Louisville Kentucky Mortgage Programs 2011

Louisville Kentucky Mortgage Programs 2011


Louisville Kentucky Mortgage Programs

As an approved Louisville Kentucky  Fannie Mae (FNMA) and Louisville Ky FHA mortgage professional, I offer a wide array of kentucky loan programs, including Kentucky First Time Home Buyers Programs, Kentucky Refinance Programs, or Louisville Kentucky Renovation Home Programs. We lend on primary, secondary, and investment properties.

Kentucky Home Purchase Programs

Whether you’re a first-time homebuyer, upgrading to a new home, or buying an additional property, we offer a wide array of mortgage loan programs – many requiring a limited down payment (0 to 3%) for qualified individuals, both repeat and first time buyers.

Mortgage Program Highlights:
  • Fixed and adjustable rate options
  • $0 down payment options available
  • Up to 6% seller concessions
  • Down payment assistance and gifts permitted
  • Credit scores as low as 580
  • Debt to income ratios to 55.00% with automated approval
We specialize in the following Kentucky Home Mortgage Programs:
Conforming Agency (Conventional): Loans that conform to Fannie Mae and Freddie Mac guidelines, including maximum loan amount, borrower credit and income levels, down payment, and eligible properties.
Kentucky FHA: Loans insured by the Federal Housing Administration, a federal assistance program that promotes home ownership by offering low down payment options, lower interest rates and easier qualifications.
Kentucky VA: Loans guaranteed by the Department of Veterans Affairs for military service members with benefits like no down payment (100% financing) and competitive (and usually lower) interest rates.
Kentucky USDA: (United States Department of Agriculture) Government-insured rural development loans for the purchase of homes in rural areas with no down payment (100% financing), no monthly mortgage insurance and low interest rates.

KEntucky FHA 203(k): Loan program insured by the Federal Housing Administration (FHA) where purchase price and renovation costs are rolled into one loan amount. Two types:
  1. Standard (k) loan– no maximum for repairs, which can include structural renovations, room additions, roof repairs and replacement of plumbing.
  2. Streamline (k) loan – maximum of $35,000 for repairs including simple and cosmetic renovations like new flooring, kitchen/bathroom updates and gutter repair.
    See details of Stonegate’s Home Improvement Program (HIP) loans under Home Renovation Programs below.

Kentucky Housing Corporatino: KHC housing program for qualified first-time home buyers offering down payment and closing costs assistance up to $10,000 and lower rates.

Apply for a home loan by clicking the link below: It’s free and takes less than 5 minutes Or call us at 502-905-3708 for your free application over the phone


Louisville KY Home Loans

 Louisville KY Home Loans

Whether you are looking for great 30 year mortgage rates for a home in the Bonnycastle neighborhood of the Highlands District, low 5 year ARM rates for a place in Werne’s Row in Old Louisville, or unbelievable fha mortgage rates for a house in the South End, American Financial Resources is your low rate leader. Louisville, the county seat of Jefferson County, has grown into the largest city in Kentucky and offers its residents a laundry list of cultural and entertainment outlets. Whether you enjoy relaxing in the Louisville Waterfront Park, attending a show at the Kentucky Center, rooting for your favorite horse at the derby, or cruising on the Ohio River, Louisville offers something for everyone. If you are considering buying a home or refinancing your existing mortgage in the River City, give us a call. We can help you find the KY home loan you are searching for and some of the lowest Louisville mortgage rates anywhere.

Request Louisville Mortgage Rates and Program Information (3 options)

Louisville FHA Loan Options
Louisville KY Mobile Home Loans

Find Kentucky mortgage loan information for other parts of the state.
Bowling Green

Kentucky FHA HUD Homes for $100 Down

Kentucky HUD Homes for $100 Down


Kentucky HUD Homes for $100 Down

Call today for your free-preapproval and credit report 502-905-3708 or email kentukcyloan@gmail.com

$100 HUD Homes


$100 HUD Home Program

This Program allows people to take advantage of the Kentucky buyer‘s market, by purchasing a home owned byKentukcy  HUD with only a hundred dollars. Kentukcy FHA’s standard down payment requirement is waived. Closing costs, homeowners insurance, property taxes, and even repairs can all be financed using this special federal purchase-money loan program. The loan amount may go up to 110% of the home’s “as is” appraised value. The appraisal is provided by HUD, which is another benefit of this program. The buyer doesn’t have to pay for an appraisal, and there’s virtually no chance the appraisal will be challenged in underwriting.

HUD pays up to a 5% sales commission, which is not split with any local listing brokers. Sales commissions are earned only when representing buyers.

Kentukcy HUD Homes result from foreclosures on homes secured by Kentukcy FHA-insured mortgages.  Kentucky HUD homes are popular with bargain-minded investors, but for the first 10 days they’re available exclusively to bidders who will be owner-occupants. In other words, anyone who wants to buy a Kentukcy HUD home as their new primary residence has priority and gets the first chance to take advantage of these deals. The inventory of Kentukcy HUD homes changes frequently and is growing as foreclosures become more widespread.

Before making an offer on aKentukcy  HUD home, the buyer must be pre-approved for the necessary loan amount. A pre-qualification letter is not acceptable. Prior to submitting an offer on a HUD home, the lender must take an official loan application, approve supporting documents, and issue a preliminary loan commitment.

Like other government loans, Kentukcy FHA loans can only be used to purchase a primary residence, not second homes and investment properties. But despite what some people think, Kentucky FHA loans are not limited to first-time home buyers or low-income borrowers

Free credit report and Free pre-approvals within 1 hour..Call today at 502-905-3708 or email at kentuckyloan@gmail.com NMLS#5791