Kentucky USDA Home Loan Program Zero Down

Kentucky USDA Home Loan Program Zero Down

Louisville Kentucky Mortgage Loans

KENTUCKY USDA LOANS

PROGRAM FEATURES

620+ MIN FICO– REFERS AND GUS ACCEPTS!

View original post

Kentucky USDA Home Loan Program Zero Down

KENTUCKY USDA LOANS

PROGRAM FEATURES

620+ MIN FICO– REFERS AND GUS ACCEPTS!

620+ – YES WE DO REFERS!(29/41 MAX RATIOS)U/W DIRECTLY TO RD MANUAL GUIDES
620+ GUS ACCEPTS – NO OVERLAYS – follow GUS findings
101% LTV of appraised value
Ratios to 32/44 w/ 620+ and GUS approval w/ comp. factors for debt waiver
35% Annual Fee, 1% Guarantee Fee
We Accept Transfer Appraisals – No Problem on all loans
File sent to RD within 24 Hours of UW clear!
File sent to docs within 24 Hours of Receipt of the RD commitment
Up to 6% seller concessions allowed
620+ – GUS Accept – must have 2 trades for 12 months(open/closed) – or manual downgrade

GUS REFERS

620– scores OK!
29/41 max ratios
VOR or 12 months cancelled rents checks required
Tradelines or alt tradelines required
Medical collections & charge off accounts ignored – consumer collections follow HUD $2000 guidelines (Call us for details!)
Minimal lates allowed in past 12 months

Kentucky VA Mortgage Guidelines for Inspections on Well Water and Septic Systems

Kentucky VA Mortgage Guidelines for Inspections on home for Well water testing is based on local requirements, if not applicable, EPA requirements for subject local will need to be followed . As for septic, if the appraiser references /notates any issues an inspection will be required.

Louisville Kentucky Mortgage Loans

Kentucky VA Mortgage Guidelines for Inspections on home for Well water testing is based on local requirements, if not applicable, EPA requirements for subject local will need to be followed . As for septic, if the appraiser references /notates any issues an inspection will be required.

View original post

How to Calculate Income for a Kentucky FHA Mortgage Approval?

How to Calculate Income for a Kentucky FHA Mortgage Approval?
FHA INCOME CALCULATION FOR OVERTIME, BONUS, TIP INCOME FOR KENTUCKY FHA LOANS

How to Calculate Income for a Kentucky FHA Mortgage Approval? FHA INCOME CALCULATION FOR OVERTIME, BONUS, TIP INCOME FOR KENTUCKY FHA LOANS

View original post

Quick Guide to Kentucky USDA Rural Development Loans Approval Requirements

Quick Guide to USDA Rural Development Loans

Not every community qualifies—but if it does, it’s the best thing since sliced bread!

Check your listings to see if the property location qualifies. http://eligibility.sc.egov.usda.gov. Generous household income limits also apply, and you can check them out at this link as well.

Generate phone calls by letting everyone know 100% financing is still available for eligible properties and borrowers.

Add an additional note to the listing info and mention it in your ads.

Buyer Qualifications Highlights

• No down payment required, and zero move-in cost is possible.

• 30-year fixed rate loan.

• 6% seller contribution limit allowed.

• Lender closing cost contribution by premium pricing allowed. Does not count against 6% seller limit.

• 100% Loan up to appraisal allowed plus you can add the 1.00% Guarantee Fee on top of that.

• Low .35% Annual Fee included in monthly payment.

• Finance closing costs & prepaids if appraisal Is higher than sales contract.

• No stated maximum loan amount; maximum loan based on repayment ability.

• No cash contribution required from borrower.

• No pre-payment penalty

• Liberal income limits (by county)

• Gift funds and grants allowed.

• No cash reserve requirements.

Property Qualification Highlights

• Existing Home

• New Construction

• New Manufactured Homes (Existing MH allowed under test program in 22 states)

• Modular Homes

• Town Homes

• Condos (Must be approved projects)

Prohibited Loan Purposes

• Co-signors not residing in the household

• Furniture and personal property

• Income-producing property unless minimal income-producing activity.

• Previously occupied manufactured homes…unless refinancing existing Agency loan or home built on or after 2006 and in the certain states (22 test states).

—

Joel Lobb
Mortgage Loan OfficerIndividual NMLS ID #57916

American Mortgage Solutions, Inc.

10602 Timberwood Circle

Louisville, KY 40223Company NMLS ID #1364

click here for directions to our office
Text/call: 502-905-3708fax: 502-327-9119
email:

kentuckyloan@gmail.com

https://www.mylouisvillekentuckymortgage.com/

Thank you for visiting. I hope you find this website both informative and empowering as you explore your mortgage options. My goal is to help you feel confident in selecting the right home loan for your unique situation.

I proudly serve all 120 counties in Kentucky, offering a full range of mortgage loan programs, including:

FHA Loans
VA Loans
USDA Rural Housing Loans
Fannie Mae Conventional Loans
KHC Down Payment Assistance Programs

With over 20 years of lending experience, I’ve had the privilege of helping more than 1,300 Kentucky families achieve their homeownership goals. Whether you’re a first-time homebuyer or seeking a second opinion, I’m here to offer honest, no-pressure advice—always free of charge.

