Same day credit pull, 2 different scores


Source: Same day credit pull, 2 different scores

 

 

 

Advertisements

Fannie Mae recently announced some changes to student loans that will help more Kentucky Home Buyers Qualify.


aaaf9a21b3b923d060abfeabaaf30469

 

 

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.

if you have questions about qualifying as first time home buyer in Kentucky, please call, text, email or fill out free prequalification below for your next mortgage loan pre-approval.
nmls-ca-button-e1415992123657-1

Fill out my form!


Posted By Blogger to Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage

 

The 23 Questions We Asked at Mortgage Pre-Approval


 

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

 

8 New Fannie Mae Homes in Kentucky


13087454_449094535279282_2985795148040250532_n-1

 

HomePath

You have subscribed to receive alerts in Kentucky.

$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.

View Property

$119,000Active

120 Ridgemont Rd
Paducah, KY 42003

3 Beds |3 Baths | 2429 sq. ft.

View Property

Coming Soon

1004 Alexander Loop
Mayfield, KY 42066

3 Beds |2 Baths | 1914 sq. ft.

View Property

Coming Soon

912 Cuba School Rd
Mayfield, KY 42066

3 Beds |2 Baths | 1284 sq. ft.

View Property

Coming Soon

2725 Grand Ave
Louisville, KY 40211

3 Beds |1 Baths | 1199 sq. ft.

View Property

Coming Soon

3432 Peleske Dr
Louisville, KY 40216

3 Beds |1 Baths | 1511 sq. ft.

View Property

Coming Soon

10520 Pinoak View Dr
Louisville, KY 40299

3 Beds |2 Baths | 1402 sq. ft.

View Property

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

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 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

Buying a home after a short sale, foreclosure, or bankruptcy using a Conventional Fannie Mae Loan


Buying a home after a short sale, foreclosure, or bankruptcy

Conventional Fannie Mae  Agency Guidelines below

Short Sale
Deed-In-Lieu of Foreclosure:

4 years from completion date
If extenuating circumstances exist:
• DU: 2 years from completion date
• LP: 2 years from completion date on owner occupied purchase or non-cash out refi nance only,
max 90% LTV or max LTV per program

Bankruptcy:

Chapter 7 or 11
4 years from discharge or dismissal date.
If extenuating circumstances exist – 2 years from discharge or dismissal date.
Bankruptcy: Chapter 13
4 years from dismissal date (borrower did not complete the Chapter 13 plan) or 2 years from
discharge date.
If extenuating circumstances exist – 2 years from discharge or dismissal date.
Multiple Bankruptcy Filings
within the last 7 years
5 years from the most recent discharge date or dismissal date.
If extenuating circumstances exist – 3 years from discharge or dismissal date.

Foreclosure

7 years from completion date of foreclosure action as reported on the credit report or other
foreclosure documents*
If extenuating circumstances exist: 3 years from the completion date of foreclosure action as
reported on the credit report or other foreclosure documents*
• Purchase-90% or program limit, owner occupied only

Joel Lobb
Senior  Loan Officer

(NMLS#57916)

 phone: (502) 905-3708
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346

 CONFIDENTIALITY