Louisville Mortgage Programs

Louisville Mortgage Programs

Louisville Conforming Loans
The term “conforming” specifically refers to the loan amount. FNMA (Federal National Mortgage Association, aka Fannie Mae) and FHLMC (Federal Home Loan Mortgage Corporation, aka Freddie Mac) are the government agencies that set this limit. The current loan limit is $417,000. If you borrow an amount less than or equal to $417,000, then your loan amount will be considered “conforming”, since you will be conforming to the FNMA and FHLMC guidelines. Please contact one of our professional Loan Consultants to discuss your personal situation.  Learn more and View rates.

Jumbo Loans
A jumbo loan is any loan amount greater than $417,000, which is the limit set by FNMA (Federal National Mortgage Association, aka Fannie Mae) and FHLMC (Federal Home Loan Mortgage Corporation, aka Freddie Mac). A “super jumbo” loan is any loan amount greater than $650,000. The qualifying guidelines for these mortgages can be strict, so be sure to contact one of our professional Loan Consultants to discuss your personal situation.  
Learn more and View rates.

Refinancing
If you would like to refinance your current Louisville Mortgage Programs mortgage, it would be our pleasure to assist you. There are many reasons why it might be to your benefit to refinance you rLouisville Mortgage Programs mortgage. In most cases, it would make sense to refinance if you could lower your rate, shorten the number of years remaining on your term or take out some of your equity. Perhaps you have an adjustable rate mortgage now, and would like the security of a fixed rate mortgage. One of our professional Loan Consultants can help you by showing you the cost to obtain a new mortgage and assess the overall savings to you.

You can make an application to refinance in one of three ways: 1) complete the on-line application through our secure website Apply Now, 2) via telephone (502) 905-3708 with one of our professional Loan Consultants, or 3) download and print the application and fax it to our office at (502)813-2795. We want the application process to be fast, easy, and convenient for you.  Learn more and View rates.

Debt Consolidation
Debt Consolidation loans use the equity in your home to reduce your overall indebtedness. Generally, you can reduce you monthly payments significantly by using equity to pay off high interest debts such as credit cards and personal loans. This is an excellent way to ‘unlock’ the equity in your home and put it to work saving you money!

Bruised Credit
If this is your situation, you must let us quote you a rate. We offer programs not found anywhere else. We have some of the best Louisville Mortgage conforming rates for every situation. Call us today! We make it easy, quick and totally confidential–you will not be sorry. Call toll free 1-502-905-3708.

Louisville FHA Loans
An Louisville  FHA loan is a loan for residential real estate guaranteed by the Department of Housing and Urban Development (HUD). FHA permits loans up to 96.5% of your purchase price and 97.75% of your homes value for a streamlined refinance or up to 95% of your homes value for a cash-out refinance. Loan limits are set by county in each state. Click the following link to determine the FHA loan limit for your area https://entp.hud.gov/idapp/html/hicostlook.cfm.

Louisville FHA loans permit flexible qualifying and rates that are comparable to conforming loan rates and fees. We offer Adjustable Rate and Fixed Rate loans in all of Kentucky Counties.  Learn more and View rates.

Louisville VA Loans
VA loans (or Veteran Administration Loans) guaranteed by the Department of Veterans Affairs, to assist our Louisville Veterans of military service with 100% financing for the purchase or refinance of their homes. Veterans may obtain financing in all 50 states and our rates are comparable to conforming fixed rate loans.  Learn more and View rates.

For VA eligibility information, click here.

Second Mortgage
Second Mortgages are called by many different names. They are sometimes called ‘Home Equity Loans’ or ‘Home Improvement Loans’. Regardless of the name, the loan is characterized by a second lien on your home. Second mortgages can typically be used to get ‘cash in hand’ to use for any reason.

There are basically two types of Second Mortgage Loans: Closed End and Open End.  Closed End Second Mortgages have an amortization period, and generally, a fixed rate. They pay off in a preset term.  Open End Second Mortgages are often called Home Equity Lines of Credit or HELOCs for short. They offer the ability to reuse the money as you repay the line. It works just like a credit card except the rate of interest is much lower. 

For both types of Second Mortgages, the interest you pay is usually tax deductible. To determine deductibility of mortgage interest, contact your tax advisor.

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FHA Home Loans in Kentucky

FHA Home Loans in Kentucky

FHA Home Loans in Kentucky

FHA loans have been helping Kentucky residents since 1934 A Kentucky FHA Lender can offer you a better loan including:

 

How it works: Determine the best type of FHA loan that best fits your needs

Complete an easy 2 minute form

An FHA Loan Specialist will respond within 1 business day.

