Louisville Kentucky $10,000 Down Payment Assistance Grant for Home buyers in 2017

 

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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

This website participates as an Equal Opportunity Lender. All rights Reserved.

Joel Lobb is a Licensed Mortgage Originator: NMLS #57916.
Legal Disclaimer

This web site is not the FHA, VA, USDA, HUD or any other government organization responsible for managing, insuring, regulating or issuing residential mortgage loans.

**Download Fair Housing Booklet – CLICK HERE

All approvals and rates are not guaranteed, and are only issued based on standard mortgage qualifying guidelines.

Louisville Kentucky First Time Home Buyer 2017 Kentucky First Time Home Buyer Grant for $10,000 from Kentucky Housing

2017 Kentucky First Time Home Buyer Grant for $10,000 from Kentucky Housing Down Payment Assistance Program – Housing – Louisville Ky FHA Loan in Kentucky Kentucky State Loan Programs KHC Down payment Assistance Program Kentucky Housing KHC’s Homeownership Counseling Louisville First Time Buyer Mortgages Louisville First Time Buyers

 

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Louisville Kentucky Mortgage Rates

2017 Kentucky First Time Home Buyer Grant for $10,000 from Kentucky Housing
louisvillekentuckyfirsttimehomebuyer.com
A Kentucky Mortgage Blog for First Time Home Buyers in Kentucky

Give us a try or let us compare your options on your next mortgage transaction. Call me locally at 502-905-3708. Free Mortgage Pre-Qualifications same day on most applications.

Email me at kentuckyloan@gmail.com with your questions

I specialize in Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer with little money down, we offer Kentucky Housing or KHC loans with down payment assistance.

This website is not an government agency, and does
not officially represent the HUD, VA, USDA or FHA or any other government agency.

NMLS# 57916 http://www.nmlsconsumeraccess.org/

Joel Lobb Senior Loan Officer

American Mortgage Solutions, Inc.
10602 Timberwood Circle Suite 3
Louisville, KY 40223

phone: (502) 905-3708
Fax: (502) 327-9119
kentuckyloan@gmail.com

Company…

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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:
MIP.PNG

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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.

 

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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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