All posts tagged: Elizabethtown Kentucky

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KY USDA Homes for Sale

Address Bed/Bath Price   274 SHELBY HURST RD 3/2 $28,000.00 WILLIAMSBURG, KY 40769   Real Estate Owned   2217 Brent Ann Drive 0/0 $10,000.00 Flatwoods, KY 41139   Real Estate Owned   390 Boggs Rd 3/1 $41,000.00 Oliver Hill, KY 41164   Real Estate Owned   111 Sun Valley Drive 3/1 $26,000.00 Edmonton, KY 42129   Real Estate Owned   168 Cedarbrook Ct 3/1 $58,000.00 Cynthiana, KY 41031   Real Estate Owned   14699 Hwy 460 W 3/1 $63,000.00 Ezel, KY 41425   Real Estate Owned   712 Falls Lane 2/1 $43,000.00 Grayson, KY 41143   Real Estate Owned   30 WELLS CT 3/1 $35,000.00 MONTICELLO, KY 42633   Real Estate Owned   127 Lewis Lane 3/1 $27,000.00 Grayson, KY 41143   Real Estate Owned   111 Pelfrey Rd 4/2 $108,000.00 Morehead, KY 40351   Real Estate Owned   14773 Highway 460 3/1 $56,000.00 Ezel, KY 41425   Real Estate Owned   217 W Lynn Street 3/2 $98,000.00 Georgetown, KY 40324   Real Estate Owned   6300 Bull Fork Rd 3/2 $118,000.00 Morehead, KY 40351 …

Kentucky USDA Guaranteed Rural Housing Loans

— Kentucky USDA Guaranteed Rural Housing LoansDid you know that Kentucky home buyers can still get a mortgage with no money down, even with less than perfect credit? The Kentucky Guaranteed Rural Housing Loan Program offers these options in a wide range of areas, including many suburbs outside the major metro areas of Louisville, Lexington, Bowling Green, Owensboro, Paducah, Hopkinsville, and Northern Kentucky cities of Florence, Covington and Newport.This loan program is offered through the Kentucky Rural Housing Service, an agency of the U.S. Department of Agriculture and designed to assist low and moderate-income residents by providing better access to affordable housing finance options including little or no out-of-pocket costs in eligible areas. To see if your market area falls in a designated Rural area, visit:http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Available to low- and moderate-income borrowers whose adjusted income is equal to or less than 115% of the area median income Owner-occupied single family non-farm residences, approved condos and PUDs New construction properties are eligible Home buyers can finance up to 100% of the market appraised value, including all …

Kentucky Rural Development Has Funds Available for Rural Housing Loans in Kentucky for 2015

Kentucky Rural Development Has Funds Available for Rural Housing Loans in Kentucky for 2015. via Kentucky Rural Development Has Funds Available for Rural Housing Loans in Kentucky for 2015.    

Kentucky USDA Loans | Rural Housing Loans Kentucky

Kentucky USDA Loans | Rural Housing Loans Kentucky. via Kentucky USDA Loans | Rural Housing Loans Kentucky. Can I get an USDA Mortgage Loan after bankruptcy? Criteria for USDA loan approvals state that if you have been discharged from a Chapter 7 bankruptcy for three years or more, you are eligible to apply for an USDA mortgage. If you are in a Chapter 13 bankruptcy and have made all court approved payments on time and as agreed for at least one year, you are also eligible to make an Kentucky USDA loan application. Joel Lobb Senior  Loan Officer (NMLS#57916)   American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223 phone: (502) 905-3708  Fax:     (502) 327-9119 kentuckyloan@gmail.com    Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com/

RHS increase in Annual Fee for Kentuky Rural Development Loans October 1, 2014

RHS Increase in Annual Fee for Rural Housing Mortgage Loans in Kentucky On Wednesday, October 1, 2014, the annual fee for both purchase and refinance loans will increase from .4 percent to .5 percent. The Guaranteed Underwriting System (GUS) has been updated to allow lenders to select and underwrite at either the .4 percent or .5 percent annual fee structure. Lenders should communicate with Rural Development (RD) offices to understand current processing time-frames. GUS “Final Submissions” with an annual fee of .4 percent, that areissued a conditional commitment by RD prior to the close of business on Tuesday, September 30, 2014, will not be affected by the annual fee change. Those submissions that are not issued a conditional commitment by RD prior to the close of business on Tuesday, September 30, will be affected by the annual fee change. Lenders must underwrite the loan using an annual fee of .5 percent and resubmit the application to RD in GUS. Joel Lobb Senior  Loan Officer (NMLS#57916) American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, …

Kentucky Rural Housing Mortgage Loans Require No Money Down

Kentucky Rural Housing Mortgage Loans Require No Money Down. via Kentucky Rural Housing Mortgage Loans Require No Money Down.

Kentucky USDA Rural Home Loans : 100% Financing

Originally posted on Mortgage News:
For home buyers today, there are two mortgage programs which offer 100% financing. The first is the VA loan from the Department of Veterans Affairs. It’s available to most active military personnel and veterans nationwide. The other program is the U.S. Department of Agriculture’s Rural Development Single Family Housing Loan Guarantee Program. Sometimes called a “Rural Housing Loan” or a “Section 502” loan, today’s USDA financing isn’t just for farms. Because of the way the USDA defines “rural”, there are plenty of exurban and suburban neighborhoods nationwide in which USDA loans can be used. Home buyers who buy a home in a qualified USDA area, and who meet USDA income eligibility requirements, can take advantage of the USDA’s low interest rate, no downpayment mortgage program.. What Are The Benefits Of A USDA Home Loan? USDA mortgages are structured just like conventional ones via Fannie Mae and Freddie Mac. Where they differ, though, is with respect to downpayment requirements and mortgage insurance. Unlike conventional loans, USDA mortgages have no down payment requirement,…

With USDA Housing Programs, 3.4 Million Rural Homebuyers Own Their Future

With USDA Housing Programs, 3.4 Million Rural Homebuyers Own Their Future.   RHS Guarantee Fee Change Beginning October 1st, RHS Guarantee fees will be changing as indicated in the following table: Up-Front Guarantee Fee FY 2012 Through 9/30/2012 FY 2013 Effective 10/01/ 2012 Purchase Transactions (no change) 2% 2% Refinance Transactions 1.5% 2% Annual Fee FY 2012 Through 9/30/2012 FY 2013 Effective 10/01/2012 Purchase Transactions .30% .40% Refinance Transactions .30% .40% This is effective for all RHS loans which receive conditional commitments on or after October 1st, 2012 regardless of when the loan was submitted. Joel Lobb Senior  Loan Officer (NMLS#57916)   American Mortgage Solutions, Inc. 800 Stone Creek Pkwy, Ste 7, Louisville, KY 40223 phone: (502) 905-3708  Fax:     (502) 327-9119 kentuckyloan@gmail.com    Company ID #1364 | MB73346 http://mylouisvillekentuckymortgage.com/

Kentucky USDA Loans | Rural Housing Loans Kentucky

Kentucky USDA Loans | Rural Housing Loans Kentucky. via Kentucky USDA Loans | Rural Housing Loans Kentucky.