Kentucky VA Home Loans offered by a Kentucky Veteran. I have successfully originated over 100 VA Kentucky Mortgages for fellow Kentucky Veterans and active duty personnel.$0 Down Home loans in KY. Free Credit Report and free pre-approvals. I can be reached by text or call at 502-905-3708, or kentuckyloan@gmail.com Not affiliated with VA Government Agency. NMLS #57916 Company NMLS #1738461 Former Army Tanker 19k
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General FHA loan requirements include:
- The loan must be for a property used for your primary residence.
- The property must be appraised by an FHA-approved appraiser.
- The property must be safe, sound and secure, in compliance with minimum property standards as defined by the U.S. Department of Housing and Urban Development, or HUD.
- You must have a valid Social Security number and be a legal resident of the U.S.
- You must have a minimum credit score of 580 with a down payment of at least 3.5 percent, or a minimum credit score of 500 with a down payment of at least 10 percent.
- You may not have delinquent federal debt or judgments, or debt associated with past FHA loans.
- You must have steady employment history.
- You must make a down payment of at least 3.5 percent of the purchase price. If the down payment was gifted by a family member, documentation is required.
- You must have a DTI ratio that does not exceed limits.
- Any judgments or collections on the credit report must be resolved or satisfactorily explained.
- Any required waiting period has passed, as follows:
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