Kentucky USDA Rural Housing Mortgage Lender

The Kentucky USDA home loan program is not limited to just first-time home buyers. Repeat buyers are also eligible! Types of Kentucky USDA Home Loans The USDA home loan only comes in one flavor; a 30-year fixed-rate mortgage. Nothing fancy or exotic here to ensure borrowers don’t get into any trouble with an ARM. The 15-year fixed also isn’t an option because such a loan would imply that the borrower could afford a conventional loan and not need to rely on the USDA and its zero down financing program. However, you can use a USDA home loan to both purchase a new property or refinance your current mortgage under certain circumstances. But no cash out is permitted if you perform the latter. There is a sister program known as the Section 502 Direct Loan Program that assists low- and very-low income borrowers by providing subsidies that lower monthly mortgage payments for a select period of time. The income limits for this program are significantly lower than those for the main US...

In order to get you pre-approved for your max loan amount, I will need the following items from you. This is a free process and I will give you a copy of your credit report for free!  Mortgage Pre-Approval Checklist: One full month’s or 30 days worth of pay stubs Last 2 years W-2′s Last 2 years tax returns Last two months bank statements for all accounts including 401 k or retirement account  if you have one ______________________________ _________________ if you have questions about qualifying as first time home buyer in Kentucky, please call, text, email or fill out free qualification  below for your next mortgage loan pre-approval. Joel Lobb Senior  Loan Officer (NMLS#57916) Text or call phone:  (502) 905-3708 email me at  kentuckyloan@gmail.com http://www. mylouisvillekentuckymortgage. com/ The view and opinions stated on t...