tag:blogger.com,1999:blog-13245821430112393912024-03-17T20:00:14.682-07:00Louisville Kentucky VA Home Loan Mortgage LenderKentucky VA Home Loans offered by a Kentucky Veteran. I have successfully originated over 100 VA Kentucky Mortgages for fellow Kentucky Veterans and active duty personnel.$0 Down Home loans in KY. Free Credit Report and free pre-approvals. I can be reached by text or call at 502-905-3708, or kentuckyloan@gmail.com Not affiliated with VA Government Agency. NMLS #57916 Company NMLS #1364 Former Army Tanker 19kJoel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comBlogger310125tag:blogger.com,1999:blog-1324582143011239391.post-72672133478232027102024-03-09T07:29:00.000-08:002024-03-09T07:29:17.169-08:00Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Joel Lobb: A Guide for First-Time Home Buyers in K...<a href="https://www.mylouisvillekentuckymortgage.com/2024/03/joel-lobb-guide-for-first-time-home.html?spref=bl">Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Joel Lobb: A Guide for First-Time Home Buyers in K...</a>: First-time home buyers in Kentucky Joel Lobb Joel Lobb is a prominent figure in the Kentucky mortgage landscape, especially for those emba...Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-19260315290206608902024-02-19T07:14:00.000-08:002024-02-19T07:14:54.689-08:00Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Kentucky First Time Home Buyer Approval Requiremen...<a href="https://www.mylouisvillekentuckymortgage.com/2024/02/kentucky-first-time-home-buyer-approval.html?spref=bl">Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Kentucky First Time Home Buyer Approval Requiremen...</a>: Here's a more comprehensive breakdown of what it takes to get approved for a mortgage loan in Kentucky as a first-time homebuyer: * C...Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-826963422192942932024-02-15T06:56:00.000-08:002024-02-15T06:56:21.894-08:00Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Kentucky's Welcome Home Grant: A $20,000 Grant To ...<a href="https://www.mylouisvillekentuckymortgage.com/2024/02/kentuckys-welcome-home-grant-20000.html?spref=bl">Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Kentucky's Welcome Home Grant: A $20,000 Grant To ...</a>: KENTUCKY WELCOME GRANT INFORMATION FOR QUALIFYING IN 2024 Kentucky's Welcome Home Grant: A $20,000 Boost for Homeownership! Dreaming of...Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-72096671907245302492024-02-12T12:09:00.000-08:002024-02-12T12:10:41.023-08:00 A Guide to VA Loans for First-Time Buyers in Kentucky<p> </p><p><br /></p><h2 data-sourcepos="1:1-1:80" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 1rem; line-height: 1.5rem; margin: 0px 0px 1rem; scrollbar-color: rgb(218, 220, 224) transparent;">Owning Your Dream Home in Kentucky: A Guide to VA Loans for First-Time Buyers</h2><p data-sourcepos="3:1-3:352" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;">As a first-time homebuyer in Kentucky, navigating the mortgage landscape can feel overwhelming. But if you're a veteran, active-duty service member, or surviving spouse, the VA loan program offers a unique opportunity to achieve homeownership with significant advantages. Here's a breakdown of how VA loans can help you secure your Kentucky dream home:</p><p data-sourcepos="5:1-5:22" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">What is a Kentucky VA Loan?</span></p><p data-sourcepos="7:1-7:308" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;">Backed by the Department of Veterans Affairs (VA), these loans offer competitive interest rates, often require no down payment, and come with no monthly mortgage insurance. This makes them particularly attractive for first-time buyers who may have limited savings or prefer to avoid additional monthly costs.</p><p data-sourcepos="9:1-9:47" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Eligibility for Kentucky First-Time Buyers:</span></p><ul data-sourcepos="11:1-15:0" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 4px 0px; padding-inline-start: 1.125rem; scrollbar-color: rgb(218, 220, 224) transparent;"><li data-sourcepos="11:1-11:194" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Military Service:</span> You must have served at least 90 days of active duty during wartime or 180 days during peacetime, or have at least six years of service in the National Guard or Reserves.