Louisville Kentucky Mortgage Rates

Posted on May 27, 2012 by

Free Credit Reports. Open all weekend. Call today 502 905 3708
kentuckyloan@gmail.com
NMLS# 57916

  Louisville Kentucky Mortgage Rates

I am available from 9 AM to 9 PM daily, including weekends. I make every effort to take all calls and respond to email promptly.Current Mortgage Rates today  in KY: FHA/VA,KHC,USDA,Conventional
 
Current Louisville Kentucky Mortgage Ratesfor today Mortgage Product Mortgage Rates (APR)

15 Year Fixed Conventional           3.250%             3.448% apr
30 Year Fixed Conventional          3.875%             4.112% apr
30 Year Fixed FHA                         3.750%             5.147% apr
30 Year Fixed  USDA                     3.750%             4.598% apr
30 year Fixed VA                            3.750%             4.781% apr
30 year Fixed KHC/FHA               4.000%             5.147% apr

Current Louisville Kentucky Mortgage Rates today may contain points

Today’s Louisville Ky Mortgage Current Rates are subject to qualifying criteria
Subject to credit approval
Rates are subject to change without notice.


Free pre-approvals within 2 hours and get your loan closed within 15 days. Give us a try or let us compare what you have now. It’s free- Call locally at 502-905-3708; all times. Free credit reports and approvals. Stop by and see my at 107 South Husrtbourne Pkwy Louisville Ky 40222- or email me at kentuckyloan@gmail.com NMLS# 57916

FHA, VA, KHC, Rural Housing, USDA, Fannie Mae Mortgage Loans

Check out our listing ,   Business First Of Louisville

This website is not an Government Agency, and does not officially represent the HUD, VA, USDA or FHA

 Key Financial Mortgage of KY is a licensed mortgage broker in the state of Kentucky  (NMLS#1800).  Key Financial Mortgage of KY  is not a part of, nor are we affiliated with, the VA,  FHA/HUD, USDA. These entities are a government agencies,  not a lender. These Government agencies  simply insure the mortgages; they do not loan the money. Joel Lobb (NMLS#57916) is a licensed loan officer in the state of Kentucky.
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>KENTUCKY USDA, RURAL DEVELOPMENT GUIDELINES 2011

Posted on May 18, 2012 by

>QUICK GUIDE

USDA, RURAL DEVELOPMENT

GUARANTEED RURAL HOUSING LOAN

Advantages:

No Down Payment Required

30 year fixed rate

100% LTV plus the guarantee fee, if financed

Finance Closing Costs, if market value is sufficient

Expanded Ratios of 29/41%

No Mortgage Insurance

No cash contribution required from borrower

Unrestricted gifts

No Maximum Loan Amount – loan amount based on repayment ability of applicant

No Reserve Requirement

High earnings potential

Competitive rates (set by underwriting lenders)

Available secondary markets: wholesale lenders as well as Fannie Mae and Freddie Mac.

Utilize in Conjunction with State Housing Authorities, if available

Rural Development designated rural area:

Homes must be located in rural areas. Rural areas include open country and places with a population of 10,000 or less and-under certain conditions-towns and cities with between 10,000 and 25,000 residents. See the rural area eligibility site at http://eligibility.sc.egov.usda.gov, click on “property eligibility”. If you need additional assistance, please contact your local Rural Development office.

Acceptable credit history:

Have a credit history that indicates a reasonable willingness to meet obligations as they become due

Lender underwrites the loan

No minimum credit scores

Lack of credit is not derogatory

Caution for applicant(s) with multiple layers of risk such as:

payment shock; low credit scores; ratio waiver; credit waivers; 2-1 buy downs

Check maximum income for eligibility:

Applicant(s) have an adjusted household income that does not exceed the moderate income limit established for the area. A family’s income includes the total gross income of the applicant, co-applicant and any other adults in the household. Applicants may be eligible to make certain adjustments to gross income-such as annual child care expenses and $480 for each minor child-in order to qualify. USDA Rural Development field offices can provide information on the moderate income limits for the areas that fall within their jurisdictions, and can provide further guidance on calculating household income. There is an automated eligibility calculator at: http://eligibility.sc.egov.usda.gov

Applicant(s) repayment ability:

The ratio limits are 29 front (housing, PITI), 41 back (total debt, MOTI). Rural Development allows expanded repayment ratios if the applicants have sufficient compensating factors. The underwriter must recommend the expanded ratio(s) and provide compensating factors to Rural Development. Rural Development must concur with the underwriter’s recommendation in order to expand the ratios.

Other eligibility criteria:

Do not own a dwelling

Insufficient resources to secure conventional financing without the guarantee

U.S. citizen or permanent resident or qualified alien

Legal capacity

Primary residence

Loan-To-Value (LTV) and Loan Limit:

100% LTV plus the amount of the guarantee fee, if financed

Loan amount can exceed appraised value by the amount of the guarantee fee

There is no loan limit

-Limiting factors will be ratios and income limit

Property requirements:

New or proposed home construction – stick built, modular, townhouses, condominiums, new manufactured homes.

Existing homes: Meet requirements of HUD Handbooks 4905.1 and 4150.2

New and existing: Private well water quality must meet local and state code.

FHA appraisers in the area can be found on the FHA web site: https://entp.hud.gov/idapp/html/apprlook.cfm

Existing (previously occupied) manufactured home financed under limited circumstances when home presently financed by USDA.

New manufactured homes: Rural Development will finance new manufactured homes through approved dealer-contractors. Contact your local Rural Development office for a list of approved dealer-contractors and the specifics of how new manufactured homes can be financed.

Modular homes: New or existing modular homes can be financed the same as stick built homes.

Condo: Rural Development can finance if it meets the standards for Fannie Mae, Freddie Mac, VA, or FHA.

Town home: Same as condo. A town home must have provisions for maintenance such as HOA.

Flood Zone:

Any existing improvements located in a special flood hazard area must have federal flood insurance coverage. New construction is not permitted until a Letter of Map Revision/Amendment is issued by FEMA.

One time guarantee fee based on the final loan amount

This fee can be financed along with other closing costs. The first mortgage guaranteed loan cannot exceed appraised value by more than the amount of the fee financed. No mortgage insurance requirement.

Term: 30 year fixed

Interest Rate:

Fannie Mae 90 day delivery plus 60 basis points rounded to the nearest quarter percent or

The lenders published VA rate with no discount points


Apply today for your USDA Rural Housing Loan in Kentucky for free. No application Fees and same day loan approval.
502-905-3708

 

Prohibited Loan Purposes:

 

In-ground swimming pools – unless value is deducted from the loan request

Existing manufactured homes

Construction draws

Furniture and personal property

Income producing property

Non-essential buildings and land

 

 

Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*

Fill out my form!

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>FHA to increase the FHA monthly mortgage insurance (Kentucky)

Posted on June 16, 2011 by

>

FHA to increase the FHA monthly mortgage insurance (Kentucky)

Why the changes? HUD wants to strengthen the FHA’s Mutual Mortgage Insurance Fund, known as the MMIF. They want to see the fund financially sound. Also, there is no change to the Upfront Mortgage Insurance Premium of 1 percent.
.
Old verse New Monthly Mortgage Insurance Changes
This chart is from Mortgagee Letter 11-10 – Annual Mortgage Insurance Premium Changes -
As you can see by the red arrow, indicating that this goes into effect on April 18th, not April 4th. HUD must have revised the date after they did the charts. So what does this all mean to those refinancing or buying new homes with a FHA mortgage?
This is based on a $250,000 sales price and the end result is that it would cost the buyer$50.26 more in their total monthly mortgage payment. You can also look at it from the flip side when qualifying buyers. This could lower the new buyers purchasing power by about $9,000. Meaning, instead of the $250,000 purchase price in the example, they can now afford a $241,000 home.
This new change is for your primary 1 to 4 unit properties. This change does not affect Title 1 loans, the HECM loan (reverse mortgages – which I am writing about tomorrow), the HOPE loan, and a few other types of FHA loans. This can also be found in the new FHA mortgagee letter 11-10.
Here is a quick breakdown of different purchase prices just to give you an idea.


Fill out my form!

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Posted in FHA monthly mortgage insuranc | 13 Comments

>4 Things Every Borrower Needs to Get Approved for a Mortgage or Home Loan In Kentucky

Posted on March 24, 2011 by

>4 Things Every Borrower Needs to Get Approved for a Mortgage or Home Loan In Kentucky

FHA VA KHC, Conventional, Fannie Mae, Freddie Mac

4 Things Every Borrower Needs to know to Get Approved for a Loan!!!!

There are 4 basic things that a borrower needs to show a lender in order to get approved for a mortgage. Each category has so many what ifs and sub plots that each box can read as it’s own novel. In other words, each category has so many variables that can affect what it takes to get approved, but without further adieu here are the four categories in no particular order as each without any of these items, you’re pretty much dead in the water:

1. Income

You need income. You need to be able to afford the home. Without it, forget it! But what is acceptable income? Basically, it all depends on the type of loan that a borrower applies for. Jumbo, V.A., USDA, FHA, Conventional, Kentucky Housing KHC Super Jumbo? Let’s just say that there are two ratios:

First Ratio – The first ratio, top ratio or housing ratio. Basically that means out of all the gross monthly income you make, that no more that X percent of it can go to your housing payment. The housing payment consists of Principle, Interest, Taxes and Insurance. Whether you escrow or not every one of these items are factored into your ratio. There are a lot of exceptions to how high you can go, but let’s just say that if your ratio is 33% or less, generally, across the board, you’re safe.

Second Ratio- The second ratio, bottom ratio or debt ratio includes the housing payment, but also adds all of the monthly debts that the borrower has. So, it includes housing payment as well as every other debt that a borrower may have. This would include, Auto loans, credit cards, student loans, personal loans, child support, alimony….basically any consistent outgoing debt that you’re paying on. Again, if you’re paying less than 43% of your gross monthly income to all of the debts, plus your proposed housing payment, then……generally, you’re safe. You can go a lot higher in this area, but there are a lot of caveats when increasing your back ratio.

What qualifies as income? Basically, it’s income that has at least a proven, two year history of being received and pretty high assurances that the income is likely to continue for at least three years. What’s not acceptable?????? Cash income, short term income and income that’s not likely to continue.

2. Assets

For the most part this is fairly simple. Do you have enough assets to put the money forth to qualify for the downpayment that the particular program asks for. USDA says that there can be no money down. FHA, for now, has a 3.5% downpayment. Some loans require 20% down. These assets need to be validated through bank accounts and sometimes gifts. Can you borrower the down payment? Sometimes. Generally if you’re borrowing a secured loan against a secured asset you can use that. But rarely can cash be used as an asset. TALK TO YOUR LOAN OFFICER FIRST when discussing what’s acceptable?

3. Credit
Whewwwwwwwwwwwwwwwwwwwwwwwwwwww. This can be the bane to every borrower, every loan officer and every lender……and yes, to every realtor. How many times has a borrower said my credit’s good, only to find out that it’s not nearly as good as a borrower thinks or nearly as good as the borrower needs. Big stuff for sure. 620 is the bottom score (again with few exceptions) that lenders will permit. Below a 620, then you’re in a world of hurt. Even at 620, people consider you a higher risk that other folks and are going to penalize you or your borrower with a more expensive loan. 700 is when you really start to get in the “as a lender we love you” credit score. 720 is even better. Watch your credit!!!!! Check out my post:

Kentucky Housing VA FHA KHC USDA and FNMA all require 620 credit score!

4. Appraisal

In many ways this is the easiest box. Why????? Generally, there’s nothing you can do to affect this. Bottom line here is…..”is the value of the house at least the value of what you’re paying for it?” If not, then not good things start to happen. Generally you’ll find less issues with values on purchase transactions, because, in theory, the realtor has done an accurate job of valuing the house prior to taking the listing. The big issue comes in refinancing. In purchase transactions, the value is determined as the

Lower of the value or the contract price!!!

That means that if you buy a $1,000,000 home for $100,000, the value is established at $100,000. Conversely, if you buy a $200,000 home and the value comes in at $180,000 during the appraisal, then the value is established at $180,000. Big issues….Talk to your loan officer.

For each one of these boxes, there are over 1,000 things that can effect if a borrower has reached the threshold to complete that box. Soooooooooooo…..talk to a great loan officer. There are so many loan officers that don’t know what they’re doing. But, conversely, there’s a lot of great ones as well. Your loan is so important! Get a great lender so that you know, for sure, that the loan you want, can be closed on!

Call me today at Key Financial Mortgage for your free pre-approval for your next home or refinance…Call 502-905-3708 or kentuckyloan@gmail.com

I can answer your questions and usually get you pre-approved the same day.

