Home Loan Options for Kentucky First-Time Home-buyers in 2021

Kentucky FHA Mortgage Loans Kentucky FHA loans are insured to give lenders a layer of protection if you default on the mortgage. They typically have competitive interest rates, smaller down payments and lower closing costs than conventional loans. A low credit score can still warrant only a 3.5 percent down payment down to a 580 … Continue reading Home Loan Options for Kentucky First-Time Home-buyers in 2021

Repair Escrows for Kentucky USDA, FHA, VA, Fannie Mae Home loans

via Repair Escrows for Kentucky USDA, FHA, VA, Fannie Mae Home loans Maximum Repair Escrow Amounts for Kentucky Mortgages:  Kentucky Fannie Mae Loans: The cost of completing improvements must not represent more than 10% of the “as completed” appraised value of the property. Kentukcy FHA Loans: There is no maximum amount to be held in … Continue reading Repair Escrows for Kentucky USDA, FHA, VA, Fannie Mae Home loans