Louisville Kentucky FHA Streamline Mortgage Refinance
Kentucky First Time Home buyer Grants and Downpayment Assistance
Fannie, Fannie Mae, Fannie Mae Homepath, Fannie Mae New Lending Guidelines for Kentucky, First Time Home Buyer in Kentucky Zero Down, First Time Home Buyer Loans–Kentucky, First Time Home Buyer Programs Louisville Kentucky, Kentucky Fannie Mae REO Homes For Sale – HomePath.com, Louisville First Time Buyer Mortgages, Louisville First Time Buyers, Louisville Kentucky First Time Home Buyer, Refinance Fannie Mae Loan, STUDENT LOANS and tagged 2017 fannie mae student loan changes, conventional loan guidelines student loans, kentucky student loans, STUDENT LOANS
Fannie Mae Student Loan Solutions Frequently Asked Questions
Listed below are common questions about Fannie Mae’s Student Loan Solutions.
Q1. How does Fannie Mae anticipate Student Loan Solutions will benefit
Forty-four million Americans today have student loan debt; seven in 10 graduates
of public and nonprofit colleges in 2015 had student loan debt; and recent
graduates averaged $34,000 in student loan debt.*
The Student Loan Solutions referenced in the Announcement address
challenges and obstacles to homeownership due to a significant increase in
student loan debt over the past decade and provide access to credit for qualified
borrowers. The new solutions give homeowners the opportunity to pay off one or
more student loans with a lower cost mortgage refinance, allow borrowers to
exclude certain monthly obligations paid by others from debt-to-income (DTI)
ratio, and make it more likely for borrowers with student debt to qualify for a
mortgage loan by…
View original post 961 more words
Fannie Mae recently announced some changes to student loans that will help more Kentucky Home Buyers Qualify.
Fannie Mae recently announced some changes to the Selling Guide. The following changes are effective immediately for loans submitted to Crescent under Fannie Mae’s requirements.
Student Loan Payments
If a payment is provided on the credit report, that amount can be used for qualifying purposes. If the credit report does not identify a payment amount (or reflects $0), the lender may use either 1% of the outstanding balance, or a calculated payment that will fully amortize the loan based on documented loan repayment terms.
Debts Paid by Others
Documentation requirements to exclude a NON-MORTGAGE debt from qualifying ratios have been simplified. Non-mortgage debts included installment loans, student loans, and other monthly debts as defined in the Fannie Mae Guide. When documentation is provided to show the debt has been satisfactorily paid by another party for the past 12 months, then the debt can be excluded from the debt-to-income ratio calculation…
View original post 265 more words
Louisville Kentucky Mortgage Loan Officer originating FHA, VA, KHC, Rural Housing, USDA, Fannie Mae Mortgage Loans.
Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer with little money down, we offer Kentucky Housing or KHC loans with down payment assistance.
When a borrower locks a rate with a lender, the lender promises to hold that rate for the borrower until the loan closes. But there is a deadline and moving that deadline back costs money. Depending on what the mortgage rates are doing, this sometimes makes perfect sense to everyone, but other times, it seems counter-intuitive. This is the story behind the “extension fee”.
The Risk of the Borrower Lock
When a lender takes a rate lock, it takes on risk. The lender grants a lock today on a promise by the borrower to close a loan in the future, say 30 days later. Between today and the day the loan closes, the market is likely to fluctuate at least a little, and sometimes quite a lot. This leaves uncertainty about…
View original post 792 more words
FHA Approved Condo List Louisville Kentucky Jefferson County
Message: CONDOMINIUMS SUCCESSFULLY COMPLETED
|Condominiums (HRAP/DELRAP Approval Method) as of 03/12/2017|
Condominiums as of 03/12/2017
(66 records were selected, records 1 through 50 displayed)
|Condo ID /
|ARBOR CREEK CONDOMINIUMS||A002562 001||ARBOR CREEK DRIVE AND ARBOR MEADOW WAY
LOUISVILLE, KY 40228
|JEFFERSON||HRAP||170 Units. DB 08278, PG 0268.||None||Recorded/
|AUTUMN GARDENS CONDOMINIUMS||A002616 001||10013 AUTUMN GARDENS WAY
LOUISVILLE, KY 40229
|JEFFERSON||HRAP||10 Buildings, 45 Units. DB08290PG0253, DB09109PG0706.||None||Recorded/
|AUTUMN TRACE CONDOMINIMUM||A002589 001||7520 AUTUMN POINTE DR
LOUISVILLE, KY 40214
View original post 2,101 more words
2017 KENTUCKY FHA MORTGAGE GUIDELINES FOR APPROVAL WITH STUDENT LOANS Student Loan Payment Calculation Must include all student loans in the borrower’s liabilities, regardless of the paymen
2017 KENTUCKY FHA MORTGAGE GUIDELINES FOR APPROVAL WITH STUDENT LOANS Student Loan Payment Calculation Must include all student loans in the borrower’s liabilities, regardless of the payment type o…