U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Kentucky > Lexington area
 [Register]
Lexington area Fayette County
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-25-2008, 05:34 PM
 
Location: Beautiful Kentucky
820 posts, read 2,642,148 times
Reputation: 557

Advertisements

Appreciate those thoughts Lexpert. Although I'm not looking to sell or buy, it's interesting knowing what's going on. As I said earlier, my neighbor has their's listed for more than I would imagine it would go for. It's in the 170,000s. There's a house down the street that's going to be auctioned. I don't know the details, but it's pretty unusual to see a house auctioned around here (in my neighborhood anyway). I would guess that house probably was on the market for 150-160,000 as it was a ranch and doesn't appear to have a lot of amenities. I'll be interested to see what it brings.
Reply With Quote Quick reply to this message

 
Old 03-30-2008, 06:00 PM
 
Location: KY
285 posts, read 822,064 times
Reputation: 66
Are home loans PITI? I'm looking for $100k home do you know in Lexington how much tax and insurance would be ballpark??
Reply With Quote Quick reply to this message
 
Old 03-30-2008, 08:35 PM
 
21 posts, read 59,340 times
Reputation: 21
we have a 165k loan at 30 years fixed with 5.85 (3 years old) and my house has had essentially zero appreciaion. Our house should be worth 176, but we have it listed at 173 and have not had any hits... but we really don't care if we sell or not.

But our loan payment is 1170 with tax and insurance...
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 04:05 PM
 
Location: Todds Rd. area
969 posts, read 2,497,716 times
Reputation: 290
For Shilo0854: PITI has alot of variables. If you have a cedit score of over 620, you ought to be able to get a good interest rate. Taxes vary around town depending on what services the city provides. Insurance will depend on your credit score, the deductible you choose, the age of the house, and what company you use. With all this as a disclaimer, here is my math: $600 (P & I) + 90 (T) + 50 (I)=$740. Bear in mind that you will also have what is called PMI. It is an insurance that protects the lender in the event you default. Some loans have "Lender paid PMI", but have a higher interest rate.

Call Kris Vanzant. He owns Frontier Mortgage. They do alot of Kentucky Housing Corporations loans. I used his company for my own mortgage! You may qualify for special financing. Here is his e-mail: krisvanzant@frontierlending.com. Even if you don't call him, I would still contact somebody to see what is the best loan product to suit your needs and situation.
Reply With Quote Quick reply to this message
 
Old 04-02-2008, 08:25 AM
 
Location: KY
285 posts, read 822,064 times
Reputation: 66
Thank you for the feedback. I have been noticing the tax varies in different parts of the Lexington. I will keep the info on Kris so before I start looking I can contact him. I will want to get pre-qualified before I come down to look at housing. Thx LEX (If you don't mind let me know your contact info and I will call you before I come down)

Barry your info is good to know also. I'm hoping this is the place to retire so I'm in the same thought pattern about selling. But as time goes by I'm sure things will improve.
Reply With Quote Quick reply to this message
 
Old 04-02-2008, 10:05 AM
 
Location: Lexington, Ky.
46 posts, read 238,107 times
Reputation: 41
Quote:
Originally Posted by shilo0854 View Post
Thank you for the feedback. I have been noticing the tax varies in different parts of the Lexington.
In Lexington, we have partial service tax districts, anywhere from general(lowest) in the rural area to full(highest) in the older built-up parts of town. You pay for the services that you receive.
Reply With Quote Quick reply to this message
 
Old 04-02-2008, 11:02 AM
 
Location: Todds Rd. area
969 posts, read 2,497,716 times
Reputation: 290
Here I am trying to do a link again! I kind of like this stuff! Below is the info on the different tax rates. Street cleaning, street lights, and garbage collection are the main differences.

Fayette County
Reply With Quote Quick reply to this message
 
Old 04-02-2008, 11:23 AM
 
Location: KY
285 posts, read 822,064 times
Reputation: 66
Love these kind of links. So it's only $180 difference from the lowest to highest tax rate.
Now all I need is a loan rate to calc my payments. thx
Reply With Quote Quick reply to this message
 
Old 04-02-2008, 12:07 PM
 
Location: Todds Rd. area
969 posts, read 2,497,716 times
Reputation: 290
[SIZE=4]
Here are today's rates from Frontier Mortgage. I get these sheets from a couple of mortgage companies everytime there is a rate change.



Kris Vanzant April 2, 2008
Mortgage Loan Consultant
[/SIZE][SIZE=5][CENTER]Daily Rates[/CENTER]
[/SIZE][SIZE=4]
[CENTER]Conventional 30-Year Fixed……*6.125%
Conventional 15-Year Fixed……*5.625%
Conventional 20-Year Fixed……*5.875%[/CENTER]
Conventional 40-Year Fixed……*6.500%
[CENTER]Conventional 30-Year Jumbo…..*7.375% [/CENTER]
[/SIZE][SIZE=2]
[CENTER]*All conforming fixed rates are based on a 30-day lock with zero points/zero origination
a loan amount of $125,000 or greater[/CENTER]
[/SIZE][SIZE=4]Conventional 3-Year ARM…….call
Conventional 5-Year ARM…….call
Conventional 7-Year ARM…….call
*** Interest Only ARM…… [/SIZE][SIZE=3]available upon request***[/SIZE]
[SIZE=2][CENTER]*All conforming ARM/Interest Only rates are based on a 30-day lock with zero points/zero origination
a loan amount of $125,000 or greater[/CENTER]
[/SIZE]
[SIZE=5][CENTER]Kentucky Housing Corporation[/CENTER]
[/SIZE][SIZE=4]
FHA,VA.............6.250% (Zero Point Program)
5.875% (Regular Rate Program
RHS, …..............6.375% (Zero Point Program)
6.000% (Regular Rate Program)
Conv 97%...........6.875% (Zero Point Program)
6.500% (Regular Rate Program)



[/SIZE]
Reply With Quote Quick reply to this message
 
Old 04-02-2008, 12:08 PM
 
Location: Todds Rd. area
969 posts, read 2,497,716 times
Reputation: 290
Ooooooops! Must have done something wrong when I cut and pasted. Hope everyone can still figure out what today's rates are.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Kentucky > Lexington area
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top