Kentucky HUD Homes for Sale with the FHA $100 Down Program

 

hud home 100 down in Kentucky

KENTUCKY HUD HOMES SALES INCENTIVES

For a limited time, FHA offers sales incentives on HUD homes that will make these homes more affordable for home buyers when purchasing a property using FHA-insured financing. The incentives VARY from State to State but may include: low down payments; sales allowances that can be used to pay closing costs, make repairs, or pay down the mortgage amount; broker bonuses for owner-occupant sales. The benefits of FHA financing are low down payments; competitive interest rates; flexible credit qualifying. To find a HUD-Approved Lender, and for the latest sales incentives in your areas, visit HUDhomestore.com The program incentives are subject to change without prior notice.

Sales Incentives

(subject to change without prior notice)

Participating States

$100 Down Payment! Available to Owner Occupant Home-buyers when purchasing a property using FHA-insured financing.

Kentucky HUD Homes for Sale By FHA

Search Results for HUD Homes in KY

1 | 2 | 
34 listings found
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Property Case Address Price Status Bed Bath Listing Period Bid Open Date Details
201-225565 2008 Standard Ave
Louisville, KY, 40210
Jefferson County
$12,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-308494 919 Rose Dr
Hopkinsville, KY, 42240
Christian County
$63,000 3 2.10 Extended  08/05/2019 View Street
Map it
Email Info
201-321862 1309 Couchtown Road
Busy, KY, 41723
Perry County
$40,000 5 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-335969 422 Daviess St
Harrodsburg, KY, 40330
Mercer County
$40,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-340123 178 Slate Ridge Rd
Lily, KY, 40740
Laurel County
$47,000 3 1.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-355195 359 Shadowwood Dr
Grayson, KY, 41143
Carter County
$55,800 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-369441 124 Nicholas St
Elizabethtown, KY, 42701
Hardin County
$35,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-373082 1414 Obryne St
Henderson, KY, 42420
Henderson County
$27,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-374214 2620 Thomas Ave
Louisville, KY, 40216
Jefferson County
$45,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-374690 5925 Dewitt Dr
Louisville, KY, 40258
Jefferson County
$108,000 2 1.10 Extended  08/05/2019 View Street
Map it
Email Info
201-375828 2816 Alabama St
Paducah, KY, 42001
Mccracken County
$25,000 2 1.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-393697 33 Mine 18 Road
Stearns, KY, 42647
Mccreary County
$44,100 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-397942 401 Ky Route 1107
Van Lear, KY, 41265
Johnson County
$77,000 3 2.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-398608 621 Scenic Dr
Harrodsburg, KY, 40330
Mercer County
$115,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-402408 380 Bent Creek Dr
Smiths Grove, KY, 42171
Barren County
$70,000 3 2.00 Exclusive  08/06/2019 View Street
Map it
Email Info
201-406743 223 Richmond Dr
Ermine, KY, 41815
Letcher County
$27,000 3 2.10 Exclusive  08/12/2019 View Street
Map it
Email Info
201-407638 1898 Apple House Rd
Beaver Dam, KY, 42320
Ohio County
$70,000 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-427286 9010 N Highway 421
Manchester, KY, 40962
Clay County
$40,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-429878 710 Old Brownie Rd
Central City, KY, 42330
Muhlenberg County
$44,000 4 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-441028 145 Weddington Lane
Prestonsburg, KY, 41653
Floyd County
$69,300 4 2.00 Extended  08/05/2019 View Street
Map it
Email Info
1 | 2 | 

Search Results for HUD Homes in KY

1 | 2 | 
34 listings found
List Gallery
Save Search Email Search View Map Export to Display:
5
10
20
Property Case Address Price Status Bed Bath Listing Period Bid Open Date Details
201-464311 425 Denver Ave
Paducah, KY, 42001
Mccracken County
$62,000 3 2.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-466826 25 Cub Ct
East Point, KY, 41216
Floyd County
$35,000 3 2.00 Exclusive  08/05/2019 View Street
Map it
Email Info
201-500252 1024 Williams St
Maysville, KY, 41056
Mason County
$21,120 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-522693 167 Bridge Branch Rd
Allen, KY, 41601
Floyd County
$40,000 3 1.10 Extended  08/05/2019 View Street
Map it
Email Info
201-529534 2012 Granger Rd
Fairdale, KY, 40118
Jefferson County
$80,000 2 1.00 Exclusive  08/06/2019 View Street
Map it
Email Info
201-535817 304 Indian Dr
West Van Lear, KY, 41268
Johnson County
$125,000 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-546748 1738 Macedonia Rd
Adolphus, KY, 42120
Allen County
$102,000 3 1.00 Exclusive  08/06/2019 View Street
Map it
Email Info
201-581912 631 Peters Rd
Mc Kee, KY, 40447
Jackson County
$82,800 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-600689 383 Tygart St
Olive Hill, KY, 41164
Carter County
$49,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-602124 345 Church St
Lebanon Junction, KY, 40150
Bullitt County
$38,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-607030 114 Bethlehem Rd
Pleasureville, KY, 40057
Henry County
$100,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-613915 4039 Brewers Hwy
Benton, KY, 42025
Marshall County
$100,000 3 1.10 Exclusive  08/06/2019 View Street
Map it
Email Info
201-615020 2621 Harmons Ferry Rd
Utica, KY, 42376
Ohio County
$95,000 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-616777 1080 Lone Star Rd
Upton, KY, 42784
Hart County
$49,500 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info