I can be reached at my Louisville Ky office at 502-905-3708 Ask for Joel

Posted in 4 things needed for Mortgage Approval | Tagged , , , , , , , , , , , , , | 1 Comment

Kentucky FHA/VA, USDA, KHC, Conventional mortgage loans (Fannie Mae )in Ky.

Posted on March 24, 2011 by

Kentucky FHA/VA, USDA, KHC, Conventional mortgage loans (Fannie Mae )in Ky.

 Louisville Ky Featured Mortgage Professional
One of Kentucky’s #1 Loan Officers 5 years running. Give me a try today 502-905-3708

Joel Lobb
Key Financial Mortgage
107 South Husrtbourne Parkway Louisville Ky 40222
502-905-3708
kentuckyloan@gmail.com

Specializing in Kentucky FHA/VA, USDA, KHC, Conventional mortgage loans (Fannie Mae )in Ky. He has helped over 389 Kentucky families buy their first home and refinance their current mortgage for a lower rate; Free credit report and Free pre-approvals within 1 hour..Call today at 502-905-3708 or email at kentuckyloan@gmail.com NMLS#57916

 
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Louisville Ky Down Payment Assistance Program Mortgage

Posted on April 17, 2011 by

Call today to see if you qualify for downpayment grant 905-3708

Louisville Ky Down Payment Assistance Program Mortgage

The Down Payment Assistance Program provides qualified homebuyers a loan to assist with purchasing a home which will be their primary residence.

Homebuyer households must have income no greater than 80% of median income, adjusted for family size.

All Homebuyers must complete HUD approved homeownership counseling before assistance can be committed. A Certificate of Completion from the counseling agency must be submitted with the application. Contact  us at 502-905-3708 or email us at kentuckyloan@gmail.com The  Government has revised its Down Payment Assistance Program increasing the amount of assistance.

We are now offering Metro Wide assistance, and homebuyers may qualify for a forgivable mortgage which will be forgiven over a five (5) year period of 10% of the purchase price of the home to a maximum of $4000 to  $10,000.

Our Department has also allocated closing cost assistance in the amount of up to $2,000 for down payment assistance programs; however, homebuyers must pay all prepaid costs from their own funds.

502-905-3708—call today for free application–

Homebuyers are responsible for obtaining primary financing with a fixed rate mortgage from a reputable lender.

A Housing Quality Standards inspection will be conducted by a Louisville Metro inspector before closing. All deficiencies must be corrected and verified by re-inspection prior to closing

A HUD-1 closing statement must be received two working days (48 hours) prior to closing.

Applications will be accepted at any time. Assistance is granted on a first come, first serve basis. For more information about the Down Payment Assistance Program, please call 502-905-3708

email us today for your free mortgage loan application—kentuckyloan@gmail.com

Louisville Ky Down Payment Assistance Program Mortgage

Posted in Down Payment Assistance Program - Housing - Louisville Ky | Tagged , , , , , , , | 2 Comments

Louisville Kentucky Mortgage Rates

Posted on March 13, 2011 by

I specialize in Kentucky FHA/VA ,USDA, KHC, and Fannie Mae mortgage loans in Ky. I have helped over 589 Kentucky families buy their first Kentucky home and refinance their current mortgage for a lower rate on their Kentucky Mortgage; For the Kentucky first time buyer with little money, Kentucky Housing/KHC offers(zero-down)loans with downpayment assistance. Free credit/pre-approvals in 1 hour Call me today at 502-905-3708 or email kentuckyloan@gmail.com I compare Kentucky Mortgage Rates daily to get you best rates in Ky

Joel Lobb nmls #57916 (Licesned Mortgage Originator KY)  Key Financial Mortgage (Mortgage Broker Lic #1800

Posted in Kentucky Mortgage Rates and Home Loan Options, Kentucky Mortgage Rates FHA VA KHC | Tagged , , , , , , , | 6 Comments

Kentucky VA Home Loans, Zero Down

Posted on August 21, 2011 by

Fireworks from the riverfront in Owensboro, KY...

Image via Wikipedia

KentuckyVA Home Loans - A great Zero Down home loan program for Kentucky VETERANS. We provide VA home loans in all Counties of Kentucky, including Louisville, Lexington, Bowling Green,  Owensboro, Etown, Radcliff, and all Northern Kentucky Counties

VA Loans require no down payment and allow you to qualify for a more expensive home. Plus, today mortgage rates on VA loans are very low, making homes even more affordable.

The VA doesn’t actually make loans. Instead, it insures loans so that if buyers default for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan.

VA Home Mortgage Loan Advantages vs Other Mortgage Loan OptionsMilitary VA Home Mortgage Loan lender in Minneapolis St Paul MN Milwaukee Madison WI

VA home loans do not require a down payment, unless the purchase price is more than the appraised value or in excess of current loan limits.

VA home loans have limitations on which closing costs may be assessed to the veteran.

VA home loans have no prepaid without penalty.

 Maximum (zero down) VA loan has increased to match conforming loans!

VA home loans may have forbearance extended to worthy VA homeowners experiencing temporary financial difficulty

VA performs personal loan servicing and offers financial counseling to help veterans avoid losing their homes during temporary financial difficulties

Rates are competitive with conventional loan interest rates.

VA home loans do not require mortgage insurance premiums.

Although there is no down payment required – There are still lender closing costs, but the seller usually pays ALL of the veteran’s closing costs (and with a $0 down payment, the veteran can literally purchase a home for nothing).

VA FastTrack IRRRL Streamline Refinace


US FlagWe are sensitive to the needs of our American Veterans. But before you get a VA loan, you will need a Certificate of Eligibility, and your DD-214. If you do not have one, or cannot find it, you must contact the VA to get one. Click HERE for details on how to obtain these forms.
 

If WE are your lender – we can under most circumstances, get your required Certificate of Eligibility for you for free.

VA Frequently Asked Questions… Click HERE

Eligibility Requirements

ERA DATES LENGTH OF SERVICE
World War II 09/16/40 – 07/25/47 90 Days
Peacetime 07/26/47 – 06/26/50 181 Continuous Days
Korean Conflict 06/27/50 – 01/31/55 90 Days
Post Korean 02/01/55 – 08/04/64 181 Continuous Days
Vietnam 08/05/64 – 09/07/80 90 Days
Post Vietnam 05/08/75 – 09/07/80 181 Continuous Days
Enlisted 09/08/80 – 08/01/90 2 Years
Officers 10/17/81 – 08/01/90 2 Years
Persian Gulf 08/02/90 – present 2 Years of period called to active duty, not less than 90 days.

Income Guidelines for VA Home Loans

When buying a home in Kentucky, the VA still requires a borrower to have sufficient and adequate income to cover the repayment of the mortgage.  Before a borrower can be approved for a Kentucky VA home mortgage loan, the stability of income and the continuance of the borrower’s income must be established through acceptable sources of income, the borrower’s past employment record, and the employer’s confirmation of continued employment must be established. 

Stability of a person’s income is generally derived from their employment history.  VA requires verification for the previous two full years and must be documented through lender verifications of previous employment or W-2′s.  This income must be analyzed to determine whether it can be expected to continue through the first 3 years of the mortgage loan (if the borrower intends to retire during this period, the expected retirement income, social security benefits, etc. should be used).  Any gaps in employment must be reasonably explained by the borrower.  Schooling or education for  the borrower’s profession (e.g. nursing school) can be counted towards the 2 year requirement.  Allowances for seasonal employment, such as is typical in the building trades for example, may be used.  

VA FUNDING FEE

In order for VA to guarantee the home loan in Minnesota or Wisconsin, there is a closing cost assessed by the VA to originate the loan called a funding fee.  This fee will vary, depending upon the type of VA loan, whether this is your first time to use your entitlement, if you are a disabled veteran, the down payment and if you served active duty or in the National Guard/Reserves.

The VA funding fee is required by law. The fee, is intended to enable the veteran who obtains a VA home loan to contribute toward the cost of this benefit, and thereby reduce the cost to taxpayers. The funding fee for second time users is a bit more expensive. The idea of a higher fee for second time use is based on the fact that these veterans have already had a chance to use the benefit once, and also that prior users have had time to accumulate equity or save money towards a down payment.

The following table breaks down the funding fee charged by VA:

First time use, purchase of an eligible property
Down Payment Active Duty Reserves/NG
0% to 4.99% 2.15% 2.4%
5% to 9.99% 1.50% 1.75%
10% + 1.25% 1.50%
Second time use, purchase of an eligible property
Down Payment Active Duty Reserves/NG
0% to 4.99% 3.30% 3.3%
5% to 9.99% 1.50% 1.75%
10% + 1.25% 1.50%

 

Cash-Out Refinance
  Active Duty Reserves/NG
First Use 2.15% 3.3%
2nd Use 2.40% 3.3%

 

IRRL Streamline Refinance
  Active Duty Reserves/NG
All Homes .50% .5%
Moble Homes 1.0% 1.0%

VA STREAMLINE REFINANCE

An “Interest Rate Reduction Refinance Loan” (IRRRL) or Streamline Refinance allows Veterans to refinance their current mortgage interest rate to a lower rate than they are currently paying. This program is only available to veterans who are refinancing their original VA mortgage in which they utilized their original eligibility.

Loan  Conditions:

  • The VA charges ½ percent funding fee to guarantee the IRRRL Loan.
  • There is no cash out on an IRRRL loan.
  • The loan being refinanced must be current and have a perfect pay history for the last 12 months.
  • 2nd mortgages cannot be included and must subordinate.
  • No assumptions are allowed.
  • This loan can be done with “no out of pocket money” by including all costs in the new loan or by making the new loan at an interest rate high enough to enable the lender to pay the costs.

VA Cash-Out Refinance

Cash-out refinances on properties owned more than one year prior to the refinance are permitted on owner occupied principal residences only, and are limited to 90% of the appraised value plus the allowable closing costs.

A cash-out refinance is when a borrower refinances their current mortgage for more than they owe in order to pull out the built up equity that has accrued in the home.  The amount a home owner can borrower is limited by the value of the property compared to the loan amount (otherwise known as the loan-to-value or LTV).  

The following are basic requirements of a cash-out VA refinance loan:

  • If the property was purchased less than one year preceding the refinance, the borrower is allowed to refinance up to 90% of the original sales price plus the allowable new closing costs or the appraised value plus the allowable closing costs (whichever is lesser)
  • If the property was purchased more than one year preceding the refinance, the borrower can cash-out 90% of the the appraised value plus the allowable closing costs
  • Applies to owner occupied properties only
  • 2nd mortgages may be paid off with the cash-out refinance (the second mortgage must be at least 12 months old)
  • Loan amounts may not exceed 90% of the appraised value.
  • The borrower must have sufficient entitlement for the loan (not including any existing entitlement that was used for loans to be paid off by the refinance
  • There must be a first lien against the property
  • If the new loan is to refinance an existing mortgage to buy out an ex-spouse’s equity, a divorce decree or settlement agreement must be provided to document the equity awarded to the ex-spouse
  • All borrowers must credit qualify
  • A funding fee of 3.00% will be added to the loan amount at time of closing (there are no refunds for previous funding fees assessed by the VA).
  • Borrower may receive cash proceeds at closing
  • Maximum loan term is 30 years plus 32 days
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Kentucky Fannie Mae and Freddie Mac First Time Home Buyer Education Requirements

Posted on May 27, 2011 by

 Kentucky Fannie Mae and Freddie Mac First Time Home Buyer Education Requirements

 Kentucky Fannie Mae and Freddie Mac Home Possible Education Requirements

Home Possible

® Mortgages Homeownership Education Requirements

Home Possible homeownership education requirements, including:

 • AIG United Guaranty’s

The Road to Home Ownership® at https://www.ugcorp.com/rtho.html

• Genworth Financial’s homebuyer education series at http://mortgageinsurance.genworth.com/EmergingMarkets/HomebuyerEducation.aspx

 • MGIC’s Buyers Ed program at http://www.mgic.com/education/buyersed.html

 • PMI’s homebuyer education at

http://www.pmi-us.com/expanding_markets/homebuyered.html

• RMIC’s pre-homeownership education course at http://www.rmic.com/productsandservices/prehomeownershiped/borrowereducation/Pages/default.aspx

 Homeownership Education Providers

 Many affiliates/members of national organizations provide homeownership education and counseling:

 

• NeighborWorks® America at

www.nw.org

• Housing Partnership Network at www.housingpartnership.net

 • National Council of La Raza at www.nclr.org

 • National Urban League at www.nul.org

 • Local Initiatives Support Corporation’s (LISC) at www.liscnet.org

 • The Enterprise Foundation at

www.enterprisefoundation.org

• National Coalition for Asian Pacific American Community Development at

www.nationalcapacd.org

　

Other Helpful Resources

 The Department of Housing and Urban Development (HUD) lists non-profit organizations with HUD-approved counselors at http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?weblistaction=summary. We recommend that this HUD designation be considered along with other factors when deciding if a specific homeownership education program is sufficient

 Guidance on Additional Sources for Homeownership Education

 We recommend utilizing a comprehensive curriculum containing the minimum core content specified by the National Industry Standards for Homeownership Education and Counseling (www.homeownershipstandards.com). Those topics include:

 

• Assessing Readiness to Buy a Home

• Budgeting and Credit

• Financing a Home

• Selecting a Home

• Maintaining a Home and Finances

• Budgeting for Homeownership

• Sustaining Homeownership and Avoiding Delinquency

　

Freddie Mac’s CreditSmart Resources

 Several CreditSmart (www.freddiemac.com/creditsmart) modules can be combined and deployed as live, instructor-led sessions by your organization, provided the following modules are included:

  

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Louisville KY Mortgage Rates

Posted on August 2, 2011 by

Louisville KY Mortgage Rates

Louisville Kentuckly  Mortgage rates have fluctuated as a result of declining Louisville KY housing prices and decreasing available credit. People are having a hard time finding good Louisville KY mortgage lenders and good Louisville Ky mortgage brokers to trust with their financial future. When times are tough and you don’t know where to turn, it’s still possible to find the Louisville KY best mortgage rates.