Review with no obligations your loan approval and locked rate.

  • As of January 1, 2011, Borrowers can finance 96.5% of the purchase price and put down only 3.5 percent. In some instances, when combined with other types of loans, the down payment can be zero.
  • Allowable refinance up to 115% of your homes value.
  • Let us help roll your closing costs into your loan total.
Saturday Jan 8, 2011 9:00am Eastern
Product Interest Rate APR
Conforming 1and FHA Loans
30-Year Fixed 4.875% 5.065%
30-Year Fixed FHA 4.750% 5.624%
15-Year Fixed 4.250% 4.573%
5-Year ARM 3.375% 3.303%
5-Year ARM FHA 3.250% 3.170%
Larger Loan Amounts in Eligible Areas – Conforming and FHA.1
30-Year Fixed 5.125% 5.264%
30-Year Fixed FHA 4.750% 5.568%
5-Year ARM 3.750% 3.388%
Jumbo1 Loans – Amounts that exceed conforming loan limits1
30-Year Fixed 5.375% 5.516%
5-Year ARM 4.000% 3.478%
 
County Single Family 2 Units 3 Units 4 Units
ADAIR $200,160 $256,248 $309,744 $384,936
ALLEN $200,160 $256,248 $309,744 $384,936
ANDERSON $200,160 $256,248 $309,744 $384,936
BALLARD $200,160 $256,248 $309,744 $384,936
BARREN $200,160 $256,248 $309,744 $384,936
BATH $200,160 $256,248 $309,744 $384,936
BELL $200,160 $256,248 $309,744 $384,936
BOONE $252,700 $284,620 $345,800 $399,000
BOURBON $200,160 $256,248 $309,744 $384,936
BOYD $200,160 $256,248 $309,744 $384,936
BOYLE $200,160 $256,248 $309,744 $384,936
BRACKEN $252,700 $284,620 $345,800 $399,000
BREATHITT $200,160 $256,248 $309,744 $384,936
BRECKINRIDGE $200,160 $256,248 $309,744 $384,936
BULLITT $229,425 $258,405 $313,950 $384,936
BUTLER $200,160 $256,248 $309,744 $384,936
CALDWELL $200,160 $256,248 $309,744 $384,936
CALLOWAY $200,160 $256,248 $309,744 $384,936
CAMPBELL $252,700 $284,620 $345,800 $399,000
CARLISLE $200,160 $256,248 $309,744 $384,936
CARROLL $200,160 $256,248 $309,744 $384,936
CARTER $200,160 $256,248 $309,744 $384,936
CASEY $200,160 $256,248 $309,744 $384,936
CHRISTIAN $200,160 $256,248 $309,744 $384,936
CLARK $200,160 $256,248 $309,744 $384,936
CLAY $200,160 $256,248 $309,744 $384,936
CLINTON $200,160 $256,248 $309,744 $384,936
CRITTENDEN $200,160 $256,248 $309,744 $384,936
CUMBERLAND $200,160 $256,248 $309,744 $384,936
DAVIESS $200,160 $256,248 $309,744 $384,936
EDMONSON $200,160 $256,248 $309,744 $384,936
ELLIOTT $200,160 $256,248 $309,744 $384,936
ESTILL $200,160 $256,248 $309,744 $384,936
FAYETTE $200,160 $256,248 $309,744 $384,936
FLEMING $200,160 $256,248 $309,744 $384,936
FLOYD $200,160 $256,248 $309,744 $384,936
FRANKLIN $200,160 $256,248 $309,744 $384,936
FULTON $200,160 $256,248 $309,744 $384,936
GALLATIN $252,700 $284,620 $345,800 $399,000
GARRARD $200,160 $256,248 $309,744 $384,936
GRANT $252,700 $284,620 $345,800 $399,000
GRAVES $200,160 $256,248 $309,744 $384,936
GRAYSON $200,160 $256,248 $309,744 $384,936
GREEN $200,160 $256,248 $309,744 $384,936
GREENUP $200,160 $256,248 $309,744 $384,936
HANCOCK $200,160 $256,248 $309,744 $384,936
HARDIN $200,160 $256,248 $309,744 $384,936
HARLAN $200,160 $256,248 $309,744 $384,936
HARRISON $200,160 $256,248 $309,744 $384,936
HART $200,160 $256,248 $309,744 $384,936
