Kentucky USDA Rural Housing Mortgage Lender: Current Underwriting Turn Times on Rural Housing

Kentucky USDA Rural Housing Mortgage Lender: Current Underwriting Turn Times on Rural Housing





KENTUCKY USDA LENDERS!!!

 USDA Turn Times Are you interested in knowing the current status of USDA's turn times

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Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Bankruptcy Guidelines for Kentucky FHA, VA, USDA, ...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Bankruptcy Guidelines for Kentucky FHA, VA, USDA, ...: Conventional Loan Bankruptcy Guidelines  Chapter 7 Bankruptcy A four-year waiting period is required, measured f...

Can you use Non-taxable income like Child Support, Social Security, Workers Compensation to qualify for a Kentucky Mortgage Loan?


You can use child support, social security, and workers compensation as long as it will continue for the next 3 years.

On a note for Child support, you have to show you have been getting the last 12 months consistently to use that income.

Another favorable option in using non-taxable income, is that you can gross it up to 115% to 125% in most cases to show you have more qualifying income.

Fannie Mae, USDA, VA, Conventional loan programs will let you gross up the income by 125%.

For example, if you grossed $1000 a month, then on a VA, USDA  or Conventional  loan you could have a qualifying income of $1,250 to qualify for more of a house payment.

FHA will allow for 115% grossing up of non-taxable income. So on a $1,000 gross monthly income, the max income used to qualify monthly would be $1,150.00

Some lenders may create overlays to these agency guidelines, so keep that in mind.

It is best to use in most cases the lowest income to qualify in my opinion so just be on the safe side.


see chart below for FHA, VA, USDA, and Fannie Mae Conventional loan guidelines.


Kentucky USDA Rural Housing Mortgage Lender: Kentucky USDA Rural Housing Eligibility Map for 2020

Kentucky USDA Rural Housing Mortgage Lender: Kentucky USDA Rural Housing Eligibility Map for 2020: Kentucky USDA Rural Housing Map �� How to determine if property is in an eligible USDA area Click on image of map below and this ...

Kentucky USDA Rural Housing Mortgage Lender: Kentucky USDA Mortgage Loan Requirements

Kentucky USDA Rural Housing Mortgage Lender: Kentucky USDA Mortgage Loan Requirements: Kentucky USDA Home Loan Requirements USDA loans require One of the biggest eligibility requirements is that the property be located in ...

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2020

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2020: 2020 Kentucky Down Payment Assistance Programs There are basically 4 mortgage programs for first time home buyers in Kentucky to cons...

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

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Kentucky FHA Mortgage Information: How to Qualify For a Kentucky FHA Mortgage Loan 1. Low Down Payment –  FHA Mortgage Loans only require a 3.5% down payment. And what ma...

We’ve dropped our minimum FICO score to 620 for Kentucky Mortgage Loan Approvals


mimimum 620 credit score for Kentucky FHA, Kentucky VA, Kentucky USDA Mortgage Loans



We’ve dropped our minimum FICO score to 620 for Kentucky Mortgage Loan Approvals for FHA, VA, USDA and Conventional Mortgage Loans in Kentucky!

Now that’s refreshing!

Call me today to qualify your borrowers with one of our great programs:

KENTUCKY FHA MORTGAGE LOANS

Minimum credit score
620 AUS approved
640 manual
Non-Credit Qualifying Streamline refinances allowed
Gift funds allowed for down payment and closing costs
Cash out 80% LTV

KENTUCKY VA MORTGAGE LOANS

Minimum credit score
620 AUS approved
640 manual/640 High BA
Cash-out up to 90% LTV
Foreclosure/Short Sale/Bankruptcy <2 allowed="" approval="" aus="" p="" with="" years="">
KENTUCKY RURAL USDA MORTGAGE LOANS

Minimum credit score: 620
100% maximum LTV
Manual Underwrites
No maximum loan amount
Rate/Term refinances allowed


KENTUCKY CONVENTIONAL MORTGAGE LOANS

620 min score
Fannie Mae
Freddie Mac
Standard and High Balance
HomeReady
HomePossible


Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916

American Mortgage Solutions, Inc.

Text/call:      502-905-3708
fax:            502-327-9119
email:
          kentuckyloan@gmail.com