KHC Home Buyer Tax Credit:
• Reduces the amount of federal income tax
you pay.
• Gives you more income to qualify for a
mortgage loan.
• Is effective for the life of the loan. As long as you
have a mortgage, you can claim the credit!
• A 25 percent tax credit of the mortgage interest
paid over a year (not to exceed $2,000).
• The remaining 75 percent of mortgage interest
can still be taken as a yearly deduction.
• Offers a reduction of the one-time fee* to $200
if you obtain your mortgage financing through
Kentucky Housing Corporation (KHC).
Down payment Assistance
Programs (DAP):
• Regular DAP:
Up to $6,000 second mortgage; paid back over
a 10-year period at 5.50 percent interest.
• Affordable DAP:
Up to $4,500 second mortgage; paid back
over a 10-year period at 1 percent interest.
Affordable DAP household income limits apply.
*DAPs can pay the home buyer tax credit fee.
Fill out my form!
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
Pages
- 4 Things Required for a KY Mortgage Loan Approval
- Down Payment Assistance Kentucky 2024 Kentucky Housing Corporation KHC
- Credit Scores Required For A Kentucky Mortgage Loan Approval in 2024
- Kentucky First-time Home Buyer Programs
- Kentucky FHA Mortgage Information
- Kentucky VA Mortgage Loan Information
- USDA Rural Housing Kentucky Loan Information
- Zero Down Kentucky Mortgages
- First-time Home-buyers in Kentucky
- Documents Needed Mortgage Approval in Kentucky
- Free Credit Score Booklet
- Do's & Dont's before closing:
- Closing Costs Kentucky Mortgage
- Lock Kentucky Mortgage Loan Rate
- Home Inspections Kentucky
- Home
- Accessibility Statement
- Legal / Privacy Policy / Accessibility Statements
KHC Home Buyer Tax Credit Down payment Assistance
Labels:
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down payment assistance and first time home buyer grants,
First Time Home Buyer Grants Kentucky,
KHC for downpayment assistance
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.
Kentucky USDA Rural Housing Loans : Kentucky Eligible Areas for Rural Housing Developm...
Kentucky USDA Rural Housing Loans : Kentucky Eligible Areas for Rural Housing Developm...: Kentucky Rural Housing NEWS! · Eligible areas in Kentucky will NOT be changing on October 1, 2014 for Kentucky Rural...
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.
Kentucky VA Mortgage Guidelines after a bankruptcy, foreclosure, short sale.
Kentucky VA Mortgage Guidelines after a bankruptcy, foreclosure, short sale.
2 years completion date needed after a short-sale, foreclosure, or deed-in lieu of foreclosure.
If extenuating circumstances exist – 12 months from completion date with re-established credit
Note: If the occurrence was on a Kentucky VA loan, the veteran may not have full entitlement available for the new loan.
2 year completion needed after a Chapter 7 bankruptcy
If extenuating circumstances exist – 12 months from discharge or dismissal date with re-established credit.
If it was a Chapter 13 Bankruptcy, a minimum of 12 months of payments have been made, all payments have been paid satisfactorily and Trustee or Bankruptcy Judge approval of new mortgage loan.
Joel Lobb
Senior Loan Officer
Senior Loan Officer
(NMLS#57916)
phone: (502) 905-3708
Fax: (502) 327-9119
Company ID #1364 | MB73346
Fill out my form!
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.
Getting your Louisville Kentucky VA Loan Approval.
Getting your Louisville Kentucky VA Loan Approval
Step 1: Determine If You Are Eligible
We will cover the Proof of Eligibility Process below but in general, the following people are eligible for a VA-Backed Home Loan:
* Veterans
* Active duty personnel
* Reservists/National Guard members
* Some surviving spouses
We will cover the Proof of Eligibility Process below but in general, the following people are eligible for a VA-Backed Home Loan:
* Veterans
* Active duty personnel
* Reservists/National Guard members
* Some surviving spouses
Get The Proof You Need To Show You Are Eligible For The VA Loan Program
You’ll need a Certificate of Eligibility before you can get a VA-backed loan. This section shows how you can apply for one.
Among categories A, B, and C below, find the one that matches your situation.
Category A: Veterans, Active Duty, and Reservists/National Guard Members Who Have Served on Active Duty You can get a Certificate of Eligibility in any of three ways: 1. Apply online. Go to the Veterans Information Portal (http://vip.vba.va.gov) and click on User Registration. Click Here for user instructions for applying online. 2. Apply through us. In many cases, we can obtain a Certificate online in minutes. Check the table below entitled, “Evidence Needed for the Certificate of Eligibility.” 3. Apply by mail. Use VA Form 26-1880. Return it to the address shown on the form. If you can’t print the form, just call 1-888-244-6711 and follow the prompts for Eligibility. Evidence Needed for the Certificate of Eligibility: | |
If you are: | You need to submit: |
Veteran (Includes a member or former member of the National Guard or Reserves who was once activated for Federal Service) | DD Form 214; We are required to have a copy showing the character of service (item 24) and the narrative reason for separation (item 28). |
Active Duty Servicemember | A current statement of service signed by (or by the direction of): the adjutant, personnel office, or commander of the unit or higher headquarters showing: Your full name Social Security Number Date of birth Entry date on active duty The duration of any lost time The name of the command providing the information |
11) Not Active: Please include copy of DD214 if not currently active
Active: Copy of Current “Service Statement” (obtained from base personnel or online) and PCS Orders to Michigan
12) Copy of VA Certificate of Eligibility (or fill out VA form 26-1880) and fax to me.
