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

I specialize in Kentucky First Time Homebuyers FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 900 Kentucky families buy their first home and refinance their current mortgage for a lower rate; Kentucky First time buyers $0 down still available with 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 ID 1364

Showing posts with label KHC Down payment Assistance Program Kentucky Housing. Show all posts

Kentucky Housing Corporation (KHC) Down Payment Assistance.

Kentucky Down payment assistance loans are available up to $10,000 for Mortgage

KHC is used for mostly applicants in Kentucky that don't have access to money for a down payment on their home.

.

KENTUCKY HOUSING QUALIFYING CRITERIA FOR DOWN PAYMENT ASSISTANCE

$10,000 available thru KHC for down payment assistance KY

What is Kentucky Housing?

Kentucky Housing is a trusted state agency in Frankfort, KY that works with local lenders to ensure all Kentucky home buyers have access to safe and affordable housing with access to down payment assistance help and counseling if needed to buy a home.

Do I need to be a first-time home buyer to do a KHC loan?

No, you do not have to be a first time home buyer with KHC loans.

How much down payment assistance can I get to buy a home in Kentucky?

Can I use the $10,000 for repairs to the home or buy stuff for the home?

No you cannot! The down payment assistance can be used for down payment, closing costs and prepaids.

How long can I lock a KHC Loan?

You can lock a KHC Loan for 45 days

How long does it take to close a KHC loan?

It takes about 30 to 45 days typically to close a KHC loan.

Can I just get a down payment assistance loan from Kentucky Housing?

In order to use the down payment assistance programs from KHC, you must do the first mortgage loan with them too. Additional eligibility requirements may apply, including income limits.

What if I have bad credit and I get a KHC loan?

Kentucky Housing loans require a minimum 620 credit score. The usually follow agency guidelines for credit, bankruptcy, foreclosure, collections, etc depending on it is FHA, VA, USDA, Fannie Mae.

Can I build a home with a KHC loan?

Kentucky Housing does not provide temporary construction loans, but we can provide the permanent financing for a new construction property with one of your loan programs including FHA, VA, USDA, or Fannie Mae.

How much can the house cost for a KHC Loan?

Our current purchase price limits are $346,644 in the state of Kentucky Consult your lender to determine the amount you are approved to borrow in regards to agency debt to income ratios requirements. KHC typically will not go above 40% for the front-end housing ratio, or over 50% for the total debt to income ratio. They will make exceptions sometimes.

What is the required down payment for a KHC Loan?

Required down payments range from 0-3.5% depending on the underlying loan product (Conventional, FHA, RD, VA).

Is a co-signer allowed on a KHC Loan?

KHC does not allow for co-signers to qualify for a mortgage loan

Can I finance improvements or repairs?

KHC does not offer rehab loans or 203k loans, or Renovation loans.

Are there income limits based on gross or net income for a KHC?

Gross household income limits for total household income.

Can I finance a manufactured or mobile home with KHC?

Manufactured and mobile homes are eligible under some mortgage products for KHC Loans. Homes must be double-wide, permanently attached to a foundation, and taxed as real estate (not personal property). Consult your lender for more information.

Kentucky Down payment assistance loans are available up to $10,0000 for Mortgage

KHC recognizes that down payments, closing costs, and prepaids are stumbling blocks for many potential home buyers. We offer a special loan program to help with those. Your KHC-approved lender can help you apply.

Regular DAP

Purchase price up to $349,525 with Secondary Market.
Assistance in the form of a loan up to $10,000 in $100 increments.
Repayable over a 10-year term at 3.75 percent.
Available to all KHC first-mortgage loan recipients.

More About Down Payment and Closing Costs

No liquid asset review and no limit on borrower reserves.
Specific credit underwriting standards may apply to down payment programs.
.

