Kentucky USDA Rural Housing Loans : Kentucky Rural Housing and USDA Student Loans Guid...

Kentucky USDA Rural Housing Loans : Kentucky Rural Housing and USDA Student Loans Guid...: Kentucky Rural Housing and USDA Student Loans  Guidelines Changes for 2016 Recent updates to the 3555 Handbook intended to...

Kentucky USDA Rural Housing Loans : Kentucky USDA Rural Development Housing Loans Cred...

Kentucky USDA Rural Housing Loans : Kentucky USDA Rural Development Housing Loans Cred...

KHC has $5 million in special funding available at 2.00 percent fixed interest rate for 30 years for Kentucky Home Buyers in 2016

2.00 percent fixed interest rate for 30 years for Kentucky Home Buyers in 2016 from KY Housing


 
KHC has $5 million in special funding available at 2.00 percent fixed interest rate for 30 years. The Mortgage Revenue Bond (MRB) Special Funding Program is available on a first-come, first-served basis, with reservations available on Monday, March 7, 2016. New reservations only. 
Who can qualify for this deal?
  • Households that do not exceed $35,000 gross annual income, and meet ONE of the following:
    • At least one home buyer is 62 years old or older.
    • At least one member is disabled and is receiving disability income.
    • A single- or two-parent household with at least one dependent child under the age of 18 living in the home.
Special Funding qualifications included:
  • Must be a first-time home buyer, unless property in targeted county.
  • Existing and new construction (purchase price limit of $115,000).
  • Regular and Affordable Down payment Assistance Program available.
  • 640 minimum credit score.
  • FHA, VA, and RHS first mortgage options.




 


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Condo Requirements for a Kentucky FHA Mortgage Loan Approval in 2016


How Do Changes to the FHA Condo Loan Rules Help You?
FHA has recently provided new guidance on its rules for certifying condo buildings. Watch this video to learn why the FHA made these changes.
Posted by Home Ownership Matters on Wednesday, February 3, 2016
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Kentucky USDA Rural Housing Loans : 100 percent Financing Kentucky USDA Rural Developm...

Kentucky USDA Rural Housing Loans : 100 percent Financing Kentucky USDA Rural Developm...: Kentucky Rural Housing Loans for 2016 USDA home loans in Kentucky are also known as the Rural Development Loan or RHS Loans. It is one of...

Mortgage Insurance Tax Deductibility is Back for 2016 Kentucky Homebuyers




Mortgage Insurance Tax Deductibility is Back for 2016







Last week, legislation was signed to renew the mortgage insurance premium tax deductibility for qualified Kentucky home mortgage borrowers for 2016. This means great news for our Kentucky Home borrowers! A few quick hit points:
  • The tax deduction is applicable for purchases and refinances closed after 12/31/2014.

  • The mortgage insurance premiums paid after 12/31/2014 through 12/31/2016 can qualify for the tax deduction on borrowers' federal tax returns with details including:

  • Borrowers with adjusted gross incomes below $100,000 can deduct 100% of their mortgage insurance premiums. For borrowers with adjusted gross incomes from $100,000.01 to $110,000 deductions are phased out at 10% increments for each additional $1,000 of adjusted gross household income.

To learn more, contact me today. Thanks!








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Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Things to Know

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Things to Know: Things to Know 1. What fees will I have to pay? Closing costs, prepaid fees (i.e. taxes and insurance) and title fees are all a...

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Things to Know

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Things to Know: Things to Know 1. What fees will I have to pay? Closing costs, prepaid fees (i.e. taxes and insurance) and title fees are all a...