Friday, November 21, 2014

Kentucky VA Streamline Refinance Guidelines

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Kentucky VA Interest Rate Reduction Refinance Loan (IRRRL)

Kentucky Veterans can take advantage of today’s historically low interest rates and may lower their mortgage payments with the VA IRRRL.
  • No appraisal required
  • close within 21 days usually
  • No income docs like paystubs, tax returns, bank statements
  • 620 min score with our mortgage investors. Some lenders will go lower though.
  • Streamlined underwriting
  • Simple and fast closing with no income verification in most cases
  • No out-of-pocket costs required in most cases
  • No need to obtain new Certificate of Eligibility, unless needed to confirm eligibility

Friday, November 14, 2014

Louisville Ky Mortgage Lender FHA VA KHC USDA Rural Housing Fannie Mae...

Kentucky VA Mortgage Benefits for 2014

 Kentucky VA Mortgage Benefits for 2014

1.     100% Financing down to a 600 credit score.
2.     100% cash out refinance are okay with a 620 score
3.   Can go down to 600 score on 100% Purchases 
4.   2 years removed from bankruptcy and foreclosure required
5.   No monthly mortgage insurance
6.   Seller can pay all closing costs
7.   Close in as little as 30 days 
8.   Loan amounts available up to $417,000
9.   Easy to qualify usually same day 
10. Loan is assumable



KENTUCKY VETERAN ELIGIBILITY REQUIREMENTS BELOW:

Active Duty or Veterans who have been discharged/separated any condition (other than dishonorable) and have
served during the required time periods.
Certificate of Eligibility (acceptable entitlement required)

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Joel Lobb
Senior  Loan Officer
(NMLS#57916)

American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223

 phone: (502) 905-3708
 Fax:     (502) 327-9119

 Company ID #1364 | MB73346
 CONFIDENTI

Friday, February 21, 2014

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Kentucky FHA Annual Mortgage Insurance for 2014

Louisville VA, FHA, USDA, KHC , Fannie Mae Mortgage Guide: Kentucky FHA Annual Mortgage Insurance for 2014: Kentucky FHA Annual Mortgage Insurance Most Recent Chart available.  This is effective for case numbers assigned on or after April 1, 2013 ...

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

Thursday, February 20, 2014

Kentuucky VA Home Loan Program: IRRL/Streamlined Refinace Guidelines


 If you've got your VA Home Loan COE and are considering purchasing a home, you'll want to check this out: 

http://www.armytimes.com/article/20140217/VALOANS/302170022/How-Choose-Best-VA-Lender

As always, you can find official VA Home Loan information and eligibility here: 

http://benefits.va.gov/HOMELOANS/index.asp






-- 
Joel Lobb (NMLS#57916)
Senior  Loan Officer
American Mortgage Solutions, Inc.
 800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
(: (502) 905-3708 | 7 Fax: (502) 327-9119|
 Company ID #1364 | MB73346

 

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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