SECONDARY MARKET FUNDING SOURCE

Borrower must meet KHC’s Secondary Market Income Limits
Conventional Preferred Program
Minimum credit score of 660
3 percent down payment
Monthly mortgage insurance (charter coverage)
All KHC DAPs applicable
No minimum borrower contribution
No reserves required
80 percent AMI income
Conventional Preferred Plus 80
Minimum credit score of 660
3 percent down payment
Monthly mortgage insurance (standard coverage)
All KHC DAPs applicable
No minimum borrower contribution
No reserves required
Secondary Market Income limits apply
FHA
Insured by the Federal Housing Administration
3.5 percent down payment
All KHC DAPs applicable
Upfront and monthly mortgage insurance
Minimum credit score of 620
Refinance Options (Available only through Secondary Market)
Credit qualifying Streamline Refinance and Rate/Term Refinance
Insured by the Federal Housing Administration
Cash back to borrower not to exceed $500
Upfront and monthly mortgage insurance
Minimum credit score of 620
VA
Guaranteed by the Veterans Administration for qualified military veterans
No down payment if the property appraises for the sales price or greater
All KHC DAPs applicable
Minimum credit score of 620
No monthly mortgage insurance payments
Refinance Options (Available only through Secondary Market)
VA IRRRL
620 minimum credit score
No appraisal required
30-year term
VA existing loan
RHS
Guaranteed by Rural Housing Services (RHS)
Home must be located in a rural area as defined by RHS
No down payment if the property appraises for the sales price or greater
All KHC DAPs applicable
Upfront and monthly mortgage insurance
Minimum credit score of 620
Refinance Options (Available only through Secondary Market)
RHS Streamlined-Assist Refinance Program
620 minimum credit score
No appraisal required
Must have made timely mortgage payments for the last 12 months
30-year term
RHS existing 502 guaranteed loan
Home Buyer Tax Credit
KENTUCKY HOUSING CORPORATION
2021 SECONDARY MARKET
GROSS ANNUAL APPLICANT’S INCOME LIMITATIONS
Effective May 1, 2021
Secondary Market Purchase Price Limit — $346,644

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

I have helped over 1300 Kentucky families buy or refinance their home over the last 20 years. Realizing that this is one of the biggest, most important financial transactions a family makes during their lifetime, I always feel honored and respected when I am chosen to originate their personal home loan. You can count on me to deliver on what I say, and I will always give you honest, up-front personal attention you deserve during the loan process. I have several advantages over the large banks in town. First, I can search and negotiate for your loan options through several different mortgage companies across the country to get you the best deal locally. Where most banks will offer offer you their one set of loan products. I have access to over 10 different mortgage companies to broker your loan through to get you the best pricing and loan products that may not fit into the bank's program due to credit, income, or other underwriting issues. You will not get lost in the shuffle like most borrowers do at the mega banks; you're just not a number at our company, you are a person and we will treat you like one throughout the entire process.

Down payment Assistance for Kentucky Homebuyers $10,000 Through KHC

Down Payment Assistance Housing Programs for Kentucky First Time Home Buyers

$10,000 Down Payment assistance from Kentucky Housing Below see details below for restrictions:

Down payment Assistance for Kentucky Homebuyers $10,000 Through KHC

@kentuckymortgagebroker #kentuckymortgage #ficoscore #firsttimehomebuyer #homeloan #homeloan #zerodownpayment #vamortgage #vamortgage #khcloan #usdaloan #ruralhousing #mortgagetips #fha ♬ Synchronize (Instrumental) - Milky Chance

KHC recognizes that down payments, closing costs, and prepaids are stumbling blocks for many potential home buyers. We offer a special loan program to help with those. Your KHC-approved lender can help you apply.

Regular DAP

Purchase price up to $349,525 with Secondary Market.
Assistance in the form of a loan up to $10,000 in $100 increments.
Repayable over a 10-year term at 3.75 percent.
Available to all KHC first-mortgage loan recipients.

More About Down Payment and Closing Costs

No liquid asset review and no limit on borrower reserves.
Specific credit underwriting standards may apply to down payment programs.

Secondary Market Eligibility

To qualify for a Secondary Market KHC loan, you must meet the following requirements:

Meet Secondary Market Income Limits for your county.
Be a U.S. citizen, other national or qualified alien person
Have a minimum credit score of 620.
Be a first-time or repeat homebuyer.

Property Eligibility

The home you wish to purchase must meet the following guidelines.

Borrower must occupy the home within 60 days of closing and for duration of loan.
New or previously occupied detached, single-family home.
New or previously occupied condominium, townhouse, or attached unit in a planned unit development.

