Kentucky USDA Rural Housing Mortgage Lender

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: USDA Proposed Rule – Significant Derogatory Credit... :    On September 19, 2024, a  Proposed Rule  was published in the Federal Register to amend the Single-Family Housing Guaranteed Loan Program ... -   Email -  kentuckyloan@gmail.com   2.    Call/Text -  502-905-3708 Joel Lobb Mortgage loan officer COMPANY NMLS# 1738461   PERSONAL NMLS# 57916

  Kentucky USDA Rural Housing Streamline Refinance 1.  Lower your interest rate, mortgage insurance premium, and total payment FAST.  The USDA will allow you to refinance if your savings is greater than $50.00 per month. 2.  Finance up to 100% of your home’s value.  The Kentucky USDA Mortgage Loan will allow you to refinance even if you closed at a much higher rate a month ago, there is no seasoning requirement. 3.  NO APPRAISAL!  That’s right, no meeting for appointments and hoping the value comes in, you already have a Kentucky Rural Housing USDA loan , and therefore you qualify to improve your loan .* (*Only direct borrowers that received subsidy) 4.  No Net tangible benefit required! *  (*Only the Streamlined Assist – then at least a $50 net reduction to principal, interest, real estate taxes and homeowners insurance (PITI) payments compared to current PITI) 5.  No home inspections or calculation of debt ratios...

Purchase & Rate/Term Refi Maximum loan amount cannot exceed 100% of the appraised value. Maximum loan amount including financed guaranteed fee cannot exceed 101% of the appraised value. Streamline Refi Maximum loan amount cannot exceed the unpaid principal balance of the existing loan plus the guarantee fee. Accrued interest, closing costs, and fees cannot be financed. The original appraisal may be used to determine the appraised value for the streamline transaction. 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 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 requir...

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Do you have a Kentucky USDA Rural Development loan that you would like to refinance to a lower rate? WHO IS ELIGIBLE: Kentucky Current Section 502 Direct and Guaranteed loan borrowers may be eligible to refinance their existing Kentucky USDA mortgage loans into new Guaranteed loans through the Rural Refinance Pilot program. There are 35 states that are currently eligible for the Refinance Pilot Program and Kentucky is one of them. APPLICANT MUST :  •Be a current Section 502 Direct or Guaranteed loan borrower •Meet the applicable adjusted income eligibility limit Reside in an eligible rural area, or an area that was eligible at the time of original loan closing •Have made timely mortgage payments for the previous 12 months at the time of loan application  TERMS: •The new interest rate fixed and a minimum of 100 basis points (1%) lower than the current interest rate •The new loan term must be 30 years •Borrowers may be added to the new loan. Original borr...