</li><li data-sourcepos="12:1-12:111" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Credit Score:</span> While there's no official minimum, most VA-approved lenders require scores of at least 620.</li><li data-sourcepos="13:1-13:103" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Income and Debt:</span> Your lender will assess your debt-to-income ratio (DTI) to ensure affordability.</li><li data-sourcepos="14:1-15:0" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Entitlement:</span> This refers to the amount the VA guarantees on your loan. It depends on your service history and can be used for multiple home purchases.</li></ul><p data-sourcepos="16:1-16:56" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Benefits of VA Loans for Kentucky First-Time Buyers:</span></p><ul data-sourcepos="18:1-22:0" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 4px 0px; padding-inline-start: 1.125rem; scrollbar-color: rgb(218, 220, 224) transparent;"><li data-sourcepos="18:1-18:111" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">No Down Payment:</span> This can free up significant funds for other expenses like closing costs or renovations.</li><li data-sourcepos="19:1-19:139" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Competitive Interest Rates:</span> VA loans typically offer lower rates than conventional loans, saving you money over the life of the loan.</li><li data-sourcepos="20:1-20:108" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">No Monthly Mortgage Insurance:</span> This translates to lower monthly payments and potentially more savings.</li><li data-sourcepos="21:1-22:0" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Flexible Eligibility:</span> VA loans consider your overall financial picture, not just your credit score, making them accessible to a wider range of borrowers.</li></ul><p data-sourcepos="23:1-23:60" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Additional Resources for Kentucky First-Time Homebuyers:</span></p><ul data-sourcepos="25:1-28:0" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 4px 0px; padding-inline-start: 1.125rem; scrollbar-color: rgb(218, 220, 224) transparent;"><li data-sourcepos="25:1-25:108" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Kentucky Housing Corporation (KHC):</span> Offers down payment assistance programs specifically for VA loans.</li><li data-sourcepos="26:1-26:116" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Veterans Benefits Administration (VA):</span> Provides detailed information on VA loans and eligibility requirements.</li><li data-sourcepos="27:1-28:0" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Local VA Lenders:</span> Many lenders specialize in VA loans and can guide you through the process.</li></ul><p data-sourcepos="29:1-29:13" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Remember:</span></p><ul data-sourcepos="31:1-34:0" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 4px 0px; padding-inline-start: 1.125rem; scrollbar-color: rgb(218, 220, 224) transparent;"><li data-sourcepos="31:1-31:88" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Shop around:</span> Compare rates and terms from different lenders to find the best deal.</li><li data-sourcepos="32:1-32:102" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Get pre-approved:</span> This will give you a clearer picture of your budget and strengthen your offer.</li><li data-sourcepos="33:1-34:0" style="margin-bottom: 0px; scrollbar-color: rgb(218, 220, 224) transparent;"><span style="font-weight: 700; scrollbar-color: rgb(218, 220, 224) transparent;">Seek professional help:</span> Consider working with a real estate agent and mortgage broker experienced with VA loans.</li></ul><p data-sourcepos="35:1-35:264" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;">By understanding the advantages of VA loans and utilizing available resources, you can confidently navigate the path to homeownership in Kentucky. Remember, owning a home is a significant investment, so do your research, ask questions, and make informed decisions.