I research the best Louisville Ky mortgage rates daily to  catalogue and organize the best Louisville KY mortgage rates and you can free mortgage request quotes for  yourself! We also make it easy to get a response: fill our our easy mortgage information form for the best Louisville KY mortgage rates information from all of the mortgage lenders and mortgage brokers in the city you’re looking in! It doesn’t matter if you’re looking at a house down the South end of  Dixie highway or a street in the east-end of St Matthews – we’ve got some of the the best mortgage rates Iin Louisville Ky

When mortgage companies are competing, you know you’re getting the best mortgage rates possible. All of a sudden, you become the focus and the one in control. With just a little information, buying a home and getting a mortgage turns from a painful process fraught with risks and unreliable brokers into a successful and satisfying conclusion. The best Louisville KY mortgage rates are waiting for you right here, so take a look around at our mortgage rates and compare them for free. I think we offer some of the lowest Louisville KY mortgage prices and mortgage rates.

Fill out my free mortgage pre-qualificaton form today by clicking here<<<< 

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Posted in Current Mortgage Rates, Current Mortgage Rates in KY, FHA Loan in Kentucky, Kentucky Mortgage Credit Grade Guide, Kentucky Mortgage Rates and Home Loan Options, Kentucky Mortgage Rates FHA VA KHC, Kentucky State Mortgage Rates, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | 7 Comments

100% Rural Housing loan in Kentucky

Posted on June 15, 2011 by


100% Rural Housing loan in Kentucky

Do you realize that a 1 -4 person household can have income of $74,050, and a 5-8 person household up to $97,750 and qualify for a 100% Rural Housing loan in Kentucky?

 

And, do you realize that qualifying income limits may be pushed even HIGHER using standard eligible deductions including child care expenses, deductions for members of household under 18 and more (use the calculator and select income eligibility at http://eligibility.sc.egov.usda.gov to find more exemptions)   

 

Many, many more properties are eligible than most people realize, and the pricing is great with only two possible adjustments, and it’s a super easy loan to process…with only one other form that a conventional loan, and turn times are excellent these days!!!

 

Check out Rural Housing, an unbelievably great loan for both you and your borrower!!!

 

A few highlights and sample pricing below

 

No monthly mortgage insurance

Loans up to 100% of appraised value

6% seller concessions for closing costs and prepaids

Minimum credit score 620

Maximum DTI of 50%

Conventional loan packaging with only 1 extra form

 

Posted in 100% Financing Zero Down, 100% Rural Housing loan in Kentucky, Rural Housing/ USD LOANS ZERO DOWN | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment

KHC’s First Mortgage Government Loan Products

Posted on June 17, 2011 by

KHC’s First Mortgage Government Loan Products

Federal Housing Administration (FHA)

Minimum 640 credit score required.

Financing to 96.50% of lesser of sales price or appraised value.

All KHC DAPs and other KHC-approved secondary financing may be used.

Maximum 6% seller-paid items.

Maximum ratios of 40/45 with AUS approval.

28 for HUD’s full policy.

All borrowers must be scored by TOTAL and receive approve/eligible or accept/accept.

Lender must follow the FHA maximum mortgage limits for particular area

– see https://entp.hud.gov/idapp/html/hicostlook.cf

just follow Upfront and Annual Mortgage Insurance Premiums Guidelines (see information below).

Upfront and Annual Mortgage Insurance Premiums

Loan Terms Greater than 15 Years

Case numbers on or after Monday, April 18, 2011

LTV less than or equal to 95%

1% annual 1.10 monthly

LTV greater than 95%

1% annual 1.15 monthly

Conventional

Minimum 660 credit score required

Maximum loan-to-value (LTV) ratio is 80%.

Maximum ratios 40/45 with AUS approval.

No down payment assistance products may be used. Borrower must meet down payment requirements with their own funds or a gift.

Federal Home Loan Bank monies allowed once borrower meets the 20% down payment requirement. Must be entered as subordinate

financing in DU/LP.

Pre-purchase education required as per AUS findings.

Not available for manufactured housing.

Appraiser Independence required (see page 4).

KHC does not presently have a product for 81% LTV or greater.

Rural Housing Services (RHS)

Minimum 640 credit score required.

Financing to 100% of the appraised value, plus guarantee fee of 3.5%.

All KHC DAP programs and other KHC-approved secondary financing may be used.

No maximum on seller-paid items.

Ratio requirements and guarantee fee per agency guidelines.

KHC will accept Government Underwriting System (GUS) findings, including reduced documentation and, with approval, expanded

ratios up to 40/45.

Veteran’s Administration (VA)

Minimum 640 credit score required.

Ratios up to 40/45% with AUS Approval.

Financing to 100% of the lesser of the appraised value or sale price.

All KHC DAP programs and other KHC-approved secondary financing may be used.

Maximum 4% seller-paid items.

Follow agency guidelines for ratio requirements and funding fee.

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Posted in FHA Loan in Kentucky, FHA Loans Kentucky Housing First time home buyer, First Time Home Buyer Program Specialist-Zero Down Loans, Kentucky FHA loan requirements - 2010, kENTUCKY FHA Program Quick Reference, Kentucky First Time Home Buyer Education Links, Kentucky Housing Mortgage Rates Louisville Kentucky, Kentucky MCC Program, Kentucky Mortgage Credit Grade Guide, KHC Down payment Assistance Program Kentucky Housing, KHC's Homeownership Counseling, rhs loans kentucky, Rural Housing/ USD LOANS ZERO DOWN | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Jefferson County Kentucky Foreclosures Information

Posted on July 2, 2011 by

Jefferson County Kentucky Foreclosures Information

 

Free Mortgage Application less than 5 minutes. Apply today for your next Louisville Kentucky Mortgage

Frequently Asked Questions

The Commissioner’s Office cannot give legal advice.  The following are frequently asked questions that are procedural:

.margin { MARGIN-LEFT: 15px } [-] I just purchased property at the commissioner sale. What do I need to do now?

Discuss with an attorney the necessity for a title search. Thirty (30) days from the date of sale one-fourth (1/4) of the bid price, including deposit paid the day of sale, needs to be paid into the Commissioner’s Office. Six (6) months from the date of sale the balance of the bid price needs to be paid. Interest is 12% per annum on the unpaid balance.

[-] When do I get access to the property?

You are entitled to possession of the property after the Report of Sale has been confirmed by the Court. This can happen any time ten (10) days after the Report of Sale has been filed in the Court record.

[-] How do I get keys to the property?

Through the party whose judgment under which the property was sold or its attorney.

[-] What happens after all liens have been satisfied and there is money left over?

The original property owners have a right to those funds.

[-] Someone is still living in the home. What should I do?

If they refuse to leave, the Court can enter a writ of possession directing the sheriff of Jefferson County to set the individuals and their property out.

[-] I cannot meet the 30-day or six-month deadlines. What should I do?

Contact the attorney for the party under whose judgment the property was sold.

[-] What if the Commissioner’s Sale brings less than two-thirds (2/3rds) of the appraisal?

The homeowner has a one year right of redemption.

[-] What is a right of redemption?

It is a right held by the property owner giving them one year to repay to the purchaser the amount of money paid into the Commissioner plus 10% per annum. KRS 426.530

[-] Whose name is on the Commissioner’s deed?

The Commissioner’s deed will be in the name of the purchaser at the Commissioner’s Sale. If the purchaser desires it be titled otherwise, the purchaser can file an Assignment of Bid in the Court record and the deed will then be titled in the assignee’s name.

[-] How do I make payments to the Commissioner’s Office for my bid price?

Only in cash or certified funds for the sale day deposit and only certified funds thereafter.

[-] Where are the sales conducted?

Usually on the first floor of the Old Jail Building, 514 West Liberty Street, Louisville, Kentucky. On occasion if they are held elsewhere, notice may be obtained from the Commissioner’s Office or this website.

[-] Can I inspect the property before the Commissioner’s Sale?

Only if the individuals in possession allow it (or by contacting the attorney for the party who has a Judgment and Order of Sale) if the property is vacant.

[-] Is the property insured?

It is the responsibility of the purchaser at the Commissioner’s Sale to insure the property, to the extent of the purchaser’s interest, until purchaser takes full title.

[-] Where can I get a list of foreclosure actions filed in Jefferson County or placed on a mailing list?

No such list is maintained. The Commissioner’s Office does not create a mailing list or mail information to individuals.

[-] When do I get the deed to the property?

You will need to move the court for a deed, tender an order, and pay the purchase price plus interest.

[-] If my post-purchase title search shows liens by entities not parties to the litigation?

File in the Court record an objection to confirmation of sale. This will bring the lienholder issue to the Court for resolution.

[-] What happens if I fail to pay the full balance of my bid price?

You run the risk of losing any monies you have paid up to that point and if the property sells the second time for less than what you paid for it, you might be liable for the difference.

[-] Can I get my deposit back if I do not like the property or if I cannot get financing?

No.

[-] Is a bond necessary from the purchaser?

Yes. The bond requirement can be satisfied with either a corporate surety or if a property owner, not having an interest in the litigation, signs a bond pleading real estate located in Jefferson County. KRS 426.705

 

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Posted in Foreclosures for Sale Link, Jefferson County Foreclosures, Jefferson County Kentucky Foreclosures Information, Kentucky Foreclosed Homes Link, kentucky foreclosures | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Dealing with Mortgages in Kentucky

Posted on July 17, 2011 by

Dealing with Mortgages

Looking for the Best Mortgage?

 

Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage— whether it’s a home purchase, a refinancing, or a home equity loan—is a product, just like a car, so the price and terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars.

Link: 
http://www.ncua.gov/NewsPublications/Publications/PDF/brochures/best_mortgage/BestMortgage.pdf
 

Find detailed information about the Home Affordable Refinance and Modification programs along with self-assessment tools and calculators to empower borrowers with the resources they need to determine whether they might be eligible for a modification or a refinance under the Administration’s program. Through this website, borrowers can connect with free counseling resources; locate homeowner events in their communities; find a handy checklist of key documents and materials to have ready when making that important call to their servicer.

Link: 
http://makinghomeaffordable.gov
 

Agency: Department of the Treasury

 

Gives you key points to help you choose the mortgage that is best for you. Provides tips on determining your budget, understanding pricing and fees, comparing loan options and gathering information from trusted resources.

Link: 
http://www.federalreserve.gov/pubs/mortgagetips/default.htm
Audience: 
Adults
 

Ideas and information on topics such as how to: get the best possible interest rates, avoid paying unnecessary fees, find “emergency” cash at affordable prices, and steer clear of credit-related rip-offs and scams.

Link: 
http://www.fdic.gov/consumers/consumer/news/cnsum07/index.html
Audience: 
consumers
 

This brochure explains how mortgage modification programs can help those at risk of foreclosure save their home.

Link: 
http://www.fdic.gov/consumers/loans/prevention/modification/index.html
Audience: 
Homeowners
 

Agency: Federal Deposit Insurance Corporation

 

The Consumer Advisory, issued by the Office of the Comptroller of the Currency, is designed to help you better understand reverse mortgages. Reverse mortgages are complex loans, and are secured by your home. It is important to understand their terms, risks, and costs before you sign a reverse mortgage contract. It is also important to consider alternatives to reverse mortgages.

