loans – KENTUCKY VA MORTGAGE LENDER

KENTUCKY VA MORTGAGE LENDER

I have successfully originated over 200 VA Home loans in Kentucky. Put my experience to work for you. Call or text me today at 502-905-3708 or email me at Kentuckyloan@gmail.com-This website is not affiliated with the VA or any other government agency. NMLS #57916 Equal Housing Lender. Same Day Approvals, Fast Closings, and a Local Veteran offering VA Home Loans in Kentucky. Free Credit Report and Pre-Approvals NMLS# 57916 Joel Lobb Loan Originator, Company NMLS ID 1738461 . Equal Housing Lender

Kentucky Mortgage VA Loans

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

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.
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.
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.
Kentucky Mortgage VA Loans does not have an identity of interest guideline. VA allows non-arm’s length transactions.
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.
Seller can pay more than 4% concession/closing costs.
Kentucky Veterans with entitlement that has been previously used can use their additional 25% to obtain 100% financing.
VA disability can be grossed up 125% Kentucky Mortgage VA Loans
VA allows no score with alt trades.
Kentucky VA Mortgage Loans require 2 years out of bankruptcy for Chapter 7 and 1 year for Chapter 13 bankruptcy

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.