Category: What NOT To Do After You Apply for a Kentucky Mortgage Loan Approval

New Fannie Mae Homes in Kentucky for Sale On the Homepath Program Foreclosures


Address Location Type Status Price Beds Baths
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136 W Main St
Mount Sterling, KY
Single Family Under Contract $60,000 5 2
1660 Ecton Rd
Winchester, KY
Single Family Under Contract $62,500 4 2
328 Hillrise Dr
Monticello, KY
Single Family Under Contract $65,000 3 2
502 E Main St
Vine Grove, KY
Single Family Active $67,900 3 1
103 S Henderson Dr
Fulton, KY
Single Family Active $69,900 3 3
424 E Union St
Hartford, KY
Single Family Under Contract $69,900 4 2
9213 New Maple Rd
Louisville, KY
Single Family Price Reduced $71,900 3 1
6003 Murnan Rd
Newport, KY
Single Family Under Contract $72,500 3 2
1927 Brooklyn Chapel Rd
Morgantown, KY
Single Family Price Reduced $72,900 3 2
112 Valley Brook Dr
Frankfort, KY
Single Family Active $75,000 3 2
520 E 20th St
Covington, KY
Single Family Under Contract $75,500 4 2
10802 Milwaukee Way
Louisville, KY
Single Family Active $76,000 3 2
4421 Mcgill Dr
Louisville, KY
Single Family Active $76,900 4 2 First Look Program
7 Welby Rd
Louisville, KY
Single Family Back on Market $78,500 2 1
120 Ridgemont Rd
Paducah, KY
Single Family Active $79,000 3 3
711 N Lakeview Dr
Louisville, KY
Single Family Active $81,500 2 1
12 Crestwood Ave
Newport, KY
Single Family Active $82,900 2 1
2115 Joyce Ave
Newport, KY
Single Family Active $82,900 2 1
5973 Madisonville Rd
Hopkinsville, KY
Single Family Under Contract $82,900 3 2
102 Poppy Ct
Radcliff, KY
Single Family Under Contract $87,500 3 2
10 Kenil Ct
Louisville, KY
Single Family Under Contract $87,900 3 1
64 Seymour Ln
Horse Cave, KY
Single Family Price Reduced $88,900 3 2
21 Highway 578 N
Annville, KY
Single Family Active $89,900 4 2
488 E Frogtown Rd
Walton, KY
Single Family Just Listed $89,900 2 1 First Look Program
421 Newby Rd
Richmond, KY
Single Family Active $92,900 4 2
3603 Shadyside Dr
Erlanger, KY
Single Family Under Contract $95,000 3 1
3506 Tyrone Dr
Louisville, KY
Single Family Under Contract $96,500 4 1
1983 Cathy Ln
Lexington, KY
Single Family Price Reduced $99,900 3 1
145 Douglas Ave W
Stanford, KY
Single Family Under Contract $105,000 3 2
931 Robin Cir
Radcliff, KY
Single Family Active $107,000 3 2
1520 Bryan Rd
Boaz, KY
Single Family Under Contract $109,000 4 3
3731 Stanton Blvd
Louisville, KY
Single Family Under Contract $115,000 3 2
727 Agawam Rd
Winchester, KY
Single Family Under Contract $117,500 4 3
114 Dakota Cir
Carrollton, KY
Single Family Back on Market $119,900 3 2 First Look Program
1557 Dunbar Leetown Rd
Morgantown, KY
Single Family Active $124,500 3 2
2301 Paris Rd
Mount Sterling, KY
Single Family Just Listed $129,900 3 2 First Look Program
1338 Lewis Creek Ln
Beaver Dam, KY
Single Family Just Listed $129,900 3 2 First Look Program
843 Button Knob Rd
Liberty, KY
Single Family Under Contract $135,000 4 2
313 Shakers Landing Rd
Harrodsburg, KY
Single Family Under Contract $142,500 3 2
145 Copperas Lick Br
Prestonsburg, KY
Single Family Just Listed $142,900 3 2.5 First Look Program
9145 Flagg Springs Pike
Alexandria, KY
Single Family Back on Market $144,500 4 3
926 S Woodland Dr
Radcliff, KY
Single Family Active $144,900 3 2
231 Turkey Run Dr
Bowling Green, KY
Single Family Under Contract $155,000 3 2
46 Summershade Dr
Elizabethtown, KY
Single Family Active $157,500 3 2
10520 Pinoak View Dr
Louisville, KY
Single Family Under Contract $161,000 3 2
2250 Clearwater Dr
Lawrenceburg, KY
Single Family Active $165,000 3 3
10445 Calvary Rd
Independence, KY
Single Family Under Contract $167,500 3 2
2401 Venetian Way
Burlington, KY
Single Family Under Contract $169,900 3 3
147 Owl Creek Ln
Shepherdsville, KY
Single Family Active $179,900 3 2
114 Annette Dr
Richmond, KY
Single Family Under Contract $185,000 5 3

