Sunday, May 29, 2011

Current Louisville Kentucky Mortgage Rates Today 05/29/2011

Current Louisville Kentucky Mortgage Rates Today 05/29/2011








Best Current Louisville KY Mortgage Rates Today

 I am available from 9 AM to 9 PM daily. I make every effort to take all calls and respond to email promptly.

Current Mortgage Rates in KY: FHA/VA,KHC,USDA,Conventional


Current Louisville Kentucky Mortgage Rates for today
Mortgage Product Mortgage Rates (APR)

15 Year Fixed Conventional      3.750%         4.135% apr
30 Year Fixed Conventional      4.375%         4.834% apr
30 Year Fixed FHA                  4.250%         5.275% apr
30 Year Fixed  USDA              4.625%         5.288% apr
30 year Fixed VA                     4.375%         5.189% apr
30 year Fixed KHC                  4.500%         5.377% apr

Current Louisville Kentucky Mortgage Rates
Current Rates are subject to qualifying criteria
Current Rates are subject to change without notice.

Free Credit Report and Pre qualifications available anytime. 

Key Financial Mortgage of KY is a licensed mortgage broker in the state of Kentucky (NMLS#1800) Key Financial Mortgage of KY is not a part of, nor are we affiliated with, the VA, FHA/HUD, USDA. These entities are a government agency, not a lender. They simply insures the mortgages; they do not loan the money. Joel Lobb (NMLS#57916) is a licensed mortgage  loan officer in the state of Kentucky.



Current Louisville Kentucky Mortgage Rates are updated daily at this blog

Kentucky VA Facts and Mortgage Resources

Kentucky VA  Facts and Mortgage Resources

We have helped people all over Kentucky  improve their financial outlook, get a great Mortgage and save money every month. We can get you better Mortgage rates in Kentucky.
Kentucky State Web Site - kentucky.gov
Kentucky Population - 4,041,769
Kentucky State Governor - Steve Beshear
Kentucky State Real Estate Listings - from Home Gain
Kentucky Department of Housing and Urban Development - HUD Kentucky
Kentucky State News - Latest Kentucky news

Tuesday, May 24, 2011

Free credit report and Free pre-approvals within 1 hour
Free credit report and Free pre-approvals within 1 hour
Louisville Kentucky Mortgage
107 South Husrtbourne Parkway, Louisville, KY | (502) 905-3708
Louisville coupon from www.topix.com
Expires: 06/01/11
More about Louisville Kentucky Mortgage
I specialize in Kentucky FHA/VA ,USDA, KHC, Conventional mortgage loans (Fannie Mae)in Ky. I am based out of Louisville Kentucky. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; For the first time buyer with little money, Kentucky Housing/KHC offers(zero-down)loans with downpayment assistance. Free credit report and Free pre-approvals within 1 hour..Call me today at 502-905-3708 or email me at kentuckyloan@gmail.com NMLS#57916

Louisville, Kentucky, United States
I have helped over 589 families buy or refinance their home over the last 13 years. You can trust me for your next mortgage loan. I deliver on what I say and I will give you honest, up-front personal attention you deserve for your home loan. I have several advantages over the big- mega banks in town. First, I can shop your loan thru different mortgage companies across the country to get you the best deal out there; whereas most banks will offer offer you their one and only deal. I have access to over 15 different mortgage companies to broker your loan thru. My rates and fees are usually better than local banks and you will not get lost in the shuffle like most borrowers do at the mega banks; your just not a number at our company, you are a person and we will treat you like one throughout the entire process. Free pre-approvals within 2 hours and get your loan closed within 15 days. Give us a try or let us compare what you have now. It's free- Call locally at 502-905-3708; all times. Free credit reports and approvals. Stop by and see my at 107 South Husrtbourne Pkwy Louisville Ky 40222- or email me at kentuckyloan@gmail.com nmls 57916
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Free credit report and Free pre-approvals within 1 hour
Free credit report and Free pre-approvals within 1 hour
Louisville Kentucky Mortgage
107 South Husrtbourne Parkway, Louisville, KY | (502) 905-3708
www.topix.com
Expires: 06/01/11

Tuesday, May 17, 2011

Kentucky VA Home Mortgage Loan Info

Tuesday, May 17, 2011

Kentucky VA Mortgage Loan FAQ

Kentucky VA Mortgage Loan FAQ


Frequently asked questions about Kentucky VA loans for purchases

Are you associated with the VA?