Link: 
http://www.occ.gov/ftp/advisory/2009-2.pdf
Audience: 
General Audience, Bank Customers
 

Agency: Office of the Comptroller of the Currency

 

Common types of foreclosure rescue scams, how they work, and what you can do if you are facing foreclosure.

Link: 
http://files.ots.treas.gov/482037.pdf
 

Agency: Office of Thrift Supervision

 

The Office of the Comptroller of the Currency’s Consumer Advisory provides advice to help prevent borrowers from becoming victims of mortgage modification and foreclosure rescue scams.  It outlines what people should watch out for to avoid mortgage modification and foreclosure rescue scams.  The advisory provides a list of resources people can use to find qualified sources for help and is also published in Spanish.

Link: 
http://www.occ.gov/ftp/ADVISORY/2009-1.pdf
Audience: 
General Audience, Homeowners
 

Agency: Office of the Comptroller of the Currency

 

The Office of the Comptroller of the Currency maintains a Web site www.Helpwithmybank.gov, a clearinghouse that provides consumers with answers to more than 250 frequently-asked questions (FAQs) on such financial topics as bank accounts, deposit insurance, credit cards, consumer loans, insurance, mortgages, identity theft, and safe deposit boxes.

Link: 
http://www.Helpwithmybank.gov
Audience: 
General Audience, Bank Customers who need help
 

Agency: Office of the Comptroller of the Currency

 

This web page provides quick access to several resources to help homeowners, community stakeholders, and the banking industry help prevent unnecessary foreclosures and stop foreclosure “rescue” scams that promise false hope to consumers at risk of losing their homes. For Additional information call toll-free 1-877-ASK-FDIC (1-877-275-3342); hearing impaired 1-800-925-4618.

Link: 
http://www.fdic.gov/consumers/loans/prevention/toolkit.html
Audience: 
General Public, Homeowners, Educators, Housing Counselors
 

Agency: Federal Deposit Insurance Corporation

 

More Americans feel added stress and anxiety about their financial future as talk of rising consumer debt, falling housing prices, rising costs of living, and declining retail sales bring up worries about the nation’s economic health. Money is often on the minds of most Americans. In fact, according to the American Psychological Association’s 2007 Stress in America survey, money and work are two of the top sources of stress for almost 75 percent of Americans. Add to the mix headlines declaring a looming economic recession, and many begin to fear how they can handle any further financial crunch.

Link: 
http://www.extension.org/pages/Financial_Security:_Managing_Money_in_Tough_Times
 

Agency: Department of Agriculture

 

Learn if a home equity plan is right for you and how to shop for the best plan.

Link: 
http://www.federalreserve.gov/pubs/equity/equity_english.htm
 

Agency: Board of Governors of the Federal Reserve System

 

Alerts consumers to potential borrowing pitfalls and provides tips for getting the best financing deal possible. Warns consumers that regardless of whether a home equity loan is for home repair, bill consolidation, or some other purpose, it’s important to shop around.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre33.shtm
 

Agency: Federal Trade Commission

 

Lenders offer home equity credit lines in a variety of ways. The questions and answers listed may help you decide if a home equity line of credit is right for you.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea02.shtm
 

Agency: Federal Trade Commission

 

Explains The Home Ownership and Equity Protection Act of 1994, what loans are covered, what disclosures are required, and what practices are prohibited.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea19.shtm
 

Agency: Federal Trade Commission

 

Shop for the mortgage package that best meets your financial needs.

Link: 
http://www.federalreserve.gov/pubs/mortgage/morbro.htm
Audience: 
Adults
 

Agency: Board of Governors of the Federal Reserve System

 

Owning a home is part of the American dream, but exotic mortgages also may carry risks. This publication, also available in Spanish, educates homebuyers on the loan terms and risks associated with non-traditional mortgage products.  Read this brochure, prepared by the Office of the Comptroller of the Currency and the federal bank, thrift and credit union regulatory agencies, to find out what I-O mortgage payments and payment option ARMs entail. The brochure includes a worksheet to assist homebuyers when comparing mortgages.

Link: 
http://www.occ.treas.gov/ftp/release/2006-117a.pdf
Audience: 
General Audience, Homeowners, Bank Customers
 

Agency: Office of the Comptroller of the Currency

 

Explains mortgage servicers’ responsibilities, in particular under the RESPA enforced by HUD; urges consumers to keep records of their payments, insurance coverage, and other information; explains how consumers can file disputes with their loan servicer; and includes sample letters that consumers may use when filing a dispute with their lender/servicer or with a credit bureau.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea10.shtm
 

Agency: Federal Trade Commission

 

Explains your rights under Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA), and what to do if your loan is rejected.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea08.shtm
 

Agency: Federal Trade Commission

 

Helps consumers evaluate what to expect in today’s mortgage market.

Dealing with Mortgages

  

 

Whether you are buying a house or refinancing your mortgage, this information can help you decide if an interest-only mortgage payment (an I-O mortgage)–or an adjustable-rate mortgage (ARM) with the option to make a minimum payment (a payment-option ARM)–is right for you.

Link: 
http://www.federalreserve.gov/pubs/mortgage_interestonly/
 

Agency: Board of Governors of the Federal Reserve System

 

Find out about the risks and advantages of an adjustable rate mortgage. Use the Mortgage Checklist to help with your decision. Handbook is designed to help consumers understand an important and complex mortgage option available to homebuyers.

Link: 
http://www.federalreserve.gov/pubs/arms/arms_english.htm
 

Agency: Board of Governors of the Federal Reserve System

 

The Homeowners Protection Act of 1998 establishes rules for automatic termination and borrower cancellation of Private Mortgage Insurance on home mortgages. Find out if you qualify.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt072.shtm
 

Agency: Federal Trade Commission

 

This Consumer Advisory, issued by the Office of the Comptroller of the Currency (OCC), describes common scams, suggests ways to protect yourself, provides information on U.S. government loan programs and counseling resources, and lists 10 warning signs of a mortgage modification scam.

Link: 
http://www.occ.treas.gov/ftp/ADVISORY/2008-1.html
 

Agency: Department of the Treasury

 

For consumers who may be having trouble paying their mortgage. Explains options to help save their homes, and how to recognize and avoid foreclosure scams.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea04.shtm
 

Agency: Federal Trade Commission

 

Explains how various foreclosure rescue scams work, and where consumers can find legitimate help.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre42.shtm
 

Agency: Federal Trade Commission

 

The Federal Reserve Banks have established Foreclosure Resource Centers to help address local and regional challenges in their mortgage markets and local communities. The site contains a map with links to these regional foreclosure centers, where you’ll find resources for small municipalities, housing counselors, and consumer and community groups.

Link: 
http://www.federalreserve.gov/consumerinfo/foreclosure.htm
 

Agency: Board of Governors of the Federal Reserve System

 

Suggests do’s and don’ts when you are dealing with foreclosure.

Link: 
http://www.federalreserve.gov/pubs/foreclosurescamtips/default.htm
 

Agency: Board of Governors of the Federal Reserve System

 
Link: 
http://www.federalreserve.gov/pubs/foreclosuretips/default.htm
 

Agency: Board of Governors of the Federal Reserve System

 
Link: 
http://portal.hud.gov/portal/page?_pageid=73,1&_dad=portal&_schema=PORTAL
 

Agency: Department of Housing and Urban Development

 

View a 30-second ad from the Federal Reserve Board directing consumers to free foreclusure prevention resources on the agency web site.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre42.shtm
 

Agency: Board of Governors of the Federal Reserve System

 

This website provides information that may be helpful to consumers, financial institutions, and the community groups working with them on foreclosure-related issues. 

Link: 
http://www.fdic.gov/consumers/loans/prevention/
Audience: 
Homeowners, General Public, Housing Counselors
 

Agency: Federal Deposit Insurance Corporation

 

This booklet explains how property owners can avoid losing their homes because of delinquent payments.

Link: 
http://www.hud.gov/offices/adm/hudclips/forms/files/pa426h.pdf
 

Agency: Department of Housing and Urban Development

 

Whether you’re in foreclosure now or worried about it in the future, we have the information that can help.
 

Link: 
http://www.hud.gov/foreclosure/index.cfm
 

Agency: Department of Housing and Urban Development

 

Includes terms, tips, a checklist, and information to help you find a plan that meet your needs, and protect your interests.

Link: 
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea01.shtm
 

Agency: Federal Trade Commission

 

Practical information and resources to help you make your mortgage payments and keep your home.

Link: 
http://www.federalreserve.gov/pubs/foreclosure/default.htm
 

Agency: Board of Governors of the Federal Reserve System

 

Compare monthly mortgage payments and the amount of equity you’ll build for up to six types of fixed- and adjustable-rate mortgages.

Link: 
https://www.federalreserve.gov/apps/mortcalc/
 

Agency: Board of Governors of the Federal Reserve System

 

FDIC Consumer News provides practical guidance on how to become a smarter, safer user of financial services. Consumer News articles issued in 2009 and beyond are being adapted for audio. Individuals are able to click the desired issue to download or listen to the articles in that issue; go to http://treas.gov/cgi-bin/redirect.cgi?http://www.fdic.gov/consumers/consumer/news/audio/index.html. 

Link: 
http://www.fdic.gov/consumers/consumer/news/audio/index.html
Audience: 
General Public
 

Agency: Federal Deposit Insurance Corporation

 

The form used by a consumer to file a complaint about a thrift or savings association.

Link: 
http://www.ots.treas.gov/?p=ConsumerComplaintsInquiries
 

Agency: Office of Thrift Supervision

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HARP 2.0 for Louisville Kentucky Mortgage Refinances 2012

Posted on March 15, 2012 by

HARP 2.0 for Louisville Kentucky Mortgage Refinances 2012.

via HARP 2.0 for Louisville Kentucky Mortgage Refinances 2012.

Posted in HARP 2.0 Refinance | Tagged , , , , , , | Leave a comment

Home builders, mortgage bankers back Fed’s proposals – The Hill’s On The Money

Posted on January 6, 2012 by

Home builders, mortgage bankers back Fed’s proposals – The Hill’s On The Money.

Posted in Uncategorized | Tagged , , , , , | 2 Comments

Where Louisville-area foreclosures sting the most | Derby City Cents#comment-1315#comment-1315#comment-1315

Posted on January 6, 2012 by

Where Louisville-area foreclosures sting the most | Derby City Cents#comment-1315#comment-1315#comment-1315.

 

Where Louisville-area foreclosures sting the most

Posted on January 5, 2012 by Chris Otts

Here’s the map the came with CoreLogic‘s monthly foreclosure report for Louisville.

The report said Louisville’s foreclosure rate was up in October from a year earlier, but still lower than the national rate.

In addition to outlying counties, the map shows how foreclosures in Jefferson County area generally concentrated west of I-65.

http://seg.sharethis.com/getSegment.php?purl=http%3A%2F%2Flouisvillemortgagerates.wordpress.com%2Fwp-admin%2Fpress-this.php%3Fu%3Dhttp%253A%252F%252Fblogs.courier-journal.com%252Fderbycitycents%252F2012%252F01%252F05%252Fwhere-louisville-area-foreclosures-sting-the-most%252F%2523comment-1315%26t%3DWhere%2BLouisville-area%2Bforeclosures%2Bsting%2Bthe%2Bmost%2B%257C%2BDerby%2BCity%2BCents%2523comment-1315%2523comment-1315%2523comment-1315%26s%3D%26v%3D2&jsref=&rnd=1325827715697

Posted in Uncategorized | 1 Comment

Kentucky First Time Home Buyer Grants and Loan Programs

Posted on January 1, 2012 by

Kentucky First Time Home Buyer Grants and Loan Programs.

via Kentucky First Time Home Buyer Grants and Loan Programs.

Posted in 100% Financing Zero Down, 100% Rural Housing loan in Kentucky, Down Payment Assistance Program - Housing - Louisville Ky, FHA Loans Kentucky Housing First time home buyer, First Time Home Buyer in Kentucky Zero Down, First Time Home Buyer Program Specialist-Zero Down Loans, Kentucky First Time Home Buyer Education Links, Kentucky First Time Home Buyer Programs 2011 | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment

First Time Home Buyer Louisville Kentucky Mortgage Programs

Posted on November 30, 2011 by

First Time Home Buyer Louisville Kentucky Mortgage Programs

All Kentucky Housing first mortgage loans are for a 30-year term at a fixed rate of interest. The home you purchase through Kentucky Housing must be the only residential property you own and you must occupy the home as your principal residence while the loan debt is still outstanding. To qualify, you must meet KHC’s regular income guidelines, make a down payment or qualify for down payment assistance, be a US citizen or legal alien and have an acceptable credit history. Some Kentucky Housing loans are subject to a federal recapture tax. Recapture is a federal income tax that the borrowers may have to pay if they have considerable growth in their income and they sell or transfer their KHC-financed home within 9 years. However, KHC has implemented a Recapture Tax Guarantee Program for all loans that close after October 1, 2006. The Recapture Tax Guarantee Program will reimburse homeowners if they are subject to pay the Federal Recapture Tax on their KHC mortgage loan upon the sale of their home.

