What Happens if the Government Shuts Down for Kentucky Mortgage Loans? When the Federal Government shuts down due to lack of appropriations, non-essential personnel are unavailable until funds become available. Here are some of the ways we are aware of based on the last government shutdown. Kentucky FHA Loans FHA Connection, CHUMs, etc. will be … Continue reading What Happens if the Government Shuts Down for Kentucky Mortgage Loans?
How to Qualify For A Kentucky Mortgage Loan
Conventional loans follow guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. FHA loans are insured by the Federal Housing Administration. VA loans are guaranteed by the U.S. Department of Veterans Affairs. USDA loans are backed by the U.S. Department of Agriculture to finance homes in USDA-eligible rural area
Popular Kentucky Mortgage Terms To Know
I know the mortgage process can be confusing, so I thought I'd shed some light on what some of the acronyms in the mortgage world mean. LTVLTV stands for Loan to Value Ratio. It represents the amount of money borrowed divided by the purchase price of the home. For example, if you borrow $400,000 on … Continue reading Popular Kentucky Mortgage Terms To Know
Kentucky First Time Home Buyer Mortgage Guide
There are several alternative mortgage optionsavailable if you don’t have a down payment,haven’t established a strong credit history,or are unable to supply documentation for a“traditional” mortgage. Some options include: DOWN PAYMENT ASSISTANCE (DPA) by KHC These programs often come from states andmunicipalities allowing you to purchase ahome with a smaller down payment. ManyDPA programs come … Continue reading Kentucky First Time Home Buyer Mortgage Guide
First Time Home Buyer Louisville Kentucky Mortgage Programs
4 Things Every Borrower Needs to Get Approved for a Mortgage or Home Loan In Kentucky https://youtu.be/WuqF-TzPXX8 Kentucky First Time Home Buyer Common Questions and Answers: ∘ What kind of credit score do I need to qualify for different first time home buyer loans in Kentucky? Answer. Most lenders will wants a middle credit score … Continue reading First Time Home Buyer Louisville Kentucky Mortgage Programs