Check with lender for eligible condominiums.

New or previously occupied manufactured housing, single or double wide, permanently affixed to the foundation and taxed as real estate

Must meet loan type's foundation requirements.

The property purchased must be in Kentucky.

Secondary Market Funding Source

First-time and repeat homebuyers statewide
30-year fixed interest rate
Principal residence ONLY
Purchase Price Limit: $349,525
Borrower must meet KHC's Secondary Market Income Limits

Conventional Preferred Program

Minimum credit score of 660
3 percent down payment
Monthly mortgage insurance (charter coverage)
KHC DAP applicable
No minimum borrower contribution
No reserves required
80 percent AMI income

Conventional Preferred Plus 80

Minimum credit score of 660
3 percent down payment
Monthly mortgage insurance (standard coverage)
KHC DAP applicable
No minimum borrower contribution
No reserves required
Secondary Market Income limits apply

FHA

Insured by the Federal Housing Administration
3.5 percent down payment
KHC DAP applicable
Upfront and monthly mortgage insurance
Minimum credit score of 620

Refinance Options (Available only through Secondary Market)

Credit qualifying Streamline Refinance and Rate/Term Refinance

Insured by the Federal Housing Administration
Cash back to borrower not to exceed $500
Upfront and monthly mortgage insurance
Minimum credit score of 620

Guaranteed by the Veterans Administration for qualified military veterans
No down payment if the property appraises for the sales price or greater
KHC DAP applicable
Minimum credit score of 620
No monthly mortgage insurance payments

Refinance Options (Available only through Secondary Market)

VA IRRRL

620 minimum credit score
No appraisal required
30-year term
VA existing loan

Purchase Price Limitations

Secondary Market First Mortgage Programs and KHC's Homebuyer Tax Credit

Secondary Market New and Existing Homes................$349,525

KHC's Homebuyer Tax Credit.......................................$349,525

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

Kentucky First Time Home Buyer Programs to Consider for 2022 Kentucky Homebuyers.

First Time Home Buyer Programs to Consider for 2022 Kentucky Homebuyers. 

Zero Down Mortgage Loans in Kentucky

The Kentucky VA and the Kentucky USDA Home Loan Program both offer a zero down loan program for individuals and/or properties that meet their criteria.

If you need down payment assistance, KHC offers up to $7,500 for assistance to buy your Kentucky home if you are lacking the down payment requirements for FHA or Fannie Mae below. 

Some Kentucky FHA owned HUD properties are available with as little as $100 down. 

Three Percent Down Mortgage Loans in Kentucky

Fannie Mae/Freddie Mac conventional loans are available with down payments as low as 3% on single-family homes, including eligible condos, co-ops, and some manufactured homes. Fixed-rate mortgages with up to 30-year terms and ARMs are available.

Three and 1/2 Percent Down Mortgage Loans in Kentucky

The Federal Housing Administration (or FHA) loan program can allow as little as 3.5% down, and it is more lenient than most other programs on minimum credit scores and other factors. he FHA loan program allows as little as 3.5% down, and it is more lenient than most other programs on minimum credit scores. 

Are you surprised at how low you may be able to go? While many believe a 20% down payment is required, you can see now that it’s far from the only option. 

Whether you’ve saved a little or a lot, reach out today, and we’ll work on finding a loan that works for you.

Kentucky Federal Housing Administration (FHA) loans: “With a 3.5% down payment, Kentucky homebuyers may be able to get an FHA loan with a 580 credit score or higher. If you can manage a 10% down payment, though, that minimum goes as low as 500.”
Kentucky Conventional loans: “The most popular loan type typically comes with a 620 minimum credit score.”
US. Department of Agriculture (USDA) loans: “In general, lenders require a minimum credit score of 620-640 for a USDA loan, though some may go as low as 580.”
US. Department of Veterans Affairs (VA) loans: “VA loans don’t technically have a minimum credit score, but lenders will typically require between 580 and 620.”

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

I

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

Zero Down Kentucky Mortgages

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Zero Down Kentucky Mortgages:

ZERO DOWN HOME LOANS IN KENTUCKY There are a few programs that feature zero down payment in Kentucky for Home buyers : USDA and VA...

