Thursday, October 9, 2014

Kentucky Eligible Areas for Rural Housing Development Loans October 2014



Kentucky Rural Housing NEWS! 

·        Eligible areas in Kentucky  will NOT be changing on October 1, 2014 for Kentucky Rural Development Guaranteed Loans. All areas that are eligible today will continue to be eligible into the foreseeable future. There are no scheduled changes at this time.

·        There is plenty of funding for loans. Keep sending them in! We are hoping for a smooth transition into FY2015.

·        Perhaps the best news is that the turn times have been shortened to 6 business days.

·        Please continue to review loans before sending them in to make sure they are complete and correct. Please do not send in extra documentation when not required.

·        HB 3555 will go into effect on December 1, 2014

We look forward to working with you and appreciate the work you do to assist families become successful homeowners in rural Kentucky

Joel Lobb
Senior  Loan Officer
(NMLS#57916)

American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223

 phone: (502) 905-3708
 Fax:     (502) 327-9119

 Company ID #1364 | MB73346