The partial shutdown of the federal government is affecting some of the first mortgage programs through Kentucky Housing Corporation (KHC).
Partial Federal Government Shutdown Affects Home Loan Programs in Kentucky The partial shutdown of the federal government is affecting some of the first mortgage programs through Kentucky Housing Corporation (KHC). RHS Guarantee Loans in Kentucky KHC will not purchase or close a loan without the RHS Conditional Commitment and tax transcripts. Verification of Employment (VOE) on Conventional, FHA, and RHS Loans for Federal Employees KHC will require a VOE within 10 days prior to closing. The only exceptions will be conventional loans for military personnel who use their Leave and Earnings Statement (LES), or if their employment was validated by Desktop Underwriter (DU) service and follows all conditions. Flood Insurance For Mortgage Loans in Kentucky KHC will follow agency guidelines that are in place during the partial federal government shutdown. Federal Tax Transcripts and Social Security Validation for Mortgage Loans in Kent...