Kentucky VA Mortgage Loan

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Kentucky VA Funding Fee Chart

PURCHASE LOANS

 

The funding fee for ALL subsequent use loans closed on or after October 1, 2006, and before October 1, 2007, is 3.35 percent. This applies to all purchase loans where no down payment of 5 percent or more is made as well as cash-out refinances where the fee would have been 3.3 percent. Effective October 1, 2007, the subsequent use fee reverts back to 3.3 percent.

 

Type of Veteran                Down Payment               %  for First Time Use                % for Subsequent Use

Regular                                None                                     2.15%                                     3.3%

Military                                5% or more (up to 10%)       1.50%                                     1.50%

10% or more                          1.25%                                     1.25%

 

Reserves/                            None                                       2.4%                                       3.3%

National Guard                    5% or more                            1.75%                                    1.75%

10% or more                          1.50%                                    1.50%

 

 

CASH OUT REFINANCE LOANS

 

Type of Veteran                                                    % for First Time Use                    % for Subsequent Use

Regular Military                                                            2.15%                                        3.3%

Reserves/National Guard                                            2.4%                                           3.3%

 

Note:  There are no reduced funding fees for regular refinances based on equity.

 

IRRRLs  & Other Loan Type

 

Type of Loan                                        % for Either Type of Veteran WHether First Time or Subsequent Use    

IRRRLs                                                                                                    .50%

Manufactured Home Loans (Not permanently attached)                 1.00%

Loan Assumptions                                                                                    .50%

 

Why You Can’t Get a Louisville Kentucky FHA, VA, KHC, USDA, Rural Housing and Fannie Mae Home Loan

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It appears that today’s government shutdown has had very little impact on most loan programs so far, with the exception of Kentucky Rural Housing Loans for USDA.The USDA website and GUS are currently unavailable. Their underwriters and the call centers are also not available.Therefore, until further notice, USDA loan applications that have not yet received a firm commitment from Rural Development and have yet to receive a clear to close will not be allowed to close.
Until further notice, we will not issue any commitments on USDA applications but will continue to accept USDA applications and will process them as best we can.This situation is very fluid. We will have more guidance as more information becomes available.

As always, we appreciate your business.

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

A Complete Guide to Closing Costs

A Complete Guide to Closing Costs.

via A Complete Guide to Closing Costs.

Louisville Kentucky Mortgage Rates

Louisville Kentucky Mortgage Rates.

via Louisville Kentucky Mortgage Rates.

Kentucky Mortgage Rates

o


                                                            Open Today 9:00 am -7:00 pm

Kentucky Mortgage  Rates

Kentucky Mortgage Current Interest Rates
Fixed Rate Programs
    Lock
days
 iQualifying
Ratios
Program Calculator Rate Points APR
 Conforming 30 year fixed 3.500 0.000 3.574 30 28 / 41Prequalify
Kentucky Mortgage Only- Rates Change w/o notice
Conforming 20 year fixed 3.500 0.000 3.412 30 40 / 41Prequalify
kentucky mortgage rates only- change w/o notice
 Conforming 15 year fixed 3.00 0.500 2.974 30 28 / 41Prequalify
kentucky mortgage rates only- change w/o notice
 FHA 30 year fixed 3.125 0.500 4.187 30 35 / 50Prequalify
kentucky mortgage rates only- change w/o notice
 FHA 15 year fixed 3.125 0.000 3.389 30 35 / 50Prequalify
kentucky mortgage rates only- change w/o notice
 Jumbo 30 year Fixed 4.375 1.000 4.385 30 28 / 36Prequalify
kentucky mortgage rates only- change w/o notice
 VA 30 Year fixed 3.125 0.000 4.114 30 41 / 41Prequalify
kentucky mortgage rates only- change w/o notice

Kentucky Mortgage  Rates are subject to qualifying criteria and Mortgage Rates can change without notice.
Assumptions include a 640 or higher credit score for FHA, USDA, KHC,  and 620 credit scores for a VA loan. A loan amount of $100,000.00 is assumed and a 30 day lock required for a Kentucky Mortgage Only.

A 720 credit score or higher is assumed for a Kentucky Conventional Rate Mortgage loan rates and a loan amount of $100,000.00. The loan to value for Kentucky Conventional loans are assumed at 80% ltv or less.

