Category: Fannie Mae Homepath Home
Kentucky Approved HUD Home Inspector List below I
HUD’s Inspector Roster was eliminated effective August 2, 2018, as announced in Federal Register Docket No. FR-5457-F-02, dated July 3, 2018.
Inspectors as of 12/21/2018
(45 records were selected, 45 records displayed.)
|Name||ID Number||Address||Phone||Status||Approval State|
|WILOUGHBY, DANNY G||A022||215 CLUB OAK COURT
LOUISVILLE, KY 40223
|AUBREY, DELMUS||A380||3903 BOWMAN LANE
CHATTANOOGA, TN 37416
|PAPPERT, CHRIS F||A901||4880 MARYBROOK DR
KETTERING, OH 45429
|EPLING, RICHARD J||B387||121 NORTH CUMBERLAND ST
MORRISTOWN, TN 37814
|FLICK, FERDINAND J||B637||3771 POWNER RD
CINCINNATI, OH 45248
|TOLLIVER, JAMES R||B931||POST OFFICE BOX 304
MOUNT WASHINGTON, KY 40047
|JONES, TIMOTHY E||C894||6960 US RTE 52
RIPLEY, OH 45167
|HUFF, TONY||D730||2200 AIRPORT RD, SUITE 60
OWENSBORO, KY 42301
|GILBERT, DOUGLAS W||E074||225 SUBSTATION ST
LONDON, KY 40741
|MCCRACKEN, GARY D||E404||403 SUNSET DR
LAWRENCEBURG, KY 40342
|CONNOLLY, MICHAEL||E412||508 MARCIA AVE
HAMILTON, OH 45013
|HOLLAND, CHARLES T||F096||405 GLENVIEW HTS
NEW ALBANY, IN 47150
|HOLLAND, CHARLES T||F096||405 GLENVIEW HTS
NEW ALBANY, IN 47150
|CARR, THOMAS F||G177||2805 KEARNEY CREEK LANE
LEXINGTON, KY 40511
|SCHUTZMAN, JOSEPH A||H965||2472 KREMERS LANE
VILLA HILLS, KY 41017
|TERRY, WAYNE||I920||253 MASSEY LANE
CARYVILLE, TN 37714
|VOTOLATO, FRANK J||I969||266 NORWOOD DRIVE
EAST BERNSTADT, KY 40729
|TODD, WILLIAM||J716||129 DONNA DRIVE
HOPKINSVILLE, KY 42240
|BUTCHER, BRAD S||J980||PO BOX 996
SOMERSET, KY 42503
|SWINDLER, ROBERT M||K001||1811 ABERDEEN DRIVE
LOUISVILLE, KY 40205
|POYNTER, DARRELL F||K421||1244 BETHLEHEM ROAD
PARIS, KY 40361
|GREGORY, WILLIAM||M043||5945 ABBOTT DR.
NASHVILLE, TN 37211
|ELKINS, HUGH||M320||P.O. BOX 627
RUSSELLVILLE, AL 35653
|YOUNG, DON L||N031||160 FERNWOOD DRIVE
LONDON, KY 40741
|BOTTS, KENNETH G||N291||720 HIGHLAND AVE
FLATWOODS, KY 41139
|ROHRBACK, JEFF L||N729||1081 SULPHUR WELL ROAD
NICHOLASVILLE, KY 40356
|KIPER, TROY K||N939||5101 MT HOLYOKE DRIVE
LOUISVILLE, KY 40216
|JONES, ROBERT B||Q082||100 RACHELS COURT
HENDERSONVILLE, TN 37075
|PARSON, JOSEPH A||Q297||450 BASELINE DRIVE
MOREHEAD, KY 40351
|SHRUM, JERRY||S012||605 GAYLEMORE
GOODLETTSVILLE, TN 37072
|WILDER, LARRY||S017||1224 MELINDA FERRY ROAD
BULLS GAP, TN 37711
|HARDEN, LES H||S289||33 LUMLEY AVE
FORT THOMAS, KY 41075
|WOOSLEY, DWAINE||T023||6210 ELANOR COURT
FLOYDS KNOBS, IN 47119
|BRUNS, SCOTT A||T967||339 BRIARCLIFF ROAD
DAYTON, OH 45415
|WRIGHT, GARY||U254||97 TOLLGATE TRAIL
LONGWOOD, FL 32750
|CAMPBELL, ERNEST||U433||802 BUFFALO ST., #12
JOHNSON CITY, TN 37604
|CARPENTER, BOBBY M||V373||5 BATH AVENUE
OWINGSVILLE, KY 40360
|SCOTT, THAD W||W658||4569 LONGBRIDGE LN
LEXINGTON, KY 40515
|SPEARS, JAMES C||W717||143 TUFTS LN
FAKKUBG WATERS, WV 25419
|GAGE, KERRY R||X236||195 MITCHELL DRIVE
VINE GROVE, KY 40175
|CLOYD, RUSSELL G||X533||10960 EAST BEND RD
UNION, KY 41091
|POYNTER, ROBERT||X985||4389 MARY INGLES HIGHWAY
COLD SPRING, KY 41076
|CHILDERS, MICHAEL S||Y141||185 RAVENSWOOD DRIVE
ELIZABETHTOWN, KY 42701
|BOWLING, JACK J||Z723||P.O. BOX 88
BONNYMAN, KY 41719
|COREY SR, DAVID L||Z912||777 LOCKHOUSE ROAD
FALLING WATERS, WV 25419
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#57916http://www.nmlsconsumeraccess.org/
— Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. The content in this marketing advertisement has not been approved, reviewed, sponsored or endorsed by any department or government agency. Rates are subject to change and are subject to borrower(s) qualification.
