2017 Kentucky First Time Home Buyer Loan Programs


2017 Kentucky First Time Home Buyer Loan Programs, credit report, Credit Scores/Credit Report Tips, debt to income ratios, Down Payment Assistance, Fannie Mae Loan, first time buyer kentucky, first time home buyer loans, fort knox ky zero down loan, kentucky first time home buyer grant, kentucky rhs loan, KHC loan, KY FHA LOANS, ky first time home buyer, ky housing rates, ky mortgage rates, ky usda, ky va, ky va loans, louisville homes for sale, Louisville Ky First Time Home Buyers, louisville ky mortgage, usda mortgage, Zero down home loans

Kentucky First Time Home Buyer Programs for 2017 FHA, VA, KHC, USDA, RHS, Fannie Mae Loans in Kentucky

Kentucky First Time Home Buyer Programs for 2017

There are basically 5 popular programs that Kentucky Home buyers use to purchase their first home.
• At least 3%-5% down
Closing costs will vary on which rate you choose and the lender. Typically the higher the rate, the lesser closing costs due to the lender giving you a lender credit back at closing for over par pricing. Also, called a no-closing costs option. You have to weigh the pros and cons to see if it makes sense to forgo the lower rate and lower monthly payment for the higher rate and less closing costs.
Fico scores needed start at 620, but most conventional lenders will want a higher score to qualify for the 3-5% minimum down payment requirements Most buyers using this loan have high credit scores (over 720) and at least 5% down.
The rates are…

View original post 938 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s