I specialize in Kentucky FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; First time buyer $0 down still available with down payment assistance with KHC. Free Mortgage applications same day approvals. This web site is not endorsed by the FHA, VA, USDA, HUD or any other govt agency.Text/call 502-905-3708 kentuckyloan@gmail.com NMLS#57916 Equal Housing Lender
Pages
- 4 Things Required for a KY Mortgage Loan Approval
- Credit Scores Kentucky Mortgage Loan
- Kentucky First-time Home Buyer Programs
- Down Payment Assistance Kentucky 2019
- Kentucky FHA Mortgage Information
- Kentucky VA Mortgage Loan Information
- USDA Rural Housing Kentucky Loan Information
- Zero Down Kentucky Mortgages
- First-time Home-buyers in Kentucky
- Documents Needed Mortgage Approval in Kentucky
- Do's & Dont's before closing:
- Free Credit Score Booklet
- Closing Costs Kentucky Mortgage
- Lock Kentucky Mortgage Loan Rate
- Home Inspections Kentucky
Monday, August 19, 2019
FHA to make financing easier for condo owners
FHA to make financing easier for condo owners: The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it will now allow individual unit approval and is taking other steps to loosen requirements that make these properties eligible for FHA financing. The agency said it expects the updated guidelines to qualify up to 60,000 more condo units a year for financing.
Wednesday, August 14, 2019
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2019...
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2019...: 2019 Kentucky Down Payment Assistance Programs Rest assured, most Kentucky first-time home buyers in 2019 are confused and ...
Saturday, August 10, 2019
Kentucky First Time Home Buyer Programs
What home loans programs are available to first time home buyers in Kentucky?
I have listed below the five mortgage programs that Kentucky Home Buyers typically consider on their first home purchase:
I do not have a lot of money for a down payment and have some credit issues in the past.
Loan Features:
- Great for First Time Home buyers in Kentucky
- Low Down Payment of 3.5%
- Easy Credit Qualifying with credit scores of 500 and above
- 2 years removed from bankruptcy
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KENTUCKY FHAMORTGAGESGovernment-backed loans with flexible guidelines.500 minimum credit score with 10% down payment3.5% down payment with 580 credit score2 years removed from bankruptcyCan be combined with down payment grants for $0 down payment Max loan $314,827 in Kentucky 2 year work history with no gaps over 6 months |
I live in a rural area and need financing for a home and have no money down in Kentucky for a home loan
Loan Features:
- Great for those with Low to Moderate Income.
- Up to 100% Financing
- Flexible Underwriting Guidelines and Credit Qualifications
- Household Income & Property Geographic Limitations Apply
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KENTUCKY USDAMORTGAGESGovernment-backed loans with flexible guidelines.Zero Down Payment581 Minimum Credit Score3 years removed from BankruptcyMax Income and Property Map Eligibility Requirements 2 year work history with no gaps over 60 days |
I am able to make a larger down payment and have a good credit score.
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KENTUCKY CONVENTIONAL FIXED RATEMORTGAGESGet your fixed interest rates for eligible buyers.620 minimum credit score3% down payment4-7 years removed from Bankruptcy Depending of if Chapter 7 or 13Max Loan is $484,350 in Kentucky 2 Year work history but does not have to be same job |
Loan Features:
- Great for those with Moderate to High Income
- As Little as 5% Down Payment (only 3% for First-Time Homebuyers)
- 20% Down Payment Removes Mortgage Insurance Premiums
- Flexible Terms
I am an active member of the military or a veteran in Kentucky
Loan Features:
- Designed to Provide Financing to American Veterans
- Up to 100% Financing
- No Monthly Private Mortgage Insurance (PMI)
- No minimum credit score
- 2 years removed from bankruptcy
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KENTUCKY VAMORTGAGESGovernment-backed loans for those who’ve served our nation. Zero Down Payment LoanNo minimum credit score2 years removed from bankruptcyActive Duty --like to see a least a year left in service or 6 months reserves and a job relatable ot your mos skill |
I want to purchase a manufactured home with land.
Loan Features:
- Great for First Time Homebuyers
- Low Down Payment
- Easy Credit Qualifying
- Easy Refinancing
Manufactured Housing
KHC requires an Affidavit of Conversion to Real Estate per KRS186A.297, when manufactured home is permanently affixed to land.
The Certificate of Title is surrendered.
If manufactured house has not been converted to real estate, then this can be done at closing.
The following items need to be uploaded in the Closed Loan Package:
A copy of the recorded affidavit and the surrendered title to the manufacture home.
A copy of the executed affidavit and title (to be surrendered) sent to the county clerk for recording.
If a new manufactured home, copy of the original certificate of origin from the manufacturer that is going to be delivered to the county clerk so that title can be ordered.
After title is received, affidavit is prepared for recording and title is surrendered.
Within 90 days or less from closing date, need original of newly recorded affidavit and coy of surrendered title.
Failure to send to KHC within timeframe could result in repurchase.
Affixations are not acceptable.
Do not record affixations with the mortgage.
Manufactured Housing Guidelines for Mobile homes in Kentucky
FHA and VA Loan with Manufactured Homes
Both new and existing manufactured housing is allowed.
FHA requires a foundation inspection by a structural engineer.
RHS Loans with Manufactured Home
KHC only allows new manufactured housing.
Dealer to property and set up like a stick built house.
Conventional Loans with Manufactured Home
Both new and existing manufactured housing is allowed with Conventional Preferred and Preferred Risk programs.
95% LTV / 105% CLTV.
Joel Lobb (NMLS#57916)
Senior Loan Officer
Senior Loan Officer
American Mortgage Solutions, Inc.
10602 Timberwood Circle Suite 3
Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Equal Opportunity Lender. NMLS#57916 http://www.nmlsconsumeraccess.org/
— Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. The content in this marketing advertisement has not been approved, reviewed, sponsored or endorsed by any department or government agency. Rates are subject to change and are subject to borrower(s) qualification.
Monday, August 5, 2019
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2019...
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2019...: 2019 Kentucky Down Payment Assistance Programs KENTUCKY FIRST TIME HOME BUYERS MORTGAGE REQUIREMENTS Kentucky First Time Home Buyers P...
Sunday, August 4, 2019
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: 5 Things to Know For First Time Home Buyers in Ken...
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: 5 Things to Know For First Time Home Buyers in Ken...: Kentucky First Time Home Buyers Questions Answered Below: 1. Do Mortgage Rates Change Daily? Just like the gas prices ...
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