Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: How to get approved for a Kentucky VA Mortgage Loan?

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgages: How to get approved for a Kentucky VA Mortgage Loan?: Kentucky VA Mortgage Loan Approval Tips  Kentucky VA Loan Analysis In order to calculate the residual in...

Kentucky VA Home Loans Info

Kentucky VA Home Loans Info: 100% Financing Available available for first time use and subsequent use.





 Can use your Kentucky VA loan more than once. Seller can pay up to 4% (of the purchase price) for your closing costs

Must be an Active or Prior Service member (this includes Reservists)

In most cases no Letter of explanation for credit issues and no Verified Rental history is required if it
makes sense to VA underwriters

2 years removed from bankruptcy No minimum score but lenders will create minimum credit overlays.

Current Covid 19 enforcement has caused a lot VA lenders in Kentucky to raise the score to 620   
                                                                                                                                                                                                             
 No max loan amounts anymore, but must qualify based on debt to income ratio, entitlement amount, residual income and area you are buying.

Loan is submitted through Desktop Underwriting first, and depending on the recommendation from

the AUS or Automated Underwriting System, it will dedicate your condition to close the loan.

Kentucky VA Loans cannot be used for the following things:

Kentucky VA Mortgage Loan cannot be used to finance the following things:

• Purchase investment property or rental property homes.
• Use as a business loan to start a business or finance a side business
• Buy land, farm land, or speculative raw land for business
• Purchase a home in a foreign country
• Purchase a second home
• No vacation homes

 

Joel Lobb (NMLS#57916)
Senior  Loan Officer

 

American Mortgage Solutions, Inc.

10602 Timberwood Circle Suite 3

Louisville, KY 40223

Company ID #1364 | MB73346

 

Text/call 502-905-3708
 kentuckyloan@gmail.com

 

 

 

If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.   

 

Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant's eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant  Equal Opportunity Lender. NMLS#57916http://www.nmlsconsumeraccess.org/

 

-- Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. The content in this marketing advertisement has not been approved, reviewed, sponsored or endorsed by any department or government agency. Rates are subject to change and are subject to borrower(s) qualification