Category: 100% Financing

2023 Welcome Home Grant Program for Kentucky Home Buyers $10,000
Kentucky Welcome Home Grant for $10,000 for 2023 Kentucky Home Buyers for Down Payment Assistance.

Foreclosure Guidelines for FHA Mortgage Loans in Kentucky

FHA Loans in Kentucky with Foreclosure in the Past:
3 years from transfer date on Commissioner’s or Transfer deed must have elapsed prior to case number assignment date
An exception to the 3 year requirement may be granted if the foreclosure was caused by extenuating circumstances beyond the borrower’s control such as a serious illness or death of a wage earner and the borrower has re-established good credit since the foreclosure. If the exception is granted, the loan must meet all manual underwriting guidelines.
Divorce is not an extenuating circumstance however an exception may be granted if the mortgage was current at the time of the borrower’s divorce and the ex-spouse received the property and the mortgage was later foreclosed.
Inability to sell the property due to job transfer or relocation is not considered an extenuating circumstance
3 years from transfer of title. Case number assignment cannot be ordered until the wait period has elapsed
Same Extenuating Circumstance criteria as Foreclosures
Pre-Foreclosure (Short Sale) exception for Borrower Current at the Time of Short Sale
All mortgage payments on the prior mortgage were made within the month due for the 12 month period preceding the Short Sale;and
All installment debt payments for the same time period were also made within the month due
Exceptions to the 3 year wait time must follow manual guidelines

Credit Scores for Kentucky Mortgages
LOUISVILLE KENTUCKY MORTGAGE BROKER OFFERING FHA, VA, USDA, CONVENTIONAL, AND KHC ZERO DOWN PAYMENT HOME LOANS
Kentucky Mortgage loan Zero down home loans Credit score Refinancing VA loan Kentucky Housing Corporation Louisville Kentucky FHA loan Loan

DEBT RATIO, FANNIE MAE HOMEPATH, FAQ’S ABOUT KENTUCKY FHA HOME LOANS, FHA LOANS KENTUCKY HOUSING FIRST TIME HOME BUYER, FHA MORTGAGE GUIDE, FIRST TIME HOME BUYER LOANS–KENTUCKY, INCOME, KENTUCKY FANNIE MAE HOMEPATH, KENTUCKY FIRST TIME HOME BUYER GRANTS AND DOWNPAYMENT ASSISTANCE, KENTUCKY MORTGAGE RATES FHA VA KHC, KENTUCKY USDA LOANS, KHC RATES KENTUCKY HOUSING RATES, LOUISVILLE KENTUCKY, LOUISVILLE KY FHA LOANS, NO MONEY DOWN MORTGAGE LOUISVILLE KENTUCKY KENTUCKY HOUSING CORP 30 YEAR FIXED, OVERTIME OR BONUSES, PART-TIME INCOME, USDA/RURAL HOUSING, VA LOANS