 Affordable home financing options for Kentucky VA borrowers on active duty and retired military members.Your veteran and active-duty clients can now take advantage of fixed and adjustable rate VA loan programs. We are determined to get them the best rate possible in the shortest turn time. Kentucky VA Mortgage Loan Program’s Key Features: 100% financing with no mortgage insurance (purchase only) no minimum score but most lenders will want a 580 score or higher 41% DTI (up to 60% may be accepted with compensating factors)No Income verification for IRRRLVA funding fee applies to most veterans You can do a VA IRRRL on a property that the veteran no longer lives in • Payoff debts at closing with seller concessions. When writing the offer, this information goes in the “under additional provisions or other terms” section • No seasoning requirement for being added to the title (No flip rule) “As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.” • Only type of loan where an SAR Underwriter can adjust the value after a secondary review in Tidewater with a request from the borrower. That gives us two chances to increase the value if it comes in under. • You can have more than one at the same time. • If the DD-214 is a Dishonorable Discharge, the Veteran can re-apply and get their benefits reinstated and then buy their home. (Apply to the BCMR to upgrade on basis of clemency) • No max loan amount & no max amount of closing costs a seller can pay. “Our debt to the heroic men and valiant women in the service of our country can never be repaid. They have earned our undying gratitude.” • Time of service requirements can be appealed if they are discharged due to a service-related disability • Student loans in deferred status that go by old guidelines can be omitted. • Disputes do not need to be removed to qualify. This is a good trick if you need a couple extra points. (Disputing collections) • Time of service requirements can be appealed if they are discharged due to a service-related disability. |
KENTUCKY VA MORTGAGE LENDER 
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Kentucky VA Home Loan Program