Navigating Kentucky Mortgage Options for New Homeowners


Mortgage Loans and Tips for Kentucky first time home buyers

How to buy a house in Kentucky with Zero Down Payment Mortgage Loan


Kentucky Housing Corporation (KHC) Loan (Best for KY Buyers Needing Assistance) Down Payment: $0 with $10,000 Down Payment Assistance (DAP) Interest Rate: ~5.75% Credit Score: 620+ Waiting Period: 2 years after bankruptcy, 3 years after foreclosure Income Limit: $168,700 Who Qualifies? First-time or income-eligible buyers in Kentucky Pros: $10,000 down payment assistance available Can be combined with FHA, VA, or USDA loans Lower interest rates than many other options Cons: Income and purchase price limits apply Requires homebuyer education course DAP is a loan, not a grant (must be repaid) Best for: Kentucky homebuyers needing down payment assistance.

Guide to Kentucky Mortgage Loan Programs for Home buyers


If you're a homebuyer in Kentucky searching for the best mortgage loan program, it's essential to understand your options. You may be interested in a conventional loan. Perhaps you are exploring government-backed programs like FHA, VA, USDA, or Kentucky Housing Corporation (KHC) loans. This guide will assist you. It will help you find the right … Continue reading Guide to Kentucky Mortgage Loan Programs for Home buyers

Breaking the 20% Myth: How to Afford a Mortgage with a Smaller Down Payment


https://mortgageinformationcenter.wordpress.com/2024/06/11/breaking-the-20-myth-how-to-afford-a-mortgage-with-a-smaller-down-payment/#like-350?page_id=350 How to Buy a Home Without a 20% Down Payment Here are some effective ways to buy a home without needing to save up a 20% down payment. 1. FHA Loans: Low Down Payments for First-Time Buyers The Federal Housing Administration (FHA) loan is a popular choice for those looking to buy a home … Continue reading Breaking the 20% Myth: How to Afford a Mortgage with a Smaller Down Payment

Kentucky First Time Home Buyer Lender for FHA, VA, USDA, Fannie Mae and Down Payment Assistance Grants


As a first-time homebuyer in Kentucky, there are several mortgage programs to consider. Each program has its own set of requirements, benefits, and considerations. Here are some of the primary options: 1. Kentucky FHA Loans Kentucky Credit Score Requirements: Typically, a minimum credit score of 580 for a 3.5% down payment. Scores between 500-579 may … Continue reading Kentucky First Time Home Buyer Lender for FHA, VA, USDA, Fannie Mae and Down Payment Assistance Grants