  • The displayed Annual Percentage Rates (APRs) reflect the interest rates, total points, and additional estimated pre-paid finance charges for the loan products shown for Kentucky Mortgage Rates, but do not include other closing costs.
  • The approximate cost of prepaid finance charges does not constitute and is not a substitute for the Good Faith Estimate of Closing Costs (GFE) that you will receive once you apply for a Kentucky Mortgage  loan. This is not a Kentucky mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs.
  • For loans with less than 20% down payment borrower-paid mortgage insurance may apply.
  • These Kentucky  mortgage rates are based on a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan’s interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing.
  • FHA

    • Kentucky FHA loans require both an upfront and an annual mortgage insurance premium. The premium varies based on the loan characteristics, your credit score, whether you’ve received loan counseling, and other factors. All Kentucky FHA loans require a minimum credit score of 640
  • Jumbo

    • Kentucky Jumbo Mortgage  rates are higher for borrowers who do not meet the criteria for Conventional Mortgage Loans. All Jumbo loans require a 680 or higher score and a maximum loan to value of 80% 
  •   VA Loans
                Kentucky VA loans require a funding fee upfront paid to VA in the form of mortgage insurance .he premium varies based on the loan characteristics, your credit score, whether you’ve received loan counseling   factors. Kentucky VA loans require a minimum credit score of 620
  • USDA Loans
                         Kentucky  USDA loans require a funding fee upfront and a monthly mortgage insurance premium paid to RHS/USDA. The premium varies based on the loan characteristics, your credit score,    and other factors. Kentucky USDA loans require a 640 minimum credit score. 

Free Credit Report and Pre qualifications available anytime. 

                                                                

.  Joel Lobb (NMLS#57916) is a licensed mortgage loan officer in the state of Kentucky.

This website is not an Government Agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. 


Joel Lobb (NMLS#57916)Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.com

Key Financial Mortgage (NMLS #1800) 107 South Hurstbourne Parkway*
Louisville, KY 40222*

Fill out my form!

 

Louisville Kentucky Mortgage Rates

Featured

Louisville Kentucky Mortgage Rates.

via Louisville Kentucky Mortgage Rates.

Kentucky Mortgage  Rates

Kentucky Mortgage Current Interest Rates
Fixed Rate Programs
    Lock
days
 iQualifying
Ratios
Program Calculator Rate Points APR
Conforming 30 year FRM 3.375 0.000 3.574 30 28 / 41Prequalify
Kentucky Mortgage Only- Rates Change w/o notice
Conforming 20 year FRM 3.250 0.000 3.412 30 40 / 41Prequalify
kentucky mortgage rates only- change w/o notice
Conforming 15 year FRM 2.750 0.500 2.974 30 28 / 41Prequalify
kentucky mortgage rates only- change w/o notice
FHA 30 year FRM 2.875 0.500 4.187 30 35 / 50Prequalify
kentucky mortgage rates only- change w/o notice
FHA 15 year FRM 2.750 0.000 3.389 30 35 / 50Prequalify
kentucky mortgage rates only- change w/o notice
Jumbo 30 year FRM 3.875 1.000 4.385 30 28 / 36Prequalify
kentucky mortgage rates only- change w/o notice
VA 30 Year FRM 3.000 0.000 4.114 30 41 / 41Prequalify
kentucky mortgage rates only- change w/o notice




Kentucky Mortgage  Rates are subject to qualifying criteria and Mortgage Rates can change without notice.
Assumptions include a 640 or higher credit score for FHA, USDA, KHC,  and 620 credit scores for a VA loan. A loan amount of $100,000.00 is assumed and a 30 day lock required for a Kentucky Mortgage Only.

A 720 credit score or higher is assumed for a Kentucky Conventional Rate Mortgage loan rates and a loan amount of $100,000.00. The loan to value for Kentucky Conventional loans are assumed at 80% ltv or less.

  • The displayed Annual Percentage Rates (APRs) reflect the interest rates, total points, and additional estimated pre-paid finance charges for the loan products shown for Kentucky Mortgage Rates, but do not include other closing costs.
  • The approximate cost of prepaid finance charges does not constitute and is not a substitute for the Good Faith Estimate of Closing Costs (GFE) that you will receive once you apply for a Kentucky Mortgage  loan. This is not a Kentucky mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs.
  • For loans with less than 20% down payment borrower-paid mortgage insurance may apply.
  • These Kentucky  mortgage rates are based on a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan’s interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing.
  • FHA

    • Kentucky FHA loans require both an upfront and an annual mortgage insurance premium. The premium varies based on the loan characteristics, your credit score, whether you’ve received loan counseling, and other factors. All Kentucky FHA loans require a minimum credit score of 640
  • Jumbo

    • Kentucky Jumbo Mortgage  rates are higher for borrowers who do not meet the criteria for Conventional Mortgage Loans. All Jumbo loans require a 680 or higher score and a maximum loan to value of 80% 
  •   VA Loans
                Kentucky VA loans require a funding fee upfront paid to VA in the form of mortgage insurance .he premium varies based on the loan characteristics, your credit score, whether you’ve received loan counseling   factors. Kentucky VA loans require a minimum credit score of 620
  • USDA Loans
                         Kentucky  USDA loans require a funding fee upfront and a monthly mortgage insurance premium paid to RHS/USDA. The premium varies based on the loan characteristics, your credit score,    and other factors. Kentucky USDA loans require a 640 minimum credit score. 


