Kentucky USDA Mortgage Lender for Rural Housing Loans
I now offer the USDA Streamline Product: ‘Streamline Assist’ for all USDA Kentucky Homeowners for refinances Take advantage of our Kentucky Rural Development USDA Streamline Refinance today!
PROGRAM HIGHLIGHTS - Min 640 FICO
- No appraisal
- 30 year fixed only
- Rate term only
- No GUS run
- No household income calculation
- Mortgage only credit report
- 2nd mortgage liens must be subordinated, but no max CLTV
- Borrowers may be added but not removed from current loan
- Max loan amount may include P&I balance of existing loan, eligible loan
closing costs, funds necessary to establish tax and insurance escrow account
and upfront guarantee fee - NTB must be met – $50 reduction in PITI plus annual fee payment
- Seasoning required – 12 months timely payments prior to new application
date - Streamlined application:
* No income
* Disclose assets only if needed to close
* No liabilities listed other than mortgage to be refinanced
* REO –…
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KENTUCKY VA MORTGAGE LENDER 