Which Credit Score is used for a Kentucky Mortgage Loan Approval?


Credit score used for a Kentucky Mortgage Loan Approval for FHA, VA, USDA Rural Housing, KHC Down payment assistance FAnnie Mae

 No Money Down with a Conventional Loan from Kentucky Housing Down Payment Assistance​​


Buying a Kentucky Home No Money Down with a Conventional Loan from Kentucky Housing Down Payment Assistance​​

What kind of credit score do I need to qualify for a Kentucky Mortgage Loan?


Kentucky Mortgage Loan Credit Score Requirement. Loan Type Min. Credit Score Description Conventional 620 Most common Available from most lenders Requires private mortgage insurance (PMI) with less than 20% down FHA 500-10% down 580-3.5% down Can have lower credit scores, lower incomes, and/or higher debt Federal government guarantee and borrower-paid mortgage insurance allow lenders to … Continue reading What kind of credit score do I need to qualify for a Kentucky Mortgage Loan?

Effective on 9/18/21, Fannie Mae announced that their Automated Underwriting System will now take an AVERAGE of the two scores for qualifying


Fannie Mae announced that their Automated Underwriting System will now take an AVERAGE of the two scores for qualifying Do you and your partner have very different credit scores? Great news! You may have access to more loan program options than you thought! Here's the deal... All lenders pull FICO scores from each of the … Continue reading Effective on 9/18/21, Fannie Mae announced that their Automated Underwriting System will now take an AVERAGE of the two scores for qualifying

MINIMUM CREDIT SCORES REQUIRED FOR KENTUCKY FHA, VA, USDA MORTGAGE LOANS


KENTUCK YFHA/VA/USDA LENDER FHA 620+ MIN FICO -  NO OVERLAYS!!!! FHA CREDIT SCORES IN KENTUCKY CURRENTLY · Minimum credit score· 620 AUS approved· 640 manual· Non-Credit Qualifying Streamline refinances allowed· Gift funds allowed for down payment and closing costs· Cash out 80% LTV VA CREDIT SCORES IN KENTUCKY CURRENTLY· Minimum credit score· 620 AUS approved· … Continue reading MINIMUM CREDIT SCORES REQUIRED FOR KENTUCKY FHA, VA, USDA MORTGAGE LOANS