Author: Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans

Thank you for visiting. I hope you find this website both informative and empowering as you explore your mortgage options. My goal is to help you feel confident in selecting the right home loan for your unique situation. I proudly serve all 120 counties in Kentucky, offering a full range of mortgage loan programs, including: FHA Loans VA Loans USDA Rural Housing Loans Fannie Mae Conventional Loans KHC Down Payment Assistance Programs With over 20 years of lending experience, I’ve had the privilege of helping more than 1,300 Kentucky families achieve their homeownership goals. Whether you're a first-time homebuyer or seeking a second opinion, I’m here to offer honest, no-pressure advice—always free of charge. I am dedicated to: Attending as many closings as possible Providing responsive, personalized service Ensuring quick, efficient, and accurate loan processing Making myself accessible every step of the way I've been consistently recognized as a top mortgage loan officer in Kentucky for VA, FHA, USDA, and KHC programs. I take pride in being thorough, transparent, and attentive with each and every client. Please take a moment to read my reviews below. If you have questions or need guidance, feel free to call or text me directly. Call/text at 502-905-3708. Free Mortgage Pre-Qualifications same day on most applications. Email me at kentuckyloan@gmail.com with your questions I specialize in Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer, we offer Kentucky Housing or KHC loans with down payment assistance. This website is not an government agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. NMLS# 57916 http://www.nmlsconsumeraccess.org/ Joel Lobb Senior Loan Officer/p> call/text phone: (502) 905-3708 kentuckyloan@gmail.com Company ID #1738461 EQUAL HOUSING LENDER http://www.mylouisvillekentuckymortgage.com/

Myths with Credit Bureaus

Kerry Vasquez on Oregon Home Loans

Credit being such a vital part of our daily lives, it is important that we as informed as possible on this subject. Here are some thoughts on that all important subjectcredit.

Myth No. 1 – It is easy to dispute a credit report. Consumer’s can resolve their own issues.

To be honest, it IS simple to challenge a credit report. However, as an everyday person, it is amazingly difficult and frustrating to get results from the credit bureaus. Here’s why…

Here is a little known fact. More complaints to the FTC involve credit bureaus than any other type of company. The 3 bureaus have paid fines of over 2.5 million over the years due to failure to respond properly to charges.

It would seem, the main objective of the credit bureaus is to protect their…

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VA to Decrease Funding Fee

In case you didn’t know, the US Department of Veteran’s Affairs (VA) is going to reduce the funding fee on VA loans from 2.15% to 1.4%. This will greatly reduce the upfront costs to veterans considering using VA to purchase their next home. If you are a veteran, active duty, reservist, or surviving spouse now is a great time to take advantage of the reduced costs. We are an approved VA lender and have the necessary experience to guide you through the VA process.

Some advantages of using your VA entitlement are no down payment, no mortgage insurance, and the VA funding fee may be financed into the loan. This is an awesome program for awesome people!

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In case you didn’t know, the US Department of Veteran’s Affairs (VA) is going to reduce the funding fee on VA loans from 2.15% to 1.4%. This will greatly reduce the upfront costs to veterans considering using VA to purchase their next home. If you are a veteran, active duty, reservist, or surviving spouse now is a great time to take advantage of the reduced costs. We are an approved VA lender and have the necessary experience to guide you through the VA process.

Some advantages of using your VA entitlement are no down payment, no mortgage insurance, and the VA funding fee may be financed into the loan. This is an awesome program for awesome people!

What is a VA loan? (ambercapone.wordpress.com)

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What is a VA loan?

Today, with lending standards tightening up, VA loans are making a comeback! Here are some quick facts regarding a VA loan:

A VA loan is designed for veterans and active duty military personnel.
VA loans are federally guaranteed and require NO DOWN PAYMENT!
You can obtain a VA loan through private lenders such as banks, savings & loans, and mortgage companies.
VA offers competitive rates… sometimes the lowest around!
You may purchase any kind of residential property with your VA loan… but, it MUST be your primary residence at the time of purchase and for two years thereafter. You can choose to keep the property for rental purposes if you occupy the property for two consecutive years prior.
Generally speaking, the maximum amount you can borrow for a VA loan is $484,500. There are some “high cost” areas with higher loan limits. Contact a VA rep or your lender for more information.
There is NO PMI (Private Mortgage Insurance) on a VA loan!!! EVER!
There is a cost for using your VA loan. It’s called the VA Funding Fee. The first time you use your VA, the fee is 2.15% of the agreed purchase price, thereafter the fee increases to 3.3%. However, you can decrease the fee after your initial use by putting a down payment on the loan.
There are some individuals who are exempt from paying the VA funding fee. These include any vet receiving compensation for service-related medical issues, and surviving spouses of those who died in service or due to service-related disabilities.
Your VA funding fee CAN be added to your loan balance and factored into your monthly payment. In other words, if you qualify for the entire amount (cost of home + funding fee), you can finance the funding fee.
Allowable closing costs and fees are tightly structured in a VA loan in order to benefit and protect the vet.
It is possible to receive up to 4% in “seller concessions” (money back at closing from the seller) to use for things such as closing costs, payment of funding fee, paying points on the loan to lower the interest rate, etc.
Your lender cannot charge a penalty for early payment of the loan balance.

Have you ever been completely and utterly confused by the various types of financing in a real estate transaction? YES. It can be overwhelming! Here is info on one of the “comeback kids” in the mortgage market… the VA Loan!

During the height of the market, many buyers and sellers neglected the VA loan in large part because of the competitive nature of market at that time. Because we were in a seller’s market then, sellers dictated the types of financing that they would accept… VA was last on the list many times. This was because sellers did not want to pay the sometimes higher costs associated with the loans. Also, VA appraisers are known to be very particular.