Monday, January 27, 2014

Kentucky VA Mortgage loans for Active Duty Military at Fort Knox Ky and Fort Campbell KY





  • Kentucky VA Mortgage loans  for Active Duty Military at Fort Knox Ky and Fort Campbell KY


  • Borrower must provide LES no more than 120 days old at time of closing
  • If borrower is within 12 months of separation from military service:
    • Evidence service member has reenlisted, or has extended his/her period of active duty, to a date greater than 12 months from the date of closing.
    • Verification of a valid offer of local civilian employment following release from active duty at the same, or greater, rate of compensation.
    • Statement from service member that he/she intends to reenlist, or extend his/her period of active duty, to a date greater than 12 months plus a statement from the service members commanding officer confirming eligibility to reenlist or extend period of active duty as indicated and that the commanding officer has no reason to believe that such reenlistment, or extension of active duty, will not be granted.
  • Analysis of Military Pay:
    • Military Quarters Allowance and any additional variable housing allowance may be included.
    • Subsistence Allowance may be included.
    • Clothing Allowance may be included. Clothing Allowance is an annual amount and must be converted to monthly.
    • Other Military Allowances such as Propay, flight, hazard, overseas, and combat pay are not typically allowed to be included.



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