Kentucky Mortgage Expert Joel Lobb Launches Resource Hub for First-Time Homebuyers

Kentucky Mortgage Expert Joel Lobb Launches Resource Hub for First-Time Homebuyers

LOUISVILLE, KY – As higher rates and stricter underwriting challenge first-time homebuyers, Kentucky mortgage broker Joel Lobb (NMLS #57916) is unveiling a new digital hub designed to help local residents understand and qualify for low or no money down home loans.

“Most Kentuckians don’t realize they may qualify for a home loan with as little as 0–3.5% down, even with less-than-perfect credit,” said Lobb. “This platform is built to educate and provide tools buyers actually need.”

✅ What’s Inside the New Kentucky Mortgage Hub?

  • FHA, VA, USDA, KHC loan comparisons
  • Real-time mortgage calculators
  • Credit tips for buyers with scores under 620
  • Steps to apply and get pre-approved fast

The site—www.mylouisvillekentuckymortgage.com—is optimized for searches like:

  • Kentucky first-time homebuyer loans
  • FHA mortgage Kentucky
  • 0 down home loans KY
  • VA loan lender Kentucky
  • How to qualify for USDA loan KY

💡 Kentucky Mortgage Programs Explained

If you're starting your home search, here are the most common mortgage loan programs Joel helps with:

FHA Loans

Designed for credit scores as low as 580 with just 3.5% down. Ideal for first-time homebuyers and buyers with limited credit history.

VA Loans

Available to veterans, active-duty military, and eligible spouses. No down payment required. No monthly mortgage insurance.

USDA Loans

100% financing for eligible rural areas across Kentucky. Income and location restrictions apply.

Kentucky Housing Corporation (KHC)

Offers Down Payment Assistance (DAP) up to $10,000 and competitive interest rates for low- to moderate-income buyers.

📞 Contact Joel Lobb for Free Consultation

With more than 1,300 Kentucky closings and 20+ years of experience, Joel provides personalized, fast approvals with a human touch—not a call center.

Need help or ready to apply? Submit your loan app today or email Joel directly with your questions. Same-day pre-approvals available.

Joel Lobb is a licensed mortgage loan officer (NMLS #57916) with EVO Mortgage. (NMLS #1738461). Equal Housing Lender.

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Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Zero Down Kentucky Mortgages

First-Time Homebuyers in Kentucky: Buy Your Home with $0 Down! Dreaming of owning your first home but worried about the down payment

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Zero Down Kentucky Mortgages: First-Time Homebuyers in Kentucky: Buy Your Home with $0 Down! Dreaming of owning your first home but worried about the down payment? You’re...

Kentucky USDA Rural Housing Mortgage Lender: Joel Lobb - #1 USDA Mortgage L...

Kentucky USDA Rural Housing Mortgage Lender: <!DOCTYPE html> Joel Lobb - #1 USDA Mortgage L...: Joel Lobb - #1 USDA Mortgage Loan Officer in Kentucky Joel Lobb - #1 USDA Mortgage Loan Officer in Kentucky As the leading USD...
FHA Loans in Kentucky for First-Time Homebuyers: 2025 Guide

FHA Loans in Kentucky for First-Time Homebuyers: 2025 Guide

If you’re buying your first home in Kentucky, an FHA loan might be the perfect option. These government-backed mortgages help first-time buyers secure financing with low down payments, flexible credit requirements, and assistance options like the Kentucky Housing Corporation’s Down Payment Assistance Program.

🔍 What Is an FHA Loan?

An FHA loan is insured by the Federal Housing Administration and designed to make homeownership more accessible to moderate and low-income borrowers. FHA loans allow for:

  • Down payments as low as 3.5%
  • Credit score requirements starting at 580
  • Assistance with closing costs
  • Use of gift funds or grants

📊 FHA vs. Conventional Loan Comparison

FHA vs Conventional Loan Comparison Chart

📝 Who Qualifies for an FHA Loan in Kentucky?

