Kentucky FHA Mortgage Loans 2025 | FHA Lender Requirements for First-Time Buyers

Kentucky FHA Loan Requirements for 2025

To qualify for an FHA loan in Kentucky, you'll need to meet several requirements. Here's a detailed breakdown of what lenders will be looking for in 2025:

Credit Score Requirements

While the FHA itself doesn't set a minimum credit score, most Kentucky FHA lenders do. For 2025, you'll generally need a credit score of at least 580 to qualify for the 3.5% low down payment option. If your score is between 500 and 579, you may still be eligible, but you'll likely need to make a larger down payment of at least 10%.

It's important to note that different lenders may have varying credit score requirements, with some requiring scores of 620 or higher. Shopping around with multiple Kentucky FHA lenders can help you find one that works with your specific credit situation.

Down Payment Requirements

As mentioned, the minimum down payment for an FHA loan is 3.5% of the purchase price for borrowers with a credit score of 580 or higher. This down payment can come from several sources:

• Your personal savings
• A gift from a family member (with proper documentation)
• Down payment assistance programs available in Kentucky
• Funds from a retirement account (with restrictions)

Debt-to-Income (DTI) Ratio

Your DTI ratio is the percentage of your gross monthly income that goes towards paying your monthly debts. For FHA loans, your housing DTI (mortgage payment including principal, interest, taxes, insurance, and HOA fees) should ideally be no more than 31% of your income, and your total DTI (all debts) should be no more than 43%.

However, with a strong credit score and other compensating factors, you may be approved with a higher DTI, potentially up to 55% in some cases. Kentucky FHA lenders will evaluate your entire financial picture when making this determination.

Income and Employment Requirements

You'll need to demonstrate a steady employment history for the past two years. Your income must be verifiable through pay stubs, tax returns, and other documentation. Self-employed individuals will need to provide at least two years of tax returns to demonstrate consistent income.

Recent college graduates may be able to use their education to satisfy the employment history requirement if they can show their degree relates to their current employment.

Property Requirements

The home you're buying must be your primary residence - you cannot use an FHA loan for investment properties or vacation homes. The property also needs to meet the FHA's minimum property standards, which means it must be safe, sound, and secure. An FHA-approved appraiser will inspect the property to ensure it meets these standards.

Eligible property types in Kentucky include single-family homes, condominiums (in FHA-approved projects), townhomes, and multi-unit properties (up to 4 units) where you'll live in one of the units.

2025 FHA Loan Limits in Kentucky

For 2025, the FHA has set the following loan limits for all counties in Kentucky:

• Single-Family Home (1-unit): $524,225
• 2-Unit Property: $671,200
• 3-Unit Property: $811,275
• 4-Unit Property: $1,008,300

These limits apply to all 120 Kentucky counties, as there are no high-cost county exceptions in the state for 2025. This means whether you're buying in Jefferson County (Louisville), Fayette County (Lexington), or any rural Kentucky county, the same loan limits apply. It's important to note that these limits can change annually based on housing market conditions.

FHA Mortgage Insurance Premium (MIP)

FHA loans require two types of mortgage insurance premiums that protect the lender in case of default:

Upfront Mortgage Insurance Premium (UFMIP)

This is a one-time premium of 1.75% of the loan amount, which is typically financed into the loan rather than paid out of pocket at closing. For example, on a $200,000 loan, the UFMIP would be $3,500.

Annual Mortgage Insurance Premium (MIP)

This premium is paid monthly as part of your mortgage payment. The amount varies from 0.45% to 1.05% of the loan amount annually, depending on your loan term, loan-to-value ratio, and down payment. For most borrowers with the minimum 3.5% down payment, the annual MIP is 0.85% of the loan amount.

Unlike conventional loan PMI, FHA MIP typically cannot be removed unless you refinance to a conventional loan or pay down your loan balance to 78% of the original purchase price (and the loan is at least 5 years old).

How to Apply for a Kentucky FHA Loan

Applying for an FHA loan in Kentucky is a straightforward process when you work with an experienced Kentucky FHA mortgage lender. Here are the detailed steps you can expect:

Step 1: Get Pre-Approved

The first step is to get pre-approved with an FHA-approved lender. During pre-approval, the lender will review your credit, income, assets, and debts to determine how much you can borrow. This gives you a clear idea of your budget and shows sellers that you are a serious buyer in Kentucky's competitive housing market.

