Different Types of Mortgage Loans available for 2013 Kentucky Home buyers and homeowners


Loan
Kentucky First Time Home Buyer Mortgage Loan FHA, VA, KHC, USDA, Rural Housing, Fannie Mae Ky Zero Down Home Loans
Different Types of Mortgage Loans available for 2013 Kentucky Home buyers and homeowners

Kentucky First Time Home Buyer Programs for 2017 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky

All loans are subject to credit approval.Pre-Qual-Button-v2

Kentucky VA High Balance FICO Requirements

Minimum credit scores for Kentucky VA loans greater than $417,000 have been lowered to the following

Purchase/Rate-Term/IRRRL – Loan amount ≤ $1,000,000 : 640

                                                    Loan amount > $1,000,000 : 700

 

Cash Out –                                  Loan amount ≤ $700,000 : 640

                                                    Loan amount $700,001 – $1,000,000 : 660

                                                    Loan amount > $1,000,000 : 700

Conforming FICO Requirements

 Conforming loans, both Standard and High Balance. for these products as long as they meet our minimum credit scores as follows

Loan amount > $417,000             : 660

Loan amount ≤ $417,000 with MI : 660

Loan amount ≤ $417,000 w/o MI : 620

This only applies to regular Conforming loans and is not applicable to Homepath, DU Refi Plus, or any other Conforming program. All other requirements, including Maximum LTV, for these products will remain the…

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Author: Louisville Kentucky Mortgage

I have helped over 589 Kentucky families buy or refinance their home over the last 18 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. Give us a try or let us compare your options on your next mortgage transaction. Call me locally at 502-905-3708. Free Mortgage Pre-Qualifications same day on most applications. Email me at kentuckyloan@gmail.com with your questions I specialize in Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer with little money down, we offer Kentucky Housing or KHC loans with down payment assistance. This website is not an government agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. NMLS# 57916 http://www.nmlsconsumeraccess.org/ Joel Lobb Senior Loan Officer (NMLS#57916) American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223 phone: (502) 905-3708 Fax: (502) 327-9119 kentuckyloan@gmail.com Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com Equal Housing Lender

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