</p><p data-sourcepos="37:1-37:149" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;">I hope this comprehensive overview helps you explore VA loans as a first-time homebuyer in Kentucky. If you have further questions, feel free to ask!</p><p data-sourcepos="37:1-37:149" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiimlOL-zLUuxZeWfELWkhQtOhRotx5f_wAyBLD3bIbxhkKT2szexrnzLBLtOIdEwGMQ5AOtt34e4PgWAv3wI4JiX5ANON1yuW9-ZHbidPgbV-88UFtkCzPXMZoCMk8EEUeUFuwZgOv4-Nb1bDDMQFmq_UYQJOiJscxX0X4UP3msdw5hdRd6zH10TNG1NCX/s2000/SDFSADFSADFSADFSADFASDFSADFSDAFSAFSDFASDF.jpg" style="margin-left: 1em; margin-right: 1em;"><img alt="VA Loans for First-Time Buyers ky" border="0" data-original-height="1500" data-original-width="2000" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiimlOL-zLUuxZeWfELWkhQtOhRotx5f_wAyBLD3bIbxhkKT2szexrnzLBLtOIdEwGMQ5AOtt34e4PgWAv3wI4JiX5ANON1yuW9-ZHbidPgbV-88UFtkCzPXMZoCMk8EEUeUFuwZgOv4-Nb1bDDMQFmq_UYQJOiJscxX0X4UP3msdw5hdRd6zH10TNG1NCX/w640-h480/SDFSADFSADFSADFSADFASDFSADFSDAFSAFSDFASDF.jpg" title="VA Loans for First-Time Buyers ky" width="640" /></a></div><br /><p data-sourcepos="37:1-37:149" style="background-color: white; color: #1f1f1f; font-family: "Google Sans", "Helvetica Neue", sans-serif; font-size: 16px; margin: 1rem 0px; scrollbar-color: rgb(218, 220, 224) transparent; white-space-collapse: preserve; word-break: break-word;"><br /></p>
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="487" src="https://www.youtube.com/embed/EPxnsVOvfKA" title="Different Types of Kentucky Home Loans" width="866"></iframe>
Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-14720266525294982092024-02-08T12:36:00.000-08:002024-02-08T12:36:52.864-08:00KENTUCKY VA MORTGAGE LENDER APPROVAL REQUIREMENTS<iframe frameborder="0" height="270" src="https://youtube.com/embed/Da-UZM_mLIs?si=Vsi-1GlM9annUbYS" width="480"></iframe><div><br /></div><div><br /></div><div><br /></div><div><blockquote class="reddit-embed-bq" data-embed-height="546" style="height: 500px;"><a href="https://www.reddit.com/r/MortgageQuestionsKY/comments/1am5j6z/kentucky_va_mortgage_lender_approval_requirements/">KENTUCKY VA MORTGAGE LENDER APPROVAL REQUIREMENTS</a><br /><br /></blockquote></div>Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.com10602 Timberwood Cir #3, Louisville, KY 40223, USA38.2347121 -85.57485459.9244782638211575 -120.7311045 66.544945936178848 -50.4186045tag:blogger.com,1999:blog-1324582143011239391.post-58358228550461947242024-02-03T06:16:00.001-08:002024-02-03T06:16:30.773-08:00KENTUCKY VA MORTGAGE LENDER APPROVAL REQUIREMENTS<iframe width="480" height="270" src="https://youtube.com/embed/Da-UZM_mLIs?si=a-FRXmbOAHwKXohO" frameborder="0"></iframe>Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-31232226053375312062024-02-03T06:16:00.000-08:002024-02-03T06:16:19.016-08:00KENTUCKY VA MORTGAGE LENDER APPROVAL REQUIREMENTS<iframe width="480" height="270" src="https://youtube.com/embed/Da-UZM_mLIs?si=a-FRXmbOAHwKXohO" frameborder="0"></iframe>Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-865247123051235402024-01-20T07:20:00.000-08:002024-01-20T07:20:02.209-08:00Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages:
Kentucky Down payment assistance loans are a...<a href="https://www.mylouisvillekentuckymortgage.com/2024/01/kentucky-down-payment-assistance-loans.html?spref=bl">Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages:
Kentucky Down payment assistance loans are a...</a>: Kentucky Down payment assistance loans are available up to $20,000 for Mortgage with Welcome Home Grant 2024 Information for Kent...<div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLYzPDFj1lrI_TwyMXYxLbV_nlffRVAf1IfRgNZOvubUwNbQnKowkmojp67_mV_i2rJcmfL9BdrHzvvxxQCQYz-OgQPm7gf7jtOzJUs3Dw6weH_I_ekxL9DC4J-BB62upnZAZ7r9qqilaG2EpDR8WAS1-zsrMVvMdNuLxN384omCz_uXylSJ6Ln5_PNII8/s1125/fasfasdfsdafsadfsdafsdafasfsadfsadfasdfsadfsadfsad.