Kentucky Housing just announced a $1,500 increase to their Down Payment Assistance program! That means you can now receive up to $7,500 in down payment and closing cost help

ATTENTION: KHC has announced changes to the Down Payment Assistance Programs! This is great news for buyers in Kentucky!

1. KHC is increasing the down payment assistance program amount from $6,000 to $7,500. This is for both Regular Down Payment and for Affordable Down Payment assistance programs
2. The interest rate on the repayment of the down payment assistance will go from 5.5% to 3.75%. (Affordable Down Payment assistance will remain at 1%)
Realtors: We are here to help you and your clients take advantage of these great opportunities.
Buyers: We are here to answer questions you have regarding this program and qualification requirements.

KHC is used for mostly applicants in Kentucky that don’t have access to money for a down payment on their home.

Regular DAP

Purchase price up to $346,644 with Secondary Market.
Assistance in the form of a loan up to $7,500 in $100 increments.
Repayable over a 10-year term at 3.75 percent.
Available to all KHC first-mortgage loan recipients.

Affordable DAP

Purchase price up to $346,644 with Secondary Market.
Assistance up to $7,500.
Repayable over a 10-year term at 1.00 percent.
Borrowers must meet Affordable DAP income limits.

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

100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers: 2019 Kentucky First Time Homebuyer Down Payment As...

100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers: 2019 Kentucky First Time Homebuyer Down Payment As...: $10,000 HHF DAP Available**************Currently out of funds*****Updated 12-2018 Here are action steps you ...

Fill out my form!

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

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Down Payment and Credit Score Requirements for a K...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Down Payment and Credit Score Requirements for a K...: Different Mortgage Programs for Kentucky Home Buyers to Consider below: LOAN PROGRAM CREDIT SCORE INCOME LIMITS PROPERTY ELIGI...

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

Kentucky Housing Income Limits for Mortgage Loans

New Income Limits for KHC Loans in Kentucky

Regular DAP

Purchase price up to $346,644 with Secondary Market.
Assistance in the form of a loan up to $6,000 in $100 increments.
Repayable over a ten-year term at 5.50 percent.
Available to all KHC first-mortgage loan recipients.

Affordable DAP

Purchase price up to $346,644 with Secondary Market.
Assistance up to $6,000.
Repayable over a ten-year term at 1.00 percent.
Borrowers must meet Affordable DAP income limits

SECONDARY MARKET FUNDING SOURCE

First-time and repeat homebuyers statewide
30-year fixed interest rate
Principal residence ONLY
Purchase Price Limit: $346,644
Borrower must meet KHC’s Secondary Market Income Limits

Conventional Preferred Program

Minimum credit score of 660
3 percent down payment
Monthly mortgage insurance (charter coverage)
All KHC DAPs applicable
No minimum borrower contribution
No reserves required
80 percent AMI income

Conventional Preferred Plus 80

Minimum credit score of 660
3 percent down payment
Monthly mortgage insurance (standard coverage)
All KHC DAPs applicable
No minimum borrower contribution
No reserves required
Secondary Market Income limits apply

FHA

Insured by the Federal Housing Administration
3.5 percent down payment
All KHC DAPs applicable
Upfront and monthly mortgage insurance
Minimum credit score of 620

Refinance Options (Available only through Secondary Market)

Credit qualifying Streamline Refinance and Rate/Term Refinance
- Insured by the Federal Housing Administration
- Cash back to borrower not to exceed $500
- Upfront and monthly mortgage insurance
- Minimum credit score of 620

Guaranteed by the Veterans Administration for qualified military veterans
No down payment if the property appraises for the sales price or greater
All KHC DAPs applicable
Minimum credit score of 620
No monthly mortgage insurance payments

Refinance Options (Available only through Secondary Market)

VA IRRRL
- 620 minimum credit score
- No appraisal required
- 30-year term
- VA existing loan

RHS

Guaranteed by Rural Housing Services (RHS)
Home must be located in a rural area as defined by RHS
No down payment if the property appraises for the sales price or greater
All KHC DAPs applicable
Upfront and monthly mortgage insurance
Minimum credit score of 620

