If you don't mind living in a neighboring county to Jeffereson (ie. Oldham, Shelby, Bullitt, etc.), I have successfully helped dozens of buyers obtain "zero down" financing through the USDA's Guaranteed Rural Housing Program. It's an awesome way to finance a home purchase if you have little to no cash reserves. I'd be happy to discuss the "nuts and bolts" of this program with you.... more
There are too many variables to that question to provide an accurate answer. First of all, the monthly PMI amount will depend on the LTV (Loan-to-Value) ratio of the transaction. PMI rates are based on a tiered structure with lower LTVs charging a relative low rate and higher LTVs a higher rate. Secondly, the monthly tax escrow will depend on the tax rate of the property location. Some properties may only pay county tax while others may pay an additional city tax and/or school tax. Lastly, monthly hazard insurance will be determined by the value of the property as well as its location.
As a mortgage professional, what I would need to know to provide an accurate answer is the purchase price of the property and location of the property. I would be happy to discuss your financing options with you.... more