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
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5
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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.

 

How to get rid of Mortgage Insurance on a Kentucky Mortgage Loan.

Eliminate FHA Mortgage Insurance On Your Kentucky FHA Loan.
 
 
Mortgage insurance premium can add almost $200 to the payment on a $265,000 FHA mortgage.  The decision to get an FHA loan may have been the lower down payment requirement or the lower credit score levels, but now that you have the loan, is it possible to eliminate it?
 
Mortgage Insurance Premium protects lenders in case of a borrower’s default and is required on FHA loans.  The Up-Front MIP is currently 1.75% of the base loan amount and paid at the time of closing.  Annual MIP for loans with greater than 95% loan-to-value is .85% per year. 
 
For loans with FHA case numbers assigned before June 3, 2013, when the loan is paid down to 78% of the original loan amount, the MIP can be cancelled.  The borrower may need to contact the current servicer.
 
However, for loans greater than 90% with FHA case numbers assigned on or after that date, the MIP is required for the term of the loan.
 
Most homeowners with FHA mortgages are not eligible to cancel the MIP because they either originated their loan after June 3, 2013, put less than 10% down payment and/or got a 30-year loan.  If they have at least 20% equity in the home, they can refinance the home with an 80% conventional loan which in most cases, does not require mortgage insurance.
 
With normal amortization on a 30-year loan, it takes approximately 11-years to reduce the original loan to the 78-80% requirement based on normal amortization.  There is another dynamic involved which is the appreciation on the home.  As the home goes up in value and the unpaid balance goes down, the equity increases.
 
If the homeowners believe that they have enough equity that would eliminate the need for mortgage insurance, they can investigate refinancing with a conventional loan.  Borrowers refinancing will incur expenses in starting a new mortgage and the interest rate may be higher than the existing rate.  Analysis will determine how long it will take to recapture the cost of refinancing.
 
American Mortgage Solutions, Inc.
10602 Timberwood Circle Suite 3
Louisville, KY 40223
Company ID #1364 | MB73346
 


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

http://www.nmlsconsumeraccess.org/
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.
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.

Kentucky FHA Mortgage Guidelines Changes for 2015

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Did You Know that Kentucky Mortgage FHA Income Requirements changed in October 2015?

• Job Changes –

FHA loan rules instruct lenders to, favorably consider a borrower for a mortgage if he/she changes jobs frequently within the same line of work, but continues to advance in income or benefits. In this instance, income stability takes precedence over job stability.

And FHA loan applicants who have been out of a job for a while but have since returned to employment may have their income considered effective and stable when recently returning to work after an extended absence if he/she:
–is employed in the current job for six months or longer, and
–can document a two year work history prior to an absence from employment using traditional employment verifications, and/or copies of W-2 forms or pay stubs.

Note: An acceptable employment situation includes an individual who took several years off from employment to raise children, then returned to the workforce.

• Employment Gaps –

For borrowers with gaps – FHA does not require a minimum length of time that a borrower must have held a position of employment. However, the lender must verify the borrowers employment for the most recent two full years, and the borrower must:
–explain any gaps in employment that span one or more months, and
–indicate if he/she was in school or the military during the most recent two full years, providing evidence supporting this claim, such as college transcripts, or discharge papers.

When analyzing the probability of continued employment, the lender must examine –the borrowers past employment record
–qualifications for the position
–previous training and education, and
–the employers confirmation of continued employment

images (3)

Joel Lobb
Senior Loan Officer
(NMLS#57916)

 

phone: (502) 905-3708
Fax: (502) 327-9119
kentuckyloan@gmail.com
http://www.mylouisvillekentuckymortgage.com/

 

 

 

 

Annual MIP Rates for Kentucky FHA Mortgage Loans have been Reduced for 2015

FHA
Annual MIP Rates for Kentucky FHA Mortgage Loans have been Reduced
Per the HUD Mortgagee Letter published January 9th, 2015, there will be a “reduction of Federal Housing Administration (FHA) annual Mortgage Insurance Premium (MIP) rates and Temporary Case Cancellation Authority”. This will be “effective for case numbers assigned on or after January 26, 2015“.

