 Foreclosures requirements for Kentucky FHA Mortgages 2012Thursday, January 5, 2012 - Article by: Key Financial Mortgage of Kentucky -
Foreclosures requirements for Kentucky FHA Mortgages 2012 Foreclosures
three years is ineligible for Kentucky FHA Mortgage financing.. Chapter 7 Bankruptcies o A borrower with a Chapter 7 Bankruptcy discharged less than two years prior to loan application is ineligible for Kentucky FHA Mortgage Financing.
o Document all required payments have been made on time o If borrower is still in repayment, obtain court permission to enter into the new mortgage o Include Chapter 13 payment in the debt ratio if the BK is not paid in full |
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