  • Credit Score: 580+ for 3.5% down or 500–579 with 10% down
  • DTI Ratio: Max 43% standard, up to 50% with strong compensating factors
  • Employment: 2 years in the same field preferred
  • Residency: Must be a U.S. citizen or legal resident
  • Property: Primary residence that passes an FHA appraisal

📍 Local Advantage: Kentucky Housing Corporation DPA

First-time buyers in Kentucky may qualify for up to $10,000 in down payment assistance through the KHC. This forgivable second mortgage can be combined with an FHA loan for little-to-no money down.

🎯 Step-by-Step FHA Loan Process

  1. Apply with an FHA-approved lender
  2. Submit income, credit, and asset documentation
  3. FHA assigns a case number
  4. Appraisal is ordered
  5. Loan goes through underwriting
  6. Clear to close!

❓ Frequently Asked Questions

What is the minimum credit score required?

580+ for 3.5% down; 500–579 requires 10% down.

Does Kentucky offer assistance with FHA loans?

Yes, KHC offers up to $10,000 in down payment assistance.

Can FHA loans be assumed by a future buyer?

Yes. FHA loans are assumable — a big advantage in a rising-rate market.

📢 Ready to Get Pre-Approved?

Work with a trusted Kentucky FHA loan expert — Joel Lobb has helped over 1,300 families become homeowners.

Start Your FHA Loan Application

































Steps to get Approved for a Kentucky FHA Mortgage Loan





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How to Qualify For A Kentucky Mortgage Loan

Which Home Loan Is Right for You in Kentucky?

Which Home Loan Is Right for You in Kentucky? | Joel Lobb, Mortgage Broker

🏡 Which Home Loan Is Right for You in Kentucky?

When it comes to buying a home in Kentucky—whether you're in Louisville, Lexington, Bowling Green, or a rural community—choosing the right mortgage loan can make or break your homeownership journey. With so many loan options available, it’s crucial to understand the differences between FHA, VA, USDA, and Conventional loan programs.

✅ Conventional Loans

Best for: Borrowers with excellent credit and stable income
Minimum Credit Score: 620 (680+ preferred)

  • Competitive interest rates for strong-credit borrowers
  • 3%–20% down payment options
  • Available for primary, secondary, and investment properties
  • No income or location restrictions

✅ FHA Loans

Best for: First-time homebuyers or those with less-than-perfect credit
Minimum Credit Score: 580 with 3.5% down (500 with 10% down)

  • Flexible credit and income guidelines
  • Low down payment (3.5%)
  • Higher allowable debt-to-income ratios
  • Seller concessions up to 6% allowed

✅ USDA Rural Housing Loans

Best for: Low-to-moderate income buyers in eligible rural or suburban Kentucky areas
Minimum Credit Score: 640 (for GUS approval)

  • 100% financing (zero down)
  • No monthly PMI
  • Low interest rates and fees
  • Income and location eligibility required

✅ VA Loans

Best for: Veterans, active-duty service members, and eligible spouses
Minimum Credit Score: 580–620 (varies by lender)

  • 100% financing with no down payment
  • No monthly mortgage insurance (PMI)
  • Flexible credit and DTI requirements
  • Must provide a Certificate of Eligibility (COE)

📊 Home Loan Comparison Chart

Loan Type Credit Flexibility Down Payment Income Limits Geographic Restrictions
FHA ✔ More forgiving 3.5% ❌ None ❌ None
VA ✔ Flexible 0% ❌ None ❌ None
USDA ⚠ Moderate 0% ✔ Yes ✔ Yes
Conventional ❌ Stricter 3%–20% ❌ None ❌ None

💬 Ready to Buy a Home in Kentucky?

Whether you're a first-time buyer, a veteran, or relocating to rural Kentucky, choosing the right loan starts with the right guidance. I’m Joel Lobb, a mortgage broker with over 20 years of experience helping Kentucky families navigate their path to homeownership.

➡️ Apply for your Kentucky mortgage now

📞 Call/Text: (502) 905-3708
📧 Email: kentuckyloan@gmail.com
🏢 Office: 911 Barret Ave., Louisville, KY 40204

Disclosures:
Joel Lobb, Senior Loan Officer – Evo Mortgage Company NMLS# 1738461 Personal NMLS# 57916
Equal Housing Lender. Licensed to originate mortgage loans in Kentucky only.
Information subject to change without notice and based on credit approval.

