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%)

 
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

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Fort Knox welcomes ‘3/1’ soldiers home – WDRB 41 Louisville – News, Weather, Sports Community Fort Knox VA Loans

Fort Knox (US Army)

Fort Knox (US Army) (Photo credit: Wikipedia)

Fort Knox welcomes ‘3/1’ soldiers home – WDRB 41 Louisville – News, Weather, Sports Community.

Fort Knox VA loans

Fort Knox VA loans

Fort Knox VA Loans

2012 VA Loan Limits for Kentucky Counties

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2012 VA Loan Limits for Kentucky Counties

 

County VA Limit
Adair $417,000
Allen $417,000
Anderson $417,000
Ballard $417,000
Barren $417,000
Bath $417,000
Bell $417,000
Boone $417,000
Bourbon $417,000
Boyd $417,000
Boyle $417,000
Bracken $417,000
Breathitt $417,000
Breckinridge $417,000
Bullitt $417,000
Butler $417,000
Caldwell $417,000
Calloway $417,000
Campbell $417,000
Carlisle $417,000
Carroll $417,000
Carter $417,000
Casey $417,000
Christian $417,000
Clark $417,000
Clay $417,000
Clinton $417,000
Crittenden $417,000
Cumberland $417,000
Daviess $417,000
Edmonson $417,000
Elliott $417,000
Estill $417,000
Fayette $417,000
Fleming $417,000
Floyd $417,000
Franklin $417,000
Fulton $417,000
Gallatin $417,000
Garrard $417,000
Grant $417,000
Graves $417,000
Grayson $417,000
Green $417,000
Greenup $417,000
Hancock $417,000
Hardin $417,000
Harlan $417,000
Harrison $417,000
Hart $417,000
Henderson $417,000
Henry $417,000
Hickman $417,000
Hopkins $417,000
Jackson $417,000
Jefferson $417,000
Jessamine $417,000
Johnson $417,000
Kenton $417,000
Knott $417,000
Knox $417,000
LaRue $417,000
Laurel $417,000
Lawrence $417,000
Lee $417,000
Leslie $417,000
Letcher $417,000
Lewis $417,000
Lincoln $417,000
Livingston $417,000
Logan $417,000
Lyon $417,000
Madison $417,000
Magoffin $417,000
Marion $417,000
Marshall $417,000
Martin $417,000
Mason $417,000
McCracken $417,000
McCreary $417,000
McLean $417,000
Meade $417,000
Menifee $417,000
Mercer $417,000
Metcalfe $417,000
Monroe $417,000
Montgomery $417,000
Morgan $417,000
Muhlenberg $417,000
Nelson $417,000
Nicholas $417,000
Ohio $417,000
Oldham $417,000
Owen $417,000
Owsley $417,000
Pendleton $417,000
Perry $417,000
Pike $417,000
Powell $417,000
Pulaski $417,000
Robertson $417,000
Rockcastle $417,000
Rowan $417,000
Russell $417,000
Scott $417,000
Shelby $417,000
Simpson $417,000
Spencer $417,000
Taylor $417,000
Todd $417,000
Trigg $417,000
Trimble $417,000
Union $417,000
Warren $417,000
Washington $417,000
Wayne $417,000
Webster $417,000
Whitley $417,000
Wolfe $417,000
Woodford $417,000

2012 VA County Loan Limits for Kentucky

 

2012 VA County Loan Limits for Kentucky

: The procedure for calculating loan limits for 2012 has changed from 2011. VA’s previous

procedure expires December 31, 2011. If Congress passes legislation permitting VA to calculate maximum guaranty as it has in the past, the numbers below could increase slightly; they will NOT decrease. If that occurs, we will post announcements and reissue this loan limit chart.

Loan limits

: VA does not impose a maximum amount that an eligible veteran may borrow using a VA-guaranteed

loan; however loan limits establish the maximum possible guaranty on a loan. The maximum guaranty amount (available for loans over $144,000) is 25 percent of the 2012 VA Limit shown below. A veteran with full entitlement available may borrow up to the limit shown below and VA will guarantee 25 percent of the loan amount.

If a veteran has previously used entitlement that has not been restored, the maximum guaranty amount available to that veteran is reduced accordingly. Lenders should check their own investor requirements regarding guaranty amounts and down payments.

 

NOTE: For all counties in Kentucky, including Jefferson County Kentucky 2012 Limit is $417,000.