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Everything Kentucky first-time homebuyers need to know about buying their first home.

Kentucky First-Time Homebuyer Guide 2025 - Complete FAQ & Resources

Kentucky First-Time Homebuyer Guide 2025

Your Complete Resource for Buying Your First Home in the Bluegrass State of Kentucky and all 120 counties of Kentucky

Get Pre-Approved Today fora Kentucky First Time Home Buyer Today Browse FAQ for Kentucky Homebuyers
Buying your first home in Kentucky? You're in the right place! This comprehensive guide answers all the essential questions Kentucky first-time homebuyers ask. From understanding down payment requirements to navigating closing costs, we'll help you make informed decisions on your homeownership journey.

Kentucky First-Time Homebuyer Quick Stats

3.5% Minimum FHA Down Payment
2-5% Typical Closing Costs
$10,000+ and $20,000 Welcome Grant and 5% Grant Program Available Down Payment Assistance through KHC
30-45 Days to Close

Financing & Down Payment Questions

Down payment requirements vary by loan type:

  • Conventional Loans: 3-5% down payment
  • FHA Loans: 3.5% down payment
  • VA Loans: 0% down (for eligible veterans)
  • USDA Loans: 0% down (for rural properties)
  • Kentucky Housing Corporation Zero Down with the $10k Dap Assistance: Low down payment options available

Many Kentucky first-time buyers use FHA loans due to the lower down payment requirement and more flexible credit standards.

Kentucky offers several down payment assistance programs:

  • Kentucky Housing Corporation (KHC): Up to 10,000 in down payment assistance
  • KHC Affordable Housing Trust Fund: Additional assistance for eligible buyers
  • Local city programs: Louisville, Lexington, and other cities offer local assistance
  • USDA Rural Development: 100% financing for rural areas
  • Employer programs: Some Kentucky employers offer homebuyer assistance

Income limits and other eligibility requirements apply. Contact a local lender to explore your options.

Use the 28/36 rule as a starting point:

  • 28% Rule: Your monthly housing payment shouldn't exceed 28% of your gross monthly income
  • 36% Rule: Your total monthly debt payments shouldn't exceed 36% of your gross monthly income

Example: If you earn $60,000 annually ($5,000/month), your housing payment should be under $1,400/month, and total debt payments under $1,800/month.

Consider Kentucky's median home prices: Louisville (~$180,000), Lexington (~$200,000), rural areas (~$120,000-150,000).

Kentucky first-time homebuyers have access to various mortgage options:

  • Conventional Loans: Standard mortgages with competitive rates
  • FHA Loans: Government-backed loans with lower down payments
  • VA Loans: For eligible veterans and service members
  • USDA Loans: For rural properties (covers much of Kentucky)
  • Kentucky Housing Corporation Loans: State-sponsored affordable loans
  • Fixed-rate vs. Adjustable-rate: Choose based on your risk tolerance

Your credit score significantly impacts your mortgage options and rates:

  • 740+: Best rates and terms available
  • 680-739: Good rates, most loan programs available
  • 620-679: Conventional loans possible, higher rates
  • 580-619: FHA loans available, limited conventional options
  • Below 580: Limited options, may need to improve credit first

Get your free credit report at annualcreditreport.com and check your score through your bank or credit monitoring service.

💡 Kentucky First-Time Buyer Tip

The Kentucky Housing Corporation offers first-time homebuyer education courses that can help you qualify for better loan terms and down payment assistance. These courses are available online and in-person throughout Kentucky.

Costs & Fees

Closing costs in Kentucky typically range from 2-5% of the home's purchase price and include:

  • Loan origination fees: 0.5-1% of loan amount
  • Appraisal: $400-600
  • Home inspection: $300-500
  • Title insurance: $500-1,500
  • Attorney fees: $500-1,000 (common in Kentucky)
  • Recording fees: $50-200
  • Prepaid items: Property taxes, insurance, interest

Example: On a $150,000 home, expect $3,000-7,500 in closing costs.

Mortgage insurance may be required or optional depending on your loan:

  • FHA Loans: Mortgage Insurance Premium (MIP) required for life of loan if down payment is less than 10%
  • Conventional Loans: Private Mortgage Insurance (PMI) required if down payment is less than 20%
  • VA Loans: No mortgage insurance, but funding fee applies
  • USDA Loans: Guarantee fee and annual fee required

PMI can be removed once you reach 20% equity in conventional loans. Factor this cost into your monthly budget calculations.

