Tuesday, January 16, 2018

Kentucky VA Appraisal Changes for 2018 VA Mortgage Loans

Roanoke VA Regional Loan Center Fee and Timeliness Schedule Effective September 1, 2017


Fees and Timeliness for Origination Appraisals Effective for all Kentucky VA Origination appraisals, repair inspections, and compliance inspection assignments,

please see the following table


Most VA Appraisal done in Kentucky now will costs $475 and VA will require the appraiser a 10 day turn time on completing the VA appraisal report.

Tuesday, January 9, 2018

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: $10,000 Down Payment Grant from Kentucky Housing f...

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: $10,000 Down Payment Grant from Kentucky Housing f...: No Cost or Obligation Easy Loan Process Flexible Underwriting Expert Advice on the Kentucky Housing $10,000 Grant for First Tim...

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

Thursday, January 4, 2018

KHC has $1.8 million available in MRB, Special Funding, for active or non-active duty veterans at a 2 percent interest rate, fixed for 30 years








Home Buyer Tax Credit Program Continues
Kentucky Housing Corporation (KHC) is pleased that the $1.5 trillion tax reform bill was signed into law, retaining the tax-exempt bonds and preserving the Mortgage Credit Certificate (MCC), Homebuyer Tax Credit, program.
$1,500 Affordable Closing Cost Fund - Extended
KHC still has $73,500 available for the Affordable Closing Cost Fund. The ACC Fund is a $1,500 gift, documented by the KHC Commitment Letter, for borrowers that utilize a conventional first mortgage and who fall under the Affordable DAP Income Limits. Pursuant to Fannie Mae Selling Guide under part B3-4.30-06: The $1,500 will show as a gift in the DU findings and the Closing Disclosure will show ACC Funds from KHC in Bucket L, Paid Already by or on behalf of Borrower at Closing. There is a special feature code 843 but it is not entered into DU. The loan must close by Wednesday, February 28, 2018.


Operation KY Home - MRB Special Funding Program
KHC has $1.8 million available in MRB, Special Funding, for active or non-active duty veterans at a 2 percent interest rate, fixed for 30 years. This special funding program is available on a first-come, first-served basis.
More information is available at www.OperationKYHome.com.
This program is targeted to:
  • Households whose gross annual income does not exceed $40,000.
  • An existing or new construction property (purchase price limit $130,000).
  • 620 minimum credit score.
  • FHA, VA or RHS first mortgage options.
  • Households who include active / non-active duty veterans or other persons receiving VA Benefits.                                           
Documentation may include but not limited to:
    • Leave and Earnings Statement (LES)
    • DD214 - Discharge from Active Duty
    • VA Award Letter
  • Must meet insuring agency guidelines.
  • Available statewide.
  • Both Regular and Affordable DAP are available.





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


http://www.nmlsconsumeraccess.org/

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.

Benefits.gov Basic FHA Insured Home Mortgage Update

Benefits.gov Basic FHA Insured Home Mortgage Update

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 Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Beshear: Nearly 550 Kentuckians Faced With Home Fo...

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Beshear: Nearly 550 Kentuckians Faced With Home Fo...: Beshear: Nearly 550 Kentuckians Faced With Home Foreclosures Eligible for Payments : In Kentucky, 548 borrowers are eligible for a paymen...

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