Tag: Finance

Kentucky List of Foreclosed Homes by Fannie Mae, USDA, and KHC


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State Days Old Counties
KY 365 ADAIR, ALLEN, ANDERSON, BALLARD, BARREN, BATH, BELL, BOONE, BOURBON, BOYD, BOYLE, BRACKEN, BREATHITT, BRECKINRIDGE, BULLITT, BUTLER, CALDWELL, CALLOWAY, CAMPBELL, CARLISLE, CARROLL, CARTER, CASEY, CHRISTIAN, CLARK, CLAY, CLINTON, CRITTENDEN, CUMBERLAND, DAVIESS, EDMONSON, ELLIOTT, ESTILL, FAYETTE, FLEMING, FLOYD, FRANKLIN, FULTON, GALLATIN, GARRARD, GRANT, GRAVES, GRAYSON, GREEN, GREENUP, HANCOCK, HARDIN, HARLAN, HARRISON, HART, HENDERSON, HENRY, HICKMAN, HOPKINS, JACKSON, JEFFERSON, JESSAMINE, JOHNSON, KENTON, KNOTT, KNOX, LARUE, LAUREL, LAWRENCE, LEE, LESLIE, LETCHER, LEWIS, LINCOLN, LIVINGSTON, LOGAN, LYON, MADISON, MAGOFFIN, MARION, MARSHALL, MARTIN, MASON, MCCRACKEN, MCCREARY, MCLEAN, MEADE, MENIFEE, MERCER, METCALFE, MONROE, MONTGOMERY, MORGAN, MUHLENBERG, NELSON, NICHOLAS, OHIO, OLDHAM, OWEN, OWSLEY, PENDLETON, PERRY, PIKE, POWELL, PULASKI, ROBERTSON, ROCKCASTLE, ROWAN, RUSSELL, SCOTT, SHELBY, SIMPSON, SPENCER, TAYLOR, TODD, TRIGG, TRIMBLE, UNION, WARREN, WASHINGTON, WAYNE, WEBSTER, WHITLEY, WOLFE, WOODFORD, WOODFORD
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Address Bed/Bath Price
65 Bon Jan Lane 3/1 $51,590.00 – GovtBid
Highland Heights, KY 41076 Foreclosure Sale
7234 Nekirk Rd. 3/1 $25,460.00 – GovtBid
Ashland, KY 41102 Foreclosure Sale
275 Highway 227 N 3/1 $42,210.00 – GovtBid
New Liberty, KY 40355 Foreclosure Sale
171 State Route 1461 3/2 $24,790.00 – GovtBid
Fulton, KY 42041 Foreclosure Sale
204 N. Madison St. 2/1 $26,800.00 – GovtBid
Owenton, KY 40359 Foreclosure Sale
1254 Baker Branch Rd 2/1 $60,195.00 – GovtBid
Tutor Key, KY 41263 Foreclosure Sale

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BRECKINRIDGE
331 E 6TH STREET 12/19/2016
HARDINSBURG, KY 40143
FAYETTE
419 DABNEY DRIVE 1/9/2017
LEXINGTON, KY 40502
HARDIN
249 INDIANA TRAIL 1/5/2017
RADCLIFF, KY 40160
JEFFERSON
1276 MORGAN AVE 1/13/2017
LOUISVILLE, KY 40213
1623 BELMAR DRIVE 1/13/2017
LOUISVILLE, KY 40213
1106 CLAYBOURNE ROAD 1/13/2017
LOUISVILLE, KY 40214
1529 BICKNELL AVE 1/13/2017
LOUISVILLE, KY 40215
1108 VINEWOOD RD 1/13/2017
LOUISVILLE, KY 40219
1534 WALTER AVE 1/27/2017
LOUISVILLE, KY 40215
4421 MCGILL DR 1/27/2017
LOUISVILLE, KY 40215
LOGAN
5360 TAYLOR BARROW ROAD 12/20/2016
AUBURN, KY 42206
MEADE
575 DUGOUT DR 1/9/2017
VINE GROVE, KY 40175
PENDLETON
310 BEECH ST 12/15/2016
FALMOUTH, KY 41040
SHELBY
46 CHRISTIANBURG ROAD 12/15/2016
SHELBYVILLE, KY 40065