Your monthly payment includes PITI:

  • Principal: Loan balance repayment
  • Interest: Cost of borrowing
  • Taxes: Property taxes (varies by Kentucky county)
  • Insurance: Homeowners insurance

Additional costs may include:

  • Mortgage insurance (if applicable)
  • HOA fees (if applicable)
  • Utilities and maintenance

Kentucky Property Tax Note: Kentucky has relatively low property taxes, averaging 0.86% of home value annually.

Mortgage points allow you to "buy down" your interest rate:

  • One point: Costs 1% of loan amount, typically reduces rate by 0.25%
  • Break-even analysis: Calculate how long it takes to recoup the cost
  • Good if: You plan to stay in the home long-term
  • Skip if: You might move or refinance within a few years

Example: On a $200,000 loan, one point costs $2,000. If it saves you $50/month, you break even in 40 months.

Loan Process & Documentation

Yes! Pre-approval is essential for Kentucky homebuyers because:

  • Shows sellers you're a serious, qualified buyer
  • Helps you understand your budget before house hunting
  • Speeds up the closing process
  • Gives you negotiating power in competitive markets
  • Locks in your interest rate for 30-90 days

In competitive Kentucky markets like Louisville and Lexington, pre-approval is often required to make an offer.

Pre-qualification:

  • Basic estimate based on self-reported information
  • No credit check or document verification
  • Takes minutes to complete
  • Less weight with sellers

Pre-approval:

  • Thorough review of finances and credit
  • Requires documentation verification
  • Takes 1-3 days to complete
  • Strong commitment from lender
  • Preferred by sellers and real estate agents

Gather these documents before applying:

  • Income: Last 2 pay stubs, W2s for past 2 years, tax returns
  • Employment: Employment verification letter
  • Assets: Bank statements for past 2 months
  • Credit: Authorization for credit check
  • Identity: Driver's license and Social Security card
  • Additional: Gift letters, divorce decrees, other debts

Self-employed applicants need additional documentation including last two years and current year to date profit/loss statements and business tax returns.

This depends on your lender:

  • Portfolio lenders: Keep loans in-house and service them
  • Mortgage brokers: Typically sell loans to other servicers
  • Banks: May keep or sell loans

Ask your lender about their servicing practices. Loan servicing transfers are common and legal, but you'll be notified if your loan is sold.

Most conventional mortgages today don't have prepayment penalties, but confirm with your lender:

  • FHA, VA, USDA loans: No prepayment penalties allowed
  • Conventional loans: Rarely have prepayment penalties
  • Subprime loans and Non QM loans : May have penalties (avoid these)

Being able to make extra payments or refinance without penalty provides valuable flexibility for Kentucky homeowners.

📋 Kentucky First-Time Homebuyer Checklist

  • Check your credit score and improve if needed
  • Save for down payment and closing costs
  • Research Kentucky down payment assistance programs
  • Get pre-approved for a mortgage
  • Find a Kentucky real estate agent
  • Start house hunting in your budget
  • Schedule home inspection
  • Secure homeowners insurance
  • Complete final loan approval
  • Attend closing and get your keys!

The Home Buying Process

The typical Kentucky home buying timeline:

  1. Pre-approval (1-2 days): Get approved for financing
  2. House hunting (2-8 weeks): Find and view properties
  3. Make an offer (1 day): Submit purchase contract
  4. Negotiations (1-3 days): Agree on price and terms
  5. Under contract (30-45 days): Inspections, appraisal, final loan approval
  6. Closing (1 day): Sign papers and get keys

Kentucky typically uses attorneys for closings, unlike some states that use title companies exclusively.

Highly recommended! While not legally required, home inspections protect you by:

  • Identifying major defects and safety issues
  • Estimating repair costs
  • Providing negotiation leverage
  • Helping you plan future maintenance

Kentucky-specific considerations:

  • Foundation issues from clay soil
  • HVAC efficiency for humid summers
  • Roof condition from weather extremes
  • Radon testing (elevated levels in some areas)

Cost: $300-500, well worth the investment for most Kentucky buyers.

Closing is the final step where you officially become a homeowner. In Kentucky:

  • Location: Usually at attorney's office or title company
  • Duration: 1-2 hours typically
  • What you'll sign: Mortgage note, deed of trust, closing disclosure
  • What to bring: Photo ID, certified funds for closing costs, homeowners insurance proof
  • Final walkthrough: Usually done 24-48 hours before closing

Kentucky uses attorneys for closings, which provides additional legal protection during the transaction.

