Sunday, September 24, 2017

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...: What is the FHA $100 Down Program? The $100 Down Program allows the buyer of an FHA REO property to get a loan throug...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...: What is the FHA $100 Down Program? The $100 Down Program allows the buyer of an FHA REO property to get a loan throug...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...: What is the FHA $100 Down Program? The $100 Down Program allows the buyer of an FHA REO property to get a loan throug...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...: What is the FHA $100 Down Program? The $100 Down Program allows the buyer of an FHA REO property to get a loan throug...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...: What is the FHA $100 Down Program? The $100 Down Program allows the buyer of an FHA REO property to get a loan throug...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...

Kentucky First Time Home Buyer Mortgage Loans: Kentucky HUD $100 Down FHA Loan Program with List ...: What is the FHA $100 Down Program? The $100 Down Program allows the buyer of an FHA REO property to get a loan throug...

Single-Family Housing Guaranteed Loan Program will be delayed for the 2018 Fiscal Year which starts October 1, 2017


Image result for usda rural housing mortgage funding delays fiscal year


As a brief reminder, the Fiscal Year for RHS or Kentucky Rural Housing Services  ends on September 30th.  USDA offices in Kentucky will stop issuing Full Commitments on this date and begin issuing Conditional Commitments until funding for Fiscal Year 2018 is approved. As in previous years, we will be handling RHS loans during this period as follows
  • Any loan which receives a Full Commitment from RHS by September 30th is eligible to close as scheduled.
  • Loans receiving a Conditional Commitment from RHS will be ineligible to close until RHS funding is restored.
  • USDA anticipates that the funding lapse will last approximately 2 weeks. We will make an announcement when funding is restored and RHS loans with Conditional Commitments are eligible to close again.
Funding for the Single-Family Housing Guaranteed Loan Program will be delayed for the 2018 Fiscal Year which starts October 1, 2017. At the beginning of each fiscal year, funding for the guaranteed loan program is not available for a short period of time-approximately 2 weeks. Starting on October 1, and during the temporary lapse of funding, Rural Development will issue Conditional Commitments “subject to the availability of commitment authority


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.