Kentucky Mortgage VA Loans


Here are 10 facts about Kentucky Mortgage VA Loans you might not have known.

  1. Kentucky Mortgage VA Loans do not have a maximum loan limit.  The Veteran can qualify for up to $2-3 million they may need to put down payment in depending on the entitlement they have. 
  2. VA manual underwriting is 0 x 30 in the last 12 month on revolving and installment credit.  We can ignore credit over 12 months old. 
  3. Kentucky Mortgage VA Loans DTI is up to whatever DU/LP will approve.  On manual underwriting will do up to 50% with 120% residual income. 
  4. Kentucky Mortgage VA Loans does not have an identity of interest guideline.  VA allows non-arm’s length transactions. 
  5. Kentucky Mortgage VA Loans does not have a flipping rule.  If the value can be supported with an appraisal and there is no indication of inappropriate behavior ok to proceed.
  6. Seller can pay more than 4% concession/closing costs. 
  7. Kentucky Veterans with entitlement that has been previously used can use their additional 25% to obtain 100% financing.
  8. VA disability can be grossed up 125% Kentucky Mortgage VA Loans
  9. VA allows no score with alt trades.
  10. Kentucky VA Mortgage Loans require 2 years out of bankruptcy for Chapter 7 and 1 year for Chapter 13 bankruptcy
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Author: Kentucky Mortgage Broker Offering FHA, VA, USDA, Conventional, and KHC Down Payment Assistance Home Loans

Thank you for visiting. I hope you find this website both informative and empowering as you explore your mortgage options. My goal is to help you feel confident in selecting the right home loan for your unique situation. I proudly serve all 120 counties in Kentucky, offering a full range of mortgage loan programs, including: FHA Loans VA Loans USDA Rural Housing Loans Fannie Mae Conventional Loans KHC Down Payment Assistance Programs With over 20 years of lending experience, I’ve had the privilege of helping more than 1,300 Kentucky families achieve their homeownership goals. Whether you're a first-time homebuyer or seeking a second opinion, I’m here to offer honest, no-pressure advice—always free of charge. I am dedicated to: Attending as many closings as possible Providing responsive, personalized service Ensuring quick, efficient, and accurate loan processing Making myself accessible every step of the way I've been consistently recognized as a top mortgage loan officer in Kentucky for VA, FHA, USDA, and KHC programs. I take pride in being thorough, transparent, and attentive with each and every client. Please take a moment to read my reviews below. If you have questions or need guidance, feel free to call or text me directly. Call/text at 502-905-3708. Free Mortgage Pre-Qualifications same day on most applications. Email me at kentuckyloan@gmail.com with your questions I specialize in Kentucky FHA, VA ,USDA, KHC, Conventional and Jumbo mortgage loans. I am based out of Louisville Kentucky. For the first time buyer, we offer Kentucky Housing or KHC loans with down payment assistance. This website is not an government agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. NMLS# 57916 http://www.nmlsconsumeraccess.org/ Joel Lobb Senior Loan Officer/p> call/text phone: (502) 905-3708 kentuckyloan@gmail.com Company ID #1738461 EQUAL HOUSING LENDER http://www.mylouisvillekentuckymortgage.com/