Certificate of Eligibility, DD214, Kentucky VA Home Loans, Louisville VA Lenders, VA Loan- A step by step guide, debt ratio va loan, Kentucky VA Loan Approval, Louisville VA Lenders, VA Funding Fee Chart, VA Mortgage Loan Checklist, VA Mortgage Streamline (IRRRL), VA loan limits KY 2014,
Labels:
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DD214,
debt ratio va loan,
Kentucky VA Home Loans,
Kentucky VA Loan Approval,
Louisvlle VA Lenders,
va loan limits Ky 2014,
VA Loan- A step by step guide
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.
FHA Mortgage Guidelines for a Louisville Kentucky FHA Mortgage
FHA Mortgage Guidelines for a Louisville Kentucky FHA Mortgage
FHA has issued 3 mortgagee letter out this week, with big changes coming on October 15th! FHA will now allow serious job loss or income reduction (20% reduction in income)to be counted as an extenuating circumstance. Buyer might be eligible to purchase a new home after a 12 month waiting period with excellent re-established credit and documentation of income loss and credit counseling. Stay tuned! More info to come but this will certainly help get more buyers into the market in our area.
According to a letter sent to mortgage lenders, the FHA said it would offer mortgage insurance to borrowers who, during the recession, filed for bankruptcy or lost their homes through a foreclosure or short-sale proceeding.
The insurance is now available to those who can prove they are no longer financially compromised — and met all other FHA requirements.
"FHA recognizes the hardships faced by these borrowers, and realizes that their credit histories may not fully reflect their true ability or propensity to repay a mortgage," the letter says.
Besides the burden of proof on the borrower to demonstrate a recovery from the "economic event," the potential homeowner must also complete housing counseling. This event would need to result in a minimum loss of 20% of the household income.
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Fill out my form!
Labels:
Bankruptcy,
Credit Scores and Kentucky Mortgage Loans,
FHA,
FHA Back to work,
FHA Mortgages and Bankruptcy,
Short Sales
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.
How do Judgements affect a Kentucky Mortgage Loan Approval?
Judgments and how they affect a Kentucky Mortgage Loan Approval.
Judgements are treated differently than collections when it comes to a mortgage loan approval in Kentucky.
- All judgments must be paid off prior to the loan closing unless there is a written agreement for a payment plan.
- In order to accept a payment plan for a judgment, the written agreement must be provided along with evidence that at least 3 payments have been made and that all payments have been made on time.
- Any payment plan for a judgment must have its monthly payment include in the DTI calculation.
- Judgments of a Non-Purchasing Spouse in a community property state must be included, unless excluded by state of Kentucky
Fill out my form!
Joel Lobb
Senior Loan Officer
Senior Loan Officer
(NMLS#57916)
phone: (502) 905-3708
Fax: (502) 327-9119
Company ID #1364 | MB73346
Labels:
bad credit,
collections,
credit,
credit report,
Credit Report Tips and Myths,
Credit Scores and Kentucky Mortgage Loans,
Judgements,
Medical Collections and charge offs
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.
KENTUCKY FANNIE MAE CONVENTIONAL LOAN MINIMUM BORROWER CONTRIBUTIONS CHANGES
KENTUCKY FANNIE MAE CONVENTIONAL LOAN MINIMUM BORROWER CONTRIBUTIONS CHANGES FOR 2019
|
American Mortgage Solutions, Inc.
10602 Timberwood Circle Suite 3
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.
Fill out my form!
Labels:
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Fannie Mae HomePath Credit Score Requirements,
FHA Kentucky Home Loans,
gifts,
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gifts for down payments,
loan 2019 Fannie Mae Loan Limits KY
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.
Kentucky Fannie Mae HomePath® program for 2014
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| The Kentucky Fannie Mae HomePath® program offers borrowers the opportunity to purchase a Kentucky Fannie Mae owned property with a low down payment and no appraisal or mortgage insurance. For a list of eligible properties, visit the HomePath website at www.homepath.com.
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The following is a list of documents that may be required to process your mortgage loan:
· One full month’s worth of pay stubs
· Last 2 years W-2′s
· Last 2 years tax returns
· Last two months bank statements for all accounts
·
I don't need originals, copies are fine. You can fax, email, or drop off at my office below . I will supply you a copy of your credit report for free along with your pre-approval letter to buy a home.
It usually takes about 24 hours for a pre-approval to come back from underwriting department.
Let me know your questions.
Thanks and look forward to helping you
Joel Lobb
Senior Loan Officer
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
Fill out my form!
Labels:
Fannie Mae,
Fannie Mae HomePath,
Fannie Mae HomePath Credit Score Requirements,
Fannie Mae HomePath® Kentucky,
First Time Home Buyer Louisville Kentucky Mortgage,
Louisville First Time Buyers
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.
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