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Showing posts with the label fannie mae job time

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 →

Job Gaps in Employment and Getting Approved for a Mortgage Loan in Kentucky for FHA and Fannie Mae Conventional loans

- March 13, 2026

Job Gaps and Mortgage Approval in Kentucky (FHA & Conventional Guidelines) Employment gaps happen, and they don’t automatically disqualify a borrower from getting a mortgage. Both FHA and Fannie Mae Conventional loans have clear guidance on how lenders handle gaps in work history, expected income, and frequent job changes. This long-form Kentucky-focused guide breaks everything down so you can understand exactly how lenders evaluate your employment profile. What Counts as a Job Gap for Mortgage Underwriting? A borrower is considered to have a job gap when they have six months or more with no verified employment . Each loan program handles this differently, so documentation and expectations vary. Fannie Mae Conventional Guidelines for Job Gaps Fannie Mae does not impose a hard rule on employment gaps. Instead, the primary requirement is that Desktop Underwriter (DU) accepts the borrower’s employment and income documentation. Most lenders verify: Your m...

Why Kentucky Mortgage Loans Are Denied

- October 05, 2025

When applying for a Kentucky mortgage loan, several factors play a crucial role in the approval and denial process. Understanding why Kentucky mortgage loans may not get approved due to credit score, bankruptcy, income ratio, work history, and foreclosure is essential for prospective homebuyers. Credit Score of 620 or below: A credit score reflects an individual's creditworthiness. Lenders use this score to assess the risk of lending money. A lower credit score, typically below 620, can raise concerns for lenders. It may indicate past financial challenges, missed payments, or high levels of debt. To improve mortgage approval chances, borrowers should aim for a higher credit score by paying bills on time, reducing debt, and fixing any errors on their credit report. Bankruptcy less than 2 years or foreclosure less than 3 years: Bankruptcy can significantly impact mortgage approval. Depending on the type of bankruptcy (Chapter 7 or Chapter 13) and how long ago it occurred, lend...

Job Requirements and Employment History for a Kentucky VA loan Approval.

- September 15, 2024

Mortgage Employment or Job History Requirements for a VA Loan Approval in Kentucky Gaps in Employment A borrower who has no verifiable employment for 6 months or longer is deemed to have a gap in employment. VA : VA does not address gaps in employment and generally does not consider non military employment less than 12 months as stable and reliable. Any exceptions based on the loan as a whole is underwriter discretion. Medical or Temporary Leave Income The borrower has taken a temporary leave of absence from work typically for medical leave such as maternity, illness, surgery, or on the job injury. This leave is short term in nature and the borrower is still employed with their same employer prior to the leave of absence. VA : Borrower’s on temporary leave are not eligible for a loan transaction. Frequent Job Changes Frequent job changes may i...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Job History Requirements for a Kentucky Convention...

- July 09, 2021

Kentucky Conventional Mortgage Two year is standard but shorter employment histories may be permitted for applicants with stable jobs and incomes or other positive factors Explainable employment gaps of six months or more are also permitted as long as the applicant has been back to work for at least six months and has a two year employment history prior to the work gap Self-employed borrowers are typically required to demonstrate a two year job history A self-employed job history of between one and two years is permitted if the applicant was previously employed in a similar field and earns a similar or greater income as evidenced by the borrower's tax returns Self-employed applicants are also required to provide business tax returns for two years unless the business is at least five years old A continuous two year history of part-time employment is typically required although part-time work history of one-to-two years may be permitted for stronger applicants A two year history of s...

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