Step 2: Gather Required Documents

You will need to provide various financial documents, including:

• Recent pay stubs (typically last 30 days)
• Tax returns for the past 2 years
• Bank statements for the past 2-3 months
• Employment verification letter
• Valid government-issued identification
• Social Security card
• Documentation of any additional income sources

Step 3: Find a Home

Once you are pre-approved, you can start shopping for a home that meets your needs and the FHA's property requirements. Consider working with a real estate agent familiar with FHA loans and Kentucky's housing market to help you find suitable properties.

Step 4: Complete the Loan Application

After you have an accepted offer on a home, you will complete the full loan application with your Kentucky FHA lender. This includes providing updated documentation and any additional information requested by the underwriter.

Step 5: Home Appraisal and Inspection

The lender will order an FHA appraisal to ensure the home meets FHA property standards and is worth the purchase price. You may also want to get a separate home inspection for your own peace of mind.

Step 6: Final Underwriting and Approval

The underwriter will review all documentation and make a final decision on your loan. They may request additional documentation or clarification during this process.

Step 7: Closing

Once your loan is approved and all conditions are met, you will close on your new Kentucky home and get the keys!

Frequently Asked Questions (FAQs)

Can I get an FHA loan with a bankruptcy?

Yes, it is possible to get an FHA loan after a bankruptcy. Generally, you will need to wait at least two years after a Chapter 7 bankruptcy discharge and have re-established good credit. For a Chapter 13 bankruptcy, you may be able to qualify after making 12 on-time payments in your plan, with court approval.

Are FHA loans only for first-time homebuyers?

No, FHA loans are available to all qualified homebuyers, not just first-time buyers. They are a great option for anyone who can meet the eligibility requirements, including repeat buyers and those looking to refinance.

What is the difference between an FHA loan and a conventional loan?

The main differences include down payment requirements (3.5% vs typically 5-20%), credit score requirements (580 vs typically 620+), and mortgage insurance (MIP vs PMI). FHA loans are generally more accessible but require mortgage insurance for the life of the loan in most cases.

Can I use an FHA loan to buy a fixer-upper in Kentucky?

Yes, the FHA 203(k) renovation loan program allows you to finance both the purchase and renovation costs in a single loan. This can be a great option for buyers looking to purchase and improve a home in Kentucky.

How long does it take to close on an FHA loan in Kentucky?

Typically, FHA loans take 30-45 days to close from the time of application, though this can vary based on the lender, property type, and complexity of your financial situation.

Ready to Get Started with Your Kentucky FHA Loan?

Don't let another month go by without taking action toward homeownership. Kentucky's housing market is competitive, and having your financing in place gives you a significant advantage.

Get Pre-Approved Today

Our experienced Kentucky FHA mortgage specialists are ready to guide you through every step of the process.

Find the Right Kentucky FHA Mortgage Lender

Choosing the right lender is just as important as choosing the right loan. Look for a Kentucky FHA mortgage lender that is experienced with FHA loans and can guide you through the process smoothly. A good lender will:

• Answer your questions promptly and thoroughly
• Help you understand your options and loan terms
• Work with you to find a loan that fits your financial situation
• Provide competitive rates and fees
• Have experience with Kentucky's local housing market
• Offer excellent customer service throughout the process

Kentucky Housing Market Insights for 2025

Understanding Kentucky's housing market can help you make informed decisions about your FHA loan. As of 2025, Kentucky continues to offer relatively affordable housing compared to national averages, making it an attractive state for first-time homebuyers using FHA loans.

Major Kentucky cities like Louisville, Lexington, Bowling Green, and Owensboro each offer unique opportunities for FHA loan borrowers. Rural areas of Kentucky also present excellent value propositions for families looking to maximize their purchasing power with an FHA loan.

