Kentucky USDA Rural Housing Mortgage Lender

COVID-19 Pandemic for Kentucky USDA Mortgage Loans Extension of Temporary Exceptions: The temporary exceptions originally issued on March 27, 2020,  pertaining to appraisals, repair inspections, and income verifications for the Single Family  Housing Guaranteed Loan Program (SFHGLP) due to the COVID-19 pandemic have been extended until  February 28, 2021 and apply to the requirements in the program handbook HB-1-3555 for new loans,  described below. Residential Appraisal Reports – Existing Dwelling For purchase and non-streamlined refinance transactions, when an appraiser is unable to complete an  interior inspection of an existing dwelling due to concerns associated with the COVID-19 pandemic,  an “Exterior-Only Inspection Residential Appraisal Report”, (FHLMC 2055/FNMA 2055) will be  accepted. In such cases, appraisers are not required to certify that the property meets HUD HB  4000.1 standards. The appraisal must be completed in accordance with...

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Kentucky USDA Rural Housing Mortgage Lender: KENTU... : Kentucky USDA Rural Housing Mortgage Lender: KENTUCKY USDA MORTGAGE LOANS : KENTUCKY USDA MORTGAGE LOANS KENTUCKY USDA Loans are iss...

100% Financing Zero Down Payment Kentucky Mortgage Home Loans for Kentucky First time Home Buyers: Kentucky First Time Home Buyer Programs For Home M... : Kentucky First Time Home Buyer Programs For Home Mortgage Loans: Louisville Kentucky Mortgage Lender for FHA, VA, ... : Louisville Kentucky... 10 Tips for Mortgage  Loan Applicants Not to After Pre-Approval for a KY Mortgage   1. Don’t change jobs or become self-employed.  2. Don’t buy a car, truck, van, boat or motorhome unless you plan to live in it.  3. Don’t use your credit cards or let your payments fall behind.  4. Don’t spend the money you have saved for your down payment.  5. Don’t buy furniture before you buy your house.  6. Don’t originate any new inquiries on your credit report.  7. Don’t make any LARGE or CASH deposits into your bank account.  8. Don’t change bank accounts.  9. Don’t co-sign for anyone.  10. Don’t purchase anything until after the closing.  Kent...

  Moratorium and relief options extended through February 28, 2021 Foreclosure and Eviction Moratorium Extension: The U.S. Department of Agriculture (USDA) Rural Development is extending its foreclosure and eviction moratorium for all Single Family Housing  direct  and  guaranteed  home loans through February 28, 2021, to help rural homeowners affected by the COVID-19 pandemic. The moratorium prohibits: The initiation of foreclosures or completion of foreclosures already in process, excluding on vacant and abandoned properties. Evictions of homeowners from properties bought with a USDA direct or guaranteed home loan. Loan servicers seeking to assist USDA guaranteed loan borrowers may also pursue any of the relief options referenced in  Chapter 18 of the Technical Assistance Handbook-1-3555 . Loan Forbearance: USDA direct home loan borrowers who have been impacted by the pandemic may request payment forbearance for up to one year. The initial forbearance per...

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Kentucky First Time Home Buyer Programs for 2021 :    

Kentucky First Time Home Buyer Programs For Home Mortgage Loans: KENTUCKY DOWN PAYMENT ASSISTANCE PROGRAMS FOR 2021 : 2021 Kentucky Down Payment Assistance Programs There are basically 4 mortgage programs for first time home buyers in Kentucky to consi...

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: Removing PMI on Kentucky Conventional Mortgage Loans : Removing PMI on Conventional Loans https://youtu.be/VVEl6hdZPRU Automatic  – Occurs when a borrower hits 78% LTV of the sch... Automatic  – Occurs when a borrower hits 78% LTV of the scheduled amortization. Cannot be used if borrower pays down balance to get to 78% faster than scheduled. Borrower requested (original value)  – Most often occurs when a borrower pays down a balance faster than scheduled and requests PMI to be removed based on the value used at closing. Borrower requested (new value)  – Occurs when a borrower requests PMI removal based on a new appraised value, and the loan has been open for at least two years. Here are additional information about requirements that may or may not be required when a Homeowner is removing PMI on Conventional Loans. The Homeowner should always consult thei...