Filtered By: State> Kentucky; Property Type> Single Family; Listing Type> All Types;
|
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
USDA Homes for Sale in Kentucky
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 FHA Change
Hey, Kentucky FHA Homebuyers in 2023--
If you’ve been on the fence about buying, recent news from the Department of Housing and Urban Development (HUD) may encourage you to take the leap!
The Annual Mortgage Insurance Premium (MIP) will be reduced on all eligible FHA loans through Churchill Mortgage. This premium went from 0.85% to 0.55% for most borrowers with an FHA loan. This will allow borrowers to save an average of $800 each year!
In 2023 alone, this change could help almost 850,000 borrowers. Here’s the details:
- Applies to single-family homes, condos, and manufactured homes.
- All eligible loan-to-value ratios (LTV) will receive the reduction.
- The reduction also works with all eligible base loan amounts.
Here’s a look at the base loan amounts for an FHA loan in 2023:
This reduction in MIP is just another reason it may be time to look into homeownership. The money you’ll be saving can go straight toward a mortgage payment.
Owning a home is considered a secure way to build lasting wealth, even in an uncertain economy. Look at it this way…when you pay rent, you’re paying your landlord’s bills. When you own a home, you’re building equity for YOUR future.
Kentucky FHA Mortgage Facts:
- Requires a down payment of at least 3.5%.
- With a down payment of at least 10%, MIP can be canceled after 11 years.
- A down payment of less than 10% will require MIP for the lifetime of the loan.
- The minimum credit score for an FHA loan is 580 to qualify for the 3.5% down payment.
- A positive rental history of 12 months of on-time payments can be used as part of your mortgage assessment when applying.
Have Questions or Need Expert Advice? Text, email, or call me below:
Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916
American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364
Text/call: 502-905-3708
fax: 502-327-9119
email: kentuckyloan@gmail.com
http://www.mylouisvillekentuckymortgage.com/
NMLS ID# 57916, (www.nmlsconsumeraccess.org).
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 FHA Mortgage Loans Cheaper Mortgage Insurance
Reduction of Federal Housing Administration (FHA) Annual Mortgage Insurance Premium (MIP) Rates |
30 Basis Point Reduction for FHA LoansCleared to Close after March 8, 2023With the announcement of Monthly Mortgage Insurance reductions by HUD, any qualifying Kentucky FHA loan that is cleared to close after March 8th, 2023 will have a reduced MIP. With 30 bps reductions, this could be big savings for your borrowers.
We will apply the new monthly mortgage insurance rate to all qualifying Kentucky FHA loans that are not cleared to close prior to March 8th, 2023 in addition to any new loans that are submitted. |
 |
*The MIP reduction does not apply to Streamline and Simple Refinances. Have Questions or Need Expert Advice? Text, email, or call me below:Joel Lobb Mortgage Loan Officer Individual NMLS ID #57916 American Mortgage Solutions, Inc. 10602 Timberwood Circle Louisville, KY 40223 Company NMLS ID #1364 Text/call: 502-905-3708 fax: 502-327-9119 email: kentuckyloan@gmail.com http://www.mylouisvillekentuckymortgage.com/ NMLS ID# 57916, (www.nmlsconsumeraccess.org). |
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.
Cash Out Refinance seasoning requirement on Kentucky Mortgage Loans
Cash Out seasoning requirement on Kentucky Mortgage Loans for FHA, VA, Fannie Mae
Did you know that Freddie Mac is making a change to their Cash Out seasoning requirement effective March, 7 2023?
The new guideline will require at least 12 months to have passed from the Note date of the mortgage being refinanced. Please see below for the agency specific cash out seasoning requirements and let us know if you have any questions.
FHLMC: 12 months (Effective 3/7/2023)
Kentucky FHA Mortgage Loan: 12 months
Kentucky VA Mortgage Loans: 210 days/6 months
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.
Subscribe to:
Posts (Atom)