Kentucky USDA Rural Housing Mortgage Lender

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: USDA Rural Housing Kentucky Loan Information : A Kentucky USDA home loan is a zero-dollar-down mortgage option provided by USDA’s Department of Rural Development. This government-...

In the April 19, 2022 issue of The Guaranteed Connection, the U.S. Department of Agriculture's (USDA) Rural Development provided several Hot Time Savings Tips for Successful Loan Submissions, including: Annual and repayment income calculations are still required to be submitted even though the income calculation worksheet was removed from Form RD 3555-21. Provide documentation for all applicable household members per 7 CFR Part 3555.152(d) . Provide explanations for inconsistent real estate taxes listed in Guaranteed Underwriting System (GUS) and on appraisal. Be sure to identify the “Construction Type” correctly when doing the data entry in GUS on the “Loan and Property Information” screen. Additional resources from USDA can be located on the Loan Origination tab at the USDA Linc Training and Resource Library page. CLICK ON LINK BELOW FOR MORTGAGE TIPS ON HOW TO CLOSE A USDA MORTGAGE LOAN IN KENTUCKY 👇 https://www.rd.usda.gov/sites/default/files...

KENTUCKY USDA MORTGAGE LOAN INFORMATION    PROGRAM FEATURES FOR USDA LOANS   620+ MIN FICO - REFERS AND GUS ACCEPTS! 620+ - YES WE DO REFERS!(29/41 MAX RATIOS)U/W DIRECTLY TO RD MANUAL GUIDES 620+ GUS ACCEPTS - NO OVERLAYS - follow GUS findings 101% LTV of appraised value Ratios to 32/44 w/ 620+ and GUS approval w/ comp. factors for debt waiver 35% Annual Fee, 1% Guarantee Fee We Accept Transfer Appraisals - No Problem on all loans File sent to RD within 24 Hours of UW clear! File sent to docs within 24 Hours of Receipt of the RD commitment Up to 6% seller concessions allowed 620+ - GUS Accept - must have 2 trades for 12 months(open/closed) - or manual downgrade GUS REFERS 620 - scores OK! 29/41 max ratios VOR or 12 months cancelled rents checks required Tradelines or alt tradelines required Medical collections & charge off accounts ignored - consumer collections follow HUD $2000 guidelines (Call us for details!) Minimal lates allowed in past 12 months