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Kentucky Down payment assistance loans are available up to $20,000 for Mortgage with Welcome Home Grant 2024" border="0" data-original-height="620" data-original-width="1125" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLYzPDFj1lrI_TwyMXYxLbV_nlffRVAf1IfRgNZOvubUwNbQnKowkmojp67_mV_i2rJcmfL9BdrHzvvxxQCQYz-OgQPm7gf7jtOzJUs3Dw6weH_I_ekxL9DC4J-BB62upnZAZ7r9qqilaG2EpDR8WAS1-zsrMVvMdNuLxN384omCz_uXylSJ6Ln5_PNII8/w640-h352/fasfasdfsdafsadfsdafsdafasfsadfsadfasdfsadfsadfsad.jpg" title="Kentucky Down payment assistance loans are available up to $20,000 for Mortgage with Welcome Home Grant 2024" width="640" /></a></div><br /><div><br /></div>Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.com10602 Timberwood Cir, Louisville, KY 40223, USA38.2347282 -85.574857922.624655982955556 -103.1529829 53.844800417044439 -67.9967329tag:blogger.com,1999:blog-1324582143011239391.post-3216749578588873532024-01-16T07:05:00.000-08:002024-01-16T07:05:09.509-08:00Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Documents Needed Mortgage Approval in Kentucky<a href="https://www.mylouisvillekentuckymortgage.com/p/documents-needed-for-mortgage-loan.html?spref=bl">Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Documents Needed Mortgage Approval in Kentucky</a>: Documents Needed For All Loan Applications ALL BORROWERS: Copies of W-2's for the last two years; Copies of paycheck stubs ...Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-45820951898454029982024-01-13T10:29:00.000-08:002024-01-13T10:29:38.104-08:00KENTUCKY VA MORTGAGE LENDER <iframe frameborder="0" height="270" src="https://youtube.com/embed/0FFL4C_BKkI?si=xrApQyNoxYSbQ3TH" style="background-image: url(https://i.ytimg.com/vi/0FFL4C_BKkI/hqdefault.jpg);" width="480"></iframe><div><br /></div><div><br /></div><div><span class="yt-core-attributed-string--link-inherit-color" style="background: rgba(0, 0, 0, 0.05); border: 0px; color: #131313; font-family: Roboto, Arial, sans-serif; font-size: 14px; margin: 0px; padding: 0px; white-space-collapse: preserve;">What are VA Home Loans?
VA Loans provide military veterans and current service members a distinct advantage when it comes time to purchase or refinance a home. Today's VA Loans have the most favorable terms available for most veterans. VA Loans can be used to purchase a new home with no down payment with no mortgage insurance or refinance up to 90% of homes current equity.
What are the eligibility requirements for a VA Loan in Kentucky?
Veterans Affairs loan guidelines use two methods of income qualification in Kentucky. The residual income method is the primary method, where it is determined that the borrower has sufficient income to cover daily living costs once housing, taxes, insurance and all other liabilities like credit card and auto payments have been made. Additionally, VA loans use a debt to income ratio (DTI). Using this ratio, the veteran's total debt should not exceed 41% of the veteran's total income. Most lenders will require at least a 580 to 620 credit score for a VA Loan approval. Keep in mind, VA guidelines do not call for a credit score but most lenders institute minimum credit score overlay to protect from buybacks from VA loans if they have too many go into foreclosure
How much can I borrow?
The maximum Kentucky VA Mortgage amount is determined by:
Maximum VA Loan in Kentucky: The largest loan allowed for VA mortgages with zero down is now based on your VA loan entitlement in KY. Please refer to the Kentucky VA Loan Limit chart at the bottom of this page to see your area's limit.
Maximum Finance: For purchase transactions, the Maximum VA Loan will be 100% of the lower of the selling price or the appraised value.
What will the down payment and closing costs be?
no down payment required and closing costs vary from lender to lender and usually is based upon the loan amount, credit score, time to close (lock period) and whether or not you get a par rate or a higher rate with a lender credit to pay some of your closing costs at closing.
What property types are allowed for VA Loans in Kentucky?
VA Loans may be used to purchase or refinance single-family residences and VA approved condo projects if the property is the veteran's primary residence.
Can I do a VA refinance in Kentucky?
Three kinds of VA Refinance programs are available for veterans in Kentucky.
Rate/Term VA Refinance
The Rate/Term VA Refinance can be used to refinance a conventional, FHA or subprime mortgage into a stable, fixed rate VA Loan.
VA Cash-Out Refinance
A Cash-Out VA Refinance is very beneficial for the veteran who wants to access the equity that they have built up in their home. VA Loans can be used to refinance up to 90% of a homes current value and take cash out for any reason.