11 New Fannie Mae Homes in Kentucky Louisville Kentucky Mortgage First Time Home Buyer


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$145,000Just Listed

1520 Bryan Rd
Boaz, KY 42027

3 Beds |2 Baths | 1421 sq. ft.

View Property

$292,500Just Listed

3510 Mcneil Rd
Boaz, KY 42027

4 Beds |2 Baths

View Property

$126,900Back on Market

7016 Maple Leaf Dr
Maysville, KY 41056

3 Beds |2 Baths | 1680 sq. ft.

View Property

$74,900Price Reduced

313 Town Branch Rd
Manchester, KY 40962

3 Beds |2 Baths | 1248 sq. ft.

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$15,000Price Reduced

2030 Clay St
Paducah, KY 42001

4 Beds |2 Baths | 1660 sq. ft.

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$85,000Price Reduced

20763 Highway 190
Frakes, KY 40940

3 Beds |2 Baths | 1475 sq. ft.

View Property

$21,900Active

210 N 35th St
Louisville, KY 40212

2 Beds |1 Baths | 1119 sq. ft.

View Property

$325,000Active

15500 Pfanstiel Rd
De Mossville, KY 41033

3 Beds |4 Baths | 3389 sq. ft.

View Property

$72,500Active

3522 Alpha Ct
Erlanger, KY 41018

5 Beds |3 Baths | 1919 sq. ft.

View Property

Coming Soon

1924 Northern Dancer Ct
Owensboro, KY 42301

3 Beds |1 Baths | 1160 sq. ft.

View Property

Coming Soon

2885 Laton Turner Rd
Upton, KY 42784

3 Beds |2 Baths | 1800 sq. ft.

Joel Lobb
Senior Loan Officer
(NMLS#57916)

American Mortgage Solutions, Inc.
10602 Timberwood Circle, Suite 3
Louisville, KY 40223

phone: (502) 905-3708
Fax: (502) 327-9119
kentuckyloan@gmail.com

http://www.mylouisvillekentuckymortgage.com

Louisville Kentucky Mortgage Lender for  FHA, VA, KHC, USDA and Rural Housing  Kentucky Mortgage

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage
I specialize in Kentucky FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; First time buyer $0 money down still a

Kentucky Mortgage Rates Today


Today’s Rates for Kentucky FHA, VA, USDA, Conforming Mortgage Loans
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 Kentucky Mortgage Rates Interest Rate APR Discount Points Down Payment
30 Year Conforming Fixed 3.500% 3.561% 0.00 25%
15 Year Conforming Fixed 2.875% 2.983% 0.00 25%
30 Year FHA Fixed 3.250% 4.323% 0.00 3.50%
30 Year VA Fixed 3.250% 3.493% 0.00 0%
30 Year USDA Fixed 3.125% 3.931% 0.00 0%

Mortgage interest rates shown are based on a 30-day lock period.

Mortgage rates as of 10/26/2016 10:46 AM ET.   Interest rates and annual percentage rates (APRs) are based on current market conditions and are for informational purposes only. Interest rates and loan program terms are subject to change without notice and may be subject to pricing adjustors related to property type, loan amount, loan-to-value, credit score and other variables. Accuracy is not guaranteed and products may not be available to all borrowers, based on their individual situation. Kentucky Only Rates. This is not a credit decision or commitment to lend. Depending on loan guidelines, mortgage insurance may be required and the mortgage insurance premium could increase the APR and monthly mortgage payment. Additional loan programs may be available.

Kentucky Mortgage Loan Assumptions

  • Kentucky Conforming Conventional 15yr and 30yr Fixed
    • $300,000 Single-Family Purchase of Primary Residence (detached)
    • $225,000 Loan Amount (75% LTV and 25% Down Payment)
    • 745 FICO Score
  • Government Kentucky FHA 30yr Fixed
    • $200,000 Single-Family Purchase of Primary Residence (detached)
    • $193,000 Base Loan Amount (96.50% LTV and 3.50% Down Payment)
    • 720 FICO Score
  • Government  Kentucky VA 30yr Fixed
    • $200,000 Single-Family Purchase of Primary Residence (detached)
    • $200,000 Base Loan Amount (100% LTV and 0% Down Payment)
    • 720 FICO Score
  • Government Kentucky USDA 30yr Fixed
    • $200,000 Single-Family Purchase of Primary Residence (detached)
    • $200,000 Base Loan Amount (100% LTV and 0% Down Payment)
    • 720 FICO Score
  • Your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment. Even the value of your home will affect your payment.