I am dedicated to:

Attending as many closings as possible
Providing responsive, personalized service
Ensuring quick, efficient, and accurate loan processing
Making myself accessible every step of the way

I’ve been consistently recognized as a top mortgage loan officer in Kentucky for VA, FHA, USDA, and KHC programs. I take pride in being thorough, transparent, and attentive with each and every client.

Please take a moment to read my reviews below. If you have questions or need guidance, feel free to call or text me directly.

I have helped over 1300 Kentucky families buy or refinance their home over the last 20 years. Realizing that this is one of the biggest, most important financial transactions a family makes during their lifetime, I always feel honored and respected when I am chosen to originate their personal home loan. You can count on me to deliver on what I say, and I will always give you honest, up-front personal attention you deserve during the loan process.

You will not get lost in the shuffle like most borrowers do at the mega banks; you’re just not a number at our company, you are a person and we will treat you like one throughout the entire process.

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 mortgage loans. I am based out of Louisville Kentucky. For the first time buyer , we offer Kentucky Housing or KHC loans with down payment assistance.

Customer Testimonials

We just moved here the first of January in 2017 from Ohio to the Louisville, KY area and we found Joel’s website online. He was quick to respond to us and got back the same day on our loan approval. He was very knowledgeable about the local market and kept us up-to date throughout the loan process and was a pleasure to meet at closing. Would recommend his services.

Angela Forsythe

“We were searching online for mortgage companies in Louisville, Ky locally to deal with and found Joel’s website, and it was a godsend. He was great to work with, and delivered on everything he said he would do. I ended up referring my co-worker at UPS, and she was very pleased with his service and rates too. Would definitely vouch for him.” September 2016

Monica Leinhardt

“We contacted Joel back in July 2011 to refinance our Mortgage and he was great to work with. We contacted several lenders locally and online, and most where taking almost 60 days to close a refinance, Joel got it done in 23 days start to finish,I would definetly recommmend him. He got us 3.75% with just $900 in closing costs on our FHA Streamline loan.

Kayle Griffin

“Joel is one of the best Mortgage Brokers I have ever worked with in my sixteen years in the real estate and mortgage business.” May 25, 2010

Tim Beck

“Joel has always worked very hard to keep his word and to work out seasonable solutions to difficult problems. He is truly an expert in FHA and other type loans.” September 1, 2010

Nancy Nalley

“I have worked with Joel since 1998. He is a great loan professional.” I refer most of my Louisville, Kentucky area home buyers to him and he always take special care of them. August 23, 2012

Jon Clark

“Joel Lobb is a real professional in the lending industry, with many years of experience, he is the one to go to for any mortgage lending needs.” August 22, 2011

RICHARD VOLZ , Residential Sales , Remax Foursquare Realty

“When looking to purchase our new home in 2006, I had the pleasure of meeting Joel Lobb. Not only was he personable and easy to reach, he was extremely knowledgable in his field and made sure to find us the best rate and a top notch mortgage company. We were able to complete the process in less than 3 weeks with his expertise. I find Joel to have the utmost high integrity and I recommend him to anyone who say’s they are need of mortgage assistance. He is also fantastic and keeping everyone up to date on the latest in the housing industry through his twitter posts. He provided great results for our family and we still communicate to this day!” August 21, 2010

Stacie Drake

“We first use Joel on our new home purchase in 2007 in St Matthews, Kentucky area and he was great to work with. We have since refinanced our home with him in 2010 when rates got really low and he has always delivered on what he says. I could not imagine using anyone else.”

Melody Glasscock March 2014

Absolutely Amazing!! I emailed Joel after I had just got a denial from a bank and just thought i would try to get some advice on what my next steps would be to get a house. I honestly didn’t expect to even get a reply because my credit is not great. That was about a week and a half ago. I just signed a contract on a house last night. ONLY because of Joel Lobb. He even worked with us throughout the weekend, which shocked me. Best decision I have ever made. THANK YOU SO MUCH FOR WORKING WITH US THROUGHOUT THE ENTIRE PROCESS.

Cee Bellisle August 2017

Contacted him about buying a home and he was great to work with. I was moving to Louisville Ky to take a new job and he walked me through the entire process. He explained to me all the different options for FHA, VA, USDA mortgage loans and credit score requirements versus Fannie Mae. Since I was a first time home buyer I needed alot of help and guidance. I would definitely recommend him. Fast to respond and available to answer questions that I or my realtor had after hours.

Anderson Johnson April, 2018

We moved from Michigan to Northern Kentucky area and we were really impressed. We got a USDA loan no money down and closed in less than 3.5 weeks. We shopped around online with other lenders but Joel was always first to respond and his rates were just a little better than other lenders. He kept us informed through the process along with our realtor and there was absolutely no surprises like we heard from other co-workers and friends that they experienced in their loan process. We have already referred another co-worker to Joel . He’s AWESOME!

Patty Kingston July 2018

Website Fine Print
The content provided on this website is presented or compiled by Joel Lobb and is provided for informational purposes only. It does not necessarily represent the views or opinions of his employer.

Joel Lobb or his employer assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed, or represents that its use would not infringe privately owned rights.

The mortgage or financial services or strategies mentioned in this website may not be not suitable for you.

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.

//code.tidio.co/3t0pyuiml1lts87j0nyxf0tvsrn4gt9m.js

Share this:

Share this:

Share this:

Share this:

Share this: