Kentucky USDA Rural Housing Loans : Rapid Rescoring For Consumers: Credit scores

Kentucky USDA Rural Housing Loans : Rapid Rescoring For Consumers: Credit scores: Rapid Rescoring For Consumers: Credit scores : Credit scoring is a big business, which is why there's more than one company out there of...

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How to Get A Copy of your DD214 for a Kentucky VA Mortgage Loan Approval?

In order to get approved for a VA mortgage in Kentucky you will need to get your DD214 if you are a veteran. 

Getting a Copy of Your DD Form 214 from the National Archives

The National Archives in St. Louis, MO processes all DD Form 214 requests. Veterans and their next of kin have two methods for requesting copies of military records.

Required information to request replacement DD Form 214:

  • Veteran’s complete name used while in service.
  • Service number or Social security number.
  • Branch of service.
  • Dates of service.
  • Date and place of birth (especially if the service number is not known).
  • Recommended information (not required, but may help expedite the process): Purpose for request (applying for benefits, preparing to retire, researching personal military history), deadline, additional forms or information required.
If you believe your records may have been destroyed in the 1973 fire, then you should have the following information available:
  • Place of discharge.
  • Last unit of assignment.
  • Place of entry into the service, if known.
The Privacy Act of 1974 requires all military records requests be submitted in writing. The veteran or next-of-kin must sign and date each DD Form 214 request.

FREQUENTLY ASKED QUESTIONS FOR KENTUCKY VA MORTGAGE LOANS

FREQUENTLY ASKED QUESTIONS FOR KENTUCKY VA MORTGAGE LOANS





What Does Having Basic Entitlement of $36,000 Mean?
The $36,000 does not represent the maximum loan amount you can obtain through the VA Home Loan Program. The figure merely provides evidence to your lender that you have full VA entitlement.
With this entitlement and underwriter approval, you can obtain a loan in an amount up to $417,000; some high cost counties have even higher limits.
I Now Have My COE, What Do I Do Next?
 Contact any VA approved lender and start the loan process. Do note that the COE does not guarantee you a VA loan; you still must qualify based upon your income and credit.
How Do I Apply For a Loan?
VA does not do any direct lending, and as such VA does not accept loan applications from veterans. You must contact a VA approved lender in order to apply for a VA loan. For more information about VA loans, visit www.benefits.va.gov/homeloans/.
What is the VA Interest Rate?
VA does not establish interest rates or closing costs for VA loans. Rates are negotiable between you and your lender. It is advisable to obtain quotes from at least three different lenders.
What is the Minimum Credit Score Required for a VA loan?
VA has no minimum credit score requirement. However, the lender you choose to do business with may have such a requirement.
What Types of Property Does My COE Cover?
The VA Home Loan program guarantees loans for real property that is to be used by the veteran as a primary residence. The program does not cover vacation homes, vacant land, multiplexes in excess of four units, motorhomes, small business loans, or commercial buildings.
Can I Use My VA Entitlement to Refinance?
Yes. You can refinance any type of loan on your property using your VA entitlement.
Why Does My COE Reflect a Paid-in-Full Loan With No Restoration of Entitlement?
In order for entitlement to be restored, the prior VA loan must be paid in full and the property disposed of. If you no longer own the property, please state as such on your application form 26- 1880 and resubmit. Do note that you can obtain a restoration of entitlement without disposing of the property when the loan is paid in full on a one time basis
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Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: $10,000 Down Payment Grant from Kentucky Housing f...

Louisville Kentucky Mortgage Lender for FHA, VA, KHC, USDA and Rural Housing Kentucky Mortgage: $10,000 Down Payment Grant from Kentucky Housing f...: No Cost or Obligation Easy Loan Process Flexible Underwriting Expert Advice on the Kentucky Housing $10,000 Grant for First Tim...

Apply for a home loan by clicking the link below:



It's free and takes less than 5 minutes

Or call us at 502-905-3708 for your free application over the phone