Getting Approved for a Kentucky FHA, VA, USDA, Fannie Mae Loan after a bankruptcy, foreclosure, short-sale,


How long does it take after a Bankruptcy, foreclosure or short-sale to get approved for A Kentucky VA, USDA, Rural Housing, FHA, and Conventional Mortgage loan in 2014?     Kentucky Mortgage Loan Program Chapter 7 Bankruptcy Conventional (Determined by date of application) 4 years from date bankruptcy was completed 2 years from date bankruptcy […]

Louisville Kentucky Mortgage Rates


Louisville Kentucky Mortgage Rates.     Joel Lobb (NMLS#57916) Senior Loan Officer American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223 (: (502) 905-3708 |7Fax: (502) 327-9119| Company ID #1364 | MB73346      

2014 First Time Home Buyer Programs Louisville Kentucky


First Time Home Buyer Programs Louisville Kentucky.   Government Mortgage Products available to Kentucky First Time Home Buyers in 2014 KENTUCKY FHA MORTGAGE LOANS Min FICO 600 Non-Occupant co-borrowers allowed 100% Gifts Allowed from family members Manual UW allowed but must keep debt to income ratios at 29/41% respectively and have a verifiable rent history ox30 […]

Kentucky Housing Corporation Products on FHA, VA, USDA for both Refinance and Purchase Transactions


Kentucky Housing Corporation Products on FHA, VA, USDA for both Refinance and Purchase Transactions! Products Offered:  Conventional Financing with No MI 97% Financing with No Mortgage Insurance/100% Financing with Down Payment Assistance 680 Minimum Credit Score, Maximum Debt Ratio 45% Down Payment can be Gifted FHA/VA Purchase 96.5% Financing/100% Financing with Down Payment Assistance 640 […]

Kentucky USDA Rural Housing Loan Program eligible maps for 2014 updated.


It is with great joy (and a good bit of relief) to let you know that all areas currently eligible for the Kentucky USDA Rural Housing Program will remain intact through the end of the 2014 Fiscal Year (September 30, 2014).  The is also support in the Senate and the House regarding keeping the eligible […]

What Credit Score do You Need to qualify for a FHA VA KHC USDA Kentucky Mortgage


  What Credit Score do You Need to Buy a Home? When it comes to mortgages and credit scores, there are two really important questions to ask: –What credit score do I need to qualify for a mortgage? –What credit score do I need to get the lowest interest rate on a mortgage? These different […]

Why You Can’t Get a Louisville Kentucky FHA, VA, KHC, USDA, Rural Housing and Fannie Mae Home Loan


Why You Can’t Get a Louisville Kentucky FHA, VA, KHC, USDA, Rural Housing and Fannie Mae Home Loan

How Long Do I Have To Be Employed to Qualify for an Kentucky FHA Loan?


How Long Do I Have To Be Employed to Qualify for an Kentucky FHA Loan? The Kentukcy FHA loan application process includes many steps, including running a credit report and having the Kentucky FHA borrower fill out paperwork with personal information like open lines of credit and current income. Applying for a government home loan […]

2013 First Time Home Buyer Mortgage Loans in Louisville Kentucky


To get a First time home buyer loan in Louisville Kentucky in 2013, you will need to look at these following three first time home buyer loans program in Louisville. 1. Louisville KY FHA Loan Program-This program allows for 3.5% down payment and low 30  30 year fixed rate loans currently. The minimum credit score […]

Kentucky Rural Development Kentucky Guaranteed Housing Zero Down


 This website is not an Government Agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency.     Kentucky Rural Development Kentucky Guaranteed Housing Home Financing Options for Lenders Think Guaranteed First! Do you have clients with no down payment?  Do you have clients with some cash but they do not wish to […]

HARP 2.0 Refinance Guidelines for Fannie Mae and Freddie Mac Louisville Kentucky Mortgage Loans


HARP 2.0 Frequently Asked Questions HARP has been expanded to help more homeowners qualify for refinancing their Louisville Kentucky Mortgage Loans  – even those with little or no equity available. With HARP you could take advantage of low interest rates and other refinancing benefits even if the value of your home has declined and you owe […]

All Current FHA, VA, KHC, USDA , Fannie Mae Programs for a mortgage in Kentucky with our company require a FICO Score of 640-We take your middle score.


Originally posted on Louisville Kentucky Mortgage Loans:
  What Credit Score do You Need to Buy a Home? Call me today for a free credit report–502-905-3708 or email me at kentuckyloan@gmail.com When it comes to mortgages and credit scores, there are two really important questions to ask: –What credit score do I need to qualify…

Louisville Mortgage Underwriting Guidelines


Louisville Mortgage Underwriting Guidelines Understanding Louisville Mortgage mortgage underwriting guidelines will help you understand your loan options when purchasing or refinacing a home. Now that you have found your dream house, you are going to need to apply for a Louisville Mortgage mortgage loan. Your realtor will either recommend a banking institution or you may […]

Louisville Ky First Time Home Buyer


Louisville Ky First Time Home Buyer

Refinance your Kentucky Mortgage Loan


If you are a homeowner who was lucky enough to buy when Kentucky mortgage rates were low, you may have no interest in refinancing your present loan. Perhaps you bought your home when rates were higher. Or perhaps you have an adjustable rate loan and would like to obtain different terms. Should could you refinance […]