Free Credit Report and Pre qualifications available anytime. 


                                                                

.  Joel Lobb (NMLS#57916) is a licensed mortgage loan officer in the state of Kentucky.



This website is not an Government Agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. 


Joel Lobb (NMLS#57916)Senior  Loan Officer
502-905-3708 cell

Kentucky 2012 VA County Income Limits

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This website is not an Government Agency, and does not officially represent the HUD, VA, USDA or FHA or any other government agency. 

Kentucky VA Loan Limits

(includes VA limits in Fort Thomas, Erlanger, Florence, Ashland, Frankfort, Lexington, Richmond, Somerset, Middlesborough, Elizabethtown, Louisville, Owensboro, Hopkinsville, Fort Campbell North, Mayfield, Paducah, Madisonville, Henderson

2011 Kentucky VA County Loan Limits

The Department of Veterans Affairs Loan Guaranty program does not

impose a maximum amount that an eligible veteran may borrow using a VAguaranteed

loan. However, the following county “limits” must be used to

calculate VA’s maximum guaranty amount for a particular county.

These limits

apply to all loans closed January 1, 2011 through September 30, 2011

.

Fiscal Year 2012 county loan limits will be made available as soon as possible.

The maximum guaranty amount (available for loans over $144,000) is 25

percent of the 2011 VA limit shown below. Therefore, a veteran with full

entitlement available may borrow up to the 2011 VA 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 must be reduced accordingly. Lenders should check their own

investor requirements regarding guaranty amounts and downpayments.

Questions about VA loans in a particular county may be directed to the VA

Regional Loan Center listed for that county.

VA Loans for KENTUCKY Counties

FREE FOR YOUR WEBSITE:– KENTUCKY VA Limits Calculator

Although VA guaranteed loans do not have a maximum dollar amount, lenders who sell their VA loans in the secondary market must limit the size of those loans to the maximums prescribed by GNMA (Ginnie Mae) which are listed below.

