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