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/

Using Your Veterans Benefit to Buy a Home In Kentucky


Probably one of the most talked about GI benefits is the VA Home Loan. You’ve probably heard of it, but have you ever thought of it using it? Learn what it is & how can it help you here.

Using Your Veterans Benefit to Buy a Home In Kentucky

Using Your Veterans Benefit to Buy a Home in Kentucky | 

Probably one of the most talked about GI benefits is the Kentucky VA Home Loan. You’ve probably heard of it, but have you ever thought of it using it? Learn what it is & how can it help you here.

Using Your Veterans Benefit To Buy A Home In Kentucky For Zero Down

May 31, 2019 06:00AM 

Kentucky VA Home Loan Guidelines
Those eligible for VA loans should at least look into taking advantage of this benefit
Probably one of the most talked about GI benefits is the VA Home Loan. You’ve probably heard of it, but have you ever thought of it using it? What is the benefit, how can it help you, and what’s the process?

Experience tells me that in our area, this is an under-utilized tool by many real estate agents and loan officers. Why? Because like anything having to do with the government, there are a few internal twists. But fear not—if you hire an experienced agent and have the right loan officer, you won’t even be aware of these.
What’s the Benefit?
While there are other housing-related programs that will help assist in repairing, retaining, or adapting a personal home, we’re specifically referring to the VA home loan. This type of loan is available through private lenders to service members, veterans, and qualifying surviving spouses. In a nutshell, the VA stands behind the loan, guaranteeing a portion of it, and either eliminating the need for or in lieu of a 20% down payment, as well as costly private mortgage insurance. It can be used to buy, build, or refinance a primary residence.
How Can It Help You?
  • Limited or Zero Down payment for veterans
  • No Mortgage Insurance monthly  (there is a one-time funding fee)
  • Re-Usable & Assumable by other eligible VA Mortgage buyers
  • No minimum credit score
  • Past Bankruptcies and Foreclosure over 2 years you can apply again
  • Can be used in any county of Kentucky with no max loan limit
  • No income limits on how much you can make
  • can refinance up to 100% of the home’s value if it passed the VA Net Tangible Worksheet
  • Very low 30 year fixed rate loans when compared to conventional loans
  • VA loans require termite inspection on all loans.
What’s the Process?
The first question to ask is, do you qualify? If the answer is yes:
  • Get financially pre-qualified by a lender that does VA backed loans, since not all banks do them, it is best to shop around and ask if the lender does a lot of VA loans in Kentucky
  • Obtain your Certificate of Eligibility (COE). The lender can help you with this.
  • Find your home
  • Negotiate the terms of your transaction
  • Apply for your loan
  • Closing

Those eligible for Kentucky VA loans, should at least look into taking advantage of this benefit.


http://www.emailmeform.com/builder/form/0bfJs9b6bK8TGoc6mQk9hIu
 
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

http://www.nmlsconsumeraccess.org/
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#57916 http://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.

—

Joel Lobb

Source: Using Your Veterans Benefit to Buy a Home | Bellingham Bulletin

How Can A First Time Home Buyer With Bad Credit Get A House?


A House, Buyer, Down payment, Fannie Mae, First-time buyer, Freddie Mac, home loan, Kentucky, Kentucky Housing Corporation, Loan, louisville, Louisville Kentucky, Mortgage, Mortgage broker, Mortgage loan, Refinancing, Rural housing, USDA, VA loan, Zero down home loan

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How Can A First Time Home Buyer With Bad Credit Get A House?.

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Tips on Federal VA Loans


here are more Veterans than ever who are eligible for Federal VA financing ! Each day it seems I have an opportunity to work with Veterans who are finishing active duty or are making the transition to civilian life.

Veterans may return to the position they left when called to active duty, or may be hired by a new employer who sees the quality of employee they can have. Qualifying to buy and finance a home is reviewed individually based upon all employment history.

Here are some helpful tips to save money :

If receiving disability income from VA, a Veteran is exempt from the VA Funding Fee. The Funding Fee is financed and over the term of the loan it saves thousands !

Under regular Military, this fee can be 2.15% or on second use 3.3% Those in the reserves have a higher premium.

If you are not eligible to waive the VA Funding Fee– you can save on how much is paid by considering a down payment!

The VA Loan is available for up to 100% of the sales price however, if you consider putting 5% down and fall under regular military it drops from 2.15% to 1.5%. Reservists experience a similar savings! Here is an example:

On a Sales Price of $180,000.00 for a regular military Veteran, the cost of the Funding Fee is $ 3,870.00. At 5% down payment the VA Funding Fee is reduced to $2,700.00.

Have the seller payoff some of the Veterans debts!

Many individuals are not aware that VA Allows a seller to pay off debts . The total amount of contribution to veterans costs and debt cannot the limitation of 4% .

It is essential to work closely with the Real Estate professional on directing the wording in the earnest money agreement to request the amount necessary contribution necessary for the Veteran to close the loan.

Call me for any questions, knowing the flexibility of the Federal VA Program over the years, has enabled me to assist the Veteran in achieving the goal of home ownership!

Kerry Vasquez's avatarKerry Vasquez on Oregon Home Loans

There  are more Veterans than ever who are eligible for Federal VA financing !  Each day it seems I have an opportunity to work with Veterans who are finishing active duty or are making the transition to civilian life.

Veterans may return to the position they left when called to active duty, or may be hired by a new employer who sees the quality of employee they can have.  Qualifying to buy and finance a home is reviewed individually based upon all employment history.

Here are some helpful tips to save money :

If receiving disability income from VA, a Veteran is exempt from the VA Funding Fee.  The Funding Fee is financed and over the term of the loan it saves thousands !

Under regular Military, this fee can be 2.15% or on second use 3.3%   Those in the reserves have a higher premium.

If you are not eligible…

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