Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: What are the requirements to buy a house in Kentucky in 2019?
Household Income & Property Geographic Limitations Apply --Major Metro areas are not eligible. i,e, Louisville, Lexington, Bowling Green, Northern Kentucky cities of Erlanger, Newport, Ludlow, Covington, closer to the Ohio River, Owensboro, Henderson, Richmond, Ashland in parts next to the Ohio River, Winchester, Frankfort, Radcliff, Hopkinsville, Paducah are not eligible for the USDA loan.
Mortgage insurance is not for life of loan and can be rolled-off when a new appraisal or paying down the loan balance.
No upfront mortgage insurance premiums like FHA, USDA and VA have.
Mortgage insurance premiums are based on down payment/equity position and credit score with dti ratio.