Kentucky FHA Loan Requirements


KENTUCKY HUD REO PROPERTIES ELIGIBLE FOR THE $100 DOWN PAYMENT INCENTIVE


The HUD $100 down program is an FHA loan with a twist. Instead of the minimum required 3.5% of the price down payment, FHA allows a $100 minimum

Kentucky FHA Loans Compared to Kentucky Conventional Loans


When it comes to financing a home a buyer is faced with the decision of what type of loan they want. The two most common choices are FHA or Conventional. Both have their advantages and disadvantages. Follow the chart below to see which one is a fit for you! For more information on homes available … Continue reading Kentucky FHA Loans Compared to Kentucky Conventional Loans

Louisville FHA Kentucky Mortgage Recently HUD/FHA issued three new mortgagee letter…: Will these recent FHA Changes do anything?


Recently HUD/FHA issued three new mortgagee letters that on the surface indicates a new way that HUD/FHA is going to treat borrowers with past credit problems. Will these recent FHA Changes do anything? Will these recent FHA Changes do anything? Recently HUD/FHA issued three new mortgagee letters that on the surface indicates a new way … Continue reading Louisville FHA Kentucky Mortgage Recently HUD/FHA issued three new mortgagee letter…: Will these recent FHA Changes do anything?

Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky


Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky      What is Back to Work? FHA is continuing its commitment to fully evaluate borrowers who have experienced periods of financial difficulty due to extenuating circumstances. Many borrowers experienced periods of recession related financial difficulty and/or credit impairment resulting from unemployment or a severe reduction in income. FHA recognizes the hardships faced by these borrowers, and that their credit histories may not fully reflect their true ability or propensity to repay a mortgage.   For Purchase transactions with case numbers assigned on or after August 15, 2013  Are borrowers with a foreclosure, short sale, or bankruptcy eligible for Back to Work? The alternative guidance in Mortgagee Letter 2013-26 is effective for purchase applications with case numbers assigned on or … Continue reading Kentucky FHA HUD Back to Work Program for FHA Borrowers in Kentucky