Additional Resources for Kentucky Homebuyers

• Official FHA Loan Information from HUD
• Kentucky Housing Corporation
• Understanding Your Credit Score for a Mortgage
• First-Time Homebuyer Programs in Kentucky
• Kentucky Down Payment Assistance Programs

Conclusion

An FHA loan can be an excellent path to homeownership for Kentucky residents, offering flexible requirements, competitive rates, and low down payment options. Whether you're a first-time homebuyer in Louisville, a growing family in Lexington, or anyone in between looking to purchase a home in the Bluegrass State, an FHA loan might be the perfect solution for your needs.

The key to success is working with an experienced Kentucky FHA mortgage lender who understands both the FHA program requirements and the local Kentucky housing market. Take the first step today by getting pre-approved and discovering how much home you can afford with an FHA loan.

Ready to take the next step towards homeownership in Kentucky?

About the Author
Joel Lobb is a licensed Kentucky Mortgage Loan Officer (NMLS #57916) with more than 20 years of experience helping families across Kentucky achieve homeownership. Specializing in FHA, VA, USDA, and KHC loan programs, Joel has guided over 1,300 families through the mortgage process—including hundreds of borrowers with credit scores in the 580–620 range.

Licensing Information
• NMLS Personal ID: 57916
• Company NMLS ID: 1738461 (EVO Mortgage)
• Licensed to originate mortgage loans in Kentucky only
• Equal Housing Lender

Contact Information
Phone: (502) 905-3708
Email: kentuckyloan@gmail.com

Legal Disclaimers
This website is for educational purposes only and does not constitute financial or legal advice. Loan programs, rates, and requirements are subject to change without notice. Not all borrowers will qualify. This information is not endorsed or sponsored by FHA, VA, USDA, Fannie Mae, or any government agency.

Joel Lobb is licensed to originate mortgages in Kentucky only.

Equal Housing Lender. All rights reserved. Licensed by the Kentucky Department of Financial Institutions.

© 2025 Kentucky Mortgage Rates – Joel Lobb, NMLS #57916. All rights reserved.

Kentucky FHA Mortgage Guidelines for a Kentucky First Time Home Buyer

Kentucky FHA Single Unit Condo Approvals

Kentucky FHA Single Unit Condo Approvals

Effective October 15^th, the new Kentucky FHA Single Unit Condo Approval process will be going into effect. This process will allow individual FHA condo loans to close without the project going through the full condo approval process. A Kentucky  FHA Single Unit Condo Approval must be requested concurrently with a Case Number Request as follows

The full FHA process and requirements can be found in the 4000.1 Handbook and Mortgagee Letter 2019-13, but a couple key points are

• FHA will only allow single-unit approvals for up to 10% of the units in a project (or up to 2 units for projects of 10 units or less). Once this amount is filled, the condo will need to go through the full approval process before more FHA loans can be closed within it.
• If a condo already has at least 1 phase fully FHA approved, then units in any other phase are not eligible for single unit approval. They will need to submit to add additional phases to the current FHA approval.
• Single unit approval loans that require a manual underwrite are capped at 90% maximum LTV/CLTV (no LTV/CLTV cap for DU Approve/Eligible loans).
• Projects with less than 5 units are not eligible for single unit approval.
• The unit is approved must either have been previously occupied or the Certificate of Occupancy must have been issued for at least one year. Newly built condo units are not eligible for single unit approvals.

New FHA Single Unit Approval (SUA) Expansion

Project Eligibility*

· At least five units

· 10 or more units, up to 10% may be FHA-insured

· Less than 10 units, up to two FHA-Insured units

· At least 50% owner-occupancy

· Maximum of 35% commercial space

· Maximum 10% individual ownership

· Has a Certificate of Occupancy that was issued at least one year ago or has been occupied

· Manufactured homes, gut rehab or new construction is not eligible

· Budgets require 10% reserve or amount supported by reserve study

· Applications must receive an Accept from TOTAL Mortgage Scorecard or have a maximum 90% LTV for an Accept Risk Classification requiring a downgrade to Manual

Underwriting.