No. Key Financial Mortgage is not a part of, nor are we affiliated with, the VA. The Veteran's Administration is a government agency, not a lender. The VA simply insures the mortgage; they do not loan the money. Key Financial Mortgage is a licensed loan mortgage broker in the State of Kentucky (NMLS#1800). I am a licensed loan officer, Joel Lobb, in the state of Kentucky NMLS#57916


What is a VA mortgage?

A VA mortgage is a guaranteed loan made by banks, savings and loans, or mortgage companies to eligible veterans for the use of purchasing a home. The guaranty means the lender is protected against loss if you fail to repay the loan as the VA will pay the lending institution. The guaranty also allows you to purchase the home without a down payment.



Does my VA entitlement guarantee that I will get approved for a home loan?

No, it does not. Each lender has their own set of policies in regards to loan approval. But each lender must comply with VA income and credit standards.



When I purchase a home with a VA mortgage, how much do I need to put down?

You can purchase your home using VA status with $0 down.



How much can I borrow?

You can finance 100% of the home's value up to $417,000. Remember, your mortgage company must approve the total amount borrowed.



Is getting a Kentucky VA loan easier than a conventional mortgage for first time homebuyers?

Credit and income standards are not as strict with VA loans, making the approval process easier. But if you don't have established credit, getting approved for a loan can sometimes be more difficult then those with established credit.



If I don't put 20% down, will I have to pay Private Mortgage Insurance (PMI)?

No. Because the loan is backed by the government, you are not charged PMI.






How come not every mortgage company or bank offers VA loans?

The Department of Veteran Affairs requires companies who offer VA loans to go through a thorough approval process.


How do I qualify for a VA mortgage loan?

The first step is to obtain a Certificate of Eligibility.



How do I get a Certificate of Eligibility?

Complete a Request for a Certificate of Eligibility Form (VA Form 26-1880). Then, submit the completed form to the Winston-Salem Eligibility Center along with proof of military service. It is sometimes possible for the VA to establish eligibility without proof of service; however, to avoid delays, it is best to provide the information.



What is the address of the Winston-Salem Eligibility Center?

VA Loan Eligibility Center

PO Box 20729

Winston-Salem, NC 27120



For overnight delivery:

VA Loan Eligibility Center

251 N. Main Street

Winston-Salem, NC 27155



Can you, as my lender, help me with my Certificate of Eligibility?

Yes. We have access to the portal and can establish eligibility and issue a Certificate of Eligibility online very quickly.



Is there a fee to get pre-qualified for a loan from a lender?

No. Pre-qualification is free.



Is the surviving spouse of a deceased veteran eligible for the home loan benefit?

The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability, is eligible for the home loan.



Are the children of a living or deceased veteran eligible for the home loan benefit?

No. Children are not eligible to use VA status for a home mortgage.



Is a guaranteed loan considered a gift from the VA?

No. Your VA home loan must be repaid the same as you would repay any other loan. If you do not make your house payments, you could lose your home to foreclosure.



Are VA loans available for a home outside of the United States?

No. Unfortunately, the current law only allows the VA to guarantee loans on property located in the United States.



If I've had a bankruptcy in the last few years, can I qualify for a Kentucky VA mortgage?

Declaring bankruptcy does not disqualify you from a VA home loan.



Does one's credit score effect the interest rate?

Although your credit score can affect your interest rate with a conventional loan, it has no bearing on the rate for a VA loan.



Do I have to pay a fee for a Kentucky VA home loan?

Yes. The VA funding fee is required by law. The fee was established as a way for the veteran who obtains the VA home loan to contribute toward the cost of the benefit to decrease the cost to taxpayers. The funding fee will be slightly higher for second time users based on the idea that these borrowers have already had a chance to use the benefit once. In addition, prior users have had time to accumulate equity or save money.



Can I reduce my funding fee?

A first or second time user who makes a down payment of at least 5% will pay a reduced funding fee of 1.5%.



Do I still pay a VA funding fee if I'm a disabled veteran?

