How to Qualify for FHA Loans in Kentucky

Does FHA require collections to be paid off for a borrower to be eligible for FHA financing?

A Collection Account refers to a Borrower’s loan or debt that has been submitted to a collection agency by a creditor. If the credit reports used in the analysis show cumulative outstanding collection account balances of $2,000 or greater, the lender must: •     verify that the debt is paid in full at the time of … Continue reading Does FHA require collections to be paid off for a borrower to be eligible for FHA financing?

Getting a Home Inspection In Louisville Kentucky- List of Home Inspectors Louisville, KY

A home inspector’s job consists of three main points: Evaluate a property’s physical and structural condition Identify items in need of repair or replacement Assess the remaining useful life of major systems It is a good idea for you, or your real estate agent, to be present during the inspection. This allows you to ask … Continue reading Getting a Home Inspection In Louisville Kentucky- List of Home Inspectors Louisville, KY

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