Kentucky Home Loan Program Requirements for FHA, VA, USDA and Conventional Mortgage loans.


FHA Minimum credit score580 AUS Approved580 ManualNon-Credit Qualifying Streamline refinances allowedGift funds allowed for down payment and closing costsCash out 80% LTV VA Minimum credit score600 AUS approved620 manualCash-out up to 90% LTVForeclosure/Short Sale/Bankruptcy <2 years allowed with AUS Approval USDA Minimum credit score: 620100% maximum LTVManual UnderwritesNo maximum loan amountUSDA Streamlined, Streamlined-Assist, and Rate/Term refinances allowed CONVENTIONAL Minimum … Continue reading Kentucky Home Loan Program Requirements for FHA, VA, USDA and Conventional Mortgage loans.

Kentucky Mortgage Terms to Know


Glossary of Mortgage Terms to Know For A Kentucky Mortgage Loan. ACCRUED INTEREST: Accumulated interest since the principal investment that hasnot yet been paid.AMORTIZATION: Paying off debt, principal and interest, with a fixed repayment schedulein regular installments over a fixed period of time.ANNUAL PERCENTAGE RATE (APR): The annual rate charged for borrowing moneyexpressed as a … Continue reading 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

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

Kentucky Mortgage Loan Info in regards to Credit Score, Down payments and debt to income ratios.


Loan Info in regards to Credit Score, Down payments and debt to income ratios.   Here are a few Kentucky mortgage misconceptions in regards to qualifying for a Mortgage loan in 2020 Credit Score Myth For Kentucky Mortgage Loans 53% of people surveyed believe they need a minimum credit score of 650 to qualify for … Continue reading Kentucky Mortgage Loan Info in regards to Credit Score, Down payments and debt to income ratios.