While not legally required, having a realtor is highly recommended for first-time buyers:

  • Market expertise: Local knowledge of Kentucky neighborhoods and pricing
  • Negotiation skills: Help you get the best price and terms
  • Process guidance: Navigate complex paperwork and deadlines
  • Professional network: Connections to inspectors, lenders, attorneys
  • No direct cost: Seller typically pays realtor commissions

Choose a realtor experienced with first-time buyers and your target area in Kentucky.

Interest Rates & Payments

Your mortgage rate depends on several factors:

  • Credit score: Higher scores get better rates
  • Down payment: Larger down payments typically mean lower rates
  • Loan type: Conventional, FHA, VA, USDA rates vary
  • Property type: Single-family homes get best rates
  • Market conditions: Rates change daily based on economic factors

Kentucky tip: Shop around! Studies show borrowers who get multiple quotes receive lower rates. Even borrowers with worse credit can sometimes get better rates than prime borrowers who don't shop around.

Rate locks protect you from rate increases:

  • 15-30 days: Usually free, good for quick closings
  • 45-60 days: Standard for most purchases
  • 90+ days: Available for longer transactions, may cost extra

Important: Without a rate lock, you only have a rate quote that can change daily. Always lock your rate once you find a home and go under contract.

Timing depends on your situation:

  • For purchases: Lock after your offer is accepted and you're under contract
  • For refinances: Lock after credit approval
  • Rate trends: Lock if rates are rising or you're satisfied with current rates
  • Float strategy: Only float if you believe rates will drop significantly

Consider the Annual Percentage Rate (APR), not just the interest rate, when comparing offers.

Your total housing payment includes PITIA:

  • Principal: Loan balance repayment
  • Interest: Cost of borrowing money
  • Taxes: Kentucky property taxes (average 0.86% annually)
  • Insurance: Homeowners insurance ($800-1,500/year in Kentucky)
  • Association fees: HOA dues if applicable

Don't forget additional costs like utilities, maintenance, and repairs. Budget an extra $100-300/month for these expenses.

Your first payment timing depends on your closing date:

  • Close early in month: First payment due in ~60 days
  • Close late in month: First payment due in ~30 days
  • Prepaid interest: Paid at closing for days until month-end

This can help with budgeting - closing early gives you more time before your first payment if you need to cover moving expenses.

Qualification & Credit

Basic qualification requirements include:

  • Credit history: 2+ years of credit history or clean rental history
  • Employment: Steady employment (2+ years preferred)
  • Income: Verifiable income to support mortgage payments
  • Assets: Money in bank for down payment and closing costs
  • Debt-to-income: Monthly debts typically under 50% of income

Getting pre-qualified or pre-approved is the best way to determine if you're ready to apply for a mortgage.

Common reasons for mortgage denial:

  • Credit issues: Low score, late payments, high balances
  • Income problems: Insufficient or unverifiable income
  • Employment changes: Job loss or career change during process
  • Hidden debts: Undisclosed loans or credit cards
  • Property issues: Appraisal problems or inspection concerns
  • High debt ratios: Too much existing debt relative to income

Don't give up! Work on improving your financial position and try again, or find a lender with different criteria.

Pre-approvals typically last:

  • 60-90 days: Standard timeframe for most lenders
  • Renewal required: If you haven't found a home by expiration
  • Credit re-check: Lender may pull credit again for renewal
  • Income verification: May need updated pay stubs/documentation

Start house hunting immediately after pre-approval to maximize your timeframe in competitive Kentucky markets.

Loan Programs & Options

Several loan programs specifically help first-time buyers:

  • FHA loans: 3.5% down, flexible credit requirements
  • Kentucky Housing Corporation: Below-market rates and down payment assistance
  • Conventional : $10k down payment assistance
  • VA loans: 0% down for eligible veterans
  • USDA loans: 0% down for rural Kentucky properties

Many programs offer special benefits like reduced fees, lower rates, or down payment assistance specifically for first-time buyers.

The best loan depends on your situation:

  • Limited savings: FHA (3.5% down) or VA/USDA (0% down)
  • Good credit/income: Conventional loans for better terms
  • Rural Kentucky: USDA loans offer excellent benefits
  • Military service: VA loans are usually the best option
  • First-time buyer: Consider Kentucky Housing Corporation programs

Speak with a mortgage advisor to compare options based on your specific financial situation and homeownership goals.

