Part-time earnings may not count when seeking a mortgage

Part-time earnings may not count when seeking a mortgage.

via Part-time earnings may not count when seeking a mortgage.

What You Need To Know About A Mortgage… BEFORE You Get One!!!

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What You Need To Know About A Mortgage… BEFORE You Get One!!!.

via What You Need To Know About A Mortgage… BEFORE You Get One!!!.

In today’s market, VA home loans outrank all other financing options

In today’s market, VA home loans outrank all other financing options.

via In today’s market, VA home loans outrank all other financing options.

KENTUCKY MORTGAGE RATES

Kentucky Mortgage Rates


                                                            Open Today 9:00 am -7:00 pm

Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Kentucky Mortgage Rates

Louisville Ky Mortgage Lender FHA/VA KHC USDA Kentucky Mortgage: Kentucky Mortgage Rates:                                                                                                                             Open To…

Current Interest RatesFixed Rate ProgramsAdjustable Rate Programs ]

Rates as of February 22, 2013  11:03:55 AM    Old Date? Lock
days
Qualifying
Ratios
Program Rate Points APR
Conforming 30 year FRM 3.500 1.500 3.971 30 35 / 45
Kentucky Mortgage Loans Only- Rates Change
Conforming 20 year FRM 3.375 1.000 3.771 30 40 / 41
Kentucky Mortgage Loans Only- Rates Change
Conforming 15 year FRM 2.750 1.000 3.174 30 35 / 41
Kentucky Mortgage Loans Only- Rates Change
FHA/VA 30 year FRM 3.25 0.000 4.214 30 35 / 50
Kentucky Mortgage Loans Only- Rates Change
FHA 15 year FRM 3.000 0.000 3.989 30 35 / 50
Kentucky Mortgage Loans Only- Rates Change
Jumbo 30 year FRM 4.125 0.000 4.685 30 28 / 36
Kentucky Mortgage Loans Only- Rates Change
USDA/RHS  3.250 0.000 3.874 30 41 / 41
Kentucky Mortgage Loans Only- Rates Change

Adjustable Rate Programs

Rates as of February 22, 2013  11:03:55 AM    Old Date? Lock
days
Qualifying
Ratios
Program Rate Points APR Index Margin Caps
Conforming 30/5/1 ARM 2.875 2.000 5.214 LIBOR 1.930 2/1/5 30 28 / 41
Kentucky Mortgage Loans Only- Rates Change
Jumbo 30/5/1 ARM 4.000 2.000 5.789 T-Bill 1.960 5/1/10 30 28 / 41
Kentucky Mortgage Loans Only- Rates Change
Jumbo 30/7/1 ARM 4.375 0.000 5.124 CMT 1.930 5/1/10 30 28 / 36
Kentucky Mortgage Loans Only- Rates Change
Jumbo 30/10/1 ARM 4.250 2.000 5.411 CMT 1.930 5/1/10 30 28 / 36
Kentucky Mortgage Loans Only- Rates Change

Please note assumptions below :

Kentucky Mortgage  Rates are subject to qualifying criteria and Mortgage Rates can change without notice.
Assumptions include a 640 or higher credit score for FHA, USDA, KHC,  and 620 credit scores for a VA loan. A loan amount of $100,000.00 is assumed and a 30 day lock required for a Kentucky Mortgage Only.

A 720 credit score or higher is assumed for a Kentucky Conventional Rate Mortgage loan rates and a loan amount of $100,000.00. The loan to value for Kentucky Conventional loans are assumed at 80% ltv or less.

  • The displayed Annual Percentage Rates (APRs) reflect the interest rates, total points, and additional estimated pre-paid finance charges for the loan products shown for Kentucky Mortgage Rates, but do not include other closing costs.
  • The approximate cost of prepaid finance charges does not constitute and is not a substitute for the Good Faith Estimate of Closing Costs (GFE) that you will receive once you apply for a Kentucky Mortgage  loan. This is not a Kentucky mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs.
  • For loans with less than 20% down payment borrower-paid mortgage insurance may apply.
  • These Kentucky  mortgage rates are based on a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan’s interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing.
  • FHA

    • Kentucky FHA loans require both an upfront and an annual mortgage insurance premium. The premium varies based on the loan characteristics, your credit score, whether you’ve received loan counseling, and other factors. All Kentucky FHA loans require a minimum credit score of 640
  • Jumbo

    • Kentucky Jumbo Mortgage  rates are higher for borrowers who do not meet the criteria for Conventional Mortgage Loans. All Jumbo loans require a 680 or higher score and a maximum loan to value of 80%
  •   VA Loans
                Kentucky VA loans require a funding fee upfront paid to VA in the form of mortgage insurance .he premium varies based on the loan characteristics, your credit score, whether you’ve received loan counseling   factors. Kentucky VA loans require a minimum credit score of 620
  • USDA Loans
                         Kentucky  USDA loans require a funding fee upfront and a monthly mortgage insurance premium paid to RHS/USDA. The premium varies based on the loan characteristics, your credit score,    and other factors. Kentucky USDA loans require a 640 minimum credit score.

Free Credit Report and Pre qualifications available anytime. 

.  Joel Lobb (NMLS#57916) is a licensed mortgage loan officer in the state of Kentucky.

This website is not an Government Agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. 


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

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

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