Streamline Refinance
The VA Streamline Refinance is designed to lower the interest rate on a current VA mortgage or convert a current VA adjustable rate mortgage into a fixed rate. A VA Streamline Refinance Loan can be performed quickly and easily. It requires much less hassle and paperwork than a normal refinance including no appraisal, no qualifying debt ratios and no income verification.
How much can I refinance in Kentucky?
The maximum amount for an KY VA loan is determined by:
Maximum VA Loan in Kentucky: The largest loan allowed for a VA Mortgage varies from county to county. To see what the limit is in the county in which you're interested, visit the following page
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</span><span class="yt-core-attributed-string--link-inherit-color" style="background: rgba(0, 0, 0, 0.05); border: 0px; color: #065fd4; font-family: Roboto, Arial, sans-serif; font-size: 14px; margin: 0px; padding: 0px; white-space-collapse: preserve;"><a class="yt-core-attributed-string__link yt-core-attributed-string__link--display-type yt-core-attributed-string__link--call-to-action-color" force-new-state="true" href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa241RVJkcFZHZnB2elExRE1nYTdwU2g4V1FGd3xBQ3Jtc0trd2k3MU5WelNlM1VLUFFqa0wyWFNjZkZMNHZNZkVKR3l2SXZORERPaGdHMTRvVlZvLWhsSmdkeHh4YWo5MmVlYlhZNDdSeWl5YWRVUVN3MWZKR2xwN21GSklhYWxhZ1F3dEkzNzRmZHRyc3hSWC00NA&q=https%3A%2F%2Fwww.benefits.va.gov%2FHOMELOANS%2Fpurchaseco_loan_limits.asp&v=0FFL4C_BKkI" rel="nofollow" style="display: inline; text-decoration-line: none;" tabindex="0" target="_blank">https://www.benefits.va.gov/HOMELOANS...</a></span><span class="yt-core-attributed-string--link-inherit-color" style="background: rgba(0, 0, 0, 0.05); border: 0px; color: #131313; font-family: Roboto, Arial, sans-serif; font-size: 14px; margin: 0px; padding: 0px; white-space-collapse: preserve;">.
This site lists U.S. territories as well as states.
Maximum Finance: In Kentucky, The maximum VA refinance loan amount will be 100% of the appraised value of the home for a rate/term refinance or 100% of the appraised value for a VA cash out refinance.
Why choose a VA Home Loan?
Kentucky VA Mortgages require no down payment.
There are no prepayment penalties for VA Home Loans.
An Kentucky VA Loan is fully assumable, provided the person assuming is qualified.
VA Mortgage Loans have no PMI premiums.
A VA Mortgage Loan is eligible for non-credit qualifying, Streamline Refinance or "IRRRL".
A VA Home Mortgage is available all areas of the country, provided a market exists for the property and the home meets VA's property standards.
A VA Home Loan may be used to purchase or refinance a new or existing home.
Kentucky VA Loans are offered at terms of 15 or 30 years.</span></div>Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.com10602 Timberwood Cir #3, Louisville, KY 40223, USA38.2347121 -85.57485459.9244782638211575 -120.7311045 66.544945936178848 -50.4186045tag:blogger.com,1999:blog-1324582143011239391.post-58778551299362206512024-01-13T06:34:00.000-08:002024-01-13T06:34:03.692-08:00Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Down Payment Assistance Kentucky 2024 Kentucky Hou...<a href="https://www.mylouisvillekentuckymortgage.com/p/khc-loan-programs.html?spref=bl">Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Down Payment Assistance Kentucky 2024 Kentucky Hou...</a>: Kentucky Down payment assistance loans are available up to $10,000 for Mortgage KHC recognizes that down payments, closing costs, and prep...Joel Lobb, Mortgage Broker FHA, VA, KHC, USDAhttp://www.blogger.com/profile/14742291613632757087noreply@blogger.comtag:blogger.com,1999:blog-1324582143011239391.post-29460972270659889552024-01-09T11:50:00.000-08:002024-01-09T11:50:18.155-08:00Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Kentucky VA Mortgage Loan Information<a href="https://www.mylouisvillekentuckymortgage.com/p/va-loans.html?spref=bl">Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: Kentucky VA Mortgage Loan Information</a>: Kentucky VA Mortgage Loans What are VA Home Loans? 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