Every Kentucky Loan Type. One Local Expert.

Whether you’re buying your first home, using down payment assistance, or rebuilding credit — there’s a program that fits. Compare them side by side before you commit.

🏠 FHA Loan

The go-to for first-time buyers and 580+ credit. Low down payment and flexible guidelines.

3.5% down · 580+ creditLearn More →

🎖 VA Loan

Zero down and no monthly mortgage insurance for veterans and active-duty service members.

$0 down · VA eligibleLearn More →

🌾 USDA Loan

100% financing for eligible rural and suburban Kentucky buyers within income limits.

$0 down · USDA areasLearn More →

🏛 KHC Assistance

Kentucky Housing down payment assistance for first-time and repeat buyers.

Up to $12,500 assistanceLearn More →

📈 Conventional

Best long-term value for stronger credit. PMI cancels at 20% equity, unlike FHA.

3% down · 620+ creditLearn More →

💰 Zero Down Options

Every route to buying with nothing down in Kentucky — VA, USDA, and KHC combos.

$0 down programsLearn More →

🌟 First-Time Buyers

All Kentucky first-time homebuyer programs compared in plain English.

Programs & grantsLearn More →

📊 Credit Scores

What score you actually need for each loan type in 2026 — and how to raise yours.

By loan programLearn More →

Getting a Kentucky Mortgage in 3 Simple Steps

No confusing paperwork trails. No surprise fees. A clear path from first call to keys in hand.

💬 Get Pre-Qualified

Free application review with same-day answers. We look at your credit, income, and goals — no cost, no obligation, no pressure.

📋 Compare Your Options

FHA vs. Conventional vs. USDA vs. KHC — run side by side with your actual numbers so you see the real payment before you commit.

🏠 Close & Get Your Keys

Guided from contract to closing — appraisal, title, and underwriting coordinated so you always know what happens next.

Watch: Kentucky Mortgage Guides

Straight answers from my YouTube channel — no jargon, no sales pitch.

▶ More videos on my YouTube channel →

Joel Lobb and family - Kentucky mortgage loan officer

Kentucky Local. Not a Call Center.

Hi, I’m Joel Lobb — a Kentucky dad who’s spent 20+ years helping families across all 120 counties buy their first home. When you call, you get me — not a phone tree. Questions on a Saturday morning? I answer.

1,300+ Kentucky families have trusted me with their mortgage — from Louisville to Lexington to the smallest towns in the state. Free application reviews, same-day pre-approvals, and honest answers about what you actually qualify for.

See What You Qualify For →

Kentucky FHA Mortgage Insurance Changes for 2017. Cheaper Mortgage Insurance!

- January 10, 2017

Kentucky FHA MIP Rate Changes

Effective for Kentucky FHA loans with a disbursement date on or after January 27, 2017, HUD is lowering the monthly MIP rates almost across the board. The only MIP remaining the same is that of Streamline & Simple Refinances with terms > 15 years who were eligible for lower MIP as part of the HARP program. Please refer to the below chart for a comparison of the current and upcoming MIP rates.

This is a 25% reduction so it is pretty big deal for lowering your mortgage payments if you go FHA.

For example on a $150,000 loan amount, this would reduce your payment by $31 a month if you had a FHA loan with with 3.5% down payment with a qualfying credit score.

Remember, FHA does not base their premiums on credit scores, meaning everyone get's the same deal on mi even if you have a 600 credit score, or a 750 credit score.

So if you have a lower fico score, you may want to look at doing a FHA loan after January.

Loan Term > 15 Years

Base Loan Amount*	LTV	Current MIP	New MIP
≤ $625,500	≤ 95.00%	80 bps	55 bps
≤ $625,500	> 95.00%	85 bps	60 bps
> $625,500	≤ 95.00%	100 bps	55 bps
> $625,500	> 95.00%	105 bps	60 bps

Loan Term ≤ 15 Years

Base Loan Amount*	LTV	Current MIP	New MIP
≤ $625,500	≤ 90.00%	45 bps	25 bps
≤ $625,500	> 90.00%	70 bps	50 bps
> $625,500	≤ 78.00%	45 bps	25 bps
> $625,500	78.01 - 90.00	70 bps	25 bps
> $625,500	> 90.00%	95 bps	50 bps

*NOTE: Base Loan Amount is as reported by FHA Mortgagee Letter. This amount may be subject to change to match the new FHA 1-Unit high balance limit of $636,150.

Streamline/Simple Refinances with previous mortgage endorsed prior to June 1, 2009

Term > 15 Years

Base Loan Amount	LTV	Current MIP	New MIP
All Loan Amounts	All LTVs	55 bps	55 bps

Term ≤ 15 Years

Base Loan Amount	LTV	Current MIP	New MIP
All Loan Amounts	All LTVs	55 bps	25 bps

Equal Housing Lender. NMLS#:57916

Rates, terms, and program information are subject to change without notice. Subject to certain approvals, terms and conditions. This is not a commitment to lend.

Joel Lobb
Senior Loan Officer

(NMLS#57916)

Text or call phone: (502) 905-3708

email me at kentuckyloan@gmail.com

http://www.mylouisvillekentuckymortgage.com/

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 views of my employer. Not all products or services mentioned on this site may fit all people

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