More info: VA Jumbo Loans


County Name Single Family Home

($0 DOWN AND UP TO)
Max Guaranty
ADAIR $417,000.00 $1,000,000
ALLEN $417,000.00 $1,000,000
ANDERSON $417,000.00 $1,000,000
BALLARD $417,000.00 $1,000,000
BARREN $417,000.00 $1,000,000
BATH $417,000.00 $1,000,000
BELL $417,000.00 $1,000,000
BOONE $417,000.00 $1,000,000
BOURBON $417,000.00 $1,000,000
BOYD $417,000.00 $1,000,000
BOYLE $417,000.00 $1,000,000
BRACKEN $417,000.00 $1,000,000
BREATHITT $417,000.00 $1,000,000
BRECKINRIDGE $417,000.00 $1,000,000
BULLITT $417,000.00 $1,000,000
BUTLER $417,000.00 $1,000,000
CALDWELL $417,000.00 $1,000,000
CALLOWAY $417,000.00 $1,000,000
CAMPBELL $417,000.00 $1,000,000
CARLISLE $417,000.00 $1,000,000
CARROLL $417,000.00 $1,000,000
CARTER $417,000.00 $1,000,000
CASEY $417,000.00 $1,000,000
CHRISTIAN $417,000.00 $1,000,000
CLARK $417,000.00 $1,000,000
CLAY $417,000.00 $1,000,000
CLINTON $417,000.00 $1,000,000
CRITTENDEN $417,000.00 $1,000,000
CUMBERLAND $417,000.00 $1,000,000
DAVIESS $417,000.00 $1,000,000
EDMONSON $417,000.00 $1,000,000
ELLIOTT $417,000.00 $1,000,000
ESTILL $417,000.00 $1,000,000
FAYETTE $417,000.00 $1,000,000
FLEMING $417,000.00 $1,000,000
FLOYD $417,000.00 $1,000,000
FRANKLIN $417,000.00 $1,000,000
FULTON $417,000.00 $1,000,000
GALLATIN $417,000.00 $1,000,000
GARRARD $417,000.00 $1,000,000
GRANT $417,000.00 $1,000,000
GRAVES $417,000.00 $1,000,000
GRAYSON $417,000.00 $1,000,000
GREEN $417,000.00 $1,000,000
GREENUP $417,000.00 $1,000,000
HANCOCK $417,000.00 $1,000,000
HARDIN $417,000.00 $1,000,000
HARLAN $417,000.00 $1,000,000
HARRISON $417,000.00 $1,000,000
HART $417,000.00 $1,000,000
HENDERSON $417,000.00 $1,000,000
HENRY $417,000.00 $1,000,000
HICKMAN $417,000.00 $1,000,000
HOPKINS $417,000.00 $1,000,000
JACKSON $417,000.00 $1,000,000
JEFFERSON $417,000.00 $1,000,000
JESSAMINE $417,000.00 $1,000,000
JOHNSON $417,000.00 $1,000,000
KENTON $417,000.00 $1,000,000
KNOTT $417,000.00 $1,000,000
KNOX $417,000.00 $1,000,000
LARUE $417,000.00 $1,000,000
LAUREL $417,000.00 $1,000,000
LAWRENCE $417,000.00 $1,000,000
LEE $417,000.00 $1,000,000
LESLIE $417,000.00 $1,000,000
LETCHER $417,000.00 $1,000,000
LEWIS $417,000.00 $1,000,000
LINCOLN $417,000.00 $1,000,000
LIVINGSTON $417,000.00 $1,000,000
LOGAN $417,000.00 $1,000,000
LYON $417,000.00 $1,000,000
MADISON $417,000.00 $1,000,000
MAGOFFIN $417,000.00 $1,000,000
MARION $417,000.00 $1,000,000
MARSHALL $417,000.00 $1,000,000
MARTIN $417,000.00 $1,000,000
MASON $417,000.00 $1,000,000
MCCRACKEN $417,000.00 $1,000,000
MCCREARY $417,000.00 $1,000,000
MCLEAN $417,000.00 $1,000,000
MEADE $417,000.00 $1,000,000
MENIFEE $417,000.00 $1,000,000
MERCER $417,000.00 $1,000,000
METCALFE $417,000.00 $1,000,000
MONROE $417,000.00 $1,000,000
MONTGOMERY $417,000.00 $1,000,000
MORGAN $417,000.00 $1,000,000
MUHLENBERG $417,000.00 $1,000,000
NELSON $417,000.00 $1,000,000
NICHOLAS $417,000.00 $1,000,000
OHIO $417,000.00 $1,000,000
OLDHAM $417,000.00 $1,000,000
OWEN $417,000.00 $1,000,000
OWSLEY $417,000.00 $1,000,000
PENDLETON $417,000.00 $1,000,000
PERRY $417,000.00 $1,000,000
PIKE $417,000.00 $1,000,000
POWELL $417,000.00 $1,000,000
PULASKI $417,000.00 $1,000,000
ROBERTSON $417,000.00 $1,000,000
ROCKCASTLE $417,000.00 $1,000,000
ROWAN $417,000.00 $1,000,000
RUSSELL $417,000.00 $1,000,000
SCOTT $417,000.00 $1,000,000
SHELBY $417,000.00 $1,000,000
SIMPSON $417,000.00 $1,000,000
SPENCER $417,000.00 $1,000,000
TAYLOR $417,000.00 $1,000,000
TODD $417,000.00 $1,000,000
TRIGG $417,000.00 $1,000,000
TRIMBLE $417,000.00 $1,000,000
UNION $417,000.00 $1,000,000
WARREN $417,000.00 $1,000,000
WASHINGTON $417,000.00 $1,000,000
WAYNE $417,000.00 $1,000,000
WEBSTER $417,000.00 $1,000,000
WHITLEY $417,000.00 $1,000,000
WOLFE $417,000.00 $1,000,000

NOTE: For all counties other than those listed below, the 2011 limit is $417,000.

Nation’s #1 dedicated VA lender celebrates opening in Elizabethtown, KY | Business | Hardin/Meade Counties News

Nation’s #1 dedicated VA lender celebrates opening in Elizabethtown, KY | Business | Hardin/Meade Counties News.

Eligibility for the Louisville Kentucky VA Home Loan Program

Eligibility for the Louisville Kentucky VA Home Loan Program.

via Eligibility for the Louisville Kentucky VA Home Loan Program.

Certificate of EligibilityEligibility and tagged ,, byLouisville Kentucky Mortgage