KY USDA Single Family Housing Homes for Sale


via Kentucky USDA Single Family Housing Foreclosed Homes For Sale 2018

 

Kentucky USDA Single Family Housing Homes for sale 02/22/2018
Address Bed/Bath Price
535 Hillview st 3/1 $35,510.00 – GovtBid
Grayson, KY 411431462 Foreclosure Sale
213 State Route 716 3/2 $50,710.00 – GovtBid
Ashland, KY 41102 Foreclosure Sale
1069 Raccoon Rd 3/2 $102,475.00 – GovtBid
Raccoon, KY 41557 Foreclosure Sale
217 Brooks Street 3/1.5 $43,755.00 – GovtBid
Cynthiana, KY 41031 Foreclosure Sale
12171 River Rd. 3/2 $67,525.00 – GovtBid
Campbellsburg, KY 40011 Foreclosure Sale
1718 Amos Ridge Rd 3/1 $53,190.00 – GovtBid
Frenchburg, KY 40322 Foreclosure Sale
121 Jellico Drive 3/2 $105,765.00 – GovtBid
Coxs Creek, KY 40013 Foreclosure Sale
1553 Harrodsburg Road 3/1 $33,500.00 – GovtBid
Lawrenceburg, KY 40342 Foreclosure Sale
777 KY Highway 801 S 3/3 $50,920.00 – GovtBid
Morehead, KY 40351 Foreclosure Sale
114 Mary Street 2/2 $75,345.00 – GovtBid
Winchester, KY 40391 Foreclosure Sale
2185 State Highway 1661 3/2 $53,600.00 – GovtBid
grayson, KY 411436823 Foreclosure Sale
240 hugh St 3/2 $24,790.00 – GovtBid
Grayson, KY 411431911 Foreclosure Sale
5526 Stinson Fork 3/1 $24,120.00 – GovtBid
Rush, KY 41168 Foreclosure Sale
121 Blue Bird Rd. 3/1 $20,502.00 – GovtBid
West Liberty, KY 41472 Foreclosure Sale
3311 Castle HWY 3/1 $69,475.00 – GovtBid
Pleasureville, KY 40057 Foreclosure Sale
1744 E. Gap Hill Rd. 3/2 $30,150.00 – GovtBid
Cub Run, KY 42729 Foreclosure Sale
212 Dogwood Trail 3/2 $52,930.00 – GovtBid
Shepherdsville, KY 40165 Foreclosure Sale
602 Greenhill Rd. 3/1 $40,000.00 – GovtBid
Ashland, KY 41102 Foreclosure Sale
120 Hoffman Ln 3/2 $78,795.00 – GovtBid
LaGrange, KY 40031 Foreclosure Sale
164 Parkway Dr. 2/1 $36,110.00 – GovtBid
Scottsville, KY 42164 Foreclosure Sale
203 Fuller Branch 3/2 $50,250.00 – GovtBid
Vanceburg, KY 41179 Foreclosure Sale
832 Daniels Drive 3/1 $28,140.00 – GovtBid
Worthington, KY 41183 Foreclosure Sale
175 Blue Jay Circle 4/2 $53,600.00 – GovtBid
Falmouth, KY 41040 Foreclosure Sale
113 Alexandria Cir 3/1 $47,245.00 – GovtBid
Nicholasville, KY 40356 Foreclosure Sale
514 Jamie Ridge Dr. 3/2 $56,465.00 – GovtBid
Mt Sterling, KY 40353 Foreclosure Sale
1303 Asbury St 3/1 $32,160.00 – GovtBid
Leitchfield, KY 42754 Foreclosure Sale
2300 West KY 8 3/1 $41,540.00 – GovtBid
Vanceburg, KY 41179 Foreclosure Sale
117 Dove Drive 3/1 $34,840.00 – GovtBid
Lawrenceburg, KY 40342 Foreclosure Sale
302 E. St 3/1 $37,455.00 – GovtBid
Mt. Sterling, KY 40353 Foreclosure Sale
72 Cedar Brook Court 3/1 $35,510.00 – GovtBid
Cynthiana, KY 41301 Foreclosure Sale
3487 Wallingford Rd. 3/2 $63,205.00 – GovtBid
Flemingsburg, KY 41041 Foreclosure Sale
186 Fairview Avenue 3/1 $53,600.00 – GovtBid
Lawrenceburg, KY 40342 Foreclosure Sale

 



http://www.emailmeform.com/builder/form/0bfJs9b6bK8TGoc6mQk9hIu

 

Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916
 
American Mortgage Solutions, Inc.
10602 Timberwood Circle 
Louisville, KY 40223
Company NMLS ID #1364

Text/call:      502-905-3708
email:          kentuckyloan@gmail.com

 
http://www.emailmeform.com/builder/form/0bfJs9b6bK8TGoc6mQk9hIu


Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant  Equal Opportunity Lender. NMLS#57916 http://www.nmlsconsumeraccess.org/

 

 

 

 

 

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Kentucky USDA Rural Single Family Foreclosed Homes For Sale as of 04/09/2017


Source: Kentucky USDA Rural Single Family Foreclosed Homes For Sale as of 04/09/2017

Frequently asked questions about the lending process


Source: Frequently asked questions about the lending process

Where do buyers begin?

Haley Newton, a loan officer with Starkey Mortgage in Sherman, said the first step in the buying process is not finding a house, rather it’s getting prequalified for a home loan. Buyers need to first find out how much house they can afford and if they can actually purchase a home.

“A lot them want to know what the first step is, and many people believe that the first step is finding a house, but that’s actually the second step,” Newton said. “You want to get prequalified with a local lender to know what you’re prequalified for, and then go out and find a house, which is the hard part.”

What documents do buyers need to provide to get prequalified and preapproved?

Prequalification is typically the quick and easy initial step and preapproval is a more involved process. The prequalification process starts with an application, which most lenders have available online, though Newton said buyers can call a lender or meet them in person to fill it out. After buyers fill out an application, which covers the buyers’ finances and history, the lenders will verify the information for preapproval and that requires the supporting documents.

“Once they’re prequalified, we’ll give them a list of documents they need depending on their application,” Newton said.

The list typically calls for pay stubs from the last 30 days, tax returns for the last two years, bank statements for the last two months, W-2s, IDs and Social Security cards.

Jeremy Lewis, branch manager of Grayson Home Loans, said sometimes the lender may require divorce decrees and documentation to indicate other income depending on the buyers’ situation. After preapproval, Lewis said he usually gives the buyers a call, and they figure out a loan program that best fits the buyers.

How much do buyers need for a down payment?

Short answer: It depends on the loan.

Lewis said the down payment is often the main concern for buyers, and it’s not a set amount. Depending on the loan type and what programs the buyers are eligible for, the down payment can be as little as zero down. Loans from the Federal Housing Administration, Veteran Affairs and the U.S. Department of Agriculture each have a set of stipulations that include the percentage required for the down payment.

“It depends on the loan type they’re going with — whether it be a conventional loan, an FHA loan, a VA loan or a USDA loan, it will determine what they’re going to have to place down — what their initial investment is going to be,” Lewis said. “There are still those out there out there that think they have to put 10 to 20 percent down, which is not correct. They can, in certain programs, put as little as zero down.”

Newton said there are down payment assistance programs in the state that can help cover the amount needed. These programs are income based and are capped anywhere from $55,000 to $75,000 depending on the program.

What’s the deal with closing costs?

In addition to a down payment, buyers also need funds to cover the closing costs. Lewis said the closing costs depend on the loan amount as a higher loan amount is going to cost more. About half the closing costs are directed to building the buyers’ escrow account, and the other half is a combination of fees for items such as the title and appraisal.

“Closing costs are another piece of the puzzle they’re going to have to come up with,” Lewis said. “However, in a Texas residential contract, you can ask the sellers to pay a certain percentage, depending on the loan type, for your closing costs.”

Buyers can negotiate with the sellers and ask that the seller pays a portion of the closing costs, which if the buyers qualify for a down payment assistance program, the initial costs can be very low.

“If you’re able to use the down payment assistance programs in addition to requesting the seller to pay some of their closing costs, they can actually get into a home with little to nothing down,” Newton said.

What is an escrow account?

“It kind of works like a separate checking account, and the purpose of that account is to pay the yearly tax bill that comes due every January, and their insurance premium that’s due once a year depending on when they closed on their home,” Newton said.

The initial money put into the escrow account is part of the closing costs, and Lewis said homeowners then add to it monthly when they make their house payments. The account is for buyers to put back money so property taxes and insurance are covered.

“Say when their tax bill comes due in January, there will be plenty of money in the account for them to pay their taxes, so that way they’re not coming up $2 to 3 to 5,000 all at once to pay their tax bill,” Newton said.

Can buyers purchase a home with a bad credit score?

Newton said buyers don’t necessarily need the best credit in order to get a home loan, and she noted that first-time homebuyer programs have recently lowered their credit score requirements.

