Breaking the 20% Myth: How to Afford a Mortgage with a Smaller Down Payment


https://mortgageinformationcenter.wordpress.com/2024/06/11/breaking-the-20-myth-how-to-afford-a-mortgage-with-a-smaller-down-payment/#like-350?page_id=350 How to Buy a Home Without a 20% Down Payment Here are some effective ways to buy a home without needing to save up a 20% down payment. 1. FHA Loans: Low Down Payments for First-Time Buyers The Federal Housing Administration (FHA) loan is a popular choice for those looking to buy a home … Continue reading Breaking the 20% Myth: How to Afford a Mortgage with a Smaller Down Payment

FHA Mortgage Lender Qualifications for Kentucky


Here’s a concise overview of the FHA mortgage qualifying criteria for Kentucky: Credit score: Minimum 580 for 3.5% down payment, 500-579 for 10% down payment Debt-to-income ratio: Generally 43% or less, though exceptions may be made Down payment: Minimum 3.5% of purchase price (with 580+ credit score) Employment: Steady income for at least two years Property requirements: … Continue reading FHA Mortgage Lender Qualifications for Kentucky

How to get best mortgage rates in Kentucky for FHA VA USDA and Fannie Mae conventional loans


https://kentuckyusdaloan.com/2024/06/05/how-to-get-best-mortgage-rates-in-kentucky-for-fha-va-usda-and-fannie-mae-conventional-loans/?page_id=106848


Buying your first house in Kentucky involves several steps, which can vary depending on the type of loan program you choose. Here's a detailed guide on the steps and requirements for various Kentucky First Time Home Buyer loan programs: 1. Kentucky FHA Loans Credit Score: Minimum credit score typically required is 580 for 3.5% down … Continue reading

Kentucky First Time Home Buyer Lender for FHA, VA, USDA, Fannie Mae and Down Payment Assistance Grants


As a first-time homebuyer in Kentucky, there are several mortgage programs to consider. Each program has its own set of requirements, benefits, and considerations. Here are some of the primary options: 1. Kentucky FHA Loans Kentucky Credit Score Requirements: Typically, a minimum credit score of 580 for a 3.5% down payment. Scores between 500-579 may … Continue reading Kentucky First Time Home Buyer Lender for FHA, VA, USDA, Fannie Mae and Down Payment Assistance Grants