Tuesday, November 10, 2015

100% Financing on a Kentucky VA loan Cash Out Refinance Guidelines.

Who is eligible for Kentucky VA loans?

Kentucky VA loans are available to veterans of the United States Armed Forces, including those who are on active duty or reserve, as well as widows or widowers of veterans. There are also special circumstances under which spouses of veterans can also apply for eligibility.
Keep in mind, you’ll need to provide a Certificate of Eligibility (COE) in order to prove you are entitled to receive VA financing. Visit the U.S. Department of Veteran Affairs website to learn how to obtain a COE. Your lender can also help you obtain a COE based on your unique circumstances.

What benefits do Kentucky VA Loans offer veterans?

Kentucky VA loan program comes with special advantages other mortgage loan products don’t have. Here are just a few benefits of Kentucky  VA loans:
  • Flexible qualifying and credit requirements
  • Lower interest rates
  • Zero down payment
  • No private monthly mortgage insurance (PMI)
  • Property tax exemptions
There are even grants that allow disabled veterans to make modifications to their home. Another important benefit to point out includes the ability to finance a substantial portion of the closing costs associated with purchasing a home.

 In order to get you pre-approved, I will need the following items from you. This is a free process and I will give you a copy of your credit report for free. 

VA Loan Checklist
The following is a list of documents that may be required to process your VA mortgage loan:
  • One full month’s worth of pay stubs
  • Last 2 years W-2′s
  •  Last 2 years tax returns 
  • Copy of your DD214
  • Your  VA Certificate of Eligibility (we can help you get this if needed)
  • Last two months bank statements for all accounts

I don't need originals, copies are fine. You can fax or email me the above documents.

Let me know your questions. 

Thanks and look forward to helping you

 VA Home Purchase Benefits

  • Option for no down payment, zero down home loan
  • Current 30 year fixed rate of 3.75%
  • No monthly mortgage insurance premium
  • Seller or lender may contribute to veteran’s closing costs
  • Termite report required on all VA loans
  • No closing costs option available
  • Close in as little as 30 days
  • Free Mortgage Approvals