Repossession on a credit report for FHA Loan


How to handle a Repossession on a credit report for FHA Loan Approval?

Best Kentucky FHA lenders to get an Approval to buy a house.


How to Qualify for a Kentucky FHA Loan Approval: If you're looking to buy a home in Kentucky and are considering a Kentucky FHA loan, it's essential to understand the qualifying criteria and the necessary steps. This article covers all the crucial aspects you need to know, from credit scores, bankruptcy, work history, collections, closing, home insurance, title, debt ratio , down payment and other required documents for pre-approval for a Kentucky FHA loan pre-approval letter.

Kentucky Mortgage Options After Short Sale or Foreclosure


Kentucky Mortgage Short Sale: Conventional Loans Require: Minimum 2 years with restrictions up to 7 years 2 to 4 years - 80% maximum LTV 4 to 7 years - 90% maximum LTV 7 years and after allow for maximum standard financing Kentucky FHA and Kentucky VA Loans Require: 3 years, with exceptions possible for less … Continue reading Kentucky Mortgage Options After Short Sale or Foreclosure

Kentucky FHA Loan Requirements


Does FHA require collections to be paid off for a borrower to be eligible for FHA financing?


A Collection Account refers to a Borrower’s loan or debt that has been submitted to a collection agency by a creditor. If the credit reports used in the analysis show cumulative outstanding collection account balances of $2,000 or greater, the lender must: •     verify that the debt is paid in full at the time of … Continue reading Does FHA require collections to be paid off for a borrower to be eligible for FHA financing?