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I talk to a lot of people every week about their credit scores.  I spoke with a gentleman yesterday that was telling me about his credit score issue.

He was recently out of the country for a couple months and one of his accounts’ auto pay amount changed which only covered part of his monthly payment.  The bank noted this on the account and reported him late 30 days because the full payment amount wasn’t received.

Prior to this event his credit scores were in the 800’s, now they are in the high 500’s.  It had taken him years to achieve such a high credit score, and only days to lose that score.

Payment history is the biggest factor in your FICO score.  It amounts to 35% of your credit rating.

If there’s anything you do with your credit, make absolutely sure you get your monthly payment (in full) in…

Kentucky VA Loans are designated to offer long-term financing to eligible Kentucky veterans or their surviving spouses.  As a ex-army tanker (19 kilo) I  support our heroes with our VA financing options in all 120 counties of Kentucky. The intention of this program is to help Kentucky veterans purchase properties with no down payment and relaxed credit qualifying guidelines because a Kentucky  VA Loan is less restrictive when it comes to qualifying for a mortgage loan for VA .

• Financing up to 100%
• Must have a valid VA certificate of Eligibility. We can order this for you.
• No mortgage insurance required monthly like FHA and USDA loans.
• No down payment required for all veterans
• Loan is assumable*
• Competitive interest rates when compared to FHA and USDA
• 2 years removed from Chapter 7 and Chapter 13 and foreclosure
• No prepayment penalties
• VA funding fee may be financed or paid out…

What are the requirements to  qualify for a Kentucky FHA Mortgage in 2019?

Kentucky  FHA loan is a mortgage that is insured by the Government agency under Housing and Urban Development that is called FHA or short for Federal Housing Administration. The loan was established for Kentucky Home buyers will very little or no money down home loans with more  lenient credit score and  income requirements  and tends to be more forgiving about credit history with regard to bankruptcy and foreclosures, higher debt to income ratios and job history with limited work history for home buyers will only 2 years work history or less.

Kentucky FHA Credit Score Requirements and Down Payment Requirements

The Kentucky FHA  home loan  program may accept credit scores as low as 580 and require at least a 3.5 percent down payment of the sales price on a purchase. If you have a credit score below…