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4 Things Every Borrower Needs to Know to Get Approved for a Mortgage Loan



The 4 things that a borrower needs to show to get approved for a mortgage in Kentucky ⬇️







How to Buy a Home in Kentucky with No Money Down: A Step-by-Step Guide for First-Time Buyer


Kentucky First-Time Homebuyers Get 2025 Boost with No-Money-Down Loans and State Grant Programs

Joel Lobb of American Mortgage Solutions Helps More Kentuckians Buy Homes with Zero Down Payment, Down Payment Assistance, and Flexible Credit Options

 In 2025, Kentucky first-time homebuyers have more opportunities than ever to achieve the dream of homeownership, thanks to expanded loan programs offering 100% financing, down payment assistance up to $10,000, and credit-flexible mortgage options. Leading the charge is Joel Lobb (NMLS #57916), a seasoned mortgage broker with over 20 years of experience helping families navigate the complex world of real estate financing.

"Many renters assume they need perfect credit or a large down payment to buy a home. That’s just not true anymore," says Lobb. "Between FHA, VA, USDA, and Kentucky Housing Corporation programs, most buyers can qualify with as little as zero down and credit scores as low as 580."

Key 2025 Programs Available Through Joel Lobb:

  • FHA Loans – 3.5% down with 580+ credit scores; flexible guidelines for past credit issues

  • VA Loans – 100% financing for veterans, active-duty service members, and surviving spouses

  • USDA Loans – Zero-down financing in eligible rural areas across Kentucky

  • KHC Down Payment Assistance (DAP) – Up to $10,000 for eligible buyers

  • Welcome Home Grant – Up to $20,000 in grant funds for qualifying low-to-moderate income households

Why It Matters: With rising rents and limited affordable housing inventory, many Kentuckians are being priced out of the market. Lobb’s approach focuses on pre-approval, credit education, and low-barrier loan access, making it possible for more families to secure stable housing without massive upfront costs.

Client Success Story: Recently, Lobb helped a single mother in Danville, KY buy her first home with less than $500 out-of-pocket by combining a USDA loan with $4,385 in seller credits and a $10,000 KHC grant. "We structure deals to work for the client’s budget—not the other way around," Lobb adds.

About Joel Lobb: Joel Lobb is a senior loan officer with  Louisville, KY. He has helped more than 1,300 Kentucky families buy or refinance their homes. Known for his personal attention, fast approvals, and creative financing strategies, Joel is a trusted name in Kentucky mortgage lending.

Media Contact: Joel Lobb
Senior Loan Officer, NMLS #57916
Phone: (502) 905-3708
Email: kentuckyloan@gmail.com
Website: www.mylouisvillekentuckymortgage.com

Disclaimers:
Equal Housing Lender. All loans subject to credit approval. Not a commitment to lend. Programs and rates subject to change. Visit www.nmlsconsumeraccess.org for full licensing details.


FHA loans in Kentucky After A Bankruptcy

Kentucky FHA Loan Guidelines for Bankruptcy and Foreclosure



Chapter 7


Chapter 7 bankruptcy discharged more than 24 months prior to the application date may be allowed.

Chapter 7 bankruptcy discharged between 12 and 24 months prior to the application date requires satisfactorily established credit and documentation showing the circumstances which caused the bankruptcy were beyond the borrower's control (i.e. unemployment, medical bills not covered by insurance). In these instances, the file must be manually downgraded to a refer and manually underwritten. It falls upon the underwriter to make a final determination as to the overall quality of the file.

Chapter 7 bankruptcy discharged less than 12 months prior to the application date is not allowed.

Chapter 13


Loans where the borrower is currently in a Chapter 13 bankruptcy or had a Chapter 13 bankruptcy which was discharged within the previous 2 years require manual downgrade and must be underwritten manually. Note that manual underwrites require Underwriting Management approval.


A borrower who is currently in a Chapter 13 bankruptcy may be eligible for FHA financing provided all of the following conditions are met in addition to standard manual underwriting requirements:


Foreclosure / Short Sale



A foreclosure less than 3 years ago is not allowed.

In all instances, the “date of foreclosure” is considered the date of the foreclosure deed. The end date of the time frame is determined by the application date.

