Kentucky First Time Home Buyer Programs for 2017 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky

 FHAMortgage Requirements for Louisville Ky First Time Home Buyers

             Minimum 640 credit score required

            Financing to 96.50% of lesser of sales price or appraised value. 3.5% minimum down payment on a Purchase.

             Maximum 6% seller-paid items.

  • Maximum debt  ratios of 40/55 with AUS approval.

    All borrowers must be scored by TOTAL and receive approve/eligible or accept/accept.

    Lender must follow the FHA maximum mortgage limits for particular area – see https://entp.hud.gov/idapp/html/hicostlook.cfm

    .Must follow Upfront and Annual Mortgage Insurance Premiums Guidelines (see information below).

    Upfront and Annual Mortgage Insurance Premiums

    Loan Terms Greater than 15 Years

    Case numbers on or after Monday, April 18, 2011

    LTV less than or equal to 95%

     1% annual 1.10 monthly

    LTV greater than 95%

    1% annual 1.15 monthly

Kentucky FHA home loans for Louisville Ky First Time Home Buyers . I would like to share some other information with…

View original post 255 more words

Advertisements

3 thoughts on “

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s