 

 

 

 

 

 

Search Results for HUD Homes in KY

1 | 2 | 
34 listings found
List Gallery
Save Search Email Search View Map Export to Display:
5
10
20
Property Case Address Price Status Bed Bath Listing Period Bid Open Date Details
201-225565 2008 Standard Ave
Louisville, KY, 40210
Jefferson County
$12,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-308494 919 Rose Dr
Hopkinsville, KY, 42240
Christian County
$63,000 3 2.10 Extended  08/05/2019 View Street
Map it
Email Info
201-321862 1309 Couchtown Road
Busy, KY, 41723
Perry County
$40,000 5 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-335969 422 Daviess St
Harrodsburg, KY, 40330
Mercer County
$40,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-340123 178 Slate Ridge Rd
Lily, KY, 40740
Laurel County
$47,000 3 1.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-355195 359 Shadowwood Dr
Grayson, KY, 41143
Carter County
$55,800 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-369441 124 Nicholas St
Elizabethtown, KY, 42701
Hardin County
$35,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-373082 1414 Obryne St
Henderson, KY, 42420
Henderson County
$27,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-374214 2620 Thomas Ave
Louisville, KY, 40216
Jefferson County
$45,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-374690 5925 Dewitt Dr
Louisville, KY, 40258
Jefferson County
$108,000 2 1.10 Extended  08/05/2019 View Street
Map it
Email Info
201-375828 2816 Alabama St
Paducah, KY, 42001
Mccracken County
$25,000 2 1.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-393697 33 Mine 18 Road
Stearns, KY, 42647
Mccreary County
$44,100 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-397942 401 Ky Route 1107
Van Lear, KY, 41265
Johnson County
$77,000 3 2.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-398608 621 Scenic Dr
Harrodsburg, KY, 40330
Mercer County
$115,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-402408 380 Bent Creek Dr
Smiths Grove, KY, 42171
Barren County
$70,000 3 2.00 Exclusive  08/06/2019 View Street
Map it
Email Info
201-406743 223 Richmond Dr
Ermine, KY, 41815
Letcher County
$27,000 3 2.10 Exclusive  08/12/2019 View Street
Map it
Email Info
201-407638 1898 Apple House Rd
Beaver Dam, KY, 42320
Ohio County
$70,000 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-427286 9010 N Highway 421
Manchester, KY, 40962
Clay County
$40,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-429878 710 Old Brownie Rd
Central City, KY, 42330
Muhlenberg County
$44,000 4 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-441028 145 Weddington Lane
Prestonsburg, KY, 41653
Floyd County
$69,300 4 2.00 Extended  08/05/2019 View Street
Map it
Email Info
1 | 2 | 

Search Results for HUD Homes in KY

1 | 2 | 

 

hud-100-incentive-program-fha-home-loan-group-1

 

 