*Additional eligibility requirements apply

Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916


American Mortgage Solutions, Inc.
10602 Timberwood Circle

Louisville, KY 40223
Company NMLS ID #1364


click here for directions to our office

Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com


https://www.mylouisvillekentuckymortgage.com/






MORE INFO BELOW IN ARTICLE FROM YAHOO ABOUT NEW FHA FINANCING GUIDELINES


https://finance.yahoo.com/news/want-to-buy-condo-financing-just-got-easier-200405221.html

Kentucky FHA Mortgage Loans

Kentucky FHA Loan Requirements For 2022 How to Qualify for a Kentucky FHA Mortgage Loan with a lender?

100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers: Common Kentucky Mortgage Myths Busted!My credit sc...

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Bankruptcy, Foreclosure, Short-sale for Kentucky Conventional, FHA, VA, Mortgage Loan Guidelines

Kentucky FHA Home buyers with heavy debt might find it tougher to get a mortgage with FHA in 2019

Homebuyers with heavy debt might find it tougher to get a mortgage:

Here’s what’s happening: For several years, FHA has insured loans to buyers who previously would have been considered too risky or marginal at best. Those applicants often carried crushing monthly personal debts — for credit cards, auto loans, student loans and other obligations — totaling more than half of their monthly incomes. Many also had histories of credit problems that lowered their credit scores. Combined with skimpy down payments of 3.5 percent and minimal bank reserves, these borrowers have a high statistical probability of defaulting on their loans.

To prevent big losses to FHA’s insurance fund, the agency recently informed lenders nationwide that from March 18 onward, it would be applying more stringent standards to applications from high-risk home-buyers. In its letter, FHA documented its reasons for the crackdown. According to FHA Commissioner Brian Montgomery, the agency has been seeing disturbing trends in the quality of loans lenders have been delivering to it:

— Nearly one of every four approved home purchasers had a debt-to-income (DTI) ratio exceeding 50 percent, the worst since 2000. In January, 28 percent of buyers were in that category.

— FICO credit scores are tanking. They’ve fallen to the lowest level since 2008 — an industry-low average of 670. In the first quarter of fiscal 2019, more than 28 percent of all new purchase loans had FICOs below 640. In the same quarter, more than 13 percent of new loans had scores under 620 — 19 percent higher than the same period in the previous fiscal year. (FICO scores range from 300 to 850; low scores predict higher risks of nonpayment. Average scores for purchasers at giant mortgage investors Fannie Mae and Freddie Mac average around 750.)

— Borrowers are siphoning equity from their homes at an alarming rate. In fiscal 2018, FHA saw a 60 percent increase in “cash-out” refinancing as a percentage of all refinancings. Cash-outs allow borrowers to convert equity into spendable money.

— Growing numbers of loans have multiple indications of serious future risk of nonpayment — combinations of low credit scores of 640 or less and DTI ratios that exceed 50 percent.

Given these omens, FHA clamped down by amending its automated underwriting system. Lenders must now conduct time-consuming “manual” analysis of every new loan application flagged as high risk. Compared with standard automated underwriting, manual processing is far more intensive and entails higher staffing costs and liabilities for lenders. Many balk at it. Some investors refuse to buy manually underwritten loans. As a result, fewer of them make it through the process.

“Absolutely they’re going to turn a lot of loans down,” said Skeens. Joe Metzler, a loan officer at Mortgages Unlimited in St. Paul, Minnesota, welcomes the stricter standards. “FHA has become the dumping ground for crappy [loan] files with ridiculous DTI allowances and bad scores,” he said. “A lot of it lately has been straight-up subprime. We should not be doing them.”

According to FHA, nearly 83 percent of its home-purchase loans in January went to first-time buyers. Just under 40 percent went to minorities. Those who have the weakest financial profiles — FICO scores under 640 with debt ratios above 50 percent — could be shocked when they go to buy a house this spring. They may have to turn to subprime lenders who charge much higher interest rates, or they may have to simply postpone their purchase until they’re in better financial shape.

 

Joel Lobb (NMLS#57916)
Senior  Loan Officer

 

American Mortgage Solutions, Inc.

10602 Timberwood Circle Suite 3

Louisville, KY 40223

Company ID #1364 | MB73346

 

Text/call 502-905-3708
kentuckyloan@gmail.com

 

 

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.

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. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant  Equal Opportunity Lender. NMLS#57916http://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.

