Kentucky Mortgage Lender

Can You Get a Mortgage After Bankruptcy in Kentucky? (2025 Guide) Kentucky Mortgage Guide Can You Get a Mortgage After Bankruptcy in Kentucky? The complete guide to FHA , Conventional, VA & USDA waiting periods — plus how to use KHC down payment assistance after Chapter 7 or Chapter 13 . By Joel Lobb — Kentucky Mortgage Loan Officer NMLS #57916  ·  20+ Years Experience Yes — bankruptcy does not permanently disqualify you from buying a home in Kentucky. Thousands of Kentucky families have purchased homes after Chapter 7 or Chapter 13 bankruptcy. The key is knowing the right waiting periods and which loan program fits your situation. This guide breaks down exactly what you need to qualify — including FHA, Conventional (Fannie Mae), VA, and USDA guidelines — so you can plan your road back to homeownership with confidence. How Long After Bankruptcy Can You Get a Mortg...

What a Short Sale Means for a Mortgage Loan in Kentucky A short sale happens when a homeowner in Kentucky sells their property for less than the total amount owed on the mortgage, and the lender agrees to accept that reduced payoff. The transaction brings the loan balance up short of the full amount owed, allowing the borrower to avoid foreclosure and the lender to reduce further loss exposure. This option is commonly used when a borrower faces financial hardship and needs a controlled exit strategy. How a Kentucky Short Sale Works The borrower lists the home, receives an offer, and submits it to their servicer for approval. The lender reviews the hardship, property value, net proceeds, and documentation before issuing written approval. While the seller can accept an offer, the contract is not binding until the lender signs off. Typical approval timelines range from 30 to 90 days depending on loan type and investor rules. Hardship Requirements Kentucky lenders require documen...

Kentucky FHA Loan Guidelines for Bankruptcy and Foreclosure Chapter 7 Chapter 7 bankruptcy discharged more than 24 months prior to the application date may be allowed. Chapter 7 bankruptcy discharged between 12 and 24 months prior to the application date requires satisfactorily established credit and documentation showing the circumstances which caused the bankruptcy were beyond the borrower's control (i.e. unemployment, medical bills not covered by insurance). In these instances, the file must be manually downgraded to a refer and manually underwritten. It falls upon the underwriter to make a final determination as to the overall quality of the file. Chapter 7 bankruptcy discharged less than 12 months prior to the application date is not allowed. Chapter 13 Loans where the borrower is currently in a Chapter 13 bankruptcy or had a Chapter 13 bankruptcy which was discharged within the previous 2 years require manual downgrade and must be underwritten manually. Note that manual under...

Updated November 2026 · Reviewed by Joel Lobb , Senior Loan Officer, NMLS #57916, EVO Mortgage Yes, you can buy a home in Kentucky after bankruptcy. After a Chapter 7 discharge, VA and FHA allow a new mortgage after 2 years, USDA after 3, and Conventional after 4. During a Chapter 13, FHA, VA and USDA can approve you after 12 months of on-time plan payments with the trustee's permission. Rebuilt credit and steady income matter as much as the calendar. Waiting periods by loan program Event FHA VA USDA Conventional Chapter 7 bankruptcy 2 years from discharge 2 years from discharge 3 years from discharge 4 years from discharge Chapter 13, still in the plan 12 months of on-time payments + trustee approval 12 months of on-time payments + trustee approval 12 months of on-time payments + trustee approval Not eligible until discharged Chapter 13, discharged No wait if 12 months of payments were made No added wait with satisfactory payments Case by case 2 years from discharge (4 fr...

Bankruptcy Mortgage Loans in Kentucky | FHA, VA, USDA & Conventional Guidelines for Chapter 7 & 13 Looking for a mortgage loan in Kentucky after bankruptcy? Whether you’ve filed Chapter 7 or Chapter 13, you may still qualify for FHA, VA, USDA, or Conventional (Fannie Mae) loans. In this video, Joel Lobb, Kentucky Mortgage Expert with EVO Mortgage, breaks down the waiting periods, loan program requirements, and real options available to Kentucky homebuyers — even after bankruptcy. ✅ FHA – 2 years after Chapter 7, 1 year into Chapter 13 ✅ VA – 2 years after Chapter 7, 1 year into Chapter 13 ✅ USDA – 3 years after Chapter 7, 1 year into Chapter 13 ✅ Conventional – 4+ years depending on discharge or dismissal 🏡 Serving all of Kentucky including Louisville, Lexington, Owensboro, Bowling Green, and rural counties. 📞 Call/Text: (502) 905-3708 📧 Email: kentuckyloan@gmail.com 🔗 Learn more: MyLouisvilleKentuckyMortgage.com Equal Housing Lender | NMLS 57916 | EVO Mortgage NMLS 17...

Kentucky USDA Rural Housing Mortgage Lender: Buying a Foreclosed or Fixer-Upper Home in Kentuck... : Discover how Kentucky homebuyers with fixed income or disabilities can buy a foreclosed or fixer-upper home using a USDA 502 Guaranteed or D...

Can you get a mortgage loan while in a Chapter 13 Bankruptcy? Here is a brief summary: You must have 12 payments paid into the Chapter 13 before you can apply for a mortgage loan. The payments must be made on time for last 12 months or after 12 months if you have been in longer, so no late payments to the Chapter 13 while in it. You have to ask permission from the courts to seek a mortgage loan. They usually grant this. I have never not seen them grant it. You have to qualify with the new house payment along with Chapter 13 payments and other debts listed on credit report. Debt to income ratios usually center around 31 and 43% respectively, meaning the new house payment should not be more than 31% of your gross monthly income and your total house payment and debts listed on credit report along with Chapter 13 payment should not be more than 43% of your total gross monthly income. Credit scores : Most FHA lenders I work with will want a 620-middle score. You have three fico scores...

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