Conventional Insured by approved mortgage insurance company. Minimum credit score of 660 or better. Quick turnaround time, 20 percent down payment and no up-front or monthly mortgage insurance.

FHA Insured by the Federal Housing Administration. Down payments as little as 3.5 percent. Can use DAP for 3.5 percent down payment requirement. Upfront and monthly mortgage insurance. Minimum credit score of 640.

VA Guaranteed by the Veterans Administration for qualified military veterans. No down payment if the property appraises for the sale price or greater. Credit underwriting is flexible. Minimum credit score of 620. No monthly mortgage insurance payments.

RHS Guaranteed by Rural Housing Services (RHS). Home must be located in a rural area as defined by RHS. No down payment if the property appraises for the sale price or greater. Minimum credit score of 640. No monthly mortgage insurance payments.

Mortgage Credit Certificates (MCC) A Mortgage Credit Certificates (MCC) reduces the amount of federal income tax you pay, giving you more available income to qualify for a mortgage loan. MCCs are NOT mortgages. They are tax credits that put extra cash in your pocket each month, so you can more easily afford a house payment. That means fewer tax dollars will be withheld from your regular paycheck, increasing your take-home pay. The federal government allows every homeowner an

income tax deduction

for all the interest paid each year on a mortgage loan. But an MCC gives you a tax credit of 25 percent (not to exceed $2,000). You can still deduct the remaining 75 percent interest on your income taxes. A tax credit is not the same as a tax deduction. A tax deduction reduces the portion of your income that is taxed, so you pay less. A tax credit is a direct, dollar for dollar reduction in the total tax you owe. The MCC is effective for the life of the loan as long as you live in the home. If you sell your home in the first nine years of ownership, you may be subject to Federal Recapture Tax.

Special First Mortgage Loan Programs New Construction Program for Single-Parent, Disabled and Elderly Households offers loans for newly constructed houses at interest rates from 1 to 6 percent. These limited funds are available, usually in July, on a first-come, first-served basis. Guidelines Interest rate determined by the families’ ability to repay the loan. For new homes with a purchase price of $115,000 or less. Eligible borrowers: Single parents (at least one dependent under the age of 18 must live in the home.) Households with a person who has a permanent disability and who receives some form of disability income (SSI, SSDI, Veterans Disability etc.). Households where at least one of the home buyers is age 62 or older. Income guidelines: $28,000 for a household of 1 or 2 people; or $33,000 for a household of 3 or more people. Kentucky Housing’s DAP loan program may be used for down payment and closing cost assistance. Applying for a Kentucky Housing loan is easy. Just contact one of our approved lenders near you and ask for a Kentucky Housing loan.

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Posted in 100% Financing Zero Down, 4 things needed for Mortgage Approval, Louisville First Time Buyer Mortgages, Louisville First Time Buyers, Louisville Ky First Time Home Buyer Loan, Louisville Mortgage : Louisville Mortgage loans, rhs loans kentucky, Rural Housing/ USD LOANS ZERO DOWN, Specializing in Louisville First Time Buyer Loans, Uncategorized, USDA No money down mortgage Louisville Kentucky Kentucky housing corp 30 year fixed | Tagged , , , , , , , , , , , , , , , , , | 9 Comments

FHA Mortgage Requirements for Louisville Ky First Time Home Buyers

Posted on November 22, 2011 by

FHA Mortgage Requirements for Louisville Ky First Time Home Buyers.

via FHA Mortgage Requirements for Louisville Ky First Time Home Buyers.

Posted in Louisville Kentucky FHA Loans Lexington Kentucky FHA Loans, Louisville Kentucky FHA Loans Lexington Kentucky FHA LoansElizabethtown Kentucky FHA Loans | Tagged , , , , , , , , | 1 Comment