4 Things Needed to Get Approved for a Mortgage Loan In Kentucky


I wish it were that easy.  There are 4 basic things that a borrower needs to show a lender in order to get approved for a mortgage in Kentucky.  Each category has so many what ifs and sub plots that each box can read as it’s own novel.  In other words, each category has so […]

Credit Scores for Kentucky VA, FHA, USDA , Fannie Mae Home Loans


Credit Scores for Kentucky VA, FHA, USDA , Fannie Mae Home Loans The first step to interpreting a score is to identify the source of the credit score and its use. There are numerous scores based on various scoring models sold to lenders and other users. The most common was created by Fair Isaac Co. […]

Louisville and Jefferson County Kentucky Real Estate Home Info Links


Louisville and Jefferson County Kentucky Real Estate/Home Info Links   Property Transfers: Recent home sales in Jefferson, Bullitt and Oldham Kentucky Counties in Kentucky Vacant Jefferson County Kentucky properties Bank properties owned in Louisville Ky Repossed Homes OTHER RESOURCES Jefferson County Kentucky PVA property search Jefferson County Ky Online Land Records System Jefferson County ky Sheriff property […]

Frequently Asked Questions about FHA Kentucky Home Loans


Frequently Asked Questions about FHA Kentucky Home Loans FAQ’s about Kentucky  FHA Home Loans Q. Can only a first time home buyer use the Kentucky FHA loan program? A. No. You can use  FHA home loans as many times as you desire when buying a home or doing a Kentucky  mortgage refinance. The onlyKentucky  FHA […]

Louisville Ky FHA Loans


Louisville Ky FHA Loans The Federal Housing Administration (FHA) is a federal agency within the U.S. Department of Housing and Urban Development (HUD). FHA’s primary objective is to assist in providing housing opportunities for lo to moderate income families. FHA has both single family (1-4 unit homes) and multi-family (5 or more units) mortgage lending […]

Credit Fico Score for a Kentucky Mortgage FHA VA KHC


Credit Fico Score for a Kentucky Mortgage FHA VA KHC. As a rule of thumb, however, a credit score below 640 will make buying a home very difficult. A FICO score below 640 is considered sub-prime. In the past there were mortgage companies that specialized in sub-prime mortgages. Because of the challenges in the credit market […]

How do you calculate income for self-employed borrowers Kentucky Mortgage?


How do you calculate income for self-employed borrowers?.   Under normal Fannie Mae underwriting standards, a borrower is considered self-employed if he or she owns more than 25% of a business from which income is derived. Any lower percentage ownership and a borrower can simply be considered employed by the firm (Yes, this is a help for […]

Kentucky Fannie Mae HomePath® Buyer Incentive


Kentucky Fannie Mae HomePath® Buyer Incentive Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through June 30, 2011. The HomePath property buyer must meet the following qualifications to be eligible: Buyers and/or selling agents (the agent representing the buyer) must request the incentive upon submission of initial offer in order […]

Kentucky USDA/ KENTUCKY RURAL HOUSING LOAN 2011


Kentucky USDA Rural Housing mortgage loans in Ky. Why use USDA financing for your next home purchase? There are very few ways to purchase a home these days without a typical 3.5% down payment that is required for an FHA loan.  Many home buyers are surprised to find that a USDA Home Loan offers a […]

Kentucky Housing Corporation (KHC) Interest Rates


Interest Rates Interest Rates KHC Mortgage Interest Rates as of 02/24/2011, 9:00 a.m. ET Rates subject to change without notice. 700+ Credit Score Mortgage Revenue Bond (MRB) Interest Rates KHC-funded down payment assistance not available with these rates Loan Type Regular Rate Zero-Point Rate *Government Rates only 4.500% 4.875% 640+ Credit Score Mortgage Revenue Bond […]

How to get a VA home loan in Louisville, Kentucky (Kentucky)


    Kentucky VA Home Loan Program Some benefits of using the Kentucky VA Home Loan Program are: (1) Zero Down Option (2) No Monthly Mortgage Insurance (3) 620 Minimum Credit Score (4) Reasonable Underwriting Decisions Steps To A Kentucky VA Home Loan 1. Apply for Certificate of Elibibility (VA Form 26-1880) 2. Fax a […]

Kentucky FHA Mortgage Loans—updated Guidelines


By LYNNLEY BROWNING–New York Times Article Published: November 24, 2010          Kentucky FHA Mortgage Loans—updated Guidelines Kentucky home buyers with sketchy credit who are unable to qualify for conventional mortgages may now find it more costly and difficult to obtain loans insured by the Federal Housing Administration. New rules that went into effect this month […]

Kentucky First Time Homebuyer Pitfalls to Avoid


Kentucky First Time Homebuyer Pitfalls to Avoid. Success Story KHC had $4 million in special funding for households whose gross annual income did not exceed $35,000, and who were age 62 or older, disabled and receiving disability income, or with a child under age 18. The dream of homeownership became a reality for Barbara, 67, […]