Kentucky Fannie Mae HomePath Homes for Sale 2017 –

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$234,000Just Listed

111 Leatherwood Ln
Nicholasville, KY 40356

3 Beds |2.5 Baths | 2048 sq. ft.

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$89,900Price Reduced

145 Copperas Lick Br
Prestonsburg, KY 41653

3 Beds |2 Baths | 2376 sq. ft.

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$69,900Price Reduced

115 Meadow Hill Dr
Ft Mitchell, KY 41017

3 Beds |1 Baths | 988 sq. ft.

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$274,900Price Reduced

104 Kiawah Ct
Georgetown, KY 40324

3 Beds |3 Baths | 2440 sq. ft.

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$129,900Price Reduced

211 Crittenden Ct
Crittenden, KY 41030

3 Beds |2 Baths | 1108 sq. ft.

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$179,900Price Reduced

114 Rabbit Run Rd
Georgetown, KY 40324

3 Beds |3 Baths | 2327 sq. ft.

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$64,900Price Reduced

1053 Bald Knob Rd
Beaver Dam, KY 42320

3 Beds |1 Baths | 1748 sq. ft.

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$32,500Price Reduced

1533 Cumnock St
Henderson, KY 42420

3 Beds |2 Baths | 1334 sq. ft.

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$245,000Active

101 Stoney Brooke Dr
Ashland, KY 41101

6 Beds |3.5 Baths | 3996 sq. ft.

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$27,500Active

355 Holmes St
Frankfort, KY 40601

2 Beds |1 Baths | 1148 sq. ft.

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Any Beds
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$10,000 Down Payment Assistance Grant for 2017 Kentucky Home buyers HHF DAP

Hey everyone, KHC just released another $10,000 Down Payment Assistance Grant for 2017 Kentucky Home buyers for that’s available on a first come first serve basis!!! HHF DAP 2017 There is a… Source: $10,000 Down payment Assistance Grant for Kentucky First Time Home buyers 2017

https://kentuckymortgage.wordpress.com/…/10000-down-payment…

Hey everyone, KHC just released another $10,000 Down  Payment Assistance Grant for 2017 Kentucky Home buyers for  that’s available on a first come first…
KENTUCKYMORTGAGE.WORDPRESS.COM
Hey everyone, KHC just released another $10,000 Down  Payment Assistance Grant for 2017 Kentucky Home buyers for  that’s available on a first come first serve basis!!! HHF DAP 2017
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The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.  The posted information does not guarantee approval, nor does it comprise full underwriting guidelines.  This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the views of my employer. Not all products or services mentioned on this site may fit all people

Kentucky FHA Mortgage Insurance Reduced for 2017

 FHA has Reduced Annual MIP!
FHA has reduced the annual MIP amount effective with Closing/Disbursement dates
on or later than January 27, 2017. Closing/Disbursement date is considered the later
of the signing date of the mortgage or the date of the disbursement of the loan
proceeds, as entered in FHA Connection.

HUD has announced a reduction of the annual Mortgage Insurance premiums per ML 2017-01, effective for all FHA loans DISBURSING on or AFTER January 27, 2017.
NOTE THAT ANY FHA LOAN DISBURSING PRIOR TO THIS DATE WILL NOT BE ELIGIBLE FOR THE REDUCED FHA MI PREMIUMS.


See below for the updated MIP rates:
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HOW DO YOU QUALIFY FOR AN FHA LOAN?
To qualify for an FHA Loan, you must meet the following standards:
• Have a 2 year history of employment. Long or short gaps between employments are
permissible. Will need to explain any gap of employment longer than 2 months.
• Must be a resident of the U.S., have a valid Social Security number and be of legal age (18
in most states) to sign a mortgage.
• Not be delinquent in any federal debt.
• Must have a front-end ratio (loan payment plus HOA fees, property taxes, mortgage
insurance, home insurance) that is typically 43% of your gross income.
• Must have a back-end ratio (loan plus all monthly debt) typically less than 50% of your gross
income.
• Have a minimum down payment of 3.5%.
• Have a credit score of at least 580.
• Have a property appraisal done by an FHA-approved appraiser.
• Property must meet specific standards at appraisal.
• It must be two years after you have lied for Chapter 7 bankruptcy and you must have reestablished
good credit. Exceptions might be made but it is up to the lender.
FHA mortgages are usually available to borrowers who previous property was foreclosed or
short-sold within the past three years. Exceptions might be made it the foreclosure occurred
because of extenuating circumstances, but please speak to the lender.
The private FHA mortgage loan lender may have other requirements.

