Home Buying in Louisville>Question Details

Wes Black, Real Estate Pro in Louisville, KY

Is Norton Commons housing occupancy recovering from recession?

Asked by Wes Black, Louisville, KY Fri Sep 27, 2013

Absolutely. It is growing very well in all price ranges.

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3
MRB Special Funding (Lender may begin reserving August 1, 2013)
KHC has a limited funding amount of $15 million for specific household types with lower household income limits through MRB Special Funding. The program is available on first-come, first-served basis.
Eligible Households include:
Single parent with at least one dependent child under the age of 18 living in the home
At least one home buyer is age 62 or older
One member of the household has a permanent disability and is receiving disability income
Program guidelines:
Interest rate is fixed at 2.5% without DAP or 3.00% with DAP
640 credit score and AUS approval
Maximum ratios 40/45%
First-time homebuyer, unless property located in a targeted county
Executed purchase contract
Existing or new construction property -- purchase price limit of $115,000
Regular and Affordable DAP available
FHA, VA and RHS first mortgage programs
Gross annual household income limit of $35,000 for all household sizes
All household occupants (18 years and older) with income must be included on lan and be credit ready
0 votes Thank Flag Link Thu Oct 10, 2013
Norton Commons NEVER had an issue. My clients love that area.
0 votes Thank Flag Link Fri Oct 4, 2013
Wes
I would hope you know the answers to yor questions !

Dick Bieniek
Semonin
0 votes Thank Flag Link Fri Sep 27, 2013
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