Step-by-Step Kentucky First-Time Home Buyer Approval Process
Review your mortgage credit scores, not just consumer credit app scores.
Confirm income type, employment history, pay structure, and document requirements.
Determine whether FHA, VA, USDA, conventional, KHC, KHC DAP, or SmartBuy fits best.
Check property eligibility if using USDA, manufactured housing, FHA, VA, KHC, or SmartBuy.
Calculate estimated monthly payment, cash to close, seller concessions, and DPA options.
Issue a strong pre-approval letter before shopping.
Make an offer with the right financing terms and seller-paid closing cost strategy.
Order appraisal, clear underwriting conditions, and prepare for closing.