    Just as an example, let’s say you are borrowing $250,000.00 for 30 years with an interest rate of 3.800%. If the value of your home is $300,000.00, your property taxes $3,000.00 per year and your insurance is $1,500.00 per year, you can expect to be making a total payment of $1,644.06. This is because you need to pay $1,164.89 toward the actual loan, plus $250.00 for real estate taxes and $125.00 toward insurance.

    Since your loan to value ratio is 83.33%, you will also have to pay PMI for 25 months which will add an extra $104.17 a month. Don’t forget to drop the PMI when the 25 months is complete and you might save yourself some money each month. Canceling your PMI will require a reappraisal of your home in most cases.

    DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it’s applicability to your financial situation. Please consult your 0f financial and/or tax advisor.

 

 




 

 

 

 

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The vi0ew and opinions stated on this website belong solely to the authors, and are intended for informational purposes only.  The posted information does not guarantee approval, nor does it comprise full underwriting guidelines.  This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of  my employer. Not all products or services mentioned on this site may fit all people.
, NMLS ID# 57916, (www.nmlsconsumeraccess.org). I lend in the following states: Kentucky
brian-martucci-get-loans-best-mortgage-calculator-help

Kentucky FHA Mortgage Guidelines


Kentucky FHA Mortgage Guidelines.

via Kentucky FHA Mortgage Guidelines.

Current Guidelines for Louisville Kentucky Mortgage programs including FHA, VA, KHC, USDA, and Fannie Mae Home Loans in the State of Kentucky
NMLS# 57916
502-905-3708
kentuckyloan@gmail.com

Joel Lobb
Senior  Loan Officer

(NMLS#57916)
 
 phone: (502) 905-3708
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346

 

>What NOT To Do After You Apply for a Kentucky Mortgage Loan Approval


>What Not To Do

What NOT To Do After You Apply for a Kentucky Mortgage Loan Approval

Congratulations! You applied for your loan and maybe you finally found the house of your dreams. You made a bid, had it accepted by the seller, and went through the mortgage application process. It looks like you’ll qualify. The closing is only weeks away, and you are feeling pretty good.

It’s smooth sailing from here, right? Probably. However, more than one buyer has had the wind taken out of his sails at this point in a real estate transaction. If at all possible, steer clear of the following “NO-NOs” until AFTER you have gone to settlement.

· Do not take on new debt or apply for new credit cards. The temptation is strong. There are so many big purchases people potentially want to make in connection with a move: appliances, window treatments, furniture, etc.. When you add to this the fact that, today, everyone offers easy terms and no money down – well, why not just do it? Answer: because you will change what the industry calls your “back-end ratios” ( the relationship of your income to your debt). It could also lower your credit score.

· Do not be difficult to reach. The loan officer or processor may need to reach you for additional information or documents. Check your voice mails and emails often. Check your junk email file also. Communication is the key to a smooth closing.

· Do not quit your job, change jobs or take a leave of absence. If at all possible, try not to make a career move during the time between your mortgage application and the closing on the home you are purchasing. But, you ask, “What if it is a BETTER job, for MORE money, in a DIFFERENT field?” Still, try and wait until AFTER closing. One of the factors mortgage companies consider is length of present employment; they are partial to stability. At the very least, changing jobs initiates the need for more paperwork, and maybe a delay in closing.

· Do not stop paying your bills. Pay all your bills on time including rent or mortgages.

· Do not pack too soon. Well, go ahead and pack your clothes and pictures. But, do not pack away your bank statements, tax returns, or other important paperwork. Most especially, do not pack away your checkbook! More than one buyer has had closing delayed while a friend or relative hurried over with additional funds because the checkbook was in the moving van.

· Do not lease a new car. This should go under the general heading of “no new debt”. It is highlighted here because, for some strange reason, many buyers do run right out and lease a new car during the intervening time between mortgage application and closing! As with any debt, this will change your “back-end ratios”, and may cause you not to qualify for your mortgage.

· Do not throw away pay stubs, bank statements, or other financial documents.

· Do not spend your money needed for closing.


· In short, do nothing that negatively impacts your ability to qualify for your mortgage loan, or initiates a new round of paperwork.

These suggestions are merely that – suggestions. No one is saying, flat out, that bad things will necessarily follow if you do any of the above. They are offered as cautions. Many buyers seem to view the mortgage application procedure as an static entity, a snap shot of their financial lives at a given moment in time. It is not. It is an on-going process that can take into account everything you do right up until the day of closing.

What NOT To Do After You Apply for a Kentucky Mortgage Loan Approval

>Kentucky First Time Home Buyer Programs 2011


>Kentucky First Time Home Buyer Programs 2011.