“A lot people around here they don’t necessarily have bad credit, they just don’t have a lot,” Newton said. “They don’t use their credit.”

Newton said lenders will work with buyers and give them steps to take over 60 to 90 days to boost their credit score to where they can buy a home.

“It can be intimidating but we can walk them through it,” Newton said.

Buyers should consult with local lenders, and Lewis said he guides buyers through the process so they know what to expect.

“There’s so many different moving parts to a loan anymore,” Lewis said. “I try to keep everyone versed and ready for what’s to come in the process and what to expect.”

Joel Lobb
Senior Loan Officer
(NMLS#57916)

American Mortgage Solutions, Inc.
10602 Timberwood Circle, Suite 3
Louisville, KY 40223

text or call my phone: (502) 905-3708
email me at kentuckyloan@gmail.com

The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people. NMLS ID# 57916, (www.nmlsconsumeraccess.org). Mortgage loans only offered in Kentucky.
All loans and lines are subject to credit approval, verification, and collateral evaluation and are originated by lender. Products and interest rates are subject to change without notice.

Joel E Lobb
American Mortgage
5029053708
email us here

Kentucky FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans.

8 New Fannie Mae Homes in Kentucky


13087454_449094535279282_2985795148040250532_n-1

 

HomePath

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$77,900Just Listed

250 Commerce St
Hardin, KY 42048

4 Beds |2 Baths | 2210 sq. ft.

View Property

$37,500Back on Market

1618 Parkside Dr
Bowling Green, KY 42101

2 Beds |2 Baths | 1147 sq. ft.

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$119,000Active

120 Ridgemont Rd
Paducah, KY 42003

3 Beds |3 Baths | 2429 sq. ft.

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Coming Soon

1004 Alexander Loop
Mayfield, KY 42066

3 Beds |2 Baths | 1914 sq. ft.

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Coming Soon

912 Cuba School Rd
Mayfield, KY 42066

3 Beds |2 Baths | 1284 sq. ft.

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Coming Soon

2725 Grand Ave
Louisville, KY 40211

3 Beds |1 Baths | 1199 sq. ft.

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Coming Soon

3432 Peleske Dr
Louisville, KY 40216

3 Beds |1 Baths | 1511 sq. ft.

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Coming Soon

10520 Pinoak View Dr
Louisville, KY 40299

3 Beds |2 Baths | 1402 sq. ft.

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Kentucky First Time Home Buyer Mortgage Loans: Four things to know about…:

 

Fannie Mae HomePath Foreclosure listings in Jefferson County!


  You have subscribed to receive alerts in Kentucky. $99,900Just Listed 131 S Maple St Elizabethtown, KY 42701 3 Beds |2 Baths | 1668 sq. ft. View Property $79,900Price Reduced 1931 Kingtree C…

Source: Fannie Mae HomePath Foreclosure listings in Jefferson County!

Fannie Mae HomePath Foreclosure listings in Kentucky and Jefferson County!


Fannie Mae Foreclosure listings in Kentucky and Jefferson County!