Fixed-rate mortgages:

  • Rate never changes during loan term
  • Predictable monthly payments
  • Good for long-term homeownership
  • Higher initial rate than ARMs

Adjustable-rate mortgages (ARMs):

  • Lower initial rate (often 0.5-1% below fixed)
  • Rate adjusts after initial period
  • Good if you plan to move within 5-7 years
  • Payment uncertainty after adjustment period

Most Kentucky first-time buyers choose fixed-rate mortgages for payment predictability.

Additional Important Questions

Typical Kentucky mortgage timeline:

  • 30-45 days: Standard timeframe for most loans
  • 15-30 days: Possible with digital lenders and simple transactions
  • 45-60 days: Complex situations or busy markets
  • Factors affecting speed: Documentation completeness, property issues, underwriting backlog

Submit all requested documents quickly and respond promptly to lender requests to avoid delays.

Refinancing replaces your current mortgage with a new one, potentially offering:

  • Lower interest rate: Reduce monthly payments and total interest
  • Different loan term: 30-year to 15-year or vice versa
  • Cash-out option: Access home equity for improvements or debt consolidation
  • Remove PMI: If you've reached 20% equity

Consider refinancing when rates drop significantly or your financial situation improves substantially.

Understanding the difference:

  • Prequalification: Basic estimate based on self-reported information, no credit check
  • Preapproval: Thorough review with credit check and document verification

For Kentucky homebuyers: Always get preapproval rather than prequalification. Sellers and realtors take preapprovals seriously, and you'll know exactly what you can afford before house hunting.

Ready to Start Your Kentucky Homebuying Journey?

Don't let another month of rent payments go by. Take the first step toward homeownership today!

Call (502) 905-3708 Email for Free Consultation Apply Online Today

About Your Kentucky Mortgage Expert

Joel Lobb - Mortgage Loan Officer (NMLS ID #57916)

Specializing in Kentucky first-time homebuyer programs including FHA, VA, USDA, and Kentucky Housing Corporation loans. Offering same-day approvals and personalized service to help you achieve homeownership in the Bluegrass State.

Contact: (502) 905-3708 | kentuckyloan@gmail.com

Start Your Kentucky Homebuying Journey Today

Expert guidance • Competitive rates • Local knowledge

Serving Louisville, Lexington, and all of Kentucky

NMLS ID #57916 | Equal Housing Opportunity

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How to Qualify For A Kentucky Mortgage Loan

Can a person have more than one Kentucky FHA loan?



Can You Have Two Kentucky FHA Loans at One Time?



FHA will not insure more than one Property as a Principal Residence for any Borrower, except as noted below. FHA will not insure a Mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining Investment Properties, even if the Property to be insured will be the only one owned using FHA mortgage insurance.

Properties previously acquired as Investment Properties are not subject to these restrictions.

Listed below are the only circumstances in which a Borrower with an existing FHA-insured Mortgage for a Principal Residence may obtain an additional FHA-insured Mortgage on a new Principal Residence:

RELOCATION - A Borrower may be eligible to obtain another FHA-insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is:
- relocating or has relocated for an employment-related reason; and
- establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.

If the Borrower moves back to the original area, the Borrower is not required to live in the original house and may obtain a new FHA-insured Mortgage on a new Principal Residence provided the relocation meets the two requirements above.

INCREASE IN FAMILY SIZE - A Borrower may be eligible for another house with an FHA-insured Mortgage if the Borrower provides satisfactory evidence that:
- the Borrower has had an increase in legal dependents and the Property now fails to meet family needs; and
- the Loan-to-Value (LTV) ratio on the current Principal Residence is equal to or less than 75% or is paid down to that amount, based on the outstanding Mortgage balance and a current residential appraisal.
  
VACATING A JOINTLY-OWNED PROPERTY - A Borrower may be eligible for another FHA-insured Mortgage if the Borrower is vacating (with no intent to return) the Principal Residence which will remain occupied by an existing co-Borrower.

NON-OCCUPYING CO-BORROWER - A non-occupying co-Borrower on an existing FHA-insured Mortgage may qualify for an FHA-insured Mortgage on a new Property to be their own Principal Residence.