WHAT TYPES OF FHA LOAN PROGRAMS ARE THERE?
Section 203(b): Can be used to finance from 1 to 4 housing units. Mortgage terms can be
changed to accommodate the borrower’s needs; it has a low down payment of 3.5% and there
are gift options for down payments that can be acceptable.
Section 234(c): A loan used for condominiums that has some credit requirements and rules.
Section 203(k): Allows the borrower to finance a repair or remodel up to four housing units
(depends on bank’s criteria). One mortgage loan will be used for the acquisition in addition to
upgrade of units. FHA Mortgage Consultants may be required on certain 203(k) loans.
HECM – Reverse Mortgages: Provides applicants only age 62 or older access to their
housing unit equities. Many payment methods are available, such as lump sum, installments,
line of credit or a mix of those three options.
FHA has developed new options such as the Streamlined Refinance and the “Make Home
Affordable Program” meant to help alter and refinance current mortgages. Details can be
provided by your FHA Mortgage lender.

 

document
Louisville Kentucky FHA Mortgage Loan Guide
By kentuckyloan
New Kentucky FHA Mortgage rules starting…
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Kentucky Housing Foreclosure List for January 2017

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We are pleased to provide you with information about Kentucky Housing Corporation’s (KHC) master commissioner sales. These sales typically take place at the county courthouse where the property is located. The listings are arranged by county, according to the county in which the property is located.

BOONE
1516 TARAMORE DR UNIT 304 1/5/2017
FLORENCE, KY 41042
FAYETTE
419 DABNEY DRIVE 1/9/2017
LEXINGTON, KY 40502
1644 PRAIRIE CIR 1/9/2017
LEXINGTON, KY 40515
HARDIN
249 INDIANA TRAIL 1/5/2017
RADCLIFF, KY 40160
HARLAN
107 LAUREL BRANCH RD 1/24/2017
EVARTS, KY 40828
JEFFERSON
2721 SAINT XAVIER ST 1/13/2017
LOUISVILLE, KY 40212
1276 MORGAN AVE 1/13/2017
LOUISVILLE, KY 40213
1623 BELMAR DRIVE 1/13/2017
LOUISVILLE, KY 40213
1106 CLAYBOURNE ROAD 1/13/2017
LOUISVILLE, KY 40214
1529 BICKNELL AVE 1/13/2017
LOUISVILLE, KY 40215
1108 VINEWOOD RD 1/13/2017
LOUISVILLE, KY 40219
1534 WALTER AVE 1/27/2017
LOUISVILLE, KY 40215
4421 MCGILL DR 1/27/2017
LOUISVILLE, KY 40215
KENTON
140 PINE LAKE DRIVE UNIT 7 2/14/2017
ERLANGER, KY 41018
MEADE
575 DUGOUT DR 1/9/2017
VINE GROVE, KY 40175


The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.  The posted information does not guarantee approval, nor does it comprise full underwriting guidelines.  This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the views of my employer. Not all products or services mentioned on this site may fit all people

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3Ways to Icrease Your Credit Score or Fico Score in 2017 for a Kentucky Mortgage Loan Approval.

Improving your credit score is usually considered a lengthy project. Many factors that contribute to a good credit score — such as payment history and age of accounts — take time to establish. And if you have no credit history or a poor credit score, your best bet for credit improvement may be to establish a long-term plan for establishing good credit habits.

But if you’re thinking about applying for, say, a mortgage in the new year or have another financing need on deck in early 2017, you may want to know how to quickly improve your credit score in 30 days or less. While no activity is guaranteed to improve your credit within a time frame that short, there are quick, simple actions you can take to try for fast results. Here are a few ways to jumpstart your credit score:

1. Become an authorized user

“One tried-and-true trick is to have someone with great credit add you as an authorized user to a card that they’ve had for a long time,” says Casey Fleming, author of The Loan Guide: How to Get the Best Possible Mortgage.

Using this method, you can piggyback off someone else’s good credit. Authorized users benefit from responsibly managed accounts because these accounts will be listed on the user’s credit report. But both you and the account holder need to be wary – if they aren’t as financially responsible as you think, or if they use their card irresponsibly, your plan can backfire and both credit scores could suffer. Note: Authorized users can request delinquent accounts be removed from their credit reports; primary cardholders not-so-much, so be sure you’re not overcharging.

2. Request a credit limit increase

You can ask your credit card providers to increase the limits on all the cards you own. If you have a history of timely payments with your credit card provider, there’s a good chance they will negotiate. By increasing your credit limits, you’ll be improving your credit utilization rate, which is the amount of debt you’re carrying versus your total credit limits — and is a major contributing factor to your credit score.

Note: This will only work if you don’t increase your spending. If your credit card issuer raises your limit by $1,000, and you immediately start racking up charges that eat up the difference, the increased limit won’t do much good. Experts recommend keeping your credit card usage at no more than 30%, with an ideal balance at 10%. (You can check your credit utilization rate by viewing two of your free credit scores on Credit.com.)

Keep in mind, too, a request for a credit limit increase could result in a hard inquiry on your credit report, which can ding your credit scores, so use this strategy carefully.

3. Pay down your cards

To the point above, your credit utilization rate will also improve if you pay down your credit card balances. If you have some extra funds, consider making extra payments on your credit card rather than dropping $100 at Chili’s this weekend. Doing the former can make a real difference and is a decision you’re unlikely to regret. “Paying down your credit card balances to under 30% of the limits” will net results, says Fleming.