It's great to plan ahead and be financially ready before you start the home buying process. I love working with buyers and putting you in contact with quality lenders to help you on that end. I offer buyer consults to get you started on the right path. You can visit my Facebook page at http://www.facebook.com/stephaniesell steam, my website http://www.stephaniesellshouses.com, and contact me with any questions. Good luck and enjoy! Buying a home can be so much fun with the right agent :-)
Kentucky Housing VA FHA KHC USDA and FNMA all require 640 credit score!
Senior Loan Officer
American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
phone: (502) 905-3708
Fax: (502) 327-9119
Company ID #1364 | MB73346
Â· Housing Authority issuing the homeownership voucher must have a Section 8 Voucher homeownership program.
Â· Borrower must have rented through section 8 program for a minimum of 1 year
Â· Borrower must be credit ready and complete pre-purchase counseling according to Housing Authority guidelines.
Â· Must be a first-time home buyer (have not owned a home in the last 3 years).
Â· Minimum income requirements must be met.
Â· One or more family members must be employed full-time (30 hours a week) and must have been employed for one year (exception made for elderly or disabled).
Â· Post-purchase counseling is required.
Purchase Price Limitations
Mortgage Revenue Bond (MRB) and Secondary Market Programs
New and Existing Homesâ€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦$243,000
MRB or Secondary Market first mortgages utilizing HOME DAP
Existing Homes ONLYâ€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦.$195,700
Hello there! Sounds like you have a lot of great advice here, but I wanted to offer to assist if I can. I have several great mortgage professionals that I can suggest to you, and some tips from my own experience over the years!
Feel free to email, text or call. My contact information is here and on my website too!
Have a great weekend!
After you've pulled your credit report and identified where your problems lie, there are several steps to take. I work with a few companies that can put together a step-by-step plan of action to help you repair your credit or fix mistakes in the report.
Then, there is a service called Rapid Rescore which can almost immediately re-score your credit without you having to wait months for that to come back.
Finally, once your credit score is up to about a 620 and if you've not filed a bankruptcy in the past 2 years or had your house foreclosed on in the past 3 years, you are a good candidate and can start looking for your next home!
I'd be happy to give you more details. You can reach me either by phone or e-mail and that information is listed below. Good Luck!
Best of luck.
Senior Loan Officer
Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*
You're doing a smart thing looking into financing before purchasing a home well in advance. If it turns up you will need to work on your credit and loan requirements, you will have the time but now is the time to start! All you have to do is contact me to help you get started!
I hope to hear from you soon!
Weichert Realtors-ABG Properties