FHA Approved Condo List Louisville Kentucky Jefferson County

Posted on November 20, 2011 by

Condo
Name
Condo ID /
Submission
Address
Approval
Method
Composition
of Project
Comments
Document
Status
Manufactured
Housing
FHA
Concentration
Status
Status
Date
Expiration
Date
MANNER POINTE
A000006 001
MANNERDALE DRIVE
LOUISVILLE, KY 40220
HRAP
Phase 1, 37 units, bldgs 1-11, 13, 14 16-37.
None
Recorded/
Not Uploaded
No
0.00%
Approved
02/11/2010
12/07/2011
PARKWOOD VILLAS
A000019 001
6601 PRICE LN
LOUISVILLE, KY 40229
HRAP
Bldgs 1-19,20,21,23. DB 08325PG0310
Exists
Recorded/
Not Uploaded
No
3.84%
Approved
01/05/2010
01/05/2012
BAXTER PLACE CONDOMINIUMS
A002512 001
LOUISVILLE, KY 40204
HRAP
APPROVED IS PHASE 1, BUILDINGS 1, 2, AND 3. BUILDING 1 IS COMPLETED. BUILDINGS 2 AND 3 ARE PROPOSED AS 0F 3/31/00. RECERTIFICATION DUE 8-11-06.
None
Recorded/
Not Uploaded
No
n/a
Approved
03/31/2000
08/31/2011
(expired)
THE FOUNTAINS CONDOMINIUM
A002515 001
LOUISVILLE, KY 40228
HRAP
Consisting of 228 units. Entire project approved.
None
Recorded/
Not Uploaded
No
1.31%
Approved
11/08/2000
08/31/2011
(expired)
PARK LANE CONDOMINIUMS, (THE)
A002519 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
07/06/1989
05/31/2011
(expired)
BAXTER CONDOMINIUMS
A002520 001
ELLWOOD AVENUE
LOUISVILLE, KY 40204
HRAP
28 units.
None
Recorded/
Not Uploaded
No
10.71%
Approved
06/22/1989
05/31/2011
(expired)
DONARD PARK CONDOMINIUMS
A002521 001
100 DONARD PARK AVENUE
LOUISVILLE, KY 40218
HRAP
14 buildings, 168 units.
None
Recorded/
Not Uploaded
No
8.92%
Approved
09/16/2011
09/16/2013
THE SUMMIT AT POLO FIELDS
A002522 001
LOUISVILLE, KY 40245
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
04/01/2002
09/30/2011
(nearing expiration)
COBBLESTONE CONDOMINIUMS
A002523 001
LOUISVILLE, KY 40241
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
09/25/2002
09/30/2011
(nearing expiration)
PINNACLE GARDENS
A002525 001
3407 PINNACLE GARDENS DRIVE
LOUISVILLE, KY 40206
HRAP
BUILDINGS 1 THRU 8. DB 07538. Total 104 units.
None
Recorded/
Not Uploaded
No
18.26%
Approved
04/19/2011
04/19/2013
PARK ARMS CONDOMINIUMS
A002526 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
08/08/1989
05/31/2011
(expired)
SALEM SQUARE CONDOMINIUMS
A002527 001
521 ZORN AVENUE
LOUISVILLE, KY 40206
HRAP
2 PHASES, 8 BUILDINGS, 92 UNITS.
Conversion date for project 7/1973
None
Recorded/
Not Uploaded
No
1.08%
Approved
06/28/2011
06/28/2013
TAVNER COMDOMINIUMS, (THE)
A002532 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
08/24/1989
05/31/2011
(expired)
WOODSPOINTE TOWNHOMES
A002533 001
LOUISVILLE, KY 40220
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
09/25/1989
05/31/2011
(expired)
DORSEY STATION CONDOMINIUMS
A002534 001
LOUISVILLE, KY 40223
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
09/19/1989
05/31/2011
(expired)
TREIS CONDOMINIUMS
A002535 001
MURPHAY LANE
LOUISVILLE, KY 40245
HRAP
Ten buildings total 78 units.
None
Recorded/
Not Uploaded
No
37.17%
Approved
09/13/2011
09/13/2013
HAWTHORNE POINTE CONDOMINIUMS
A002536 001
HAWTHORNE POINTE DRIVE
LOUISVILLE, KY 40272
HRAP
84 Units, Buildings 1-9, 9A, 10 and 11. DB 07824, PG 0498.
Exists
Recorded/
Not Uploaded
No
7.14%
Approved
08/02/2011
08/02/2013
VILLAGE OF WHITE OAKS*
A002537 001
1101 POWERHOUSE
LOUISVILLE, KY 40242
HRAP
40 units, 4 buildings, 1 phase
*FULL NAME FOR PROJECT: VILLAGE OF WHITE OAKS CONDOMINIUM
None
Recorded/
Not Uploaded
No
17.50%
Approved
07/27/2011
07/27/2013
COTTONWOOD
A002540 001
SCHOEFFE AVENUE
LOUISVILLE, KY 40206
HRAP
RECORDED PB 88, PP. 23 THRU 24. RECERTIFICATION DUE 8-8-04 -LY
None
Recorded/
Not Uploaded
No
50.00%
Approved
09/20/2011
09/20/2013
CREEKWOOD
A002541 001
LOUISVILLE, KY 40291
HRAP
PHASES: 1-3, 6-14. DB 7885 PG 922. 51% OWNER OCCUP. CERT. TO BE INCLUDED WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
7.14%
Approved
07/18/2003
09/30/2011
(nearing expiration)
NORRIS PLACE CONDOMINIUMS
A002542 001
LOUISVILLE, KY 40204
HRAP
DB 07420 PG 0780. RECERTIFICATION DUE 06-24-10 51% OWNER OCCUP. CERT. TO BE INCLUDED WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
n/a
Approved
12/16/2002
09/30/2011
(nearing expiration)
MOCKINGBIRD VALLEY VILLAS
A002544 001
410 MOCKINGBIRD VALLEY ROAD
LOUISVILLE, KY 40207
HRAP
6 BUILDINGS, 5 PHASES, 56 UNITS
None
Recorded/
Not Uploaded
No
8.92%
Approved
04/29/2011
04/29/2013
HICKORY SQUARE CONDOMINIUMS
A002545 001
LOUISVILLE, KY 40207
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
11/02/1989
05/31/2011
(expired)
TIMBERWOOD II
A002546 001
LOUISVILLE, KY 40223
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
11/08/1989
05/31/2011
(expired)
COMMODORE, (THE)
A002548 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
CHAMBERLAIN SQUARE CONDOMINIMU
A002643 001
LOUISVILLE, KY 40241
HRAP
DB 8929, PG 882, BLDGS 1-7 (28 UNITS) NOTE: 51% CERTIFICATION OF OWNER OCCUPY MUST BE INCLUDED UN EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
7.14%
Approved
08/12/2009
12/07/2011
CHAPPEL VIEW CONDOMINIUMS
A002620 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
07/07/1993
07/31/2011
(expired)
CHARLESWOOD CONDOMINIUMS
A002666 001
LOUISVILLE, KY 40229
HRAP
THERE IS NO OVERALL RECORDED DEVELOP- MENT PLAT; THEREFORE, EACH UNIT WILL HAVE INDIVIDUAL RECORDED PLAT
None
Recorded/
Not Uploaded
No
n/a
Approved
11/26/1996
08/31/2011
(expired)
CHATEAU BOHNE
A005778 001
2845 & 2847 HIKES LANE
LOUISVILLE, KY 40218
HRAP
Existing condo
None
Recorded/
Not Uploaded
No
8.57%
Approved
01/29/2010
01/28/2012
CHATEAU SQUARE CONDOMINIUM
A002690 001
1934 GOLDSMITH LANE
LOUISVILLE, KY 40218
HRAP
36 UNITS, 6 BUILDINGS.
Exists
Recorded/
Not Uploaded
No
25.00%
Approved
03/01/1989
05/31/2011
(expired)
CHENOWETH PARK PATIO HOMES
A006025 001
CHENOWETH VISTA WAY
LOUISVILLE, KY 40299
HRAP
72 Unit condominium.
Exists
Recorded/
Not Uploaded
No
0.00%
Approved
06/17/2010
06/17/2012
CHEROKEE GARDENS
A002691 001
LOUISVILLE, KY 40204
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED RECERTIFICATION DUE 2 YEARS FROM ABOVE DATE
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
CHEROKEE VIEW
A002585 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
06/13/1990
05/31/2011
(expired)
CHEVAL PLACE CONDOMINIUMS
A002560 001
3205 CHEVAL WAY
LOUISVILLE, KY 40299
HRAP
18 UNITS ; 3 BUILDINGS
None
Recorded/
Not Uploaded
No
22.22%
Approved
09/07/2011
09/07/2013
COBBLESTONE CONDOMINIUMS
A002523 001
LOUISVILLE, KY 40241
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
09/25/2002
09/30/2011
(nearing expiration)
COLLEGE COURT CONDOMINIUMS
A002671 001
LOUISVILLE, KY 40203
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
04/14/1997
08/31/2011
(expired)
COLONIAL HILLS MANOR
A002692 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
COLONIAL WOODS CONDOMINIUMS
A002610 001
LOUISVILLE, KY 40223
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
04/26/1993
07/31/2011
(expired)
COMMODORE, (THE)
A002548 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
11/03/1989
05/31/2011
(expired)
COMMONS OF WESTPORT GARDENS
A002629 001
4854 WESTPORT RD
LOUISVILLE, KY 40222
DELRAP
Phase 1 & 2. 72 units.
Exists
Recorded/
Uploaded
No
27.77%
Approved
12/07/2010
12/07/2012
CORREL PLACE CONDOMINIUMS
A008372 001
7210 CORRELL PLACE DRIVE
LOUISVILLE, KY 40228
HRAP
20 units, 3 buildings.
None
Recorded/
Not Uploaded
No
0.00%
Approved
07/27/2011
07/27/2013
COTTAGES AT WESTPORT
A002638 001
LOUISVILLE, KY 40245
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
10/27/1994
07/31/2011
(expired)
COTTONWOOD
A002540 001
SCHOEFFE AVENUE
LOUISVILLE, KY 40206
HRAP
RECORDED PB 88, PP. 23 THRU 24. RECERTIFICATION DUE 8-8-04 -LY
None
Recorded/
Not Uploaded
No
50.00%
Approved
09/20/2011
09/20/2013
CREEKWOOD
A002541 001
LOUISVILLE, KY 40291
HRAP
PHASES: 1-3, 6-14. DB 7885 PG 922. 51% OWNER OCCUP. CERT. TO BE INCLUDED WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
7.14%
Approved
07/18/2003
09/30/2011
(nearing expiration)
CRESCENT CENTRE CONDOMINIUMS
A002634 001
LOUISVILLE, KY 40201
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
03/17/1994
07/31/2011
(expired)
CRESCENT CROSSING CONDOMINIUM
A008240 001
114 CRESCENT AVE
LOUISVILLE, KY 40206
DELRAP
22 units located in a two story building.
None
Recorded/
Uploaded
No
4.54%
Approved
06/15/2011
06/15/2013
CRESCENT SPRING CONDOMINIUMS
A002693 001
302 CRESCENT SPRING DRIVE
LOUISVILLE, KY 40205
HRAP
16 BUILDINGS; 97 UNITS
None
Recorded/
Not Uploaded
No
32.98%
Approved
07/08/2011
07/08/2013
CROSSINGS AT COOPER CHAPEL
A002575 001
LOUISVILLE, KY 40229
HRAP
OK TO PROCESS – PHASES 3-5, PHASES 6-7
None
Recorded/
Not Uploaded
No
13.88%
Approved
05/24/2004
09/30/2011
(nearing expiration)
DARNELL MANOR CONDOMINIUMS
A002627 001
LOUISVILLE, KY 40220
HRAP
BK.:07471,PGE.:3854 ET.SEQ.; BUILDINGS 1-5 RECERTIFICATION OF PROJECT PRIOR TO 07/01/2010.
None
Recorded/
Not Uploaded
No
9.52%
Approved
06/23/2008
03/31/2011
(expired)
DONARD PARK CONDOMINIUMS
A002521 001
100 DONARD PARK AVENUE
LOUISVILLE, KY 40218
HRAP
14 buildings, 168 units.
None
Recorded/
Not Uploaded
No
8.92%
Approved
09/16/2011
09/16/2013
Condo
Name
Condo ID /
Submission
Address
Approval
Method
Composition
of Project
Comments
Document
Status
Manufactured
Housing
FHA
Concentration
Status
Status
Date
Expiration
Date
DORSEY HILLS CONDOMINIUM
A002621 001
10601 MCMEEKIN LANE
LOUISVILLE, KY 40223
HRAP
Total units 184.
None
Recorded/
Not Uploaded
No
7.60%
Approved
02/09/2011
02/09/2013
DORSEY STATION CONDOMINIUMS
A002534 001
LOUISVILLE, KY 40223
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
09/19/1989
05/31/2011
(expired)
DOUGLAS ARMS
A002591 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
10/04/1990
05/31/2011
(expired)
DOUGLAS HILLS
A002694 001
LOUISVILLE, KY 40243
HRAP
137 UNITS APPROVED.
None
Recorded/
Not Uploaded
No
21.89%
Approved
03/01/1989
05/31/2011
(expired)
DOVE CREEK
A002581 001
GREENBRIAR COURT
LOUISVILLE, KY 40242
HRAP
Buildings 14-25, 27A, 27B and 27C. Book 5142, Page 731. 50% owner occupancy cert to be included in each case binder.
None
Recorded/
Not Uploaded
No
35.38%
Approved
05/11/1990
05/31/2011
(expired)
DOVE CREEK CONDO PHASE II
A008259 001
8607 GREENBRIAR CT
LOUISVILLE, KY 40242
DELRAP
65 units in 14 buildings and 1 phase. This approval is for phase II only which is legally distinct and separate from the other phases of Dove Creek.
None
Recorded/
Uploaded
No
1.53%
Approved
06/20/2011
06/20/2013
DUNDEE TERRACE
A002586 001
LOUISVILLE, KY 40205
HRAP
REPAIRS WERE REQUIRED. INSPECTION MADE ON AUGUST 7, 1990 TO CLEAR THE REPAIRS.
None
Recorded/
Not Uploaded
No
n/a
Approved
08/07/1990
05/31/2011
(expired)
EAST BAY VILLAS CONDOMINIUMS
A002669 001
LOUISVILLE, KY 40245
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
01/27/1997
08/31/2011
(expired)
EASTHAMPTON CONDOMINIUM
A002608 001
YORKWOOD PLACE
LOUISVILLE, KY 40223
HRAP
64 UNITS, 11 BUILDINGS
Exists
Recorded/
Not Uploaded
No
18.75%
Approved
05/15/1992
07/31/2011
(expired)
EVERGREEN POINT CONDOMINIUM
A005762 001
250 MIDDLETOWN SQUARE
LOUISVILLE, KY 40243
HRAP
Buildings 2 & 3.
None
Recorded/
Not Uploaded
No
21.21%
Approved
12/16/2009
12/16/2011
FAIRFAX SQUARE
A002695 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
FIRST PLACE CONDOMINIUMS, 1&2
A002675 001
LOUISVILLE, KY 40203
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
06/23/1997
08/31/2011
(expired)
FLEUR DE LIS ON MAIN
A007328 001
324 EAST MAIN STREET
LOUISVILLE, KY 40202
HRAP
5 story building. 82 residential units / 3 commercial units (14% total floor area).
None
Recorded/
Not Uploaded
No
1.17%
Approved
02/01/2011
02/01/2013
FOREST PARK CONDOMINIUMS
A002624 001
LOUISVILLE, KY 40223
HRAP
RE-CERTIFICATION REQUIRED.
None
Recorded/
Not Uploaded
No
n/a
Approved
01/05/1994
07/31/2011
(expired)
FOURTH STREET CONDOS
A002592 001
LOUISVILLE, KY 40208
HRAP
WAS CONVERTED FROM AN OLDER HOME.
None
Recorded/
Not Uploaded
No
n/a
Approved
01/04/1991
07/31/2011
(expired)
FOX HOLLOW CONDOMINIUM
A002653 001
LOUISVILLE, KY 40228
HRAP
APPROVED BUILDINGS: 4, 5, 6 & 7. DB 8377 PG543. 51% OWNER OCCUP. CERT. TO BE INCLUDED WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
10.00%
Approved
09/01/2009
12/07/2011
GARDEN COURT
A002549 001
LOUISVILLE, KY 40206
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
11/17/1989
05/31/2011
(expired)
GARDEN PARK TOWNHOMES
A002697 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
GARDENS AT BAY RUN CONDOMINIUM
A002668 001
LOUISVILLE, KY 40245
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
01/17/1997
08/31/2011
(expired)
GARDENS OF GLENMARY VILLAGE *
A002614 001
LOUISVILLE, KY 40291
HRAP
BLDGS 1, 2 & 3. DB 8724 PG 766. * FULL LEGAL NAME SHOULD READ – THE GARDENS OF GLENMARY VILLAGE.
None
Recorded/
Not Uploaded
No
41.66%
Approved
03/22/2007
03/31/2011
(expired)
GARDINER LAKE CONDOMINIUMS
A002613 001
LOUISVILLE, KY 40205
HRAP
53 units
None
Recorded/
Not Uploaded
No
n/a
Approved
07/02/1993
07/31/2011
(expired)
GLENMARY MANOR CONDOMINIUM
A002655 001
LOUISVILLE, KY 40204
HRAP
APPROVAL DOES NOT EXTEND TO THE COOPERATIVE AT THE FOLLOWING ADDRESS: 2450 GLENMARY, UNITS 1-8.
None
Recorded/
Not Uploaded
No
n/a
Approved
02/07/1995
07/31/2011
(expired)
GRANDVIEW SQUARE
A002594 001
LOUISVILLE, KY 40207
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
05/30/1991
07/31/2011
(expired)
GRAYSTONE MANOR
A002571 001
LOUISVILLE, KY 40241
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
06/27/1991
07/31/2011
(expired)
GREEN HILL CONDO
A002606 001
LOUISVILLE, KY 40206
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
09/10/1991
07/31/2011
(expired)
Condo
Name
Condo ID /
Submission
Address
Approval
Method
Composition
of Project
Comments
Document
Status
Manufactured
Housing
FHA
Concentration
Status
Status
Date
Expiration
Date
HARMONY PLACE II
A002699 001
4906 BARDSTOWN ROAD
LOUISVILLE, KY 40291
HRAP
73 UNITS, 56 BUILDINGS
None
Recorded/
Not Uploaded
No
15.06%
Approved
06/10/2011
06/10/2013
HARRODS LANDING CONDOMINIUMS
A002611 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
05/04/1993
07/31/2011
(expired)
HAWTHORNE POINTE CONDOMINIUMS
A002536 001
HAWTHORNE POINTE DRIVE
LOUISVILLE, KY 40272
HRAP
84 Units, Buildings 1-9, 9A, 10 and 11. DB 07824, PG 0498.
Exists
Recorded/
Not Uploaded
No
7.14%
Approved
08/02/2011
08/02/2013
HICKORY SQUARE CONDOMINIUMS
A002545 001
LOUISVILLE, KY 40207
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
11/02/1989
05/31/2011
(expired)
HURSTBOURNE RIDGE CONDOMINIUMS
A002673 001
3415 HURST BOURNE RIDGE BOULEVARD
LOUISVILLE, KY 40299
HRAP
176 units, 18 buildings
Exists
Recorded/
Not Uploaded
No
6.25%
Approved
06/25/1997
08/31/2011
(expired)
INDIAN RIDGE CONDOMINIUMS
A002607 001
LOUISVILLE, KY 40207
HRAP
RECERTIFICATION REQUIRED PRIOR TO 06/02/10.
None
Recorded/
Not Uploaded
No
n/a
Approved
05/04/1993
07/31/2011
(expired)
IVY RIDGE
A006557 001
4411 IVY CREST CIRCLE
LOUISVILLE, KY 40241
HRAP
76 Units Declared. DB 09056 Pg 0052.
Exists
Recorded/
Not Uploaded
No
0.00%
Approved
08/30/2010
08/30/2012
JOHNSON GREEN AT BEULAH *
A002676 001
7407 JOHNSON SCHOOL ROAD
LOUISVILLE, KY 40291
HRAP
187 units
*FULL NAME FOR PROJECT: Johnson Green at Beulah Church, a Condominium
Exists
Recorded/
Not Uploaded
No
13.36%
Approved
08/01/1997
08/31/2011
(expired)
KENILWORTH HEIGHTS LOFTS
A006655 001
KENILWORTH ROAD
LOUISVILLE, KY 40206
HRAP
12 Units. DB 08720 Pg 0566.
Exists
Recorded/
Not Uploaded
No
0.00%
Approved
07/15/2010
07/15/2012
LAKE VILLAGE AT LANDIS LAKES
A002649 001
LAKE VILLAGE DR & CRESENT COVE DR
LOUISVILLE, KY 40299
HRAP
APPROVED BLDGS: 1,2,4,5,6,7,14-18. Master Deed DB 09117 PG 431.
Exists
Recorded/
Not Uploaded
No
20.00%
Approved
06/11/2009
12/07/2011