Address Location Type Status Price  Beds Baths
Previous Next
350 Warren Dr
Vine Grove, KY
Single Family Just Listed $80,000 3 2 First Look Program 
348 2nd Ave
Worthington, KY
Single Family Under Contract $84,900 3 2
1591 Hwy 42 E
Bedford, KY
Single Family Active $84,900 3 2
2708 Ralph Ave
Louisville, KY
Single Family Under Contract $89,900 4 2
7826 Pleasure Walk Cir
Louisville, KY
Condo Under Contract $92,500 2 2
2006 Lancelot Dr
Somerset, KY
Single Family Active $99,900 3 2
1915 Rock Ridge Rd
Brandenburg, KY
Single Family Active $104,900 2 1
2900 Park St
Burlington, KY
Single Family Active $104,900 3 1
1804 Allston Ave
Louisville, KY
Single Family Just Listed $110,000 3 1 First Look Program 
24 Bedinger Ave
Walton, KY
Single Family Back on Market $119,900 3 2
212 Juniper Dr
Frankfort, KY
Single Family Active $119,900 3 1
2812 Chippewa Dr
Owensboro, KY
Single Family Active $119,900 3 1
424 Salt Lick Rd
Corbin, KY
Single Family Under Contract $122,500 4 2
1509 Clovernook Dr
Erlanger, KY
Single Family Under Contract $124,900 3 3
142 Deer Run Drive
Lancaster, KY
Single Family Price Reduced $128,900 3 2
6522 Cottagemeadow Dr
Louisville, KY
Condo Under Contract $134,900 3 3
156 Old Woolen Mill Ln
Lexington, KY
Single Family Under Contract $139,900 3 2
1820 Huckleberry Ln
Prospect, KY
Single Family Just Listed $140,000 3 2 First Look Program 
9958 Spruce Ln
Union, KY
Single Family Under Contract $149,900 3 2
21 Treestand Ct
Taylorsville, KY
Single Family Price Reduced $149,900 3 2
1030 Elmendorf Dr
Lexington, KY
Single Family Under Contract $149,900 4 3
122 Tracy Ln
Newport, KY
Single Family Active $157,500 3 1 First Look Program 
101 Stoney Brooke Dr
Ashland, KY
Single Family Price Reduced $159,900 6 4
4283 Weavers Run
Shepherdsville, KY
Single Family Under Contract $159,900 3 2
5714 Janet Lee Dr
Louisville, KY
Single Family Under Contract $171,900 3 2
1055 Buckland Pl
Florence, KY
Single Family Active $172,000 3 2
3344 Bluejay Dr
Erlanger, KY
Single Family Active $179,500 3 3
2589 Oregon Rd
Salvisa, KY
Single Family Active $199,900 5 5
1228 S 3rd St
Louisville, KY
Single Family Active $209,900 5 3
2845 Satin Leaf Park
Lexington, KY
Single Family Price Reduced $209,900 3 2
2371 Creedmore Ct
Burlington, KY
Single Family Active $214,900 3 3
114 Old Post Rd
Paris, KY
Single Family Just Listed $235,000 4 3
11322 Top Walnut Loop
Louisville, KY
Single Family Active $249,900 4 3
101 Helson Rd
Simpsonville, KY
Single Family Just Listed $269,900 3 2 First Look Program 
952 Bristow Rd
Independence, KY
Single Family Active $294,900 3 3
5 Saddle Ridge Trl
Alexandria, KY
Single Family Just Listed $299,900 3 4 First Look Program 
20305 Country Club Dr
Catlettsburg, KY
Single Family Active $379,500 5 4

 

 

check out the HomePath listings in Jefferson County!

Let your clients know these properties are available. Some have special incentives! Select the property address to find out more information.

Click Link to View Property 1783 BOLLING AVE
LOUISVILLE, KY 40210 

3.0 br, 2.0 ba | 1468 sq. ft.
MLS ID: 1484967

$28,500
Price Reduced
Click Link to View Property 809 S 39TH ST
LOUISVILLE, KY 40211 

3.0 br, 1.0 ba | 1523 sq. ft.
MLS ID: 1486321

$39,500
Price Reduced
Click Link to View Property 2708 RALPH AVE
LOUISVILLE, KY 40216 

4.0 br, 2.0 ba | 1945 sq. ft.
MLS ID: 1487145

$99,900
Active
Click Link to View Property 1228 S 3RD ST
LOUISVILLE, KY 40203 

5.0 br, 3.0 ba | 3862 sq. ft.
MLS ID: 1487425

$209,900
Active
Click Link to View Property 11322 TOP WALNUT LOOP
LOUISVILLE, KY 40229 

4.0 br, 3.0 ba | 2751 sq. ft.
MLS ID: 1487256

$249,900
Active
HomePath

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$99,900Just Listed

131 S Maple St
Elizabethtown, KY 42701

3 Beds |2 Baths | 1668 sq. ft.

View Property

$79,900Price Reduced

1931 Kingtree Ct
Lexington, KY 40505

3 Beds |1 Baths | 1026 sq. ft.

View Property

$34,000Price Reduced

1618 Flynns Ferry Rd
Fredonia, KY 42411

2 Beds |1 Baths | 1221 sq. ft.

View Property

$69,000Price Reduced

8621 Whites Crk
Catlettsburg, KY 41129

3 Beds |2 Baths | 1422 sq. ft.

View Property

$277,900Price Reduced

12008 Vanherr Dr
Louisville, KY 40299

4 Beds |3 Baths | 2273 sq. ft.

View Property

$39,900Active

220 Montrose Ave
Harrodsburg, KY 40330

3 Beds |1 Baths | 1273 sq. ft.

View Property

$127,750Active

313 Timberline Ct
Berea, KY 40403

4 Beds |3 Baths | 1900 sq. ft.

View Property

$49,900Active

1079 Willisburg Rd
Lawrenceburg, KY 40342

2 Beds |1 Baths

View Property

Coming Soon

11501 Flowervale Ln
Louisville, KY 40272

3 Beds |2 Baths | 1201 sq. ft.

View Property

Coming Soon

1456 Highway 1643
Somerset, KY 42501

3 Beds |1 Baths

View Property

 HomePath listings in Jefferson County!

