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Showing posts with the label Mortgage insurance
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 →

Kentucky Mortgage Loan Programs | FHA, VA, USDA & Conventional Guide

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Understanding the Four Main Mortgage Loan Programs in Kentucky When buying a home in Kentucky, your mortgage will typically fall under one of four major loan programs: FHA, VA, USDA, or Conventional (Fannie Mae/Freddie Mac) . Each program offers unique benefits depending on your credit, income, military status, and location. Below is a streamlined breakdown to help you determine the best fit for your situation. Conventional Loan Minimum down payment: 3%–5% Minimum credit score: 620 (680+ for best pricing) Mortgage insurance can be removed at 80% equity Best for: buyers with strong credit & stable income Bankruptcy wait: 4–7 years Foreclosure wait: 7 years Closing costs can be lender-paid (higher rate) Kentucky USDA Rural Housing Loan 100% financing (0% down) Credit score: 640+ for automated GUS approval Mortgage insurance: .35% monthly, 1% upfront Manual underwriting ratio caps: 29% / 41% Property must be U...
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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.
01

💬 Get Pre-Qualified

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

02

📋 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.

03

🏠 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.
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▶ 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 →

Mortgage Recast in Kentucky: FHA, VA, USDA & Fannie Mae Guidelines

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Mortgage Recast in Kentucky : FHA , VA , USDA & Fannie Mae Guidelines | Joel Lobb Mortgage Recast in Kentucky Complete Guide for FHA, VA, USDA & Fannie Mae Loans If you're a Kentucky homeowner looking to reduce your monthly mortgage payment, a mortgage recast (also called re-amortization ) may be a strategy worth exploring. However, not all loans qualify—especially with FHA, VA, USDA, and Fannie Mae mortgages. In this comprehensive guide, I'll break down: What a mortgage recast is and how it works Which Kentucky mortgage loans do and don't allow recasting Requirements, fees, timing, and pros/cons Alternative options (refinance, extra principal payments) Action steps and resources What Is a Mortgage Recast? ...
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Navigating FHA Loan Requirements for a Kentucky FHA Mortgage Loan Approval

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Navigating FHA Loan Requirements: Crafting Home Purchase Agreements With Ease :  More home buyers are turning to FHA mortgages, which have more lenient eligibility requirements than conventional loans. Real estate agents who learn the ins and outs of this type of financing can help ensure a smooth transaction. More home buyers are turning to FHA mortgages, which have more lenient eligibility requirements than conventional loans. Real estate agents who learn the ins and outs of this type of financing can help ensure a smooth transaction. Federal Housing Administration loans are designed to help Americans who are struggling to afford a home. These government-backed mortgages have more lenient requirements for borrowers, like lower credit score and down payment thresholds for approval, which could make a big difference. FHA loans made up about 15% of the purchase mortgage market in September,  according to the Mortgage Bankers Association,  as more Americans seek affordable ...
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​Kentucky FHA vs ​Kentucky Conventional Mortgage Insurance: A Comprehensive Comparison

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Kentucky Mortgage Insurance requirements for Kentucky homebuyers for FHA and Fannie Mae Conventional loans. When it comes to  ​Kentucky  home loans, understanding the differences between  ​Kentucky  FHA and conventional mortgage insurance is crucial for potential homebuyers. This article will break down the key distinctions in terms of credit score requirements, down payments, upfront premiums, monthly premiums, duration, and cancellation policies. ​Kentucky Mortgage  Credit Score Requirements ​Kentucky  FHA Mortgage Insurance Minimum credit score: 580 for a 3.5% down payment Scores between 500-579 may qualify with a 10% down payment ​Kentucky  Conventional Mortgage Insurance Typically requires a minimum credit score of 620 Higher scores often result in better rates and terms ​Kentucky Mortgage  Down Payment ​ Requirements FHA Mortgage Insurance Minimum down payment of 3.5% with a credit score of 580 or higher 10% down payment required for credit ...
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