KENTUCKY HUD HOMES FOR SALE

KENTUCKY FHA $100 DOWN PROGRAM FOR HOMEBUYERS IN KENTUCKY

Kiss-your-landlord-goodbye

FHA’s $100 Down Program is allowed for Kentucky Home Buyers buying a home that is owned by HUD or FHA. The $100 Down sales incentive permits a Borrower to purchase a HUD REO Property with FHA-insured financing with a minimum downpayment of $100.

This program can ONLY be used to purchase homes owned by HUD OR FHA.

Check the link below to see if any properties are offered in your area. If a property is eligible, the listing on the website will specify $100 Down Financing Incentivize.

You can find all current listings for sale by HUD here.

100 down payment

The main factors in qualifying for this Kentucky FHA program are that the property must be a HUD REO property and purchased using FHA Financing, aside from these, the requirements include:

Occupancy: The property must be purchased for use as your Primary Residence.

Property Type: Eligible properties include 1 or 2 unit homes, manufactured homes, condos, and PUDs.

Full Price Offer: You must submit an offer for the full listing price. Typically, when you purchase a home, you make an offer to the seller…. we all want to get the best deal so you may offer less than the asking price… or you may offer more if the home you want is being bid on by many buyers…. With HUD REO properties this is not allowed. The sales price HUD has on the listing is what you must offer.

Sales Contract: The $100 down payment incentive must be included on the executed sales contract.

Cannot have purchased a HUD home within the preceding 24 months

Credit Score: 580 is the minimum FICO score you must have to qualify for a FHA Kentucky Home Buyer using the HUD $100 Down loan program.
Usually takes about 30-45 days to close
Earnest Money Deposit usually needs to be at least $500 to $1000
This is a manual underwriter meaning that your debt to income ratio has to be 31 and 43% respectively
No Chapter 7 Bankruptcies in last two years
No Foreclosures in last 3 years
Clear Cavirs on borrowers.

*Required field, except if Property Case # or Zip Code is entered

Search Results for HUD Homes in KY

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Property Case	Address	Price	Status	Bed	Bath	Listing Period	Bid Open Date	Details
201-271516	345 Concord Dr White Plains, KY, 42464 Hopkins County	$13,600		3	1.00	Extended	11/29/2018	View Street Map it Email Info
201-278709	793 Highway 16 Glencoe, KY, 41046 Gallatin County	$24,000		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-339965	2750 Latonia Ave Covington, KY, 41015 Kenton County	$33,600		2	1.10	Exclusive	12/03/2018	View Street Map it Email Info
201-340924	1309 Little Pigeon Ct Lexington, KY, 40515 Fayette County	$63,000		3	1.00	Lottery	11/29/2018	View Street Map it Email Info
201-347762	307 Elkhorn Green Pl Georgetown, KY, 40324 Scott County	$105,000		4	2.10	Exclusive	11/29/2018	View Street Map it Email Info
201-348170	820 Mars Dr Verona, KY, 41092 Gallatin County	$48,000		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-362370	194 Batton Loop Morehead, KY, 40351 Rowan County	$59,400		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-368065	199 Lake Trail Land Russell Springs, KY, 42642 Russell County	$34,400		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-370012	112 Cherry Lane Frankfort, KY, 40601 Franklin County	$50,000		2	2.00	Exclusive	12/03/2018	View Street Map it Email Info
201-372013	10057 Elizabethtown Rd Big Clifty, KY, 42712 Grayson County	$32,000		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-386189	4701 Dohn Rd Louisville, KY, 40216 Jefferson County	$51,000		3	1.00	Exclusive	12/10/2018	View Street Map it Email Info
201-387184	12804 Walnut Creek Dr Alexandria, KY, 41001 Campbell County	$159,000		4	2.10	Extended	11/29/2018	View Street Map it Email Info
201-391357	38 Lovelaceville Rd Lovelaceville, KY, 42060 Ballard County	$19,600		2	1.00	Extended	11/29/2018	View Street Map it Email Info
201-393499	620 Main Street Uniontown, KY, 42461 Union County	$26,100		3	1.00	Extended	11/29/2018	View Street Map it Email Info
201-396375	119 Crane St Somerset, KY, 42501 Pulaski County	$30,000		2	1.00	Exclusive	11/29/2018	View Street Map it Email Info
201-401444	151 Eastside Park Dr Butler, KY, 41006 Pendleton County	$50,400		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-407845	824 Pike St Sadieville, KY, 40370 Scott County	$27,000		1	1.00	Extended	11/29/2018	View Street Map it Email Info
201-411349	115 Jimmy Lovell Ro Dawson Springs, KY, 42408 Hopkins County	$75,000		2	1.10	Exclusive	12/10/2018	View Street Map it Email Info
201-412276	386 W Elm St Clay, KY, 42404 Webster County	$35,000		3	2.10	Exclusive	12/03/2018	View Street Map it Email Info
201-417838	147 Main Street Newport, KY, 41071 Campbell County	$38,500		1	1.00	Extended	11/29/2018	View Street Map it Email Info