Refinance Options (Available only through Secondary Market)

RHS Streamlined-Assist Refinance Program
- 620 minimum credit score
- No appraisal required
- Must have made timely mortgage payments for the last 12 months
- 30-year term
- RHS existing 502 guaranteed loan

Home Buyer Tax Credit

KENTUCKY HOUSING CORPORATION
2021 SECONDARY MARKET
GROSS ANNUAL APPLICANT’S INCOME LIMITATIONS
Effective May 1, 2021

Secondary Market Purchase Price Limit — $346,644

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

A Little About Me

I have helped over 900 Kentucky families buy or refinance their home over the last 20 years. Realizing that this is one of the biggest, most important financial transactions a family makes during their lifetime, I always feel honored and respected when I am chosen to originate their personal home loan. You can count on me to deliver on what I say, and I will always give you honest, up-front personal attention you deserve during the loan process.

I have several advantages over the large banks in town. First, I can search and negotiate for your loan options through several different mortgage companies across the country to get you the best deal locally. Where most banks will offer offer you their one set of loan products. I have access to over 10 different mortgage companies to broker your loan through to get you the best pricing and loan products that may not fit into the bank's program due to credit, income, or other underwriting issues.

You will not get lost in the shuffle like most borrowers do at the mega banks; you're just not a number at our company, you are a person and we will treat you like one throughout the entire process.

Give us a try or let us compare your options on your next mortgage transaction. Call/text at 502-905-3708. Free Mortgage Pre-Qualifications same day on most applications.

Email me at kentuckyloan@gmail.com with your questions

I specialize in Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer with little money down, we offer Kentucky Housing or KHC loans with down payment assistance.

This website is not an government agency, and does
not officially represent the HUD, VA, USDA or FHA or any other government agency.

NMLS# 57916 http://www.nmlsconsumeraccess.org/

Joel Lobb Senior Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle Suite 3
Louisville, KY 40223

phone: (502) 905-3708
Fax: (502) 327-9119
kentuckyloan@gmail.com

Company ID #1364 | MB73346E
EQUAL HOUSING LENDER
http://www.mylouisvillekentuckymortgage.com/

Customer Testimonials

We just moved here the first of January in 2017 from Ohio to the Louisville, KY area and we found Joel's website online. He was quick to respond to us and got back the same day on our loan approval. He was very knowledgeable about the local market and kept us up-to date throughout the loan process and was a pleasure to meet at closing. Would recommend his services.

Angela Forsythe

"We were searching online for mortgage companies in Louisville, Ky locally to deal with and found Joel's website, and it was a godsend. He was great to work with, and delivered on everything he said he would do. I ended up referring my co-worker at UPS, and she was very pleased with his service and rates too. Would definitely vouch for him." September 2016

Monica Leinhardt

"We contacted Joel back in July 2011 to refinance our Mortgage and he was great to work with. We contacted several lenders locally and online, and most where taking almost 60 days to close a refinance, Joel got it done in 23 days start to finish,I would definetly recommmend him. He got us 3.75% with just $900 in closing costs on our FHA Streamline loan.

Kayle Griffin

“Joel is one of the best Mortgage Brokers I have ever worked with in my sixteen years in the real estate and mortgage business.” May 25, 2010

Tim Beck
“Joel has always worked very hard to keep his word and to work out seasonable solutions to difficult problems. He is truly an expert in FHA and other type loans.” September 1, 2010

Nancy Nalley

“I have worked with Joel since 1998. He is a great loan professional.” I refer most of my Louisville, Kentucky area home buyers to him and he always take special care of them. August 23, 2012

Jon ClarK

“Joel Lobb is a real professional in the lending industry, with many years of experience, he is the one to go to for any mortgage lending needs.” August 22, 2011

RICHARD VOLZ , Residential Sales , Remax Foursquare Realty
“When looking to purchase our new home in 2006, I had the pleasure of meeting Joel Lobb. Not only was he personable and easy to reach, he was extremely knowledgable in his field and made sure to find us the best rate and a top notch mortgage company. We were able to complete the process in less than 3 weeks with his expertise. I find Joel to have the utmost high integrity and I recommend him to anyone who say's they are need of mortgage assistance. He is also fantastic and keeping everyone up to date on the latest in the housing industry through his twitter posts. He provided great results for our family and we still communicate to this day!” August 21, 2010
Stacie Drake

"We first use Joel on our new home purchase in 2007 in St Matthews, Kentucky area and he was great to work with. We have since refinanced our home with him in 2010 when rates got really low and he has always delivered on what he says. I could not imagine using anyone else."