HENDERSON $200,160 $256,248 $309,744 $384,936
HENRY $229,425 $258,405 $313,950 $384,936
HICKMAN $200,160 $256,248 $309,744 $384,936
HOPKINS $200,160 $256,248 $309,744 $384,936
JACKSON $200,160 $256,248 $309,744 $384,936
JEFFERSON $229,425 $258,405 $313,950 $384,936
JESSAMINE $200,160 $256,248 $309,744 $384,936
JOHNSON $200,160 $256,248 $309,744 $384,936
KENTON $252,700 $284,620 $345,800 $399,000
KNOTT $200,160 $256,248 $309,744 $384,936
KNOX $200,160 $256,248 $309,744 $384,936
LARUE $200,160 $256,248 $309,744 $384,936
LAUREL $200,160 $256,248 $309,744 $384,936
LAWRENCE $200,160 $256,248 $309,744 $384,936
LEE $200,160 $256,248 $309,744 $384,936
LESLIE $200,160 $256,248 $309,744 $384,936
LETCHER $200,160 $256,248 $309,744 $384,936
LEWIS $200,160 $256,248 $309,744 $384,936
LINCOLN $200,160 $256,248 $309,744 $384,936
LIVINGSTON $200,160 $256,248 $309,744 $384,936
LOGAN $200,160 $256,248 $309,744 $384,936
LYON $200,160 $256,248 $309,744 $384,936
MADISON $200,160 $256,248 $309,744 $384,936
MAGOFFIN $200,160 $256,248 $309,744 $384,936
MARION $200,160 $256,248 $309,744 $384,936
MARSHALL $200,160 $256,248 $309,744 $384,936
MARTIN $200,160 $256,248 $309,744 $384,936
MASON $200,160 $256,248 $309,744 $384,936
MCCRACKEN $200,160 $256,248 $309,744 $384,936
MCCREARY $200,160 $256,248 $309,744 $384,936
MCLEAN $200,160 $256,248 $309,744 $384,936
MEADE $229,425 $258,405 $313,950 $384,936
MENIFEE $200,160 $256,248 $309,744 $384,936
MERCER $200,160 $256,248 $309,744 $384,936
METCALFE $200,160 $256,248 $309,744 $384,936
MONROE $200,160 $256,248 $309,744 $384,936
MONTGOMERY $200,160 $256,248 $309,744 $384,936
MORGAN $200,160 $256,248 $309,744 $384,936
MUHLENBERG $200,160 $256,248 $309,744 $384,936
NELSON $229,425 $258,405 $313,950 $384,936
NICHOLAS $200,160 $256,248 $309,744 $384,936
OHIO $200,160 $256,248 $309,744 $384,936
OLDHAM $229,425 $258,405 $313,950 $384,936
OWEN $200,160 $256,248 $309,744 $384,936
OWSLEY $200,160 $256,248 $309,744 $384,936
PENDLETON $252,700 $284,620 $345,800 $399,000
PERRY $200,160 $256,248 $309,744 $384,936
PIKE $200,160 $256,248 $309,744 $384,936
POWELL $200,160 $256,248 $309,744 $384,936
PULASKI $200,160 $256,248 $309,744 $384,936
ROBERTSON $200,160 $256,248 $309,744 $384,936
ROCKCASTLE $200,160 $256,248 $309,744 $384,936
ROWAN $200,160 $256,248 $309,744 $384,936
RUSSELL $200,160 $256,248 $309,744 $384,936
SCOTT $200,160 $256,248 $309,744 $384,936
SHELBY $229,425 $258,405 $313,950 $384,936
SIMPSON $200,160 $256,248 $309,744 $384,936
SPENCER $229,425 $258,405 $313,950 $384,936
TAYLOR $200,160 $256,248 $309,744 $384,936
TODD $200,160 $256,248 $309,744 $384,936
TRIGG $200,160 $256,248 $309,744 $384,936
TRIMBLE $229,425 $258,405 $313,950 $384,936
UNION $200,160 $256,248 $309,744 $384,936
WARREN $200,160 $256,248 $309,744 $384,936
WASHINGTON $200,160 $256,248 $309,744 $384,936
WAYNE $200,160 $256,248 $309,744 $384,936
WEBSTER $200,160 $256,248 $309,744 $384,936
WHITLEY $200,160 $256,248 $309,744 $384,936
WOLFE $200,160 $256,248 $309,744 $384,936
WOODFORD $200,160 $256,248 $309,744 $384,936

 

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