-- 

Joel Lobb
Mortgage Loan Officer

Individual NMLS ID #57916

American Mortgage Solutions, Inc.

10602 Timberwood Circle 

Louisville, KY 40223

Company NMLS ID #1364

click here for directions to our office

Text/call:      502-905-3708

fax:            502-327-9119
email:          kentuckyloan@gmail.com

https://www.mylouisvillekentuckymortgage.com/

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Kentucky Home Loan Mortgage Types

Kentucky Mortgage Loan Terms

Kentucky FHA Loan:	A Kentucky FHA Loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration.  FHA loans have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise been able to afford. FHA loans require 3.5% down payment but it can be gifted from relatives or family member or use a state housing agency down payment assistance program. Mi upfront is 1.75% and monthly mi is .85% to .80% depending on your term.
Kentucky VA Loan:	A Kentucky VA Loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs.  The VA loan allows veterans 100% financing without private mortgage insurance for monthly payments but it does have a funding fee upfront varying from 2.15% to 3.3% depending on your situation. Some Veterans are not required to pay if they have a VA disability.
Kentucky USDA Rural Housing Loan:	Single Family Housing Guaranteed Loan program or Section 502 loans are primarily used to help households purchase homes in rural areas.  The Kentucky USDA loan allows for 100% financing with upfront mi fee of 1% and monthly or annual mi of .35%. This is very low compared to FHA loans in Kentucky
DTI Ratio:	Debt-to-Income Ratio indicates the percentage of income that goes toward paying all recurring debt payments, including mortgage, interest, mortgage insurance, and other debts such as credit card payments, car loan payments, student loan payments, child support payments, alimony payments, and legal judgments.
Down Payment:	The difference between the investment price and the loan amount.
Closing Costs:	All the cost that a lender requires to obtain a loan.
Fixed Rate:	A constant interest rate that does not change for the term of the loan.
Adjustable rate:	An interest that can change during the term of the loan on an annual basis.
Rate Buy Down:	Lowers your interest rate for a given duration on a fixed mortgage reducing your monthly mortgage payment.
Credit Report:	A report that contains a person's credit history.
Appraisal:	A report that gives the current market value of the home.
Term:	The number of years to pay off a loan.
Points:	1% of the loan amount a lender may charge.
Pre-Paids:	Expenses that the lender requires being paid upfront. (Homeowners Insurance, Escrow Accounts, Interest)
Short Interest:	Interest collected from the date of closing to the end of the month.
Mortgage Insurance:	Insurance required by the lender for loans with less than 20% down payment.
Home Owners Insurance:	Insurance required by the lender to replace the homes value in the case of disaster.

Can you get a Kentucky Mortgage Loan with a 600 credit score in 2014?

In order to get a Kentucky FHA Mortgage Loan with a 600 credit score, you must meet the following requirements to qualify.

Note. some lenders require additional credit overlays that may affect your mortgage loan approval.

 

3 active trade line reporting to the bureaus (rent can count as one).

43% max debt ratio

2 most recent bank statements with 2 months piti in reserve

No bankruptcies or foreclosures in last 3 years  

Verifiable rent history from management company or cancelled checks if you rent from individual for last 12 months with no 30 day lates

3.5% down payment required. Cannot do the Welcome Home Program

***We require a 620 credit score for Kentucky USDA Loans and a 620 credit score for VA loans.

Fannie Mae Mortgage Loans require a 620 credit score. If mortgage insurance is needed for Fannie Mae loans, the minimum credit score is higher and subject to investor  mi approval.

Joel Lobb
Senior  Loan Officer

(NMLS#57916)

American Mortgage Solutions, Inc.

800 Stone Creek Pkwy, Ste 7,

Louisville, KY 40223

 phone: (502) 905-3708

 Fax:     (502) 327-9119

kentuckyloan@gmail.com

 Company ID #1364 | MB73346

http://mylouisvillekentuckymortgage.com/

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How to get a Louisville Kentucky FHA Loan

How to get a Louisville Kentucky FHA Loan

Louisville Kentucky FHA's 9-step process for home buyers

For Louisville Kentucky first-time home buyers, there is a huge amount of information and guidance available. Sorting it out, and making sure that it is objective can be challenging. FHA provides the best guidance in this area centered around 9 steps any soon-to-be homeowner should take.