 

Click Link to View Property 3520 RAMONA AVE
LOUISVILLE, KY 40220

3.0 br, 1.0 ba | 1080 sq. ft.
MLS ID: 1449071
 

$125,000
Just Listed
Click Link to View Property 7801 APPLEVIEW LN
LOUISVILLE, KY 40228

3.0 br, 3.0 ba | 2090 sq. ft.
MLS ID: 1449264
 

$179,000
Just Listed
Click Link to View Property 7314 SAINT ANDREWS WOODS CIR UNIT 101
LOUISVILLE, KY 40214

2.0 br, 2.0 ba | 1024 sq. ft.
MLS ID: 1449033
 

$92,500
Just Listed
Click Link to View Property 4600 FLUSHING WAY
LOUISVILLE, KY 40272

4.0 br, 2.0 ba | 1760 sq. ft.
MLS ID: 1449732
 

$129,900
Just Listed
Click Link to View Property 223 S 25TH ST
LOUISVILLE, KY 40212

4.0 br, 2.0 ba | 2228 sq. ft.
MLS ID: 1449189
 

$17,500
Just Listed
Click Link to View Property 12008 VANHERR DR
LOUISVILLE, KY 40299

4.0 br, 3.0 ba | 2273 sq. ft.
MLS ID: 1447335
 

$277,900
Price Reduced
Click Link to View Property 7615 ROSEMARY LN
LOUISVILLE, KY 40214

4.0 br, 2.0 ba | 1156 sq. ft.
MLS ID: 1447525
 

$46,800
Active
Click Link to View Property 5411 CRAMBROOK AVE
LOUISVILLE, KY 40272

3.0 br, 1.0 ba | 988 sq. ft.
MLS ID: 1447873
 

$55,000
Active
Click Link to View Property 1815 GARDINER LANE WAY 12
LOUISVILLE, KY 40205

2.0 br, 2.0 ba | 1170 sq. ft.
MLS ID: 1442428
 

$68,000
Active
Click Link to View Property 195 GLENVIEW RD
LOUISVILLE, KY 40229

4.0 br, 1.0 ba | 1075 sq. ft.
MLS ID: 1447701
 

$64,900
Active
Click Link to View Property 5317 ELISE WAY
LOUISVILLE, KY 40219

3.0 br, 2.0 ba | 1406 sq. ft.
MLS ID: 1448202
 

$84,000
Active
Click Link to View Property 1128 PLATO TER
LOUISVILLE, KY 40211

3.0 br, 2.0 ba | 1008 sq. ft.
MLS ID: 1448717
 

$38,500

2016 Kentucky Home Buyers Mortgage Guide After Foreclosures and Short Sales For FHA, VA, Fannie Mae, USDA, RHS


2016 Kentucky  mortgage waiting period for foreclosures and short sales for specific situations

Homebuyers are Ready to Buy After Foreclosures and Short Sales

Kentucky Conventional Loans

  • Foreclosures: 7 years from the foreclosure completion date (some applicants may qualify for a conventional loan only 3 years after with extenuating conditions including wage earner death, illness or job loss)
  • Short Sale/Deed in Lieu-Short Sale:
    • 7 year with less than 10% down of primary residence
    • 4 years with 10% down on the purchase of a primary residence
    • 4 years with 20% down on the purchase of a primary, secondary or investment property purchase
    • 2 years with extenuating circumstances, only with 20% down

Kentucky FHA Loans

  • Foreclosures: 3 years from the foreclosure completion date and transferred back to the lender to the credit report date
  • Short Sale: 3 years from the title transfer date

 

Kentucky VA Loans

  • Foreclosure: 2 years from foreclosure completion date and date transferred back to the lender
  • Short Sale: 2 years from previous sale closed date and new owner transfer date

 

Kentucky USDA Loans

** If the mortgage debt that was foreclosed, was included in a Bankruptcy – then the KY USDA Home Loan waiting periods after foreclosure “waiting period” of 3 years, starts from the date of the discharge of the Bankruptcy.  Because it can take 6 months or more for Banks to process the Foreclosure, and transfer title, this is a tremendous plus.

 

:    3 years from foreclosure completion date or sheriff sale of home

:    3 years from short-sale closing date

 

Homebuyers are Ready to Buy After Foreclosures and Short Sales