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$72,500Back on Market

3522 Alpha Ct
Erlanger, KY 41018

5 Beds |3 Baths | 1919 sq. ft.

View Property

$82,900Price Reduced

8020 Us Highway 23 S
Pikeville, KY 41501

4 Beds |1 Baths | 3140 sq. ft.

View Property

$109,900Price Reduced

245 Andromeda Dr
Paducah, KY 42001

4 Beds |3 Baths | 2566 sq. ft.

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$189,900Active

7815 Appleview Ln
Louisville, KY 40228

3 Beds |3 Baths | 2486 sq. ft.

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$74,900Active

313 Town Branch Rd
Manchester, KY 40962

3 Beds |2 Baths | 1248 sq. ft.

View Property

$99,900Active

402 Linda Dr
Hopkinsville, KY 42240

3 Beds |3 Baths | 1440 sq. ft.

View Property

$58,000Active

2708 Hidden Valley Dr
Catlettsburg, KY 41129

2 Beds |1 Baths | 1315 sq. ft.

View Property
Joel Lobb
Senior  Loan Officer
(NMLS#57916)
 
 Fax:     (502) 327-9119
 
 

 

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KHC’s First Mortgage Government Loan Products


KHC’s First Mortgage Government Loan Products

Federal Housing Administration (FHA)

Minimum 640 credit score required.

Financing to 96.50% of lesser of sales price or appraised value.

All KHC DAPs and other KHC-approved secondary financing may be used.

Maximum 6% seller-paid items.

Maximum ratios of 40/45 with AUS approval.

28 for HUD’s full policy.

All borrowers must be scored by TOTAL and receive approve/eligible or accept/accept.

Lender must follow the FHA maximum mortgage limits for particular area

see https://entp.hud.gov/idapp/html/hicostlook.cf

just follow Upfront and Annual Mortgage Insurance Premiums Guidelines (see information below).

Upfront and Annual Mortgage Insurance Premiums

Loan Terms Greater than 15 Years

Case numbers on or after Monday, April 18, 2011

LTV less than or equal to 95%

1% annual 1.10 monthly

LTV greater than 95%

1% annual 1.15 monthly

Conventional

Minimum 660 credit score required

Maximum loan-to-value (LTV) ratio is 80%.

Maximum ratios 40/45 with AUS approval.

No down payment assistance products may be used. Borrower must meet down payment requirements with their own funds or a gift.

Federal Home Loan Bank monies allowed once borrower meets the 20% down payment requirement. Must be entered as subordinate

financing in DU/LP.

Pre-purchase education required as per AUS findings.

Not available for manufactured housing.

Appraiser Independence required (see page 4).

KHC does not presently have a product for 81% LTV or greater.

Rural Housing Services (RHS)

Minimum 640 credit score required.

Financing to 100% of the appraised value, plus guarantee fee of 3.5%.

All KHC DAP programs and other KHC-approved secondary financing may be used.

No maximum on seller-paid items.

Ratio requirements and guarantee fee per agency guidelines.

KHC will accept Government Underwriting System (GUS) findings, including reduced documentation and, with approval, expanded

ratios up to 40/45.

Veteran’s Administration (VA)

Minimum 640 credit score required.

Ratios up to 40/45% with AUS Approval.

Financing to 100% of the lesser of the appraised value or sale price.

All KHC DAP programs and other KHC-approved secondary financing may be used.

Maximum 4% seller-paid items.

Follow agency guidelines for ratio requirements and funding fee.

100% FINANCING Kentucky Mortgage Loans zero down


No or Low Down Payment Options
100% FINANCING Kentucky Mortgage Loans zero down

100% FINANCING

For true 100% financing (no down payment), there are two remaining loan types: Veteran loans and Rural Housing loans. 

 

 

VA GUARANTEED HOME LOANS FOR VETERANS AND RESERVIST

 

More than 27 million veterans and service personnel are eligible for VA financing. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.  CLICK HERE for an on-line reference guide.  I have originated VA loans for 13 years.  Call me and I will walk you through the process and I will order your Certificate of Eligibility. 

This online pamphlet is designed to help veterans planning to purchase or construct homes, particularly those veterans who intend to finance with VA home loans.




USDA RURAL HOUSING LOANS

 

Don’t let the program name fool you.  Many homes in our area are eligible for 100% financing with USDA Rural Housing loan program.  There is an income limit associated with this loan product so call me to determine if your household income qualifies.  CLICK HERE to see if a particular property address qualifies for this type of financing.

 

  


LOW DOWN PAYMENT OPTION

FHA has a low down payment of 3.50% of the sales price.

Acceptable documented sources for this down payment include:

Checking and savings accounts

401K or other retirement plan withdrawal or loan

IRS or State income tax refund

Bonus income from employment

Gift from a relative or close friend

Loan from a relative or friend

Sale of a documented item such as a car, motorcycle or boat

Cash value from life insurance policy

Secured loan (not a personal loan)

Inheritance

Money awarded from a law suit

Grant from State or City when available.

DOWN PAYMENT ASSISTANCE

The State or City in which you want to purchase may have down payment assistance available.  Please ask me for details.