The Mortgage Bankers Association of Louisville is a local chapter of the Mortgage Bankers Association, the national association representing the real estate finance industry. This would include, Auto loans, credit cards, student loans, personal loans, mortgage broker Louisville child support, alimony….basically any consistent outgoing debt that you're paying on. Again, if you're paying less than 45% of your gross monthly income to all of the debts, plus your proposed housing payment, then……generally, you're safe.
Small changes in your score can be important if you're looking to obtain a certain FICO score level or if you are striving to reach a certain lender's FICO score "cutoff" (the point above which a lender would accept a new application for credit, but below which, the credit application would be denied).



Income is one of the most important variables a lender will examine because it is used to repay the loan. I owe my successes to a service model based on the Benchmark Core Values We pride ourselves on providing personal service, competitive rates, and efficient loan processing.
It's also the fastest-growing company among the state's top VA lenders, having increased its loan volume by an astonishing 28% from 2013 to 2018. If you're looking for any type mortgage or loan in Prospect, browse through our list of all lenders below. FHA Loan: Rate is fixed.

Each of our professionals have extensive experience and knowledge in all aspects of real estate financing, including mortgage refinance and current mortgage rates. Whether you're in Central, Eastern or Western Kentucky; whether you're looking for an FHA, VA, KHC or conventional loan, we're the source for your local mortgage loan solution.
If you have access to 3.5% down payment, you can go FHA and secure a 30 year fixed rate mortgage with some lenders with a 580 credit score. First Commonwealth Mortgage is licensed as a Residential Mortgage Broker and as such, will not make any mortgage loan commitments or fund any mortgage loans; First Commonwealth Mortgage arranges all loans with third-party providers.
Ben Foos is a mortgage broker in Louisville, Kentucky. Obviously, taking out a smaller loan means a smaller monthly mortgage payment. David Alan Luttrell is a mortgage broker in Prospect, KY. David Alan Luttrell works at Evansville Teachers Federal Credit Union, a mortgage lender which is based at 10604 Meeting Street in the 40059 zip code.