Melody Glasscock March 2014

Absolutely Amazing!! I emailed Joel after I had just got a denial from a bank and just thought i would try to get some advice on what my next steps would be to get a house. I honestly didn't expect to even get a reply because my credit is not great. That was about a week and a half ago. I just signed a contract on a house last night. ONLY because of Joel Lobb. He even worked with us throughout the weekend, which shocked me. Best decision I have ever made. THANK YOU SO MUCH FOR WORKING WITH US THROUGHOUT THE ENTIRE PROCESS.

Cee Bellisle August 2018

Contacted him about buying a home and he was great to work with. I was moving to Louisville Ky to take a new job and he walked me through the entire process. He explained to me all the different options for FHA, VA, USDA mortgage loans and credit score requirements versus Fannie Mae. Since I was a first time home buyer I needed alot of help and guidance. I would definitely recommend him. Fast to respond and available to answer questions that I or my realtor had after hours.

Anderson Johnson April, 2018

We moved from Michigan to Northern Kentucky area and we were really impressed. We got a USDA loan no money down and closed in less than 3.5 weeks. We shopped around online with other lenders but Joel was always first to respond and his rates were just a little better than other lenders. He kept us informed through the process along with our realtor and there was absolutely no surprises like we heard from other co-workers and friends that they experienced in their loan process. We have already referred another co-worker to Joel . He's AWESOME!

Patty Kingston July 2018

Wow, what a great loan officer. I was referred to him by our agent and he was great to work with. We used him for a USDA no money down loan in Shelby County and we were really impressed. We were afraid we could not buy a home since we did not have money saved for a down payment, but Joe l was able to get us a zero down loan and we even got our appraisal fee and good faith deposit back at closing. We actually got money back at closing!!! I Can't think him enough. Our family moved from our apartment in the south end of town to get our own home with 5 acres for our kids and 2 dogs, at a payment that is equal to our rent payment also. .Thanks Again Joel. May god bless you

Patty Locker April 2019

We contacted Joel about buying a house on our move from Ohio for my husband's job transfer with Ford. We put a lot of trust in him since we were new to the area and first time home buyers in the Louisville KY market, and he always delivered on what he said. It took us a while to find a home due to the lack of homes, but once we got one, he was always quick to respond our questions via text or email ,and kept us informed through the process. We got to meet him at the closing and he was super nice and even got us a closing gift for our home which we didn't expect at all. Super nice guy ��!!! I would definitely recommend him for a local Home loan in the Louisville area.

Pam Dolby June 2019

I got a VA loan with Joel and he was great. He is an ex-army guy so he could relate to my past experiences of being a veteran and moving around the country a lot. I had some credit issues that required a little extra work but Joel was able to find A VA lender to approve my situation as far as having past bad credit problems and a lower credit score. We closed yesterday on our home here in Louisville and we could not be happier. We finally have a home of our own thanks to Joel .I would definitely recommend him for a mortgage loan. Great experience and closed 8 days before expected close date so we were able to move in early.

Betty Parsons February 2019

I contacted Joel about the $10,000 KY Housing Grant last month and we were able to get it and I just closed on my home. He was great to work with and if you are a first time home buyer here in Louisville, I would definitely contact him. I met him at his office and he was very nice and knowledgeable and kept me informed through the process. No surprises either so I was very happy. I am new homeowner thanks to Joel .

July 1st 2019 Johnathan Simmons

Website Fine Print

The content provided on this website is presented or compiled by Joel Lobb and is provided for informational purposes only. It does not necessarily represent the views or opinions of his employer.

Joel Lobb or his employer assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed, or represents that its use would not infringe privately owned rights.

