Kentucky FHA Mortgage Loans vs Kentucky USDA Rural Housing Loans Compared

Here are the important points about Kentucky USDA Rural Housing Loans: USDA loan are only available in certain counties of Kentucky. There are two types of USDA loans available: Direct and Guaranteed.  100% financing. No down payment  USDA will go down to a no score and uses and  automated underwriting pre-approval system called GUS-Guarantee Underwriting … Continue reading Kentucky FHA Mortgage Loans vs Kentucky USDA Rural Housing Loans Compared

Kentucky First Time Home Buyer Questions and Answers

Kentucky First Time Home Buyer Questions Answered: Conventional Loans 3% DOWN PAYMENT 680 or Higher Credit Score Down Payment Can be Gifted No Mortgage Insurance Option Monthly Mortgage Insurance Automatically Cancels at 78% Loan-to-Value $647,200 Maximum Loan Amount Income Limits May Apply Great Option for First-Time Homebuyers 20 % OR MORE DOWN PAYMENT 620 or … Continue reading Kentucky First Time Home Buyer Questions and Answers