FHA Trims Waiting Period for Borrowers Who Experienced Foreclosure


FHA Trims Waiting Period for Borrowers Who Experienced Foreclosure.

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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

8 thoughts on “FHA Trims Waiting Period for Borrowers Who Experienced Foreclosure”

    1. MRB Special Funding
      Limited Availabilty
      Interest Rate: 2.50% without Down Payment Assistance
      3.00% with Down Payment Assistance
      $35,000 Household Income Limit
      First time home buyer, unless property located in targeted county
      Existing or new construction property — purchase price limit $115,000
      Regular and Affordable DAP available
      FHA, VA or RHS first mortgage programs through MRB Funding
      640 credit score
      Borrower must demonstrate a need for the special funding. The borrower’s housing ratio must be at a minimum of 25%.
      Maximum ratios of 40/45% with AUS approval.
      All household occupants (18 yrs and older) with income must be included on loan and be credit ready.

      Secondary Market Interest Rates — 45-Day Lock

      Loan Type

      Rate without Down Payment Assistance

      Rate with Down Payment Assistance
      FHA, VA & RHS
      640 credit score
      AUS approval
      Purchases & Refinances

      4.250%
      4.750%
      Conventional
      680 credit score
      No MI required
      LTV 80.01% -97.00%
      *DU AUS approval
      Purchases

      5.375%
      5.625%
      Mortgage Revenue Bond Interest Rates — 45-Day Lock

      Loan Type

      Rate without Down Payment Assistance

      Rate with Down Payment Assistance
      FHA, VA & RHS
      640 credit score
      AUS approval
      Purchases

      4.250%
      4.750%
      Conventional
      680 credit score
      No MI required
      LTV 80.01% -97.00%
      *DU AUS approval
      Purchases

      5.375%
      5.625%

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