Kentucky Manufactured Home Loans for Doublewide Mobile Homes for FHA, VA, USDA, KHC and Fannie Mae

via Kentucky Manufactured Home Loans for Doublewide Mobile Homes for FHA, VA, USDA, KHC and Fannie Mae


New Manufactured Home Conventional Product
Announced at KHC’s Lender Luncheon last week, effective with reservations as of March 12, 2018, KHC will now allow manufactured homes with its conventional products, which is an exclusive for HFAs. This product has the same 660 credit score and ratios 40/50 as our conventional products, and can be used with new and existing properties.
Additionally, KHC will allow 95/105 percent CLTV. National Mortgage Insurance and Mortgage Guaranty Insurance Corporation have approved of this product, other mortgage insurance companies are currently reviewing it, but the loan can be used with our preferred risk (without mortgage insurance) product as well. KHC’s program guides have been updated to reflect this change. 
When reserving the conventional program for a manufactured home, choose either Preferred MH or Preferred Risk MH with or without DAP in KHC’s loan reservation system.



Kentucky USDA Rural Development Loans

via Kentucky SDA Rural Development LoansU

How to get a Kentucky VA Home Loan Eligibility Requirements answered?

via VA Home Loan Eligibility Requirements


VA home loans can be used to:
– Buy a home, a condominium unit in a VA-approved project
– Build a home
– Buy a manufactured home and/or lot
VA Home loan is a government guarantee for a portion of the home loan, it is not a guarantee that you will receive a loan.  You still need to have:
Suitable Credit.  Due to the government guarantee for a portion of the loan, this allows lenders greater flexibility on credit scores.  In today’s lending climate, most VA lenders require a score of at least 620. If your spouse will be obligated on the loan, he or she will need to hit the same benchmark.
The average FICO score for VA borrowers is 708, compared to 750 to 770 scores for conventional loans backed by Fannie Mae and Freddie Mac, respectively,
Sufficient Income to qualify for the amount you are requesting.
In order to apply for the VA Loan one needs to get  ” A certificate of Elgibilty” This verifies to the lender that you qualify for a VA backed home loan.
Many lenders will help get the Certificate for you or you can apply for it online by going to the veterans affairs portal. You will need your DD 214 or if you are still on active duty  you will need a statement of service.
The home that is being purchased must be occupied by the veteran/active duty member.
Veteran Must have been discharged under conditions other than dishonorable and meet the service requirements below
Each era has its own specific requirement, so be careful to match your service dates with  eligibility requirement.
If one is still on active duty or are currently serving in the Reserve or national guard the below are the requirements.
If one is on active duty in order to qualify you need to have served at least 90 continuous days
As a Reservist or National Guard member one needs to have at least 90 days active duty.  Another way to become eligible is to have served at least 6 years as a reservist or national guardsman and been honorably discharged. There are several other ways that one can qualify as outlined  below.
 VA website has more detail eligibility guidelines.  go to gov
The VA Home Loan program is one of the better benefits we as veterans receive. I should know, I have used this program to purchase my own home.
This is just one in series of information videos that details the VA Home Loan Program. I hope that the information in this one has been helpful.
As Always, If you have any questions, regardless of your location feel free to call or contact me.  Thank you and God Bless.

Louisville Kentucky Mortgage Rates

Kentucky State Mortgage Rates
khc down payment assistance
Loan Limits for FHA
louisville ky fha seller contributions
Louisville Ky Home Loans

Kentucky FHA Mortgage Loans Guidelines

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Top Reasons to Consider a Kentucky VA Mortgage Loan for Veterans and Active Duty borrowers in Kentucky

via Top Reasons to Consider a VA Loan As a Veteran


VA Funding Fee, VA Guidelines, VA Mortgage Rates | Tagged Active duty, Fort Knox, Kentucky, kentucky va loan, kentucky va mortgage, kentucky va rates, Lenders, louisville, louisville ky va mortgage, Mortgage, Mortgage loan, real estate, United States Department of Housing and Urban Development, United States Department of Veterans Affairs, usda, va, va home loan, VA loan, VA Mortgage, Veteran

Who is eligible for Kentucky VA Home Mortgage loans?

via Who is eligible for Kentucky VA loans?

Kentucky Housing Foreclosure List of Homes for Sale.

via 2018 Kentucky Housing Foreclosure List of Homes for Sale.

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kentucky first time homebuyers blog21761381_10213420287038137_3323540225103691329_n (1)closure List of Homes for Sale.