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Search Results for HUD Homes in KY

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47 listings found

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Property Case	Address	Price	Status	Bed	Bath	Listing Period	Bid Open Date	Details
201-427873	229 Rosedale Ct Covington, KY, 41015 Kenton County	$42,400		2	1.00	Extended	11/29/2018	View Street Map it Email Info
201-445853	902 Deer Haven Dr Owensboro, KY, 42301 Daviess County	$63,000		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-448631	13302 Horncastle Ave Louisville, KY, 40272 Jefferson County	$65,000		4	1.10	Exclusive	11/30/2018	View Street Map it Email Info
201-461769	511 1/2 Cleaver St Elizabethtown, KY, 42701 Hardin County	$20,000		1	1.00	Exclusive	12/03/2018	View Street Map it Email Info
201-481525	216 10th St Carrollton, KY, 41008 Carroll County	$117,000		4	2.00	Extended	11/29/2018	View Street Map it Email Info
201-483660	204 Village Dr Frankfort, KY, 40601 Franklin County	$143,000		3	2.10	Exclusive	11/29/2018	View Street Map it Email Info
201-484750	3256 N Highway 259 Hardinsburg, KY, 40143 Breckinridge County	$45,000		3	1.00	Extended	11/29/2018	View Street Map it Email Info
201-503727	207 Canyon Ridge Rd Wellington, KY, 40387 Menifee County	$76,000		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-510934	5685 Old State Rd Guston, KY, 40142 Meade County	$60,000		3	1.00	Extended	11/29/2018	View Street Map it Email Info
201-513130	109 W Chestnut St Carlisle, KY, 40311 Nicholas County	$73,000		3	2.00	Exclusive	11/29/2018	View Street Map it Email Info
201-528046	330 Brookside Dr Danville, KY, 40422 Boyle County	$175,000		4	3.00	Extended	11/29/2018	View Street Map it Email Info
201-536556	1504 Robinson St Grayson, KY, 41143 Carter County	$46,400		3	1.00	Extended	11/29/2018	View Street Map it Email Info
201-537032	307 Liberty St Carlisle, KY, 40311 Nicholas County	$40,000		3	1.00	Exclusive	11/29/2018	View Street Map it Email Info
201-546596	38 Harrison Holw Belfry, KY, 41514 Pike County	$7,000		0	0.00	Extended	11/29/2018	View Street Map it Email Info
201-547160	324 Malone Rd Bradfordsville, KY, 40009 Marion County	$40,000		3	2.00	Exclusive	12/07/2018	View Street Map it Email Info
201-550376	3904 Taffy Rd Whitesville, KY, 42378 Ohio County	$50,000		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-557096	237 Wright St Frankfort, KY, 40601 Franklin County	$40,000		3	1.00	Extended	11/29/2018	View Street Map it Email Info
201-560972	5457 Ky Route 680 Grethel, KY, 41631 Floyd County	$76,000		4	2.10	Extended	11/29/2018	View Street Map it Email Info
201-576631	67 Snake Lick Rd Berry, KY, 41003 Harrison County	$45,000		3	2.00	Exclusive	11/29/2018	View Street Map it Email Info
201-580027	255 Kingsway Dr Frankfort, KY, 40601 Franklin County	$65,000		3	2.00	Extended	11/29/2018	View Street Map it Email Info

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Search Results for HUD Homes in KY

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47 listings found

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Property Case	Address	Price	Status	Bed	Bath	Listing Period	Bid Open Date	Details
201-580611	2410 Paddock Ln Louisville, KY, 40216 Jefferson County	$88,000		4	1.00	Exclusive	11/30/2018	View Street Map it Email Info
201-580733	2294 Josephine Rd Stamping Ground, KY, 40379 Scott County	$108,000		4	2.00	Extended	11/29/2018	View Street Map it Email Info
201-583071	104 Jonathan Ct Somerset, KY, 42503 Pulaski County	$108,900		4	2.00	Extended	11/29/2018	View Street Map it Email Info
201-590501	13255 Dawson Springs Rd Crofton, KY, 42217 Christian County	$45,000		3	1.00	Exclusive	12/07/2018	View Street Map it Email Info
201-601254	1044 Scenic Dr Radcliff, KY, 40160 Hardin County	$132,300		3	2.00	Extended	11/29/2018	View Street Map it Email Info
201-604473	8180 Georgetown Rd Owenton, KY, 40359 Owen County	$69,000		3	2.00	Exclusive	12/07/2018	View Street Map it Email Info
202-019773	516 Wood Street Maysville, KY, 41056 Mason County	$25,000		3	1.00	Extended	11/29/2018	View Street Map it Email Info

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Foreclosure Guidelines for FHA Mortgage Loans in Kentucky

FHA Loans in Kentucky with Foreclosure in the Past:

3 years from transfer date on Commissioner’s or Transfer deed must have elapsed prior to case number assignment date
An exception to the 3 year requirement may be granted if the foreclosure was caused by extenuating circumstances beyond the borrower’s control such as a serious illness or death of a wage earner and the borrower has re-established good credit since the foreclosure. If the exception is granted, the loan must meet all manual underwriting guidelines.
Divorce is not an extenuating circumstance however an exception may be granted if the mortgage was current at the time of the borrower’s divorce and the ex-spouse received the property and the mortgage was later foreclosed.
Inability to sell the property due to job transfer or relocation is not considered an extenuating circumstance
3 years from transfer of title. Case number assignment cannot be ordered until the wait period has elapsed
Same Extenuating Circumstance criteria as Foreclosures
Pre-Foreclosure (Short Sale) exception for Borrower Current at the Time of Short Sale

All mortgage payments on the prior mortgage were made within the month due for the 12 month period preceding the Short Sale;and
All installment debt payments for the same time period were also made within the month due

Exceptions to the 3 year wait time must follow manual guidelines

http://www.emailmeform.com/builder/form/0bfJs9b6bK8TGoc6mQk9hIu

Joel Lobb (NMLS#57916)
Senior Loan Officer

American Mortgage Solutions, Inc.

10602 Timberwood Circle Suite 3

Louisville, KY 40223

Company ID #1364 | MB73346

Text/call 502-905-3708
kentuckyloan@gmail.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.

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905 3708.

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 definitely recommend 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 June 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

Joel Lobb (NMLS#57916)
Senior Loan Officer

American Mortgage Solutions, Inc.

10602 Timberwood Circle Suite 3

Louisville, KY 40223

Company ID #1364 | MB73346

Text/call 502-905-3708
kentuckyloan@gmail.com

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.

—

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. This website participates as an Equal Opportunity Lender. All rights Reserved. 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.

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If You register to use or provide services using American Mortgage Solutions., we may collect and store information that specifically identifies You or your account (“Personally Identifiable Information”). The required information may include your User ID, password, first name, last name, business name, address, city, state, zip/postal code, phone, fax, email and web site address. We may, in the future, include other optional requests for information from You, to help us to tailor the Site for You and deliver personalized information to You.

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At this time we do not display banner advertising on our site, but we may send You email communications including information that we think may be of interest to You. You may opt out of receiving these promotional email communications, either when You register to become a Member, or at any time thereafter by contacting us.

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The demographic information that American Mortgage Solutions. collects in the registration process and through online surveys may be used to help us improve our services to meet the needs and preferences of our Users. This may include targeting advertising to You about our services. Information we gather through a contest may also be disclosed to third parties as necessary for prize fulfillment and other aspects of any contest or similar offering.

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American Mortgage Solutions. constantly seeks to improve the quality of the services We provide and the User experience on the Site. We value your input and encourage You to help us expand and make improvements to the Site by providing Us with any thoughts or comments You might have regarding our services or the operation of the Site. You can submit any comments by contacting us. If You provide this information, we will only use it to acknowledge or respond to your comments. In certain circumstances, we may ask for your permission to post your comments in marketing or promotional materials.

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We will use commercially reasonable methods to keep Personally Identifiable Information securely in our files and systems. Please note that with current technology, we cannot guarantee the security of your data as it travels over the Internet.

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American Mortgage Solutions. and other parties not affiliated with us may collect Personally Identifiable Information about your online activities over time and across different websites when you use our website or the services offered on our website. Industry standards regarding how to handle “Do Not Track” requests from web browsers are still evolving and there is currently no set of industry standards for handling such requests. As such we may not separately respond to or take any action with respect to a “do not track” configuration set in your internet browser. At this time, we do not have any protocol in place that allows you to opt-out of internet tracking. If you have any questions regarding our internet tracking methods please contact us.
Terminating Your Membership.
We save your Personally Identifiable Information until your membership with us is terminated. To terminate your membership, contact us. If You terminate your membership, your Personally Identifiable Information cannot be recovered. You may continue to receive email communications for a short period of time until we have updated all of our databases. After termination of your membership, your Personally Identifiable Information may remain on our archived database and records for a reasonable time as residual information. We will not use this residual information. Notwithstanding the above, we will maintain information on Users who have been removed for violating our Membership Agreement.

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To correct and/or update your information, please contact us.

Contacting Us.
If You have any questions about this Privacy Agreement or the practices of this Site, you may contact us at:
American Mortgage Solutions.
Customer Service
10602 Timberwood Circle, Suite 3
Louisville, Kentucky 40223
502-905-3708

KENTUCKY FHA $100 DOWN PROGRAM FOR HOMEBUYERS IN KENTUCKY​

Search Results for HUD Homes in KY

Search Results for HUD Homes in KY

Search Results for HUD Homes in KY

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If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.

KENTUCKY FHA $100 DOWN PROGRAM FOR HOMEBUYERS IN KENTUCKY