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

Qualifications for a USDA Loan to Buy a Home in Kentucky


Qualifications for a USDA Loan to Buy a Home in Kentucky

 Welcome Home Grant is open to qualified applicants purchasing a home in Kentucky. Kentucky Welcome Home Grant Program Guidelines


Welcome Home Grant is open to qualified applicants purchasing a home in Kentucky. Kentucky Welcome Home Grant Program Guidelines

Here are action steps you can take right now to buy a home in Kentucky in 2025


If you're planning to buy a home in Kentucky in 2024, here are some essential steps to consider: 1. Focus on improving your credit score to qualify for a mortgage with a low interest rate. 2. Manage your debt-to-income ratio by repaying existing debt, increasing your income, or both. 3. Ensure timely payments on all accounts to maintain a good credit score. 4. Get pre-approved for a mortgage before searching for a home to know your affordability. 5. Keep credit card utilization below 30% and seek down payment assistance programs if needed.

How long is my pre-approval good for on a Kentucky Mortgage Loan?


When shopping for a Kentucky mortgage loan, keep in mind that mortgage rates can change daily. Different lenders have varying fees, and they may sell your loan to another bank. Your middle credit score is crucial, and good credit leads to better rates. Knowing your Annual Percentage Rate (APR) and reducing closing costs are important. Finally, you can refinance your home loan anytime and get a mortgage loan after a foreclosure with certain waiting periods.