Tag: va streamline

Kentucky Refinance Streamline Guidelines for an IRRL


Kentucky VA Streamline
Kentucky VA Streamline

 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%)

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Joel Lobb
Senior  Loan Officer
(NMLS#57916)
American Mortgage Solutions, Inc.
800 Stone Creek Pkwy, Ste 7,
Louisville, KY 40223
 Fax:     (502) 327-9119
 
 Company ID #1364 | MB73346

 CONFIDENT

Kentucky VA Loan Cash Out Refinance Guidelines for 2014


Kentucky VA Loan Cash Out Refinance Guidelines for 2014

Kentucky VA Cash Out Refinance:

  • Now up to 100% of the home’s value or LTV – Plus VA Funding Fee Financed
  • Minimum Credit Score of 680 Required –
  • Approve/Eligible DU AUS Findings
  • Max DTI 45.00% –
  • Must Meet Minimum VA Guarantee Requirements