Thursday, August 29, 2013

ROTC leadership school moving to Fort Knox - wave3.com-Louisville News, Weather & Sports

ROTC leadership school moving to Fort Knox - wave3.com-Louisville News, Weather & Sports

Required Mortgage Documents for a Kentucky VA Home Loan Mortgage New Construction

Kentucky VA Home Loan Mortgage New Construction



The following documentation is required on all new construction that is (existing
  • HUD Form 92544/VA Form 26-1859, Warranty of Completion of Construction or 10 Year Warranty from an approved HUD warranty provider.
  • HUD Form 92541, Builder’s Certification of Plans, Specs & Site or Cabo Certification from the Builder
  • HUD Form NPCA-99a, Subterranean Termite Treatment Builder’s Certification.
  • HUD Form NPCA-99b, Soil Treatment Guarantee.
  • If subject property has a private well or septic system, Approval and Permits from the state or local health department are required.
  • If any portion of the subject property is located within a FEMA Flood Zone, the property is not eligible for financing unlessone of the following requirements are met:
  • A Letter of Map Amendment (LOMA) or a Letter of Map Revision (LOMR) must be obtained to show proof that the subject property has been removed from the FEMA Flood Zone.
  • A FEMA National Flood Insurance Program Elevation Certificate documenting that the lowest floor (including any basement) is at, or above the 100 year flood elevation in compliance with the National Flood Insurance Program.
  • In addition to the above documentation, proposed and under construction also requires additional documentation found in the VA Lender’s Handbook, Chapter 7.
  • VA Form 26-1852, Description of Materials (or a form which substantially conforms) signed by builder and veteran.
  • Plot Plan including location of well/septic systems if applicable.
  • All Exterior Building Elevations(front, rear, sides)
  • Foundation or Basement Plans
  • Plan of all Floors
  • Wall Section
  • One of the following requirements must also be met if the appraisal is completed prior to substantial completion of construction:
    • Building Permit & Certificate of Occupancy from local building authority.
    • 10 Year Warranty from an approved HUD warranty provider and 1 year VA builder's warranty.
    • Or property must be inspected during construction by a VA or HUD approved inspector:
  • An Initial Inspection is required when either excavation is complete and is ready for footings and foundations (in areas when it is advisable to have bearing soil inspected prior to construction) or when foundation walls are complete and ready for backfill (in areas where soil conditions are uniform and free from faults likely to cause foundation problems).
  • A Framing Inspection required when the building is enclosed with framing, plumbing, heating, electrical, and insulation is complete and visible.
  • And a Third and Final Inspection when the property is completed and ready for occupancy..


Elizabethtown KY Real Estate: Buying A House On Cash Or Through Bank Financing: ...

Elizabethtown KY Real Estate: Buying A House On Cash Or Through Bank Financing: ...: Now that the real estate market is back in full swing, there is now a growing market for first time home buyers who want to take a bite a...

Apply for a home loan by clicking the link below:It's free and takes less than 5 minutesOr call us at 502-905-3708 for your free application over the phone

Wednesday, August 28, 2013

Can you have 2 Multiple Kentucky VA Mortgage Loans?

MULTIPLE KENTUCKY  VA LOANS

The VA does not limit the number of Kentucky VA guaranteed loans a veteran may have, however the VA does limit the amount of guarantee a veteran is entitled to. The veteran must have sufficient guarantee or combination of guarantee and equity in the subject property to equal a minimum of 25% of the value of the property.



As a US Army Veteran, I understand the benefits first hand from a VA Home Loan. I have used my VA eligibility to purchase two homes in the past and have since streamline refinanced to a lower rate. I hope you find this website informative and helpful in your search for a VA Home loan. I am a licensed Mortgage loan officer in the State of Kentucky. I offer same day free pre- approvals and credit reports on Kentucky VA Home loans, anywhere in the Commonwealth. I have closed over 200 VA loans in my 13 year mortgage career Put my VA Home loan experience to work for you. Refinance, Purchase, Call anytime, 502-905-3708, or email at me at kentuckyloan@gmail with your questions. NMLS# 57916




Monday, August 26, 2013

Sunday, August 25, 2013

Sunday, August 18, 2013

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Louisville Kentucky FHA Loan Streamline Refinance

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Louisville Kentucky FHA Loan Streamline Refinance: FHA Loan Streamline Refinance Program Is Helping USA Homeowners to Refinance Mortgage with Lower Mortgage Payments (via SBWire ) Market ...

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