Kentucky USDA Rural Housing Mortgage Lender: USDA Rural Housing Loan helps elderly woman become...: USDA helps elderly WV woman become a first-time homeowner : One 71-year-old woman from St. Albans is finally a homeowner thanks to a pr...
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
Kentucky USDA Rural Housing Mortgage Lender: USDA Rural Housing Loan helps elderly woman become...
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.
Current Credit Score Requirements for Kentucky FHA, VA, USDA and Conventional Mortgages Loans in Kentucky!
KENTUCKY FHA MORTGAGE LOANS 👈👈👈 Read more at link
· Minimum credit score: 620 AUS approved, 640 manuals
· Non-Credit Qualifying Streamline refinances allowed
· Gift funds allowed for down payment and closing costs
· Cash out 80% LTV
KENTUCKY VA MORTGAGE LOANS 👈👈👈 Read more at link
· Minimum credit score: 620 AUS approved, 640 manuals
· Cash-out up to 90% LTV
· Foreclosure/Short Sale/Bankruptcy <2 years allowed with AUS Approval
KENTUCKY USDA MORTGAGE LOANS 👈👈👈 Read more at link
· Minimum credit score: 640
· 100% maximum LTV
· No maximum loan amount
· Rate/Term refinances allowed
KENTUCKY CONVENTIONAL MORTGAGE LOANS 👈👈👈 Read more at link
· 620 min score
· Fannie Mae
· Freddie Mac
· Standard and High Balance
· HomeReady
· HomePossible
***KEEP IN MIND..ALL MORTGAGE LENDERS HAVE DIFFERENT CREDIT SCORE REQUIREMENTS SO CHECK WITH YOUR LENDER FIRST.
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.
100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers: Louisville Kentucky Mortgage Lender for FHA, VA, ...
100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers: Louisville Kentucky Mortgage Lender for FHA, VA, ...: Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Kentucky First-time Home Buyer Programs : ...
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Kentucky First-time Home Buyer Programs
Conventional Mortgage Loan in Kentucky.
620 credit score or higher needed for this loan program. 4 years removed from bankruptcy minimum sometime longer. Private mortgage insurance required for over 80% loan to value on a refinance or down payments less than 20%. Tighter debt to income requirements with max back-end-ratio usually not over 45% with less than 20% down payment. Easier on properties to qualify if they have deferred maintenance or need some fixing up to pass Government standards like FHA, VA, USDA loans.
Down payment requirements are as little as 3% down payment. Better rates and lower mortgage insurance with a larger down payment and pmi is not for life of loan.
This is for stronger borrowers with good credit (above 680 or 720) and at least 3-5% down payment with no foreclosures or bankruptcies in he last 4-7 years. Can go higher on the loan amount too versus FHA. Max loan in Kentucky for 2020 for conventional loans is $510,000.
Home Possible Advantage Product Highlights:
Up to 97% LTV for Purchase and for Rate Term Refinances of 1-unit properties
CLTV max 97% for purchase unless the second mortgage meets FHLMC Affordable Seconds Guidelines for a max of 105%
Minimum Credit Score of 620 Required
Accept/Eligible LP AUS Findings
Max DTI allowed per AUS Findings
Lower Mortgage Insurance coverage requirements for LTV's of 90.001% - 97% (25%) compared to standard Fannie product (30-35%)
Borrowers may not own any other real estate at closing
1 unit principal residences, including eligible condos and PUDs, 2-4 unit principal residences
Homeownership Education:
At least one Borrower must participate in a homeownership education program before the Note Date in each of the following instances:
For purchase transaction Home Possible® Mortgages when all Borrowers are First-Time Homebuyers
Homeownership education must not be provided by an interested party to the transaction, the originating lender or by the Seller.
Homeownership education programs may use different formats and require different lengths of time to complete. The following are acceptable:
Programs developed by HUD-approved counseling agencies, Housing Finance Agencies (HFAs) or Community Development Financial Institutions (CDFIs)
Programs developed by mortgage insurance companies
Programs that meet the standards of the National Industry Standards for Homeownership Education and Counseling (www.homeownershipstandards.com)
Income Eligibility:
Borrowers must meet income limits for program eligibility. Income limits will be checked by LP.
Link to check income and property eligibility:
Minimum Borrower Contribution:
1 unit - 0%
2-4 units - 3%
Acceptable Sources for Down Payment:
Gift funds and grants. Affordable Seconds are allowed.
Find additional information regarding Affordable Seconds in the Freddie Mac Seller guide section 4204.2
Non-Occupant Borrowers:
Not permitted. All borrowers must occupy the subject property as their primary residence.
Mortgage Insurance:
Monthly, borrower-paid or single premium LPMI are allowed. At this time, borrower paid singles, split premiums, lender paid monthly premiums and lowest cost/custom MI are not allowed.
25% MI coverage for LTVs 90.001 - 97%
Standard MI coverage for LTVs of 90% or less. (Reduced MI not permitted)
Other Income:
Border income (relatives or non-relatives): Up to 30% of qualifying income, must document at least 9 of the last 12 months of payment (will be averaged over 12 months and must document proof of shared residence for the 12 month period.
Accessory Unit - Rental income from an accessory unit may be used in qualifying income per rental income guidelines
2-Unit Rental income from the other units of the subject property may be used per rental income guidelines.
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 First Time Home Buyer Programs For Home Mortgage Loans: Kentucky Home Loan Programs available to buy a hom...
Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Kentucky Home Loan Programs available to buy a hom...: There are many Kentucky Home Loan Programs available to buy a home with low or no down payment options. Kentucky VA loans are available...
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.
Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Credit Scores Kentucky Mortgage Loan
Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Credit Scores Kentucky Mortgage Loan: ∘ What kind of credit score do I need to qualify for different first time home buyer loans in Kentucky? Answer. ...
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 Mortgage Lender: USDA has announced an upfront guarantee fee of 1%
Kentucky USDA Rural Housing Mortgage Lender: USDA has announced an upfront guarantee fee of 1% ...: USDA Fiscal Year 2021 Conditional Commitment Notice Fiscal Year 2021 will begin 10/01/2020. USDA has announced an upfront guarantee ...
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 Mortgage Lender: Current Underwriting Turn Times on Rural Housing
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 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...
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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