34 listings found
List Gallery
Save Search Email Search View Map Export to Display:
5
10
20
Property Case Address Price Status Bed Bath Listing Period Bid Open Date Details
201-464311 425 Denver Ave
Paducah, KY, 42001
Mccracken County
$62,000 3 2.00 Exclusive  08/12/2019 View Street
Map it
Email Info
201-466826 25 Cub Ct
East Point, KY, 41216
Floyd County
$35,000 3 2.00 Exclusive  08/05/2019 View Street
Map it
Email Info
201-500252 1024 Williams St
Maysville, KY, 41056
Mason County
$21,120 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-522693 167 Bridge Branch Rd
Allen, KY, 41601
Floyd County
$40,000 3 1.10 Extended  08/05/2019 View Street
Map it
Email Info
201-529534 2012 Granger Rd
Fairdale, KY, 40118
Jefferson County
$80,000 2 1.00 Exclusive  08/06/2019 View Street
Map it
Email Info
201-535817 304 Indian Dr
West Van Lear, KY, 41268
Johnson County
$125,000 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-546748 1738 Macedonia Rd
Adolphus, KY, 42120
Allen County
$102,000 3 1.00 Exclusive  08/06/2019 View Street
Map it
Email Info
201-581912 631 Peters Rd
Mc Kee, KY, 40447
Jackson County
$82,800 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-600689 383 Tygart St
Olive Hill, KY, 41164
Carter County
$49,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-602124 345 Church St
Lebanon Junction, KY, 40150
Bullitt County
$38,000 2 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-607030 114 Bethlehem Rd
Pleasureville, KY, 40057
Henry County
$100,000 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info
201-613915 4039 Brewers Hwy
Benton, KY, 42025
Marshall County
$100,000 3 1.10 Exclusive  08/06/2019 View Street
Map it
Email Info
201-615020 2621 Harmons Ferry Rd
Utica, KY, 42376
Ohio County
$95,000 3 2.00 Extended  08/05/2019 View Street
Map it
Email Info
201-616777 1080 Lone Star Rd
Upton, KY, 42784
Hart County
$49,500 3 1.00 Extended  08/05/2019 View Street
Map it
Email Info

If you want a personalized answer for your unique situation call, text, or email me or visit my website below:

Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916

American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364

click here for directions to our office

Text/call:      502-905-3708
fax:            502-327-9119
email:          kentuckyloan@gmail.com

https://www.mylouisvillekentuckymortgage.com/

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. NMLS#57916 http://www.nmlsconsumeraccess.org/

Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. The content in this marketing advertisement has not been approved, reviewed, sponsored or endorsed by any department or government agency. Rates are subject to change and are subject to borrower(s) qualification.

 

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Kentucky FHA loans have new guidelines for collections, judgements, and disputed accounts on credit report.

Kentucky FHA loans have new guidelines for collections, judgements, and disputed accounts on credit report. 

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I. ML 2013-25 (and 2013-24) – Collections, Judgments and Disputed Accounts
This guidance amends the TOTAL Scorecard User Guide (FHA’s guide for
using AUS) and is effective for all case numbers assigned on or after October
15, 2013. It applies to all FHA loans with the exception of non-credit
qualifying streamline refinance transactions.
A. FHA does not necessarily require collection accounts to be paid off for
approval, but it is recognized that collection efforts by the creditor could
affect the borrower’s ability to repay the mortgage. To that end, FHA is
requiring lenders to follow these guidelines when collection accounts are
present with an aggregate balance equal to or greater than $2000. When
the loan is rated approve/eligible or accept/accept by TOTAL:
1. If the cumulative outstanding balance of all collections is LESS than
$2000, then no further consideration is required.
2. If the cumulative outstanding balance of all collections of ALL
borrowers is equal to or greater than $2000 the lender must include
monthly payments in the borrower’s debt to income ratio for accounts
that will remain open after closing. This means that you will need to
document payment arrangements with the creditor and count the
payment or use 5% of the outstanding balance.
Note 1: Collections accounts of a non-purchasing spouse in a community
property state are included in the cumulative balance.
Note 2: Medical collections and charge offs are excluded from this
guidance.B. Judgments – Loans for borrowers with outstanding judgments are
generally not acceptable unless the following documentation is obtained.
a. Judgment must be on the credit report that is linked to the TOTAL
Scorecard findings and the findings must be “approve/eligible” or
“accept/accept.”
b. If the judgment will not be paid off and released prior to the
closing, evidence of a payment agreement may be considered. The
payment agreement must be in writing and provided at the time of
underwriting. Crescent will require evidence that 12 months
satisfactory payments have been made as scheduled. Borrowers
may not pre-pay scheduled payments in order to meet this
requirement. The monthly payment must be considered in the
borrower’s debt-to-income ratio for qualifying.
c. Any judgments that are discovered in the processing of the loan
that ARE NOT on the credit report linked to the TOTAL findings
require the loan to be manually downgraded to “refer” status.
Crescent does not approve loans that must be manually
downgraded.
d. A subordination agreement will be required for any judgment that
is also a lien against the borrower and/or the subject property.
C. Disputed Accounts – Because disputed accounts are not generally
considered in the borrower’s credit report FHA will now require loans of
borrowers who have derogatory disputed accounts with cumulative
balances of $1000 or more (excluding medical) to be downgraded to
“refer” findings and manually underwritten. As you are aware, Crescent
does not approve loans that require manual underwriting.
NOTE 1: Disputed derogatory credit account of a non-purchasing spouse
in a community property state are not included in the cumulative balance
for purposes of determining if the mortgage application must be
downgraded to a “refer.”
NOTE 2: Disputed medical collections are excluded from the $1000 limit
as are derogatory credit accounts resulting from identity theft, credit theft
unauthorized use, etc. However, documentation must be provided to
conclusively support the disputed status. Documentation might entail
police reports, letters from the creditor, etc.
II. ML 2013-26 – Back to Work-Extenuating Circumstances
The guidance provided in ML 13-26 requires loans to be manually
underwritten. For this reason Crescent cannot approve loans that need these
credit underwriting leniencies. III. ML 2013-29 – Application of Unused Funds from Escrow Account on
Refinance Transactions
This guidance is effective with case numbers assigned on or after November
1, 2013.
A. Unused funds from an escrow account that are not sent directly to the
borrower must be used for a purpose authorized by the borrower.
B. If the current servicer nets the escrow balance out of the payoff, it does not
change the way the new loan amount is calculated. You must still start
with the unpaid principal balance on the current loan, NOT the payoff
amount.
C. When the borrower has determined that they want the unused funds to be
applied to costs associated with the new FHA loan the lender is required
to:
a. Obtain a written authorization from the borrower to apply the funds
from an existing mortgage for any purpose prior to using them. The
borrower’s written authorization must clearly state the purpose for
which the authorization is provided.
b. The credit must show on the HUD-1 when the funds are applied to
settlement charges or to the new escrow account.
IV. Reminder: Loan officers are not to sign the initial 92900a (addendum to the
loan application for sponsored originator cases. This includes lenders who
have their FHA approval, but have not completed the test case phase of the
process.
A link to the FHA mortgagee letters is provided here > Mortgagee Letters.

