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Home Buying in Louisville : Real Estate Advice

  • All624
  • Local Info41
  • Home Buying217
  • Home Selling24
  • Market Conditions35

Activity 148
Thu Oct 25, 2012
Neil Blumberg answered:
Sat Aug 5, 2017
Hi Clara,
It depends on the type of loan you are going to use and the length of time on his BK, I am in the office most of the day if you need this answered in detail, my direct line is 753-4127, good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
... more
0 votes 5 answers Share Flag
Mon Oct 15, 2012
Neil Blumberg answered:
This house appears as a rent to own at

The site states that the ad was posted more than 2 months ago. There is a button to click on for interested parties to make inquiries. I suggest you do that. This property was last listed on the MLS in 2011 for 151 days. The asking price was $164,000 when the listing was cancelled.

Call if you have any questions.
... more
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Fri Dec 7, 2012
Ron Thomas answered:
And you are asking US, because you do not believe your Realtor?

But, you are going to believe us Reators?

If the Home is not LISTED; how are you going to BUY it?
0 votes 5 answers Share Flag
Fri Dec 7, 2012
Debbie Simms answered:
Is the property listed for sale? If not reply to my email with the address and I will see what I can find out for you? Please include your contact information.

0 votes 7 answers Share Flag
Wed Aug 22, 2012
Fred White answered:
I don't see where it's bad for a family with kids. However, judging by what's for sale in that area, I don't see any huge price advantage than other places in the county that might have even more amenities for a family.

Call me if you'd like to talk more about what you are looking for, 396-8195.
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Wed Aug 15, 2012
Wes Black asked:
Very good homes at reasonable prices in 40299. Glad first time home buyers are discovering the opportunities.
0 votes 0 Answers Share Flag
Thu Oct 10, 2013
Have you ever thought what kind of credit score it takes to buy a home in Kentucky in 2013. I have supplied some examples below for Kentucky First Time Home Buyers so they can arm themselves with some knowledge and feel comfortable and confident when they take that step to get pre-approved to buy a Home in Kentucky

Interested in understanding how far a credit score can drop with late payments, foreclosure, short sale activity or bankruptcy?

This should give you an idea:

30 days late: 40 – 110 points
90 days late: 70 – 135 points
Foreclosure, short sale or deed-in-lieu: 85 – 160 points
Bankruptcy: 130 – 240 points

To come to these figures, Fair Isaac created two hypothetical consumers, one who starts out with a fair-to-middling score of 680 and the other with a very good one of 780. (FICO scores range from 300 to 850.)

The hypothetical person with the 780 FICO has 10 credit accounts versus six for the 680, plus a longer credit history, lower utilization of total credit limit and no missed payments on any account. The other consumer has two slightly damaged accounts. Neither have any accounts in collection or adverse public records.

Borrower #1 Borrower#2
680 780 Initial Score
620-640 670-690 30 Day Delinquency
595-610 645-665 90 Day Delinquency
575-595 620-640 Foreclosure Short Sale
530-550 540-560 Bankruptcy
Source: Fair Isaac Corp.

640 is the bottom score (again with few exceptions) that Kentucky Mortgage lenders will permit. Below a 640, then you’re in a world of hurt. Even at 640, people consider you a higher risk that other folks and are going to penalize you or your borrower with a more expensive loan. 720 is when you really start to get in the “as a lender we love you” credit score. 740 is even better. Watch your credit!!!!! Check out my post:

Home > Credit Report Tips, Credit Reports, Credit Score First Time Home Buyer Louisville Kentucky KHC, Credit Score Raising it, Credit Scores, Credit Scoresrequired for KHC, Fico Score >
Kentucky Mortgage Loan Approval Credit Requirements for 2013
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Fri Dec 7, 2012
Scott Panella answered:
yes! no question about it. Over 50 homes under contract and under construction as we type.
0 votes 2 answers Share Flag
Tue Jul 26, 2016
Becky Lusch answered:
What state do you live in? Some are dower curtesy states meaning you have an automatic interest in your husbands property therefore you will not be eligible for a second FHA loan.
0 votes 4 answers Share Flag
Thu Aug 9, 2012
Suzanne MacDowell answered:
No. I have never heard of a seller rescinding a sale once closing has taken place. Unless there has been some kind of fraud I can't imagine how that could be accomplished. You may want to discuss your situation with an attorney, however, just to be sure, but I really don't see how. ... more
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Mon Aug 6, 2012
Mary Beth Vanmeter answered:
Hi Deniel, I can set up an automatic search for you that will highlight the areas you want. Are you working with an agent? If not, meet me at my office to customize your search. I can make your home buying process effective and fun!
Mary Beth VanMeter
Weichert Realtors- ABG Properties
... more
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Sun Jul 29, 2012
Tre Pryor answered:
Fri Jul 27, 2012
My guess is no, looks like the last VA review was in 2010. Have your lender research it for you, good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time ... more
0 votes 3 answers Share Flag
Thu Jul 26, 2012
Tim Moore answered:
Make some calls and get some quotes. be sure to remove the land value from the total, you don't insure the land just the house on it.
0 votes 1 answer Share Flag
Fri Sep 5, 2014
Noel Harris answered:
That is a question best answered after a few other questions. What price would you like to be in? How far from work do you want to be? How far are you willing to drive to get to places you want to be? There are several great neighborhoods in Louisville, KY and surrounding areas so 1st we would need the answers to a few questions and then we can get you to where you will love to live. Contact me or visit my website. Noel (502) 338 -7145 or ( ) ... more
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Mon Jul 16, 2012
Tim Moore answered:
Most relocation services offer services to the sellers, not so much to buyers and so that might be why you can't find any.
0 votes 4 answers Share Flag
Tue Jul 10, 2012
Debbie Simms answered:
This is a good place to check :
Just copy and paste that to your address line if it doesn't show as a link.
0 votes 2 answers Share Flag
Mon Jun 25, 2012
Cindy Flynn-Piela answered:
I can help you with a lease purchase option as well as answer any other questions or concerns you may have. Please feel free to contact me directly at 502-500-7003 or you can email me at
I look forward to hearing from you soon!
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0 votes 9 answers Share Flag
Sat Jun 23, 2012
Debbie Simms answered:

There is no answer that is correct. Every home is different and has different issues. If you are not working with a realtor and want to email me the address I will have a look at it. If you are working with a realtor talk to them about your concerns. If you do not have a realtor or some one versed on this subject I strongly suggest you get one. In almost all cases in this area the seller pays the realtors commission.

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