va home loan – Page 19 – KENTUCKY VA MORTGAGE LENDER

Who is eligible for Kentucky VA loans?

Kentucky VA loans are available to veterans of the United States Armed Forces, including those who are on active duty or reserve, as well as widows or widowers of veterans. There are also special circumstances under which spouses of veterans can also apply for eligibility.
Keep in mind, you’ll need to provide a Certificate of Eligibility (COE) in order to prove you are entitled to receive VA financing. Visit the U.S. Department of Veteran Affairs website to learn how to obtain a COE. Your lender can also help you obtain a COE based on your unique circumstances.

What benefits do Kentucky VA Loans offer veterans?

Kentucky VA loan program comes with special advantages other mortgage loan products don’t have. Here are just a few benefits of Kentucky VA loans:
Flexible qualifying and credit requirements
Lower interest rates
Zero down payment
No private monthly mortgage insurance (PMI)
Property tax exemptions
There are even grants that allow disabled veterans to make modifications to their home. Another important benefit to point out includes the ability to finance a substantial portion of the closing costs associated with purchasing a home.

In order to get you pre-approved, I will need the following items from you. This is a free process and I will give you a copy of your credit report for free.

VA Loan Checklist

The following is a list of documents that may be required to process your VA mortgage loan:
One full month’s worth of pay stubs
Last 2 years W-2′s
Last 2 years tax returns
Copy of your DD214
Your VA Certificate of Eligibility (we can help you get this if needed)
Last two months bank statements for all accounts

I don’t need originals, copies are fine. You can fax or email me the above documents.

Let me know your questions.

Thanks and look forward to helping you

VA Home Purchase Benefits

Option for no down payment, zero down home loan
No monthly mortgage insurance premium
Seller or lender may contribute to veteran’s closing costs
Termite report required on all VA loans
No closing costs option available
Close in as little as 30 days
Free Mortgage Approvals

Kentucky Refinance Streamline Guidelines for an IRRL

Kentucky VA IRRRL Refinance benefits:
No Income, No Assets, No Appraisal

•	Allowed on 2nd homes and Non-owner occupied proof veteran occupied the property at one time required	•	Refinance of Existing VA loan up to $417,000 (loan amounts are based on VA worksheet)
•	No Appraisal, no income, and no asset documentation – including funds to close	•	Existing Loan Term can be extended up to 30 years
•	Minimum 620 credit score required	•	Reduced guarantee fee of .5%
•	No additional pricing adjustment for VA IRRRL transactions	•	Term reduction allowed on VA IRRRL (payment cannot increase by more than 20%)