NOTE:  15 YR PREMIUMS ARE REMAINING THE SAME.


Up Front MIP (UFMIP)

UFMIP for all FHA transactions remains unchanged at this time.

MI duration

The duration of MI for FHA loans is also unchanged, remaining effective for life of loan for most transactions.  Refer to ML 2013-04 for details.

images (6)
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

 refinance_buttonprequalify_buttonheader-contac-us

FHA mortgage insurance premiums won’t be going down in 2015 | 2014-11-18 | HousingWire

FHA mortgage insurance premiums won’t be going down in 2015 | 2014-11-18 | HousingWire.

What are the 2014 Kentucky FHA Guidelines for credit scores, down payments, cash out, and mortgage insurance requirements for a FHA Mortgage loan?

Kentucky FHA Program guidelines have been updated as follows:

For a Kentucky FHA Purchase Loan, we can go down to a 600 credit score with the minimum down payment of 3.5%.  No bankruptcies or foreclosures in the last 2 years.

If you are getting cash out, then the max loan to value or equity position is limited to 85% of the homes value. For example, if you had a home that was valued at $100,000, then the max loan for a FHA Cash Out in Kentucky would be $85,000.00. You still have to may mortgage insurance for life of loan so think carefully about using FHA for a cashout refinance.

The maximum debt to income ratios will be set by the AUS when we run it, but for a refer, it will be limited to 31% and 43% respectively. For example, if you make $3000 a month gross income, the max house payment would be $930.00 piti, and the maximum monthly payments including the new house payment would be $1290.00. So in the above example, the most you could have left in monthly bills listed on the credit report would be $360.00–If you had child support this would count in the dti calculation on the backend ratio of 43%

The seller can pay up to 6% of the buyer’s closing costs and prepaids (property taxes, home insurance for 1st years escrows) of the sales price. So, if you purchased a home for $100,000.00, the seller could give you a concession at closing to pay your closing costs and prepaids. A lot of Kentucky First Time homebuyers use this to limit their cash to close.

The minimum down payment of 3.5% for Kentucky FHA Loans can come from a family member in the form of a gift, or can be borrowed from a 401k, retirement account, or secured asset like a car.

• Seller must own the property a minimum of 90 days prior to the contract date.

FHA loans do not require a termite or home inspection, but they do require a HUD appraisal by a FHA approved Appraiser.

The following changes are effective for all Kentucky  FHA case numbers assigned on or after June 3, 2013: FHA is changing the duration for the collection of MIP
o For all mortgages with an original principal LTV of 90% or less, regardless of loan term, the annual MIP will be assessed for 11 years.
o For all mortgages with an original principal LTV greater than 90%, regardless of loan term, the annual MIP will be assessed for the entire life of the loan.

Loans of 15 year terms or less with LTV 78% or less will pay an MIP amount of 45 bps.

FHA Streamlines Prior to June 2009
FHA Streamlines with case numbers dated June 11, 2012 or later will have new MIP rules applied. If the loan being refinanced was endorsed on or before May 31, 2009, the new Streamline will receive a flat annual MIP of 55 basis points, regardless of loan amount, and the UFMIP ratio will decrease to 0.01% of the base loan amount.

 

 

2014 Kentucky FHA Loan Guidelines for Credit, Down payment, income,

Senior Loan Officer
(NMLS#57916)

American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223

phone: (502) 905-3708
Fax: (502) 327-9119
kentuckyloan@gmail.com

Company ID #1364 | MB73346
http://mylouisvillekentuckymortgage.com/

 

FHA loans are secured through the FHA, or Federal Housing Administration
FHA loans are secured through the FHA, or Federal Housing Administration

FHA Back to Work Extenuating Circumstances Works!

FHA Back to Work Extenuating Circumstances Works, FHA Back to Work Program, Success Story, FHA Loans

via FHA Back to Work Extenuating Circumstances Works!.