347,000419,425521,250
MASON271,050347,000419,425521,250
MCCRACKEN271,050347,000419,425521,250
MCCREARY271,050347,000419,425521,250
MCLEAN271,050347,000419,425521,250
MEADE302,500387,250468,100581,750
MENIFEE271,050347,000419,425521,250
MERCER271,050347,000419,425521,250
METCALFE271,050347,000419,425521,250
MONROE271,050347,000419,425521,250
MONTGOMERY271,050347,000419,425521,250
MORGAN271,050347,000419,425521,250
MUHLENBERG271,050347,000419,425521,250
NELSON302,500387,250468,100581,750
NICHOLAS271,050347,000419,425521,250
OHIO271,050347,000419,425521,250
OLDHAM302,500387,250468,100581,750
OWEN271,050347,000419,425521,250
OWSLEY271,050347,000419,425521,250
PENDLETON337,500432,050522,250649,050
PERRY271,050347,000419,425521,250
PIKE271,050347,000419,425521,250
POWELL271,050347,000419,425521,250
PULASKI271,050347,000419,425521,250
ROBERTSON271,050347,000419,425521,250
ROCKCASTLE271,050347,000419,425521,250
ROWAN271,050347,000419,425521,250
RUSSELL271,050347,000419,425521,250
SCOTT271,050347,000419,425521,250
SHELBY302,500387,250468,100581,750
SIMPSON271,050347,000419,425521,250
SPENCER302,500387,250468,100581,750
TAYLOR271,050347,000419,425521,250
TODD271,050347,000419,425521,250
TRIGG271,050347,000419,425521,250
TRIMBLE302,500387,250468,100581,750
UNION271,050347,000419,425521,250
WARREN271,050347,000419,425521,250
WASHINGTON271,050347,000419,425521,250
WAYNE271,050347,000419,425521,250
WEBSTER271,050347,000419,425521,250
WHITLEY271,050347,000419,425521,250
WOLFE271,050347,000419,425521,250
WOODFORD271,050347,000419,425521,250



Kentucky FHA Limits

Lending limits for FHA loans insured for KENTUCKY counties.


FHA Loans and Refinancing in Kentucky




Louisville KY Kentucky FHA Loans


FHA stands for Federal Housing Authority. FHA Loans provide low-cost insured 
Louisville Kentucky FHA Loans that suit a variety of purchasing options. Whether you're buying a home or want to refinance your mortgage, FHA loans might be right for you. If you're unsure about your credit rating, or have concerns about a down payment, FHA loans can give you piece of mind with super low closing costs and flexible payment options.



To be eligible for Louisville Kentucky FHA Mortgage Loans, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income. Your credit background will be fairly considered. You must be able to make a down payment, cover closing costs and have enough income to pay your monthly debt.


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Maximum financing: In Kentucky, the maximum FHA financing will be 97.75% of the appraised value of the home or its selling price, whichever is lower.



Kentucky FHA loans require the home buyer to invest at least 3.5% of the sales price in cash for the down payment and closing costs. If the sales price is $100,000 for example, the home buyer must invest at least $3,500. However, the home buyer can use gifts from family, funds from local, state or government agencies, or other sources for the down payment.

While FHA Guidelines do require that the property be Owner Occupied (OO), they do allow you to purchase condos, planned unit developments, manufactured homes, and 1-4 family residences, in which the borrower intends to occupy one part of the multi-unit residence.

What types of refinance programs does FHA offer in Kentucky?
T
here are three main types of FHA Refinance loans available in KY.

 FHA Rate/Term RefinanceThe FHA Rate/Term Refinance is for borrowers who currently have a conventional fixed rate or ARM mortgage and wish to refinance into an FHA Mortgage. This program helps borrowers who wish to have a stable, fixed rate FHA Insured Loan.

Cash-Out Refinance
An FHA Cash Out Refinance is perfect for the homeowner who wants to access the equity that they have built up in their home. This program is beneficial to homeowners whose property has increased in value since it was purchased.


Streamline Refinance

The FHA Streamline Refinance is designed to lower the interest rate on a current FHA House Loan or convert a current FHA adjustable rate mortgage into a fixed rate. An FHA Streamline Refinance can be performed quickly and easily. It requires much less hassle and paperwork than a normal refinance including no appraisal, no qualifying debt ratios and no income verification.




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