FHA Loan Qualifying Summary


FHA Loan Qualifying Summary.

Advertisements

Kentucky FHA Loan Qualifying Summary


Kentucky FHA Loan Qualifying Summary

 

Kentukcy FHA Loan Qualifying Summary
…………………………………………………………………….

Kentucky FHA loans are the easiest type of real estate mortgage loan to qualify for. The FHA loan requirement guidelines for loan qualification are the most flexible of all mortgage loans that require less than 5% down payment.

Basic Kentucky FHA loan requirements.

  • Two Years of steady employment,
  • Last two years Income should be the same or increasing.
  • Credit report should typically have less than two thirty day lates in last two years with a minimum credit score of 580 or higher or in some cases no credit score at all.
  • Bankruptcy’s must be at least two years old, with perfect credit since discharge.
  • Foreclosure’s must be at least three years old, with perfect credit since.
  • Your new mortgage payment should be approximately 30% of your gross (before taxes)  income.

These are some of the most basic of Kentucky FHA loan requirements  for qualifying for a Kentucky FHA loan.  If   you have answered yes to most of these statements, you probably qualify for a FHA mortgage loan.

Get prequalified for a FHA loan >> Here – or-  Apply now for a FHA loan >> Here.

If you are unsure about your credit score or credit report, you can get a free credit score and view your credit report online instantly.

Following are some hyperlinks to some more detailed descriptions of Kentucky FHA guidelines for qualifying for a Kentucky FHA loan. Please click on the item that you require additional information on FHA requirements.

Related Articles

Louisville KY Mortgage Rates (via Louisville Ky Mortgage Rates)


Add your comments (optional)http://www.buying-your-first-home.com/kentucky-first-time-home-buyer-louisville-ky.html

Louisville KY Mortgage Rates Louisville KY Mortgage Rates   Louisville Kentuckly  Mortgage rates have fluctuated as a result of declining Louisville KY housing prices and decreasing available credit. People are having a hard time finding good Louisville KY mortgage lenders and good Louisville Ky mortgage brokers to trust with their financial future. When times are tough and you don't know where to turn, it's still possible to find the Louisville KY best mortgage rates. I res … Read More

via Louisville Ky Mortgage Rates

FEMA arrives to talk to Kentucky flood victims – FOX41.com Louisville News Kentucky Indiana News Weather Sports


FEMA arrives to talk to Kentucky flood victims – FOX41.com Louisville News Kentucky Indiana News Weather Sports.

National Mortgage News – GOP Wants to Hike FHA Downpayments, Legislation on the Way


National Mortgage News – GOP Wants to Hike FHA Downpayments, Legislation on the Way.