The mortgage or financial services or strategies mentioned in this website may not be not suitable for you.

This website participates as an Equal Opportunity Lender. All rights Reserved.

Joel Lobb is a Licensed Mortgage Originator: NMLS #57916.

Legal Disclaimer

This web site is not the FHA, VA, USDA, HUD or any other government organization responsible for managing, insuring, regulating or issuing residential mortgage loans.

**Download Fair Housing Booklet – CLICK HERE

All approvals and rates are not guaranteed, and are only issued based on standard mortgage qualifying guidelines.

Full Disclosure Policy

This policy is valid from 11 July 2013

This blog is a sponsored blog created or supported by a company, organization or group of organizations. For questions about this blog, please contact Joel Lobb 502-905-3708 or email kentuckyloan@gmail.com NMLS# 57916.

This blog does not accept any form of advertising, sponsorship, or paid insertions. We write for our own purposes. However, we may be influenced by our background, occupation, religion, political affiliation or experience.

This blog abides by word of mouth marketing standards. We believe in honesty of relationship, opinion and identity. The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post will be clearly identified as paid or sponsored content.

The owner(s) of this blog is not compensated to provide opinion on products, services, websites and various other topics. The views and opinions expressed on this blog are purely the blog owners. If we claim or appear to be experts on a certain topic or product or service area, we will only endorse products or services that we believe, based on our expertise, are worthy of such endorsement. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer or provider.

This blog does contain content which might present a conflict of interest. This content will always be identified.

Pages

Kentucky Housing Corporation (KHC) Down Payment Assistance.

Kentucky Down payment assistance loans are available up to $10,000 for Mortgage

.​

KENTUCKY HOUSING QUALIFYING CRITERIA FOR DOWN PAYMENT ASSISTANCE

$10,000 available thru KHC for down payment assistance KY

Kentucky Down payment assistance loans are available up to $10,0000 for Mortgage

KHC recognizes that down payments, closing costs, and prep​aids are stumbling blocks for many potential home buyers. We offer a special loan program to help with those. Your KHC-approved lender can help you apply.

Regular DAP

Purchase price up to $349,525 with Secondary Market.Assistance in the form of a loan up to $10,000 in $100 increments.Repayable over a 10-year term at 3.75 percent.Available to all KHC first-mortgage loan recipients.

​​More About Down Payment and Closing Costs

No liquid asset review and no limit on borrower reserves.Specific credit underwriting standards may apply to down payment programs.​.​

SECONDARY MARKET FUNDING SOURCE

Down payment Assistance for Kentucky Homebuyers $10,000 Through KHC

Down Payment Assistance Housing Programs for Kentucky First Time Home Buyers

$10,000 Down Payment assistance from Kentucky Housing Below see details below for restrictions:

Regular DAP

​​More About Down Payment and Closing Costs

​Secondary Market Eligibility

Property Eligibility

​​Secondary Market Funding Source

Purchase Price Limitations

Kentucky First Time Home Buyer Programs to Consider for 2022 Kentucky Homebuyers.

First Time Home Buyer Programs to Consider for 2022 Kentucky Homebuyers.

I

Zero Down Kentucky Mortgages

Regular DAP

Affordable DAP

100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers: 2019 Kentucky First Time Homebuyer Down Payment As...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Down Payment and Credit Score Requirements for a K...

Kentucky Housing Income Limits for Mortgage Loans

New Income Limits for KHC Loans in Kentucky

Regular DAP

Affordable DAP

SECONDARY MARKET FUNDING SOURCE

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KHC recognizes that down payments, closing costs, and prepaids are stumbling blocks for many potential home buyers. We offer a special loan program to help with those. Your KHC-approved lender can help you apply.

Purchase price up to $349,525 with Secondary Market.
Assistance in the form of a loan up to $10,000 in $100 increments.
Repayable over a 10-year term at 3.75 percent.
Available to all KHC first-mortgage loan recipients.

More About Down Payment and Closing Costs

No liquid asset review and no limit on borrower reserves.
Specific credit underwriting standards may apply to down payment programs.
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More About Down Payment and Closing Costs

Secondary Market Eligibility

Secondary Market Funding Source