You can obtain a copy of your bankruptcy paperwork from the website below:


Bankruptcy Courts 👉    http://www.pacer.psc.uscourts.gov/




Frequently Asked Question on Kentucky Mortgages After Bankruptcy

📘 Chapter 13 Bankruptcy Mortgage Questions

⬇️ Click on arrows for answers to your mortgage questions



How long after a Chapter 13 bankruptcy can I get a mortgage?

You may be eligible after 12 on-time payments during your repayment plan (with court approval), or immediately after discharge with FHA, VA, or Non-QM options.

What types of mortgage loans are available during or after Chapter 13?

FHA, VA, USDA, Conventional (after 2 years discharge), and Non-QM Portfolio Loans.

What is your waiting period for an FHA loan after bankruptcy?

FHA typically allows for approval during Chapter 13 (after 12 payments with approval) or immediately after discharge.

What kind of interest rate should I expect?

Rates depend on credit recovery and loan type. Expect slightly higher-than-average rates during early post-bankruptcy stages, with the potential for competitive terms.

What are the most common obstacles after discharge?

Low credit scores, high DTI ratios, limited assets, incomplete documentation, or lack of court approval.

How long does it take to refinance after Chapter 13 discharge?

Typically 2–4 weeks if all documents are ready.

How long does it take to purchase after Chapter 13 discharge?

Often 30–45 days from pre-approval to closing.

Can I purchase a home while still in Chapter 13?

Yes, with 12 months of on-time payments and court/trustee approval.

Can I refinance my mortgage during Chapter 13?

Yes, under certain conditions and with approval from the bankruptcy court.

How long does it take to get approved during a Chapter 13 payment plan?

Typically 45–60 days including court approval, but may vary by case and jurisdiction.

Can I do a cash-out refinance after Chapter 13?

Yes, usually available 6–12 months post-discharge if equity and credit conditions are favorable.

Are there any mortgage offer loans for homeowners who own their home outright after bankruptcy?

Yes. Rate-and-term and cash-out refinances may be available depending on credit and income.

Are there low down payment loan options post-Chapter 13?

Yes. FHA (3.5% down), VA (0% down), USDA (0% down), and KHC programs are available.

What credit score is needed after Chapter 13?

FHA 580 with 3.5% down FHA and 500+ score with 10% down payment, VA: no minimuim score but 620 preferred USDA: no minumum score but 640 preferred, Conventional: 620+, Non-QM: 500–550+

What if I don’t qualify right now?

You’ll receive a custom action plan to build credit, savings, or income toward qualification.

How do student loans affect mortgage eligibility after bankruptcy?

Student loans count toward your DTI. Deferred loans typically calculated at 0.5%–1% of the balance.

Where can I find forms to file for Chapter 13 Bankruptcy?

Forms are available via the U.S. Bankruptcy Court website or through a licensed bankruptcy attorney.

How does divorce affect my Chapter 13 plan?

Divorce can affect repayment and income stability. Plan modifications may be needed through court.

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📙 Chapter 11 Bankruptcy Mortgage Questions

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What mortgage options are available after Chapter 11 bankruptcy?

Loan types vary based on personal vs. business bankruptcy. FHA, VA, and Non-QM may apply post-discharge.

What if I don’t qualify today?

You’ll receive a recovery plan tailored to reestablish eligibility.

When can I apply for a loan post-Chapter 11?

After your plan is confirmed or the bankruptcy is discharged—typically 12–24 months depending on the loan.

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📗 Chapter 7 Bankruptcy Mortgage Questions

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How long must I wait after Chapter 7 to get a mortgage?

FHA/VA: 2 years, USDA: 3 years, Conventional: 4 years, Non-QM: as little as 1 day post-discharge.

What loan options are available post-Chapter 7?

FHA, VA, USDA, Conventional, and Non-QM—all with different credit and timeline requirements.

Are there extra fees for Chapter 7 borrowers?

No hidden fees. Standard lender fees apply. Review your Loan Estimate for details.

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Do you offer loans for mobile homes on past Chapte7 or Chapter 13?

Yes—if the home is on a permanent foundation and meets agency/HUD guidelines.

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