Step 1. Figure out how much you can afford.

To help you calculate how much you can afford to buy a home, FHA recommends you use models operated by Ginnie Mae, like FHA a part of HUD that supports mortgage financing. To get an answer to just how much you can afford, click on http://www.ginniemae.gov/2_prequal/intro_questions.asp?Section=YPTH

Step 2. Should you rent or buy?

Is this the right time financially for you to by? To see what works best for you financially, click on http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?Section=YPTH

Step 3. Know your rights.

You need to make sure you receive the information you are entitled to along your road to homeownership.

You have the Right to..

Shop for the best loan for you and compare the charges of different mortgage brokers and lenders. Ask for a Good Faith Estimate of all loan and settlement charges from your lender before you agree to the loan and pay any fees. Know what fees are not refundable if you decide to cancel the loan agreement. Ask your mortgage broker to explain exactly what the mortgage broker will do for you. Know how much the mortgage broker is getting paid by you and the lender for your loan. Ask questions about charges and loan terms that you do not understand. Receive a credit decision that is not based on your race, color, religion, national origin, sex, marital status, age, or whether any income is from public assistance. Know the reason if your loan was turned down. Ask for the HUD settlement cost booklet "Shopping for Your Home Loan" from your lender.

Step 4. Shop for a loan.

To find a lender and loan terms that best meet your needs, you should learn some of the terminology used, what can help you, and what can cost you. To help guide you in shopping for the right loan, check out this HUD booklet by clicking http://www.hud.gov/buying/booklet.pdf

Would you comparison shop in only one store? To find mortgage lenders doing business in your area that are approved by FHA, go to http://www.hud.gov/ll/code/llslcrit.cfm

Step 5. Check out Home-buying Programs

Your lender usually knows about any local programs offered to first time homebuyers, but it is always good to check for yourself. One avenue to do so is to see what programs have been identified by local HUD offices. Click here to see what might be available in your state:http://www.hud.gov/buying/localbuying.cfm

Step 6. Finding a qualified real estate agent to help you buy your home

Nearly 75% of today's home are found and purchased through the Internet. This does not eliminate the need for you to select a qualified real estate agent to represent you. A qualified real estate agent provides the best security for any buyer in ensuring a great home purchase. You should expect your agent to:

Develop a preliminary evaluation of a property (including both pros and cons) and provide an explanation of comparative property values in the area. Properly advise you on price and other advantageous negotiating options and prepare a purchase offer. Make a timely and complete offer on the home you are interested in buying. Notify you immediately regarding offer acceptance, offer rejection, or counter offers. Arrange inspections, warranties, and any certifications that might affect the value of the property. Accompany you on a final walk-through of the property before closing. Attend the closing and provide assistance to you and your attorney at the closing.

Remember, your real estate agent can guide you, but only you know the home that is right for you.

To locate a real estate agent in your area, click here to find agents you may wish to represent you: Find An Agent

Step 7. Get a Home Inspection

What you see may be what you get, but what about what you don't see? It pays to engage the trained eyes of a home inspector to make sure you fully understand the condition of the property you are buying. To learn more about home inspections, check out the information at this site:http://www.pueblo.gsa.gov/cic_text/housing/inspection/home.htm

Step 8: Obtaining homeowners insurance

Homeowners insurance is more than just a good idea. Your lender will require that you carry sufficient coverage to at least pay off your mortgage amount if your home were severely damaged. To get some background on what to look for in a homeowners insurance policy, clickhttp://consumeraction.gov/caw_insurance_homeowner_renter.shtml

Step 9. Closing

One of the most exciting moments of your life is actually closing on the purchase of your new home. To understand the process and remove stress from the event, try reading some background information provided at this website: http://www.hud.gov/offices/hsg/ramh/res/sfhrestc.cfm

Congratulations, you made it through the 9 steps! The materials referenced along the way are not the only sources of information for you. Check out other "Tools" available to you on the HomeTelosFIRST Homepage.

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How to get a Louisville Kentucky FHA Loan



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