LAKEVIEW
A002700 001
LOUISVILLE, KY 40205
HRAP
REINSPECTED BY ROBIN PENICK AND WITH VERIFICATION OF 51% AND LIABI LITY COVERAGE. COMMUNICATED TO FAIRNOT – INSPECTED ON 5-06. REINSTATED BY LYOUNG PER INSTRUCTONS ABOVE. 8-30-06
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
LAKEVIEW CONDOMINIUMS
A007711 001
1815 GARDINER LN
LOUISVILLE, KY 40205
HRAP
248 units
None
Recorded/
Not Uploaded
No
4.03%
Approved
01/19/2011
01/19/2013
LASALLE PLACE CONDOMINIUMS
A008261 001
1750 LA SALLE PLACE
LOUISVILLE, KY 40210
HRAP
158 units
None
Recorded/
Not Uploaded
No
0.00%
Approved
06/23/2011
06/23/2013
LEBARON MANOR
A002551 001
LOUISVILLE, KY 40211
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
04/11/1990
05/31/2011
(expired)
LEXINGTON HOUSE CONDOMINIUMS
A002667 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
01/07/1997
08/31/2011
(expired)
LINDSAY HEIGHTS, A CONDOMINIUM
A006506 001
2501 LINDSAY AVE APT 5
LOUISVILLE, KY 40206
DELRAP
Project consists of 32 two story units. MDBook 5065, Pg 191
NOTE: By Laws are section 11 of the master deed.
Exists
Recorded/
Uploaded
No
3.12%
Approved
05/18/2010
05/18/2012
LODGE (THE)
A002701 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
MAGNOLIA PLACE JEFFERSONTOWN
A002604 001
LOUISVILLE, KY 40220
HRAP
BUILDINGS 1 – 4, 7, 8. 51% OWNER OCCUP. CERT. TO BE INCLUDED WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
8.33%
Approved
11/27/2006
03/31/2011
(expired)
MAGNOLIA RIDGE CONDOMINIUMS
A002556 001
9410 MAGNOLIA RIDGE DRIVE
LOUISVILLE, KY 40291
HRAP
BLDS #1,2,3,4,5,6. DB8073,PG 591.
None
Recorded/
Not Uploaded
No
32.50%
Approved
01/03/2011
01/03/2013
MANNER POINTE
A000006 001
MANNERDALE DRIVE
LOUISVILLE, KY 40220
HRAP
Phase 1, 37 units, bldgs 1-11, 13, 14 16-37.
None
Recorded/
Not Uploaded
No
0.00%
Approved
02/11/2010
12/07/2011
MANNER POINTE
A007113 001
7800 FOXLAIR WAY
LOUISVILLE, KY 40220
DELRAP
Phase 2, bldgs. 12 & 17; 6 units – Entire project will have 3 phases with 47 units.
None
Recorded/
Uploaded
No
2.12%
Approved
08/09/2010
08/09/2012
MANSARD HOUSE
A002702 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
MEADOWLARK MANOR CONDOMINIUMS
A002727 001
LOUISVILLE, KY 40245
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
03/16/1999
08/31/2011
(expired)
MIDDLETOWN VILLA
A002578 001
LOUISVILLE, KY 40243
HRAP
BLDG 8&16
None
Recorded/
Not Uploaded
No
25.00%
Approved
02/11/2005
09/30/2011
(nearing expiration)
MOCKINGBIRD VALLEY VILLAS
A002544 001
410 MOCKINGBIRD VALLEY ROAD
LOUISVILLE, KY 40207
HRAP
6 BUILDINGS, 5 PHASES, 56 UNITS
None
Recorded/
Not Uploaded
No
8.92%
Approved
04/29/2011
04/29/2013
Condo
Name
Condo ID /
Submission
Address
Approval
Method
Composition
of Project
Comments
Document
Status
Manufactured
Housing
FHA
Concentration
Status
Status
Date
Expiration
Date
MONTRIO
A002584 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
05/29/1990
05/31/2011
(expired)
MOSS CREEK CONDOMINIUMS
A002618 001
LOUISVILLE, KY 40258
HRAP
Phased development. Buildings currently approved: 1-15,17-21,46-48,51,84,85,92-101.
None
Recorded/
Not Uploaded
No
43.75%
Approved
06/13/2011
06/13/2013
NORRIS PLACE CONDOMINIUMS
A002542 001
LOUISVILLE, KY 40204
HRAP
DB 07420 PG 0780. RECERTIFICATION DUE 06-24-10 51% OWNER OCCUP. CERT. TO BE INCLUDED WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
n/a
Approved
12/16/2002
09/30/2011
(nearing expiration)
OAKS, (THE)
A002569 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
03/09/1990
05/31/2011
(expired)
OAKSHIRE
A002704 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
PARK ARMS CONDOMINIUMS
A002526 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
08/08/1989
05/31/2011
(expired)
PARK CENTRAL CONDOMINIUMS
A002657 001
LOUISVILLE, KY 40202
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
08/14/1995
07/31/2011
(expired)
PARK LANE CONDOMINIUMS, (THE)
A002519 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
07/06/1989
05/31/2011
(expired)
PARK PLACE LOFTS
A007516 001
400 EAST MAIN STREET
LOUISVILLE, KY 40203
HRAP
32 units, 1 building.
None
Recorded/
Not Uploaded
No
0.00%
Approved
05/24/2011
05/24/2013
PARKLAND PLACE CONDOMINIUMS
A002654 001
LOUISVILLE, KY 40204
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
11/30/1994
07/31/2011
(expired)
PARKWAY EAST
A002555 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
11.11%
Approved
03/08/2003
09/30/2011
(nearing expiration)
PARKWOOD VILLAS
A000019 001
6601 PRICE LN
LOUISVILLE, KY 40229
HRAP
Bldgs 1-19,20,21,23. DB 08325PG0310
Exists
Recorded/
Not Uploaded
No
3.84%
Approved
01/05/2010
01/05/2012
PINNACLE GARDENS
A002525 001
3407 PINNACLE GARDENS DRIVE
LOUISVILLE, KY 40206
HRAP
BUILDINGS 1 THRU 8. DB 07538. Total 104 units.
None
Recorded/
Not Uploaded
No
18.26%
Approved
04/19/2011
04/19/2013
PLAZA DE ORO
A006769 001
4180 LYNDON WAY
LOUISVILLE, KY 40207
DELRAP
Five story building consisting of 48 units, lobby, fitness room, pool, clubhouse.
Exists
Recorded/
Uploaded
No
8.33%
Approved
06/17/2010
06/17/2012
PLAZA OF ST. JAMES COURT
A002612 001
LOUISVILLE, KY 40208
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
06/04/1993
07/31/2011
(expired)
RENAISANCE LOFTS
A002628 001
2745 GRINSTEAD DR
LOUISVILLE, KY 40206
HRAP
32 Units (UNITs 100-115, 200-215). DB 09109 PG 0743.
Exists
Recorded/
Not Uploaded
No
18.75%
Approved
03/09/2011
03/09/2013
RIVER POINTE PATIO HOMES
A008361 001
6300 RIVER POINT DRIVE
LOUISVILLE, KY 40258
HRAP
62 units, 18 buildings
None
Recorded/
Not Uploaded
No
0.00%
Approved
09/12/2011
09/12/2013
ROLLING FIELDS SOUTH
A005940 001
3621 BROWNSBORO RD
LOUISVILLE, KY 40207
DELRAP
Phase 1, ALL 20 Units, Units 1-20, Within 5 Buildings. Buildings are 2 stories and contain 4 units each.
None
Recorded/
Uploaded
No
15.00%
Approved
03/08/2010
03/08/2012
SALEM SQUARE CONDOMINIUMS
A002527 001
521 ZORN AVENUE
LOUISVILLE, KY 40206
HRAP
2 PHASES, 8 BUILDINGS, 92 UNITS.
Conversion date for project 7/1973
None
Recorded/
Not Uploaded
No
1.08%
Approved
06/28/2011
06/28/2013
SAVANNAH SPRINGS CONDOMINIUMS
A007951 001
8403 MOSS GARDEN DRIVE
LOUISVILLE, KY 40219
HRAP
19 buildings, 98 units
None
Recorded/
Not Uploaded
No
2.04%
Approved
05/11/2011
05/11/2013
SHADOWOOD TOWN HOMES
A002707 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
SHAKERFARMS
A002708 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
SHELBY CROSSING CONDO
A002617 001
LOUISVILLE, KY 40223
HRAP
OWNER-OCCUPANCY IS TO BE BASED ON 170 UNITS. -51% IS 87 UNITS.
None
Recorded/
Not Uploaded
No
15.88%
Approved
06/11/2007
03/31/2011
(expired)
SHELBY POINTE CONDOMINIUMS
A002622 001
LOUISVILLE, KY 40223
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
10/29/1993
07/31/2011
(expired)
SOHO LOFTS
A008271 001
830 EAST MAIN STREET
LOUISVILLE, KY 40206
DELRAP
One phase 38 total units
Exists
Recorded/
Uploaded
No
13.15%
Approved
06/23/2011
06/23/2013
Condo
Name
Condo ID /
Submission
Address
Approval
Method
Composition
of Project
Comments
Document
Status
Manufactured
Housing
FHA
Concentration
Status
Status
Date
Expiration
Date
SPINDLEWICK CONDOMINIUMS
A002566 001
LOUISVILLE, KY 40206
HRAP
40 unit project Phases I-V Building A-E
project recertified 02/18/2010
None
Recorded/
Not Uploaded
No
n/a
Approved
02/06/1990
05/31/2011
(expired)
SPRINGS OF GLENMARY VILLAGE
A002590 001
LOUISVILLE, KY 40291
HRAP
BUILDINGS 5P-11P& 1T, 3T 8T, 9T, 12P -22P, DB08914, PG 0419 DB8545, POG 942
None
Recorded/
Not Uploaded
No
10.57%
Approved
09/29/2005
09/30/2011
(nearing expiration)
ST. ANTHONY’S LANDING
A002577 001
LOUISVILLE, KY 40214
HRAP
PHASE 1 BLDGS 14&15, PHASE 2 BLDG 13
None
Recorded/
Not Uploaded
No
7.50%
Approved
11/05/2004
09/30/2011
(nearing expiration)
ST. JAMES FLATS CONDOMINIUMS
A002674 001
LOUISVILLE, KY 40208
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
06/17/1997
08/31/2011
(expired)
STOVALL PLACE
A007948 001
7938 STOVALL CT
LOUISVILLE, KY 40228
DELRAP
10 phases, 90 units
None
Recorded/
Uploaded
No
3.33%
Approved
03/21/2011
03/21/2013
SWAN POINTE CONDOMINIUM
A002729 001
1201 WINTER SPRINGS COURT
LOUISVILLE, KY 40243
HRAP
320 units, 38 buildings.
None
Recorded/
Not Uploaded
No
5.93%
Approved
08/15/2011
08/15/2013
SYCAMORE II
A002710 001
10401-15 CADY COVE CT
LOUISVILLE, KY 40201
DELRAP
Contains 74 townhouse style units in 13 buldings
None
Recorded/
Uploaded
No
13.51%
Approved
08/15/2011
08/15/2013
SYCAMORE III
A002711 001
LOUISVILLE, KY 40201
HRAP
RECERTIFICATION DUE 12/02/2010
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
TAVNER COMDOMINIUMS, (THE)
A002532 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
08/24/1989
05/31/2011
(expired)
THE CLIFF VIEW TERRACE CONDO
A002650 001
LOUISVILLE, KY 40206
HRAP
DOC # 9058 51% OWNER OCCUPANCY MUST BE PROVIDED WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
21.42%
Approved
06/03/2009
12/07/2011
THE COTTAGES AT MEADOWVIEW
A002724 001
LOUISVILLE, KY 40218
HRAP
UNITS:1-27,29-83. DB 7082 PG 549.
None
Recorded/
Not Uploaded
No
n/a
Approved
08/27/1998
08/31/2011
(expired)
THE FOUNTAINS
A005559 001
LOUISVILLE, KY 40228
HRAP
ADD PHASE 10, BLDING #11. 51% OWNER OCCUPANCY REQUIRED PRIOR TO EN DORSEMENT.
None
Recorded/
Not Uploaded
No
33.33%
Approved
04/10/2001
09/30/2011
(nearing expiration)
THE FOUNTAINS CONDOMINIUM
A002515 001
LOUISVILLE, KY 40228
HRAP
Consisting of 228 units. Entire project approved.
None
Recorded/
Not Uploaded
No
1.31%
Approved
11/08/2000
08/31/2011
(expired)
THE GARDENS OF MONTICELLO
A002642 001
LOUISVILLE, KY 40299
HRAP
BUILDINGS: 1 THRU 7.
DB 09037 PG 0874.
None
Recorded/
Not Uploaded
No
20.00%
Approved
06/25/2009
06/25/2011
(expired)
THE PARKVIEW CONDOMINIUMS
A002714 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED. NAME CHANGED TO “THE PARKVIEW CONDOMINIUMS” BY THE BOARD OF ADMIN- ISTRATION ON 8/16/95. SEE DB 6172, P 704, JEFFERSON CTY, KY.(TLR).
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
THE PATIO HOMES OF VALLEY FARM
A005970 001
5250 VALKYRIE WAY
LOUISVILLE, KY 40272
HRAP
Phase 1 only bldgs 5-8
None
Recorded/
Not Uploaded
No
6.25%
Approved
10/05/2010
10/05/2012
THE PINES CONDOMINIUMS
A002637 001
LOUISVILLE, KY 40206
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
10/12/1994
07/31/2011
(expired)
THE SUMMIT AT POLO FIELDS
A002522 001
LOUISVILLE, KY 40245
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
04/01/2002
09/30/2011
(nearing expiration)
THE VILLAGE @ WILDWOOD
A002557 001
LOUISVILLE, KY 40228
HRAP
281 UNITS
Exists
Recorded/
Not Uploaded
No
40.56%
Approved
07/31/2003
09/30/2011
(nearing expiration)
THE VILLAGE AT INDIAN FALLS
A002565 001
LOUISVILLE, KY 40228
HRAP
FANNIE MAE FORM 1028 REC’D FOR UNITS 1-84
None
Recorded/
Not Uploaded
No
33.33%
Approved
04/05/2004
09/30/2011
(nearing expiration)
THE VILLAS AT PINNACLE PLACE
A006666 001
4301 PINNACLE VIEW PL
LOUISVILLE, KY 40272
HRAP
50 units
Exists
Recorded/
Not Uploaded
No
0.00%
Approved
11/18/2010
11/18/2012
THE VILLAS OF STONY FARM
A002605 001
LOUISVILLE, KY 40299
HRAP
UNITS:29,30,52-60,63-66,69-135. CONDO DB 8908 PG 426. CERTIFICATION OF 51% OWNER-OCCUPANCY TO BE WITH EACH CASE BINDER.
None
Recorded/
Not Uploaded
No
5.10%
Approved
01/25/2007
03/31/2011
(expired)
THE VIRGINIAN CONDOMINIUMS
A002682 001
LOUISVILLE, KY 40207
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
12/30/1997
08/31/2011
(expired)
THE WOODS OF CRESCENT HILL
A006115 001
225-250 CRESCENT HILL PLACE
LOUISVILLE, KY 40206
HRAP
Phases I, II & III. Total 38 units.
None
Recorded/
Not Uploaded
No
5.26%
Approved
07/14/2010
07/14/2012
TIMBERWOOD II
A002546 001
LOUISVILLE, KY 40223
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
11/08/1989
05/31/2011
(expired)
Condo
Name
Condo ID /
Submission
Address
Approval
Method
Composition
of Project
Comments
Document
Status
Manufactured
Housing
FHA
Concentration
Status
Status
Date
Expiration
Date
TOWNE HOMES OF ROLLING FIELDS
A002665 001
LOUISVILLE, KY 40207
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
08/16/1996
08/31/2011
(expired)
TREIS CONDOMINIUMS
A002535 001
MURPHAY LANE
LOUISVILLE, KY 40245
HRAP
Ten buildings total 78 units.
None
Recorded/
Not Uploaded
No
37.17%
Approved
09/13/2011
09/13/2013
VICTORIA PLACE CONDOMINIUM
A002664 001
LOUISVILLE, KY 40203
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
07/10/1996
08/31/2011
(expired)
VILLA, (THE)
A002568 001
LOUISVILLE, KY 40241
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
03/15/1990
05/31/2011
(expired)
VILLAGE OF WHITE OAKS*
A002537 001
1101 POWERHOUSE
LOUISVILLE, KY 40242
HRAP
40 units, 4 buildings, 1 phase
*FULL NAME FOR PROJECT: VILLAGE OF WHITE OAKS CONDOMINIUM
None
Recorded/
Not Uploaded
No
17.50%
Approved
07/27/2011
07/27/2013
WATTERSON WOOD VILLAGE I
A002712 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
WATTERSON WOODS II
A002713 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
WESTPORT GARDENS CONDOMINUMS
A007861 001
HERR LANE
LOUISVILLE, KY 40222
HRAP
15 BUILDINGS, 161 UNITS
None
Recorded/
Not Uploaded
No
2.48%
Approved
04/15/2011
04/15/2013
WESTPORT RIDGE, PHASES 1-6
A002677 001
LOUISVILLE, KY 40245
HRAP
COPY OF RECORDED PLAT TO BE SUBMITTED.
None
Recorded/
Not Uploaded
No
n/a
Approved
08/22/1997
08/31/2011
(expired)
WETHERBY STATION CONDOMINIUMS
A002661 001
LOUISVILLE, KY 40222
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
02/27/1996
08/31/2011
(expired)
WHIPPS MILL WOODS
A002715 001
LOUISVILLE, KY 00000
HRAP
NO FILE ON HAND, GRANDFATHERED IN FROM VA, INFO ESTIMATED
None
Recorded/
Not Uploaded
No
n/a
Approved
03/01/1989
05/31/2011
(expired)
WILDWOOD CONDOMINIUM
A002716 001
7080 WILDWOOD CIRCLE
LOUISVILLE, KY 40291
HRAP
200 units, 9 buildings
None
Recorded/
Not Uploaded
No
42.00%
Approved
06/16/2011
06/16/2013
WILLOW RUN
A007594 001
127 DECLARATION DR
LOUISVILLE, KY 40214
DELRAP
40 townhome style units, 1 phase
None
Recorded/
Uploaded
No
2.50%
Approved
12/02/2010
12/02/2012
WILSHIRE
A002570 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
04/06/1990
05/31/2011
(expired)
WINCHESTER PLACE CONDOMINIUMS
A007860 001
651 BRECKENRIDGE LANE
LOUISVILLE, KY 40207
HRAP
7 buildings, 57 units
None
Recorded/
Not Uploaded
No
1.75%
Approved
04/14/2011
04/14/2013
WINDSOR GATE CONDOMINIUM
A002656 001
S HURTSBOURNE PKWY/SPRING LAKE FARM
LOUISVILLE, KY 40299
HRAP
300 Units/26 Buildings. Book 06583 0448.
Exists
Recorded/
Not Uploaded
No
0.66%
Approved
04/20/2011
04/20/2013
WINDSOR PLACE CONDOMINIUMS
A002680 001
LOUISVILLE, KY 40222
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
10/29/1997
08/31/2011
(expired)
WISTERIA LANDING
A002625 001
WISTERIA LANDING CIRCLE
LOUISVILLE, KY 40218
HRAP
128 units, 14 buildings, 4 phases
None
Recorded/
Not Uploaded
No
34.37%
Approved
07/12/2011
07/12/2013
WOODBOURNE
A002583 001
LOUISVILLE, KY 40205
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
05/15/1990
05/31/2011
(expired)
WOODMONT
A002572 001
LOUISVILLE, KY 40213
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
05/02/1990
05/31/2011
(expired)
WOODRIDGE LAKE PATIO HOMES
A002558 001
LOUISVILLE, KY 40272
HRAP
BUILDINGS 1-4, RECORDED PLATBOOK NO 94, PG 1601, BLDG 5 & 6, DB 81 18, BLDGS 7 AND 8 DB 08769PG0574 BLDG 13,14,15
None
Recorded/
Not Uploaded
No
18.42%
Approved
05/19/2003
09/30/2011
(nearing expiration)
WOODRIDGE LAKE TOWNHOMES
A002559 001
LOUISVILLE, KY 40272
HRAP
PHASE 1, RECORDED IN PLAT BOOK 97, PG 17 BLDGS 1, 2, 3, & 4
None
Recorded/
Not Uploaded
No
4.80%
Approved
05/28/2003
09/30/2011
(nearing expiration)
WOODS OF ST. ANDREWS
A002564 001
LOUISVILLE, KY 40214
HRAP
PHASE 1 BUILDING 1, 2 and 3 BUILDING 9 ADDED BLDG 4
None
Recorded/
Not Uploaded
No
10.83%
Approved
02/20/2004
09/30/2011
(nearing expiration)
WOODSPOINTE TOWNHOMES
A002533 001
LOUISVILLE, KY 40220
HRAP
 
