If you’re a first time home buyer in Kentucky, you’re making a big decision that will have a profound effect on your financial future. We understand. This kind of decision isn’t easy. Our goal is to provide you the information you need to select the best loan for your home.
Information and research are crucial to successfully navigating the home purchase process. We decided the best way to communicate this information was through a first time home buyer checklist. Click the link to check it out, or keep reading to see what we believe are the five most important steps in the mortgage process.
Follow these steps to complete your mortgage application successfully. Make sure you do the right research, though. Use the mortgage calculator included here to calculate your monthly mortgage expenses.
The Kentucky FHA loan is a type of loan that helps homebuyers in Kentucky purchase homes. These loans are set apart due to their favorable terms and the benefits they offer to first time home buyers. They are backed and insured by the Federal Housing Administration.
The advantages of the FHA program include a low down payment requirement, low interest rates, low credit score requirements, and more. Find out if your loan falls within the Kentucky FHA loan limits. You can visit the Kentucky page of the FHA website for more information.
Kentucky is known for horses. It is one of the major horse competition areas of the world. It is also the only state bordered on three sides by rivers.
Kentucky has the most miles of navigable waterways outside of Alaska. It boasts a homeownership rate of 70.8% and the median home price of $86,700, making it a good place for first time home buyers to purchase homes.
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