Louisville Kentucky FHA Update Collections, Judgments, Disputes, Escrow Credits
Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell

kentuckyloan@gmail.com

--  Joel Lobb (NMLS#57916) Senior  Loan Officer 502-905-3708 cell 502-813-2795 fax kentuckyloan@gmail.com
– Collections, Judgments and Disputed Accounts for Kentucky FHA Loans

Back to Work Program in Kentucky for home buyers with previous short sale or foreclosure less than 2 years

Do you qualify for the Back to Work Program in Kentucky for home buyers with previous short sale or foreclosure less than 2 years?Back to Work Program, bad credit, Bankruptcy, FHA Back to work, foreclosure, job loss, Short Sales

 

download (1)

 

 

Joel Lobb (NMLS#57916)
Senior  Loan Officer
 
American Mortgage Solutions, Inc.
 800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
(: (502) 905-3708 | 7 Fax: (502) 327-9119|

 Company ID #1364 | MB73346

http://mylouisvillekentuckymortgage.com 

Kentucky First Time Home Buyer Loan Programs for FHA, VA, KHC, USDA, Mortgage Loans in Kentucky for 2019

FHA changes may aid those who lost homes.

Kentucky FHA changes may aid those who lost homes

The Federal Housing Authority has shortened the mandatory waiting periods for an Kentucky  FHA-insured mortgage loan for those who have undergone foreclosure, deed-in-lieu, taken a short sale or declared bankruptcy during the economic recession.

 

Through its new program, Back to Work—Extenuating Circumstances, the waiting period for most borrowers is now just 12 months instead of the typical three, seven or 10 years. Both first-time and repeat home-buyers can apply. “Most people do not know this program has been released, and are only renting because

If you feel like you qualify for this and live in Kentucky, please call or email me with your questions and I would be glad to see if you qualify for the new Kentucky FHA Program for free.

 

Joel Lobb (NMLS#57916)
Senior  Loan Officer
 
American Mortgage Solutions, Inc.
 800 Stone Creek Pkwy, Ste…

View original post 11 more words

Understanding PMI

Understanding PMI.

via Understanding PMI.

Understanding PMI

Trust me for your next FHA loan  Call 502-905-3708
Trust me for your next FHA loan Call 502-905-3708

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*

Louisville, KY 40222*

Steps for refinancing FHA Mortgage Loans

KEYC – Mankato News, Weather, Sports – – US rate on 30-year mortgage falls to 3.93 pct.

KEYC - Mankato News, Weather, Sports - - US rate on 30-year mortgage falls to 3.93 pct.

KEYC – Mankato News, Weather, Sports – – US rate on 30-year mortgage falls to 3.93 pct..

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Check out this great MSN video – The 3 best tips to higher credit scores

Check out this great MSN video – The 3 best tips to higher credit scores.

Ky FHA Guidelines/Bankruptcy

Ky FHA Guidelines/Bankruptcy.

 

 

FHA Guidelines/Bankruptcy « Louisville Kentucky Mortgage Loans