If you are rated as being 10% disabled, or higher, you will be exempt from paying the VA funding fee. If you qualify, be sure to inform your lender when starting the loan process.



Does everyone pay a VA funding fee?

No. If you are rated as being 10% disabled, or higher, you will be exempt from paying the VA funding fee. In addition, a surviving spouse of someone killed in the line of duty or someone that died from an injury sustained in the line of duty is not required to pay the fee either.



If I use my VA status to purchase a house, do I have to occupy the premises?

Yes. You must certify that you intend to occupy the property as your home based on current law. This requirement is fulfilled if you actually move in to the house when the loan is closed or within a reasonable time afterward.



If I'm currently on active duty and deployed, can I still qualify for a VA loan?

Yes, if the house is your spouse's primary residence.



Can a veteran join with a non-veteran who is not a spouse in obtaining a Kentucky VA loan?

Yes, this can be done, but the guaranty is based only on the veteran’s portion of the loan. The guaranty cannot cover the non-veteran's part of the loan. Ask your loan officer if they accept applications for this type of joint venture.



What happens to the mortgage loan if the veteran dies before it is paid off?

If the home loan is not paid in full in the case of death, the surviving spouse or any other co-borrower must continue to make the payments. If there is no co-borrower, the loan becomes the obligation of the veteran's estate.



Does my veteran home loan entitlement have an expiration date?

No. Your loan entitlement is a lifetime benefit you are provided for serving your country.



Is it possible to have two VA loans at once?

Generally, no it is not possible. That being said, there are some unusual circumstances where it may be a possibility. Ask your lender.



Will I pay closing costs with a Kentucky Mortgage VA loan?

Yes. All VA loans have closing costs. You may be able to obtain a loan where you do not pay lender fees, but you will still have to pay all third party fees and title expenses.



What is the difference between closing costs and pre-paid items?

Closing costs are costs related to underwriting, attorney fees, title insurance, and any other item associated with setting up your loan. Pre-paid items, though, are costs associated with maintaining your loan. These fees include setting up escrow for taxes and insurance. In addition, any interest your loan will accrue from closing up until the first day of the following month is included in the pre-paid items.



Is there a pre-payment penalty on a Kentucky
Mortgage VA loan?


No. You can pay off the loan partially or in its entirety prior to its term payoff date without a penalty.



Frequently asked questions about VA loans for refinance


What is a stream line refinance?


A streamline refinance is a mortgage refinancing option strictly for those that used their VA status when obtaining their original mortgage. With a streamline refinance, you can refinance your original mortgage to a lower interest rate with minimal effort and very little or no out-of-pocket expense.



Can I take cash-out with a VA streamline refinance?

No. A VA refinance does not allow you to receive any cash at closing, but you can roll in any costs involved with refinancing your loan.



Is the surviving spouse of a deceased veteran eligible for the interest rate reduction refinance loan?

Yes. A surviving spouse who obtained a VA home loan with the veteran prior to his/her death, regardless of the cause of death, may obtain a VA guaranteed interest rate reduction refinance loan.



How much can I borrow with a streamline refinance?

You can borrow the amount you currently owe on your home without needing to go through an underwriting analysis or get a new appraisal.



Do I need my certificate of eligibility for a streamlined refinance?

No. Since you had your certificate of eligibility when you received your original VA home loan, then you do not need to provide it again when your refinance.





Fill out my free mortgage prequalification form by clicking here for a VA Loan in Ky!

Louisville Kentucky Current VA Mortgage Rates Today


Louisville Kentucky VA LOAN RATES
for 05/17//2011

30 Year Fixed
0.000 points
4.500% / 4.954% APR
15 Year Fixed
0.000 points
3.775% / 4.250% APR

NMLS# 57916
Call or email us today for a free credit report and preapproval.
502-905-3708 or kentuckyloan@gmail.com


Key Financial Mortgage is not a part of, nor are we affiliated with, the VA. The Veteran's Administration is a government agency, not a lender. The VA simply insures the mortgage; they do not loan the money. Key Financial Mortgage is a licensed loan mortgage broker in the State of Kentucky (NMLS#1800). I am a licensed loan officer, Joel Lobb, in the state of Kentucky NMLS#57916