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

 

Buying A HUD Home in Kentucky $100 Down FHA loan

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

 

 

Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916

 

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#57916http://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.

 

First Time Home Buyer Programs Louisville Kentucky

First Time Home Buyer Programs Louisville Kentucky.

via First Time Home Buyer Programs Louisville Kentucky.

 

 

Louisville Kentucky Mortgage Rates

Louisville Kentucky Mortgage Rates.

via Louisville Kentucky Mortgage Rates.

 

 

Joel Lobb
Senior  Loan Officer
(NMLS#57916)
 
 Fax:     (502) 327-9119
 
 

The difference between a front-end and a back-end debt-to-income ratio for a Kentucky Mortgage Loan FHA, VA, KHC, USDA, Fannie Mae

The difference between a front-end and a back-end debt-to-income ratio for a Kentucky Mortgage Loan FHA, VA, KHC, USDA, Fannie Mae.

via The difference between a front-end and a back-end debt-to-income ratio for a Kentucky Mortgage Loan FHA, VA, KHC, USDA, Fannie Mae.

Frequently Asked Questions about FHA Kentucky Home Loans

Frequently Asked Questions about FHA Kentucky Home Loans.

via Frequently Asked Questions about FHA Kentucky Home Loans.

 

FHA to 50%…up to 55% with comp factors and a strong borrower

Manual UW’s on FHA/ to 620 Score

FHA purchases and R/t refi’s down to a 580 with DU Approved Eligible

— 

 
Joel Lobb
Senior  Loan Officer

(NMLS#57916)
 
American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346

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

 

Kentucky FHA Loan Guidelines for Credit, Down payment, income,

HA has published the following guideline updates, which will be effective for all loans with case numbers assigned on or after September 9th
  • Specific verbiage for Well Water Testing has been added indicating that it must be performed by a disinterested party in a method acceptable to the local health authority. The borrower or any other interested party may not have contact with the sample. Additionally, cases mandating a Well Water Test have been added to include (but not limited to) the following
    • Newly constructed properties and/or wells
    • Properties with deficiencies in the well or well water as determined by an appraiser
    • Areas where water has been reported or is otherwise known to be unsafe
    • Properties located in close proximity to dumps, landfills, industrial sites, farms, or other sites that could contain hazardous waste
    • Properties where distance between well and septic systems is less than 100 feet
  • Clarification issued indicating Overtime, Bonus, or Tip Income must be calculated using the lesser of
    • Average Overtime, Bonus, or Tip income earned over the previous 2 years (or if earned less than 2 years, the total length of time it has been received); OR
    • Average Overtime, Bonus, or Tip income earned over the previous year
  • All requirements regarding unreimbursed business expenses and Commission Income or Automobile Allowances has been completely removed to align with current IRS tax laws
  • Mortgagees and Third Party Originators have been specifically added to the list of parties to which Interested Party Contribution (IPC) limits apply, with the exception that Premium Pricing credits do not apply to the IPC limit unless the mortgagee is also acting as the seller, agent, builder, or developer.
  • Rent Below Fair Market has been defined as an inducement to purchase when the borrower is allowed to live in the property rent free or at a rental amount more than 10 percent under the fair market rent as determined by the appraiser.
  • Disaster Certifications and new Appraisals in Disaster Areas must now be dated at least 14 days after the Incident Period start date. NOTE: This requirement is in addition to the standard Century Disaster Area Policy.
  • Clarification has been added that Reduction in Term for Streamline Refinances refers specifically to the reduction of the remaining amortization period of the existing mortgage.
  • Manual Underwriting Tips for FHA
    Don’t Forget to Submit!
    • Verbal VOE, paystub(s) covering most recent 30 day period, W2’s for the past 2 years
    • 2 year employment history
    • At least 1 months reserves from the borrower’s own funds (cannot be a gift); 3 months required for 3-4 unit properties
    • VOR or 12 months cancelled checks if credit does not report last 12 months housing history
    • LOX for any derogatory credit or any late payments within the last 24 months
    DTI Requirements:
    • 31/43% FHA (no compensating factors required)
    What can trigger a downgrade to manual underwrite?
    • $1,000 or more in Disputed Derogatory Credit Accounts
    • 20% or greater decline in self employed income
    • Mortgage lates in the last 12 months (see guidelines for full list)
    Payment History Requirements:
    • All mortgage and installment loan payments must have been on time within the last 12 months and no more than two 30 day lates within the last 24 months
    • No derogatory credit on revolving accounts in the last 12 months
  • FHA – Underwriting must follow DU to determine if a collection account must be paid, even on a manual underwrite. Typically DU will require the following:
    • If the credit report shows a cumulative balance of $2,000 or more for collection accounts:
    • The debt(s) must be paid in full prior to or at closing, or
    • Payment arrangements must be made with the creditor and the monthly payment included in the DTI, or
    • A monthly payment of 5% of the outstanding balances of each collection must be included in the borrower’s DTI.
    • Collection accounts of non-borrowing spouses in a community property state must be included in the $2,000 cumulative balance and analyzed as part of the Borrower’s ability to pay all collection accounts. Community property states are Arizona, California, Texas, Washington, and Wisconsin.

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 and USDA Mortgage Loans in Kentucky

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…

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