Lexington is a city in Kentucky. It's known for horse farms and thoroughbred racetracks like Keeneland. The Kentucky Horse Park features the International Museum of the Horse, the Hall of Champions and many equine breeds. Ashland, the estate of 1800s politician Henry Clay, includes a mansion and formal garden. Clay is buried at the Lexington Cemetery, which has an arboretum, lakes and a Romanesque gatehouse.
As the Horse Capital of the World, Lexington is a major draw for equestrians. The low cost of living and moderate climate appeals to retirees, and the local schools attract families with children. While most residents are not college students, Lexington is a college town.
"Combined with a diverse job market and a stable economy, this makes Lexington an ideal place for young professionals, families and retirees," the review said. U.S. News is known for its influential hospital and college rankings. However, the rankings often have some critics. The region is famed for its horse breeding, and Lexington claims the title of "horse capital of the world." The horse paddocks enclosed by white fences are common sights. Besides the many equestrian-related things to do, Lexington is filled with numerous historical, natural, and cultural attractions to explore.
Kentucky Real Estate Sales Volume Doubles Over the Past 5 Years. Sales volume broke records once again in 2021 totaling $14.3 billion. This is almost 16% over the 2020 year-to-date volume of $12.4 billion. This figure has essentially doubled over the past 5 years having reached $7.9 billion in 2016. Based on the most recent reports from Lexington Fayette Realtors, the answer is a resounding "Yes!" with tight inventory keeping housing prices high in the state high. It's true that Lexington Fayette has one of the hottest real estate markets in the country, and for good reason. We are serving most of the Lexington-Fayette zipcodes including 40361, 40502, 40503, 40504, 40505, 40506, 40507, 40508, 40509, 40510, 40511, 40513, 40514, 40515, 40516, 40517.
Get approved to refinance. See expert-recommended refinance options and customize them to fit your budget.
All loans are not created equal, personal loan has become a great option for people to use.
There are certain requirements borrowers must meet to qualify for an FHA loan (may differ case to case and lender to lender basis), including:
• The home you consider must be appraised by an FHA-approved appraiser.
• You must occupy the property within 60 days of closing.
• You can only get a new FHA loan if the home you consider will be your primary residence, which means that it can't be an investment property or second home.
• An inspection must occur, and the inspection must report whether the property meets minimum property standards.
• The type of credit you have (whether you have credit cards, loans, etc.)
• Credit utilization, which is simply how much credit you use
• Whether you pay your bills on time
• The amount you owe on your credit cards
• How much new and recent credit you've taken on
• According to the Department of Housing and Urban Development, the maximum FHA lending amount for high-cost areas (such as large metropolitan areas) is up to $970,800 for 2022.
• The policies of lenders regarding Alaska and Hawaii do differ in terms of loan limits.
• In lower-cost areas, the FHA limit can dip as low as $420,680.
• Loan limits are set based on county property values.
• These are the limits for one-unit properties. If you have multiple units, limits may be higher.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
Yes, you can pay off your FHA loan without a penalty for early pay off. HUD explains that a borrower may pre-pay an FHA mortgage in whole or in part and that the mortgage lender can't charge a penalty if you decide to do this.
A refinance occurs when the terms of an existing loan, such as interest rates, payment schedules, or other terms, are revised. Borrowers tend to refinance when interest rates fall. Refinancing involves the re-evaluation of a person or business's credit and repayment status.
We offer Refinance loan programs for those who want to leverage their existing real estate investment portfolio's equity to acquire additional assets in order to generate more recurring monthly cash flows without the hassle of providing income documentation that traditional mortgages may require. These loan options are for Professional Investors as well as First Time Investors that are looking to explore opportunities in real estate investment.
If you apply before you are ready, you risk loan approval. How? Borrowers should be prepared to come to the home loan process with no fewer than 12 consecutive months of on-time payments on all financial obligations.
We are conveniently located in Tampa, Lexington Fayette with offering our loan services nationwide