Author: Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans
Thank you for visiting. I hope you find this website both informative and empowering as you explore your mortgage options. My goal is to help you feel confident in selecting the right home loan for your unique situation. I proudly serve all 120 counties in Kentucky, offering a full range of mortgage loan programs, including: FHA Loans VA Loans USDA Rural Housing Loans Fannie Mae Conventional Loans KHC Down Payment Assistance Programs With over 20 years of lending experience, I’ve had the privilege of helping more than 1,300 Kentucky families achieve their homeownership goals. Whether you're a first-time homebuyer or seeking a second opinion, I’m here to offer honest, no-pressure advice—always free of charge. I am dedicated to: Attending as many closings as possible Providing responsive, personalized service Ensuring quick, efficient, and accurate loan processing Making myself accessible every step of the way I've been consistently recognized as a top mortgage loan officer in Kentucky for VA, FHA, USDA, and KHC programs. I take pride in being thorough, transparent, and attentive with each and every client. Please take a moment to read my reviews below. If you have questions or need guidance, feel free to call or text me directly. Call/text at 502-905-3708. Free Mortgage Pre-Qualifications same day on most applications.
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, 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/p>
call/text phone: (502) 905-3708 kentuckyloan@gmail.com Company ID #1738461
EQUAL HOUSING LENDER
http://www.mylouisvillekentuckymortgage.com/
FHA has published guidance for lenders during the current market environment. Appraisal Guidance
FHA will allow the Exterior Only and Desktop appraisal options. Originators and appraisers are expected to familiarize themselves with FHA’s adaptation requirements. All appraisals must still be run through FHA’s EAD portal. (Please note that a 2055 or 1072 cannot be sent through the EAD portal).
If a Desktop appraisal is deemed to be the best option – Home Point will require a photo of the exterior of the home and each comparable. Appraisers may use public records or other reliable sources (such as MLS) for these photos. Income Guidance
FHA will allow the use of an email correspondence from the employer’s work email as reverification of employment. The existing Home Point requirement for an additional Reverification dated within 48 business hours of closing still applies and only the email option listed above…
No Down Payment Requirement on Kentucky VA Jumbo Loans!
KENTUCKY VA HOME LOANS
Kentucky VA Lending Guide
Kentucky VA Mortgage Streamline Refinance Information
How To Qualify For An Kentucky VA Loan
JOEL LOBB, MORTGAGE BROKER FHA, VA, KHC, USDA
No Down Payment Requirement on Kentucky VA Jumbo Loans!
What are Kentucky VA Loan Limits?
VA loan limits follow FHFA county loan limits ($510,400 for conforming 1-unit properties in most parts of the country). High Cost county loan limits are now up to $765,600 (1-unit).
To clarify, these “limits” are not a cap on how much your client can borrow – it simply has represented the loan amount that can be borrowed without a down payment. Veterans who can qualify for larger loans can exceed these county limits. Loan amounts exceeding the base conforming limit are considered Jumbo transactions.
Prior to January 1st, all Veterans exceeding base or high cost loan limits were responsible for the additional loan amount in the form of a down payment (25% of the difference between the loan amount and the county loan limit).
KENTUCKY VA LOAN FEATURES
✓ Up to 100% financing available**
✓ No monthly private mortgage insurance
✓ Seller concessions up to 4% of the reasonable value of the property
✓ Credit scores as low as 580 FICO in Kentucky
✓ Must be a veteran, active duty or reserve member to be eligible
✓ Manufactured homes allowed
✓ 90% cash out refinance available
✓ Non traditional credit
✓ Consistently one of the top 5 Kentucky loan officers 0
✓ Has helped hundreds of VA families find their home in Kentucky
✓ Personal ties to veterans and active duty members and former Army Tanker that has a VA loan and done over 200 Kentucky VA loans.
Kentucky VA loans require little to no money down. Also, you will not pay a monthly mortgage insurance premium (MIP) or an upfront fee like you would with a conventional, low-down-payment home loan.
The VA does not have a private mortgage insurance (PMI) requirement.
Kentucky VA Loan Eligibility Requirements
Only certain veterans and their spouses qualify for VA-backed mortgages. The good news is the qualifications are not as strict as you think. Here are the VA’s eligibility requirements:
• Active-duty service for 181 days during peacetime
• Active-duty service for 90 consecutive days during wartime
• Member of the Reserves or National Guard for six consecutive years
• Married to a veteran who died as a result of a service-connected disability or in the line of duty
Remember that it is ultimately up to the lender to decide to give you a loan. You will still…
Kentucky VA loans are typically the best solution for our honored veterans and service members. Contrary to popular belief, VA loans are fairly easy to process and tend to not be any more complicated than any other loan program that we offer.
Here are some of our favorite features of Kentucky VA loans:
No Down Payment – VA is a true 100% financing loan with no minimum investment required.
No Monthly Mortgage Insurance – VA loans do not require monthly mortgage insurance, providing significant cost savings to our Veterans. They do require an upfront Funding Fee of 0 to 3.6% that is paid directly to the VA. This funding fee is financed into the loan and may be waived for some buyers based on their scenario.
Credit scores – Interest rates and underwriting requirements are less credit score sensitive than other loan programs. In some scenarios, we are able to lend to buyers…
Kentucky VA loans are typically the best solution for our honored veterans and service members. Contrary to popular belief, VA loans are fairly easy to process and tend to not be any more complicated than any other loan program that we offer.
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 