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Kentucky USDA Mortgage Loans down to a 620 Credit Score.
620 credit score USDA Loan Kentucky
| USDA 620+ MIN FICO NO OVERLAYS!!!!(GUS ACCEPTS AND REFERS) |
 620+ MIN FICO– REFERS AND GUS ACCEPTS!
620+ GUS ACCEPTS – NO OVERLAYS – follow GUS findings 101% LTV of appraised value Ratios to 32/44 w/ 620+ and GUS approval w/ comp. factors for debt waiver 0.35% Annual Fee, 1% Guarantee Fee We Accept Transfer Appraisals – No Problem on all loans File sent to docs within 24 Hours of Receipt of the RD commitment 620+ – GUS Accept – must have 2 trades for 12 months(open/closed)- or manual downgrade |
| ____________________GUS Refers___________________ |
| 620- scores OK!29/41 max ratios VOR or 12 months cancelled rents checks required Tradelines or alt tradelines required Medical collections & charge off accounts ignored – consumer collections follow HUD $2000 guidelines (Call us for details!) Minimal lates allowed… |
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Northern Kentucky Mortgage Guidelines for the USDA Rural Housing Loan Home Program
If you are looking to buy a home in Northern Kentucky, to either own a home on acreage in the country with 100% financing on your home loan with zero down, then you need to look at the Kentucky USDA Rural Housing Loan Program.
Bankruptcy and VA Guidelines for Kentucky Mortgage Loan Approval
bankruptcy and mortgage loan approval
How soon can you qualify for a Kentucky VA loan after a Chapter 7 or 13 Bankruptcy?
How Soon Can You Qualify for a VA Loan after a Chapter 7 or Chapter 13 Bankruptcy in Kentucky?
As a reminder, these are the basic differences between bankruptcies which impact VA qualifying differently:
- Chapter 7 Bankruptcy: you ask the bankruptcy court to discharge most of the debt you owe
- Chapter 13 Bankruptcy: you file a repayment plan with the bankruptcy court to pay back all or a portion of your debts over time.
So, does the type of bankruptcy filed affect VA loan qualifying? The answer is YES, it most definitely does.
How soon can you qualify for a VA loan after a Chapter 7 Bankruptcy?
- Chapter 7 Bankruptciesdischarged more than two years ago from the date of closing for purchases and refinance…
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Who is eligible for a Rural Housing Loan in Kentucky?
Who is eligible for a Rural Housing Loan in Kentucky?
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 