Federal Government Shutdown and Kentucky Housing Loans for 2019

Partial Federal Government Shutdown Effects on KHC Loans in Kentucky with USDA in 2019

Louisville Kentucky Mortgage Lender FHA, VA, Fannie Mae and Kentucky Housing Loans

Partial Federal Government Shutdown Affects Loan Programs at Kentucky Housing 
The partial shutdown of the federal government is affecting some of the first mortgage programs through Kentucky Housing Corporation (KHC).
RHS Guarantee Loans in Kentucky 
  • KHC will not purchase or close a loan without the RHS Conditional Commitment and tax transcripts. Again, no Kentucky USDA Rural Housing Loans can close at this time.loyment (VOE) on Conventional, FHA, and RHS Loans for Federal Employees
  • KHC will require a VOE within 10 days prior to closing.
  • The only exceptions will be conventional loans for military personnel who use their Leave and Earnings Statement (LES), or if their employment was validated by Desktop Underwriter (DU) service and follows all conditions.
Flood Insurance
  • KHC will follow agency guidelines that are in place during the partial federal government shutdown.
Federal Tax Transcripts and Social Security Validation
  • If federal tax transcripts or validation of social security numbers are…

View original post 293 more words

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 )

Google photo

You are commenting using your Google 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 )

Connecting to %s