None
Recorded/
Not Uploaded
No
n/a
Approved
09/25/1989
05/31/2011
(expired)
WORTHINGTON GLEN CONDOMINIUMS
A002684 001
KY-22 AND BROWNSBORO RD
LOUISVILLE, KY 40241
HRAP
286 Units. DB 08822 Pg 0539.
Exists
Recorded/
Not Uploaded
No
14.68%
Approved
04/11/2011
04/11/2013
Condo
Name
Condo ID /
Submission
Address
Approval
Method
Composition
of Project
Comments
Document
Status
Manufactured
Housing
FHA
Concentration
Status
Status
Date
Expiration
Date
WYNDEMERE
A002576 001
LOUISVILLE, KY 40245
HRAP
VILLAGE OF ENGLISH STATION BLDGS 3-10 DB8338, PG 199
None
Recorded/
Not Uploaded
No
14.08%
Approved
08/12/2004
09/30/2011
(nearing expiration)
YORKWOOD OF PLAINVIEW I
A002717 001
628 COBBLESTONE SQUARE
LOUISVILLE, KY 40223
HRAP
59 units, 12 buildings
None
Recorded/
Not Uploaded
No
49.15%
 Approved 04/12/2011 04/12/2013
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Posted in Condo FHA Approved Condo List Louisville Kentucky (Jefferson County), Condo FHA Approved Jefferson Co KY, Current Mortgage Rates in KY, HUD $100 Down Program, Jefferson County Foreclosures, Jefferson County Kentucky Foreclosures Information, Louisville First Time Buyer Mortgages, Louisville Kentucky, Louisville Ky First Time Home Buyer Loan, Louisville Mortgage : Louisville Mortgage loans, Townhomes approved FHA/VA Louisville | Tagged , , , , , , , , , , , , , , , , , , | 5 Comments

FHA/VA KHC USDA Kentucky Mortgage:

Posted on November 12, 2011 by

Waterfront Park Phase II

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Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: KENTUCKY USDA RURAL DEVELOPMENT LOANS ZERO DOWN

 
Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: KENTUCKY USDA RURAL DEVELOPMENT LOANS ZERO DOWN: ” KENTUCKY USDA RURAL DEVELOPMENT LOANS Kentucky USDA is a manually underwritten product that has to be delivered to the Local USDA branc…” 

 

   
 

KENTUCKY USDA RURAL DEVELOPMENT LOANS ZERO DOWN

 
 KENTUCKY USDA RURAL DEVELOPMENT LOANS
Kentucky USDA is a manually underwritten product that has to be delivered to the Local USDA branch to give the final UW approval and the Guarantee Commitment.
Borrowers household must meet income requirement *: http://www.rurdev.usda.gov/HSF-Guar_Income_Limits.html
*All household income, must be used to determine if they qualify for RD. (even if they are not on the loan)
Guidelines:
Score –  Middle FICO 620
Tradelines- 3 tradelines with 12 months reporting (2 if we have 12 months rent checks also)    VOR or Rent free letter on every file
Employment – 2 years of employment in same field (recent college graduate – transcripts w/ employment within the field studied)
Funding Fee – 3.5% (see worksheet to determine loan amount)
Loan Amount – 103.5% can be calculated using appraised value if higher.  Allowing all fees to be rolled into the loan amount. 
DTI – Standard USDA DTI’s are 29/41%
Debt ratio waiver to 50% with compensating factors. **
The USDA has a max payment shock of 100%.  
Seller paid closing cost - up to 6%
** Compensating factors would include reserves, down payment, 5 years on job, 24 months rent checks pd on time
CREDIT
BK’s- discharged 3 years (ch 7 or 13)             
Foreclosures- 5 years
Collections- UW judgment, $1500 or less in medical can be left open, all others paid
INELIGIBLE
Titles to be held in a Trust 
Non- Occupying Co-borrower
Leasholds
Escrow Holdbacks for repairs

fill-out my free pre-qualification  form by clicking here for USDA loans !

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