About Woodford County, KY

Saw this online this morning and wanted to share it! More good news for first time home buyers but a short timeline to "git er done"!

============================
KENTUCKY HOUSING CORPORATION (KHC) HAS SET ASIDE $5 MILLION FOR THIS PROGRAM FOR NEW RESERVATIONS THROUGH NOVEMBER 30, 2009


First Home ADVANTAGE

LOAN AMOUNT
Up to $4,500 In $100 increments. Defer payment untilJuly 1, 2010.


WHAT IS IT?
Second mortgage with P&I payments deferred until July 1,
2010.

ELIGIBLE USES
Down payment and closing costs related to a home purchase.

BORROWER ELIGIBILITY
Must obtain a KHC first mortgage through an approved KHC lender and be a first-time home buyer.

INCOME AND PURCHASE PRICE LIMITS
Must meet KHC income and purchase price guidelines.

TERM AND RATE
After the initial deferral period, the loan will fully amortize over ten years, starting July 1, 2010, at the current first mortgage interest rate not to go below 6 percent.

UNDERWRITING GUIDELINES
Borrowers must have a 620 minimum credit score. Follow agency and KHC guidelines when applying for a second mortgage loan as down payment assistance. Must include the second mortgage loan obligation in the calculation of the borrower’s total housing expense, even though the payment is deferred until July 1, 2010.

DISCLOSURE
Borrower will receive a disclosure detailing information on the terms of the loan, the tax credit, and the option to repay KHC through the federal tax credit.

CLOSING DOCUMENTS
KHC will provide the note and mortgage for the second mortgage in the closing documents set with the first mortgage documents.

APPLICATION FEE
$50 KHC second mortgage fee charged at closing.

FEES
Processing fee to lender for second mortgage: $50.
For more information, contact
Kentucky Housing Corporation’s Homeownership Department toll-free in
Kentucky at (800) 633-8896 or (502) 564-7630, extension 291, or TTY 711.

HURRY! FIRST HOME ADVANTAGE PROGRAM ENDS ON NOVEMBER 30
====================

I hope it helps a few home buyers and stimulates the market like it was intended!



-

Midway Fall Festival in Midway Kentucky is the place to be in September.

This historic town hosts this event in the heart of the downtown Midway KY.

As you can see from this picture there is a train track that runs right down the middle of Main Street. The train from RJ Corman made it's apearance for my picture last year. In Midway KY everyone stops what they are doing to point and to see!

At the Midway Fall Festival there will be vendors seling jewelry, crafts, pottery, antiques and more. Be sure to bring your checkbook or cash. I made that mistake last year when I was only carrying my Visa card. Most vendors don't take plastic.

I can't believe a whole year has passed since I attended the fabulous Midway Fall Festival. This picture is of an artist that sculpts beautiful historic figures in sand.

SEPT. 19 & 20, 2009

SAT. 10 -6 SUN. 12 - 5

*ARTS & CRAFTS

*FABULOUS FOOD

*CHILDREN'S ACTIVITIES

*FARMERS MARKET

*MUSIC & ENTERTAINMENT

If you haven't visited Midway KY this will be a great time to bring the family and enjoy the day.

For more information on what fun Midway KY can be check out:

Lizette Is Back In Midway, Kentucky On A Mission

Midway, Kentucky is a Tourist's Secret! Shhhhhhhh!

Lizette Fitzpatrick- Principal Broker at Lizette Realty.

#1 featured Kentucky Realtor on Activerain.com and Localism.com.

Publisher/Author for the only Central Kentucky email newsletter on local real estate listings and sold properties, Kentucky relocation, local events, homeowner information and fun!

For more information on Kentucky Horse Farms, Woodford County real estate

click on Lizette.us.

See for yourself what Lizette's extraordinary clients have to say about their Kentucky Real Estate experience. Copyright © 2009 By Lizette Fitzpatrick, All Rights Reserved *Midway Fall Festival in Midway Kentucky*

BALLINSWOOD FARM - The most outstanding soils in Central Kentucky compose this Brentsville Road farm. It truly is a superbly laid out property with everything needed for a Broodmare and Yearling operation. Three homes are on the farm, along with three barns (51 stalls), six horse exercisers, city or well water, a 96'x54' equipment shed, hay storage and work-shop, mature tree-lined asphalt drives, et cetera. The farm also adjoins Darley. Much more can be seen with a private viewing; call today.

A Bluegrass Trophy Property

Woodford County KY - Kentucky Horse Farms - Versailles - Midway - Horse Farm For Sale

One of the most beautiful areas in Central Kentucky is Woodford County. If your heart is set on finding a Kentucky horse farm for sale,you need to take a look into farms located in Versailles or Midway KY.

Nestled in the Bluegrass are legendary horse farms that have stone walls, plank fences, creeks full of limestone and miles of lush fields. This area is a center for horse breeding of Thoroughbred, Standardbred and Saddlebred horses.

Midway was founded in 1835 as Kentucky's first railway town and nearby at the Black Horse Inn the mother of Jesse James was born. Many homes and businesses are listed on the National Register of Historic Places.

Versailles was founded in 1792. Famous in many ways, movies, Dreamer and Elizabethtown were filmed here. Also, this is where actor, William Shatner owns a Saddlebred farm.

It's exciting to drive through these areas and tour Kentucky horse farms for sale. Pristine and extravagant there is something for everyone. Come let us help you with that dream of a farm in Woodford County KY!

To search for farms for sale in Versailles

To Search for farms for sale in Midway

REQUEST A KENTUCKY RELOCATION PACKET!

Finding a new Kentucky home has never been so easy!

Just click on the link below.

Homes in Versailles

Homes in Midway

Lizette Fitzpatrick- Principal Broker at Lizette Realty.

For more information on Kentucky Horse Farms, Woodford County, Versailles and Midway KY real estate

click on Lizette.us.

Photography by Gene Burch at http://www.geneburch.com/

Copyright © 2009 By Lizette Fitzpatrick, All Rights Reserved -

Woodford County KY - Kentucky Horse Farms - Versailles - Midway - Horse Farms For Sale

We finished our Auto Pull of the Virtual Tours on LBAR. Now when our listings are entered thru the Mls and the tour code put in, it will show in a prominent place on our web site. It has been my goal for a long time to have a company with a complete commitment to what the consumer is looking for as far as visual presentation of Real Estate. Our videos will be up within the week and the interest in the site by word of mouth only is very encouraging.

BlueGrass Trophy Properties