Kentucky VA Lending Guide


via Kentucky VA Lending Guide

 

Kentucky VA loans are typically the best solution for our honored veterans and service members. Contrary to popular belief, VA loans are fairly easy to process and tend to not be any more complicated than any other loan program that we offer.Here are some of our favorite features of Kentucky VA loans:

  1. No Down Payment – VA is a true 100% financing loan with no minimum investment required.
  2. No Monthly Mortgage Insurance – VA loans do not require monthly mortgage insurance, providing significant cost savings to our Veterans. They do require an upfront Funding Fee of 0 to 3.6% that is paid directly to the VA. This funding fee is financed into the loan and may be waived for some buyers based on their scenario.
  3. Credit scores – Interest rates and underwriting requirements are less credit score sensitive than other loan programs. In some scenarios, we are able to lend to buyers with scores in the mid-500s. Buyers without a credit score may be eligible with additional requirements.
  4. Renovation loans – We can do purchase and refinance loans that roll the cost of minor and cosmetic repairs into the loan amount.
  5. Property Types – VA Loans can be used on 1-4 unit properties, primary residence only. They can also be used on VA approved condominiums and qualifying manufactured homes.

VA Loans are issued by federally qualified lenders and are guaranteed by the United States Veterans Administration.  VA Loans are available to military personnel and veterans, including Reservists and members of the National Guard. Surviving spouses may be eligible in specific circumstances.

VA Loan eligibility is determined using the Certificate of Eligibility (COE) document. We work directly with the VA on the buyer’s behalf to obtain this document. A buyer can take advantage of the VA loan program more than once!

 

KENTUCKY VA HOME LOANS


via KENTUCKY VA HOME LOANS

 

KENTUCKY  VA LOAN FEATURES

✓ Up to 100% financing available**

✓ No monthly private mortgage insurance

✓ Seller concessions up to 4% of the reasonable value of the property

✓ Credit scores as low as 580 FICO in Kentucky

✓ Must be a veteran, active duty or reserve member to be eligible

✓ Manufactured homes allowed

✓ 90% cash out refinance available

✓ Non traditional credit

✓ Consistently one of the top 5 Kentucky loan officers 0

✓ Has helped hundreds of VA families find their home in Kentucky

✓ Personal ties to veterans and active duty members and former Army Tanker that has a VA loan and done over 200 Kentucky VA loans.

Kentucky VA Mortgage Lender Guidelines for 2019


Kentucky VA Mortgage Lender Guidelines for 2019via Kentucky VA Mortgage Lender Guidelines for 2019

Kentucky VA Loans Offer 100% Financing


via Kentucky VA Loans Offer 100% Financing

 

Kentucky VA Loans Offer 100% Financing

How can I get a VA Mortgage loan in Kentucky in 2019?

 

 

Kentucky VA Mortgage Guidelines for 2019


via Kentucky VA Mortgage Guidelines for 2019How can I get a VA Mortgage loan in Kentucky in 2019?

Congress Passes VA Loan Bill for Kentucky VA Home Buyers


via Congress Passes VA Loan Bill for Kentucky VA Home Buyers

 

Congress Passes VA Loan Bill for Kentucky VA Home Buyers

The President is expected to sign H.R. 299, the ‘Blue Water Navy Vietnam Veterans Act.’ This legislation includes language which will eliminate the cap on the VA home loan guarantee.

Kentucky VA Mortgage Loan Guide for Foreclosures, Bankruptcy, and short sales or deed in lieu.


 

Kentucky VA Mortgage Loan Guide for Foreclosures, Bankruptcy, and short sales or deed in lieu.
Kentucky VA Mortgage Loan Guide for Foreclosures, Bankruptcy, and short sales or deed in lieu.

 

 

 
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/
If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at 502-905-3708.

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#57916http://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.