For additional information see Handbook 4000.1 II.A.1.b.iii.(A) at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh


All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.
Can You Have Two Kentucky FHA Loans at One Time? Can You Have Two FHA Loans at the Same Time in Kentucky? Multiple FHA loans at the same time?


     
 




Can You Have Two FHA Loans at the Same Time in Kentucky? (2025 Guide)

Can You Have Two FHA Loans at the Same Time in Kentucky?2025 Guide

Updated June 2025 | By Joel Lobb, Kentucky Mortgage Broker | 8 min read

📋 Table of Contents

🎯Quick Answer

Yes—but only under four tightly‑defined HUD exceptions. Below we unpack each scenario, outline documentation you'll need, and offer Kentucky‑specific strategies if you don't qualify.

Four Ways to Have Two FHA Loans in Kentucky

4 HUD Exceptions for Two FHA Loans in Kentucky 1 Employment Relocation ("100-Mile Rule") ✓ Job transfer 100+ miles away ✓ New primary residence established ✓ Can retain existing home ✓ Employment-related reason Example: Louisville → Nashville 2 Family Size Increase (75% LTV Required) ✓ Documented increase in dependents ✓ Current home inadequate ✓ Existing loan ≤ 75% LTV ✓ Current appraisal required Birth/Adoption/Legal Guardian 3 Vacating Joint Property (Co-borrower Situations) ✓ Leaving jointly-owned home ✓ No intent to return ✓ Co-borrower remains in home ✓ Divorce or separation Common in Divorce Cases 4 Non-Occupying Co-Borrower (Getting Own Residence) ✓ Co-signed existing FHA loan ✓ Never lived in that property ✓ Want own primary residence ✓ Standard FHA qualification Parent Co-signer Example Source: HUD Handbook 4000.1 § II.A.1.b.iii(A) | EVO Mortgage - Joel Lobb, NMLS #57916
Interactive guide showing the four HUD-approved exceptions for having two FHA loans simultaneously in Kentucky.

Why the FHA Usually Caps You at One Loan

FHA loans are engineered to encourage owner‑occupied, primary‑residence purchases. Multiple simultaneous FHA loans would effectively convert the program into a low‑down‑payment tool for investment property accumulation—something HUD explicitly forbids (Handbook 4000.1 § II.A.1.b.iii(A)).

This policy ensures that FHA's mission remains focused on helping Americans achieve homeownership for their primary residence, not building real estate portfolios. The program's low down payment requirements and flexible credit guidelines are specifically designed for owner-occupants who will live in the home.

Important: Attempting to circumvent these rules can result in loan fraud charges and immediate loan acceleration. Always work with a licensed Kentucky mortgage professional to ensure compliance.

The Four HUD Exceptions That Permit a Second FHA Loan

# Exception Core Requirements
1
Employment‑Related Relocation
("100‑Mile Rule")
  • Job transfer or new employment more than 100 miles from current home
  • New Kentucky primary residence must be established in the distant area
  • Existing home can be retained or rented
  • Must be employment-related (not personal choice)
2
Increase in Family Size
  • Documented increase in legal dependents makes current home inadequate
  • Existing FHA loan is ≤ 75% LTV or paid down to that level
  • Current residential appraisal required
  • Birth certificates, adoption papers, or legal guardianship documents
3
Vacating a Jointly‑Owned Property
  • Borrower permanently leaves home still occupied by co‑borrower
  • Common in divorce or separation situations
  • Must demonstrate no intent to return
  • Co-borrower continues occupancy as primary residence
4
Non‑Occupying Co‑Borrower
  • Previously co‑signed someone else's FHA loan without occupying
  • Now seeking own Kentucky primary residence
  • Must meet all standard FHA qualification requirements
  • Common with parent co-signers helping adult children

How to Prove You Qualify (Kentucky Lender Checklist)

1Gather Documentation

Gather relocation or family‑size documentation. Employment offer letter, corporate transfer memo, birth/adoption certificates, divorce decree—whatever applies to your specific exception.

Kentucky Tip: For employment relocations, companies like GE Appliances, Humana, or UPS often provide detailed transfer documentation.

2Order Current Appraisal

Order an appraisal to confirm 75% LTV if using the family‑size exception. Use Kentucky-licensed appraisers familiar with current market conditions.

3Run AUS Analysis

Run both housing payments through AUS (DU / TOTAL Scorecard). Standard FHA DTI caps (31/43) still apply, though strong compensating factors may warrant a manual underwrite.