What is the Welcome Home Program?
The Welcome Home Program (WHP) offers grants to fund reasonable down payments and closing costs incurred in conjunction with the acquisition or construction of owner-occupied housing by low- and moderate-income homebuyers. The grants are limited to $5,000 per homebuyer and Members are subject to an aggregate limit of $200,000 per offering. All funds are reserved for specific homebuyers purchasing specific homes and cannot be transferred to other homebuyers or to other homes. Welcome Home funds will be available for reservation on a first-come, first-served basis beginning at 8:00 AM ET on March 1, 2018, and will remain available until all funds have been reserved.
Who Can Use the WHP?
The FHLB has established a set-aside of Affordable Housing Program (AHP) funds to help create homeownership. These funds are available to Members as grants to assist their mortgage loan applicants in the home buying process. This is our most widely used program, ideally suited to the needs of community lenders and their customers.
What are the Program Requirements?
Below is an abbreviated list of program eligibility requirements:
All eligible property assisted with WHP funds is subject to a five-year retention mechanism (Retention Agreement), which may require the household to repay all, or a portion, of the subsidy, if the home is sold or refinanced within five years from the closing of the transaction.
How Do I Apply?
Reserving WHP Funds
Homebuyers must apply with one of our Member institutions. Click here to search our Member Directory.
Members may reserve funds via the Welcome Home Program link through the FHLB’s Members Only portal by submitting an online Reservation Request with supporting documentation. Instructions for accessing Members Only may be found here.
The FHLB will perform a preliminary review of the Reservation Request and the documentation submitted to determine eligibility of the homebuyer, availability of funds in the program, and availability of funds for the Member. If any of the information is incomplete, additional documentation or information may be required. Note: The Reservation Request will be denied upon receipt if a fully executed loan application is not included.
Written notification will be provided to the Member as to the homebuyer’s eligibility. Submission of a Reservation Request does not constitute an approval of funds. Funds are reserved only upon written notification of approval from the FHLB.
Please allow four weeks for the FHLB to review the Reservation Request and supporting documentation.
Disbursing WHP Funds
Welcome Home funds will only be disbursed after closing. The FHLB has some general guidance and specific instructions that Members and Closing Agents should use in closing mortgages using Welcome Home funds. Funds will be disbursed only to the extent they are required to fill the gap for down payment, closing costs, and counseling fees.
Members may submit a Request for Payment of Reserved Funding with supporting documentation via the Welcome Home Program link through the FHLB’s Members Only portal. Submission of a Request for Payment of Reserved Funding is not an approval of funds disbursement. Once the Request for Payment of Reserved Funding has been reviewed and approved, funds will be disbursed to the Member.
In the event the FHLB determines that funds were used for an ineligible expense, the grant will be reduced by the amount of the ineligible expense unless the household brings adequate funds to the closing to cover the amount of the ineligible expense. Under no circumstances will cash back to the homebuyer be permitted.
Please allow four to six weeks for the FHLB to review the Request for Payment of Reserved Funding and supporting documentation.
Additional Information and Technical Assistance
Documentation requested by the FHLB must be emailed to email@example.com. Any documentation requiring an original signature must be mailed to:
Welcome Home Program
P.O. Box 598
Cincinnati, OH 45201-0598
For more information or assistance, please contact the Housing & Community Investment Department at (513) 852- 7680 or toll-free (888) 345-2246 or email us at firstname.lastname@example.org.
For assistance with Members Only, please contact the Service Desk at 800-781-3090.
Fannie Mae recently announced some changes to the Selling Guide. The following changes are effective immediately for loans submitted to Crescent under Fannie Mae’s requirements.
Student Loan Payments
If a payment is provided on the credit report, that amount can be used for qualifying purposes. If the credit report does not identify a payment amount (or reflects $0), the lender may use either 1% of the outstanding balance, or a calculated payment that will fully amortize the loan based on documented loan repayment terms.
Debts Paid by Others
Documentation requirements to exclude a NON-MORTGAGE debt from qualifying ratios have been simplified. Non-mortgage debts included installment loans, student loans, and other monthly debts as defined in the Fannie Mae Guide. When documentation is provided to show the debt has been satisfactorily paid by another party for the past 12 months, then the debt can be excluded from the debt-to-income ratio calculation. This applies regardless of whether the other party is obligated on the loan.
NOTE: This does not apply if the other party is an interested party to the subject transaction such as the seller or realtor.
Student Loan Cash-out Refinance
The update introduces the student loan cash-out refinance feature, which provides the
opportunity to pay off one or more student loans through the refinance transaction. The loan level price adjustment that applies to cash-out refinance transactions is waived when are all requirements for this feature have been met.
The student loan cash-out refinance feature contains elements of both a cash-out refinance and a limited cash-out refinance transaction as described in the table that follows.