Kentucky Mortgage Conforming loans receiving an acceptable finding through DU follow Conforming guidelines.
The bankruptcy must have reestablished a credit record for an elapsed time of 4 years. Elapsed time is measured by comparing the date of the application fort he new mortgage loan to:
The date a Chapter 7, 11, or 12 bankruptcy was discharged;
The date a Chapter 13 repayment plan was successfully completed and discharged. The elapsed time of 7 years is required for the following:
The date of a foreclosure sale.
80% maximum LTV ratios
90% maximum LTV ratios
Standard maximum LTV ratio
Senior Loan Officer
American Mortgage Solutions, Inc.
10602 Timberwood Circle, Suite 3
Louisville, KY 40223