100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Kentucky FHA Mortgage Loans vs Kentucky USDA Rural... :   Here are the important points about Kentucky USDA Rural Housing Loans: USDA loan are only available in certain counti...

Posted by Joel Lobb on  Friday, June 21, 2019

FHA’s New Student Loan Rule Could Impact Mortgage Borrowers : Last month, the FHA changed its rules for how it deals with student loan deferments and mortgage applications.

Kentucky FHA Guidelines for Credit scores, First-Time Buyers, Refinances, Bankruptcy and Foreclosure 11 Questions and Answers below about the FHA loan program:  1. Q -  Can only first-time home buyers use a Kentucky FHA loan program? A -  No. You can use a Kentucky FHA loan as many times as you desire. The only guideline is that you cannot have more than one outstanding Kentucky FHA loan with a loan to value of higher than 75%. You can own rental property and purchase your primary residence using Kentucky  FHA financing.  2. Q - Does FHA use a FICO credit score for qualifying? A - Yes, FHA requires a credit score. Depending on investor and program, some FHA investors will go as low at 550 on a score, but most FHA lenders that I work with want a 620 score. You have three fico scores and they take the middle score. 3. Q - Can I streamline refinance my FHA loan at any time? A -  Yes, you can streamline ass...

Follow this simple rule to increase your credit score - Clark Howard : Old credit cards may seem like a liability, but they can help you build credit. Learn why keeping old credit cards is a good thing for your credit score!

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