The 23 Questions We Asked at Mortgage Pre-Approval


 

Source: The 23 Questions We Asked at Mortgage Pre-Approval

 

Credit Scores Needed To Qualify For A Kentucky Mortgage Loan Approval?


 

 

Credit Scores Needed To Qualify For A Kentucky Mortgage Loan Approval
Credit Scores Needed To Qualify For A Kentucky Mortgage Loan Approval

unnamed-15

Credit Scores Needed To Qualify For A Kentucky Mortgage Loan Approval

Source: Credit Scores Needed To Qualify For A Kentucky Mortgage Loan Approval?

Kentucky Housing Down Payment Assistance for 2015 DAP funds for KY First Time Home Buyers


Kentucky Housing Down Payment Assistance for 2015 DAP funds for KY First Time Home Buyers.

 

Down Payment Assistance Program for Jefferson County Kentucky Louisville


Down Payment Assistance Program for Jefferson County Kentucky Louisville.

Louisville Ky Down Payment Assistance Mortgage Program


Louisville Ky Down Payment Assistance Mortgage Program.

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 Minimum Credit Score, Maximum Debt Ratio 45%
Property Eligibility
  • Purchase price limit: $243,000
  • Owner Occupied Transactions Only
  • One-unit, SFR (attached or detached), new or existing property located in Kentucky.
  • May own other real estate at closing except with Conventional No MI program
  • Borrower(s) must qualify with inclusion of the second home or investment property monthly payment.

Manufactured Housing

  • FHA Transactions Only, Doublewides Only
  • Affidavit of Conversion of Real Estate is required
  • An engineer’s certification report is required verifying the property meets the guidelines published in the Permanent Foundations Guide for manufactured housing.

Condominiumns

  • Condominium or PUD’s must follow agency guidelines
  • For FHA, condominium must be listed on HUD’s website as approved
  • For Conventional No MI, must be approved by Fannie Mae
  • KHC website has a condo list. This list must be used to determine if additional interior insurance coverage is required. This does not warrant that the condo is approved by HUD or Kentucky Housing. If condo is not listed, proof of whether the interior coverage is included in the master policy is required. If not, a separate interior policy equal to half of the total loan amount is required

 

Down Payment Assistance Program
Regular DAP
  • Income Limits must meet secondary market limits
  • Eligible on new and existing properties
  • Allowed up to $6,000. Must go maximum LTV allowed on first mortgage amount. The Conventional NO MI program can go to 95% LTV
  • Terms: 5.50% amortized over 10 years
Regular DAP
  • Income limits must meet Affordable Income Limits. Income limits for the Affordable DAP are determined off of Household Income
  • Eligible on new and existing properties
  • Allowed up to $4,500. Must go maximum LTV allowed on first mortgage amount. The Conventional No MI program can go to 95% LTV
  • Terms: 1% amortized over 10 years

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
 Company ID #1364 | MB73346

 

Kentucky Housing Mortgage Rates for January 2014


KHC Kentucky Housing Mortgage Rates Currently for 2014

KHC Conventional No Down payment Assistance Program (DAP) interest rates have decreased, effective immediately

Interest Rate:  2.50% without Down Payment Assistance

                      2.75% 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, Maximum ratios of 40/45% with AUS Approval

 
KHC Conventional No Down payment Assistance Program (DAP) interest rates have decreased, effective immediately

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

 Company ID #1364 | MB73346