4Budget for Reserves

Budget for reserves. Many Kentucky lenders overlay one‑ or two‑month PITIA reserves on both properties. Plan for additional cash requirements beyond down payment.

Real Kentucky Scenarios

Scenario 1: Louisville to Nashville Relocation

Sarah works for Humana in Louisville and gets transferred to their Nashville operations—exactly 180 miles away. She can keep her current FHA-financed home in St. Matthews as a rental property while getting a new FHA loan for her Nashville primary residence.

Scenario 2: Growing Family in Lexington

The Johnson family has twins on the way, making their 2-bedroom Lexington home inadequate. Their current FHA loan balance is $180,000 on a home now worth $250,000 (72% LTV). They qualify for a second FHA loan to purchase a larger home in Hamburg or Chevy Chase areas.

Scenario 3: Divorce in Northern Kentucky

A couple in Northern Kentucky (Covington area) divorces. The wife moves out permanently while the husband keeps the FHA-financed home. She can now apply for her own FHA loan for a new primary residence in Cincinnati or another Kentucky city.

Options If You Don't Qualify for a Second FHA Loan

  • Refinance your first FHA into a Conventional loan to free up FHA eligibility and potentially drop monthly MIP. This is often the most practical solution for Kentucky borrowers with improved credit and equity.
  • Pursue VA loans (for veterans), USDA loans (rural areas), or Kentucky Housing Corporation (KHC) financing for the new home if eligible.
  • Sell or legally assume the existing FHA‑financed home, then apply for a fresh FHA case number. The strong Kentucky market makes selling often profitable.
  • Consider conventional loans with low down payment options like 3% down conventional or HomeReady/HomePossible programs.

Need a custom game plan? Skip to my contact info and let's run the numbers for your specific Kentucky situation.

🎯 Ready for a Scenario Review?

I can confirm your eligibility in 10 minutes or less. Call or text (502) 905‑3708 or email kentuckyloan@gmail.com for a same‑day analysis — no cost, no obligation.

Call/Text (502) 905‑3708 Email for Analysis Schedule Online

📚 Related Kentucky Mortgage Resources

FHA Loan Requirements

Complete guide to FHA loan requirements, credit scores, and down payment options in Kentucky.

Read More →

Kentucky First-Time Buyer Programs

Discover all available Kentucky first-time home buyer programs including KHC, FHA, VA, and USDA options.

Read More →

FHA vs VA vs USDA Loans

Compare Kentucky's top government loan programs to find the best fit for your situation.

Read More →

Kentucky Housing Market 2025

Latest Kentucky real estate trends, home values, and market predictions for informed buying decisions.

Read More →
JL

Joel Lobb

Mortgage Broker – FHA, VA, USDA, KHC
EVO Mortgage · NMLS #57916 · Company NMLS #1738461

Joel Lobb has been helping Kentucky families navigate FHA loans and complex mortgage scenarios since 2003. As a licensed mortgage broker specializing in government loan programs, he provides expert guidance on FHA, VA, USDA, and Kentucky Housing Corporation loans throughout the Commonwealth.

📍 10602 Timberwood Circle Ste 3, Louisville, KY 40223
📞 Call/Text: 502‑905‑3708
✉️ kentuckyloan@gmail.com
🌐 KentuckyLoan.com
Equal Housing Lender
Licensed in Kentucky | Member NMLS

📋 Important Disclosures & External Resources

Equal Housing Lender. All loans subject to credit approval, verification, and collateral evaluation. Programs, rates, and guidelines are subject to change without notice. Manufactured/mobile homes are ineligible as collateral.

Government Resources:

Licensing Information: Joel Lobb, NMLS #57916. EVO Mortgage, NMLS #1738461. Licensed mortgage originator in Kentucky. Verify licensing at www.nmlsconsumeraccess.org

Educational Purpose: This article is for educational purposes only and does not constitute a commitment to lend. All borrowers must meet qualification requirements. HUD/FHA policy reference: Handbook 4000.1 § II.A.1.b.iii(A)

w3.org/



The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people. NMLS ID# 57916, (www.nmlsconsumeraccess.org). Mortgage loans only offered in Kentucky.
All loans and lines are subject to credit approval, verification, and collateral evaluation and are originated by lender. Products and interest rates are subject to change without notice. Manufactured and mobile homes are not eligible as collateral.















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