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HOW DO I GET MY CREDIT SCORE THAT MATTERS
Source: HOW DO I GET MY CREDIT SCORE THAT MATTERS What factors influence how long it takes to repair your credit? When a new client comes into our office to first go over their credit repair plan, they always ask the question, “How long will it take to bring my score back up?” Of … Continue reading HOW DO I GET MY CREDIT SCORE THAT MATTERS
Kentucky Homebuyer Loan Options for 2019.
First Time Home Buyer loans in Louisville, Kentucky for 2019. FHA, VA, USDA and KHC Down Payment Assistance.
Kentucky Homebuyers Down Payment Grants
Down Payment Closing Cost Assistance
KHC recognizes that down payments, closing costs, and prepaids are stumbling blocks for many potential home buyers. Here are several loan programs to help. Your KHC-approved lender can help you apply for the program that meets your need.
Regular DAP
- Purchase price up to $314,827 with Secondary Market.
- Assistance in the form of a loan up to $6,000 in $100 increments.
- Repayable over a ten-year term at 5.50 percent.
- Available to all KHC first-mortgage loan recipients.
Affordable DAP
- Purchase price up to $314,827 with Secondary Market.
- Assistance up to $6,000.
- Repayable over a ten-year term at 1.00 percent.
- Borrowers must meet Affordable DAP income limits.
via Kentucky Homebuyers Down Payment Grants for 2019
Here are action steps you can take right now to buy a home in Kentucky in 2019
1. Focus on your credit score
FICO credit scores are among the most frequently used credit scores, and range from 350-800 (the higher, the better). A consumer with a credit score of 750 or higher is considered to have excellent credit, while a consumer with a credit score below 620 is considered to have poor credit.
To qualify for a mortgage and get a low mortgage rate, your credit score matters.
Each credit bureau collects information on your credit history and develops a credit score that lenders use to assess your riskiness as a borrower. If you find an error, you should report it to the credit bureau immediately so that it can be corrected.
2. Manage your debt-to-income ratio
Many lenders evaluate your debt-to-income…
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How Much House Can I Afford? [INFOGRAPHIC]
Source: How Much House Can I Afford? [INFOGRAPHIC]
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 