Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: June 2014

I specialize in Kentucky First Time Homebuyers FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 1300 Kentucky families buy their first home or refinance their current mortgage for a lower payment; Kentucky First time buyers we still how available down payment assistance with KHC. Free Mortgage applications/ same day approvals. Web site is not endorsed by the FHA, VA, USDA govt agency. Text/call 502-905-3708 kentuckyloan@gmail.com NMLS 57916 NMLS 1738461

How do Judgements affect a Kentucky Mortgage Loan Approval?

Judgments and how they affect a Kentucky Mortgage Loan Approval.

Judgements are treated differently than collections when it comes to a mortgage loan approval in Kentucky.

All judgments must be paid off prior to the loan closing unless there is a written agreement for a payment plan.
In order to accept a payment plan for a judgment, the written agreement must be provided along with evidence that at least 3 payments have been made and that all payments have been made on time.
Any payment plan for a judgment must have its monthly payment include in the DTI calculation.
Judgments of a Non-Purchasing Spouse in a community property state must be included, unless excluded by state of Kentucky

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Joel Lobb
Senior Loan Officer

(NMLS#57916)

phone: (502) 905-3708

Fax: (502) 327-9119

kentuckyloan@gmail.com

Company ID #1364 | MB73346

http://mylouisvillekentuckymortgage.com/

Joel Lobb, Mortgage Broker FHA, VA, KHC, USDA

Why Work With Me? Local Expertise: I know the ins and outs of Kentucky’s housing market and loan programs. Fast Approvals: I offer free mortgage applications with same-day approvals to keep the process moving quickly. Customized Loan Solutions: Whether you’re buying a home or refinancing, I’ll find the right loan program to fit your needs. Personalized Service: I treat every client like family, ensuring you’re supported and informed throughout the process. About My Website Visit my website for a wealth of resources tailored to Kentucky homebuyers. You’ll find: Step-by-step guides for first-time homebuyers. Information on loan programs like FHA, VA, USDA, and KHC. Tools to help you calculate potential payments and affordability. Blog posts with tips and updates on the Kentucky housing market. A secure portal to start your loan application and upload documents. Please Note: My website is not endorsed by the FHA, VA, USDA, or any government agency. It is an independent platform created to educate and assist homebuyers with expert advice and accessible tools.

KENTUCKY FANNIE MAE CONVENTIONAL LOAN MINIMUM BORROWER CONTRIBUTIONS CHANGES

KENTUCKY FANNIE MAE CONVENTIONAL LOAN MINIMUM BORROWER CONTRIBUTIONS CHANGES FOR 2019

Fannie Mae New Loan Limits for Kentucky in 2019

Fannie mae has just announced an increase to Kentucky's County Loan Limits for 2019. Effective Thursday November 29^th, Fusion will be updated to allow Kentucky Conventional loans to be locked using the 2019 Loan Limits.

The new loan limits are listed below. Individual County Loan Limits for 2019 can be found on Kentucky Fannie Mae Conventional Loan Limit Look-Up Table HERE.