Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Kentucky Mortgage Guidelines for VA, FHA, USDA and Conventional Mortgage Loans

• VA IRRRLS NO FICO

• Minimum FICO 550 on full files OR true NO FICO

• Manual underwrite to a 580 FICO

• Cash out to 100% LTV

• Manufactured homes allowed, double wide or bigger

• VA IRRRL NO LTV cap

• VA IRRRL, unlimited late payments (loan must be current and last 6 payments on time)

• VA IRRRL, allow odd terms on fixed loans

• VA purchase up to 100% LTV

• VA escrow holdbacks allowed

• FHA streamlines NO FICO

• Minimum FICO 550 on full files

• Manufactured homes allowed, double wide or bigger

• FHA streamlines, NOO allowed. NO Appraisals or AVMs

• FHA 203(k) & (h) allowed

• FHA escrow holdbacks allowed

• USDA Streamlines NO FICO

• Minimum FICO 580 on full files OR true NO FICO

• Manufactured homes allowed, double wide or bigger

• Streamlined assist

• USDA escrow holdbacks allowed

• Minimum FICO 580

• Manufactured homes allowed, double wide or bigger

• Up to 97% LTV (allow for the 3% to be gifted)

• LPMI up to 97% LTV

• LPMI and Regular MI allowed on investment properties

• Unlimited financed properties (follow Fannie Mae guidelines)

• HARP DU Refi Plus (allow for MI to be transferred) Fannie

• HARP Open Access Relief loan (allow for MI to be transferred) Freddie

• Home One, HomeReady, Home Possible

• 80/10/10 Program with HELOC 2nd

I hope this gives you some useful input to help guide your decision making. Give me a call if you have more specific questions! Thanks so much

Joel Lobb (NMLS#57916)
Senior Loan Officer

American Mortgage Solutions, Inc.

10602 Timberwood Circle Suite 3

Louisville, KY 40223

Company ID #1364 | MB73346

Text/call 502-905-3708

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