Louisville Kentucky Mortgage Programs
As an approved Louisville Kentucky Fannie Mae (FNMA) and Louisville Ky FHA mortgage professional, I offer a wide array of Kentucky loan programs, including Kentucky First Time Home Buyers Programs, Kentucky Refinance Programs, or Louisville Kentucky Renovation Home Programs.
Kentucky Home Purchase Programs
Whether you’re a first-time home-buyer, upgrading to a new home, or buying an additional property, we offer a wide array of mortgage loan programs – many requiring a limited down payment (0 to 3%) for qualified individuals, both repeat and first time buyers.
- Fixed and adjustable rate options
- $0 down payment options available
- Up to 6% seller concessions
- Down payment assistance and gifts permitted
- Credit scores as low as 580 on FHA, VA, USDA Mortgage Programs.
- Debt to income ratios to 55.00% with automated approval
We specialize in the following Kentucky Home Mortgage Programs:
Kentucky Housing Corporation: KHC housing program for qualified first-time home buyers offering down payment and closing costs assistance up to $6,000 in down payment assistance in form of a second mortgage over 10 years. It has different rates depending on the income of household but 1% for 10 years for lower income and 5.5% for 10 years for higher incomes.
Apply for a home loan by clicking the link below: It’s free and takes less than 5 minutes Or call us at 502-905-3708 for your free application over the phone
FHA Loans in Kentucky – Gifts to Pay off Debt
Do you know that a gift can be used to pay off Borrower’s debts to qualify on an Kentucky FHA Loan?
A regular gift (this does not include a gift of equity) may be used to pay off a Borrower’s debt(s) for qualifying purposes as long as both the gift funds and the debt(s) being paid off with the gift funds are accurately disclosed and assessed by AUS TOTAL Scorecard. Whenever a gift is received on an Kentucky FHA loan, regardless of what it is being used for, it carries certain risks that must be assessed by TOTAL Scorecard for qualifying purposes.
When a gift is received to pay off debt(s), follow the steps below to ensure that TOTAL Scorecard accurately assesses the risk of using gift funds in paying off debt for qualifying:
Senior Loan Officer
Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant Equal Opportunity Lender.