Can you do a Kentucky VA Cashout Refinance Mortgage Loan Up to 100% of the home’s value?

Does VA allows 100% equity  Cash-Out on Refinances for Kentucky VA Mortgages?

Yes is the simple answer, but a lot of VA lenders will only go to 90%, so be careful shopping out there for quotes and qualifying info.

VA allows Kentucky VA Mortgage holders and veterans to finance 100% of the purchase price of a home, but they also allow Kentucky VA Mortgage veterans to take cash-out up to 100% of the value of their home! You are still subject to the funding fee unless disabled, and the cash out maybe limited in hand depending on your credit score.

  • Cash-Out Refinance up to 100% .Higher Credit Scores may be needed to get cash in hand after paying off existing mortgage. Subject to debt to income limits and acceptable appraisal. VA termite required again.
  • Min FICO 620 with no bankruptcies or foreclosure last 2 years
  • Max Loan Amount subject to VA County Loan Limits
  • 0 x 30 days on mortgage in last 12 months
  • Can pay off existing VA, FHA or conventional mortgage (Note there MUST BE an existing lien against the property)
  • Must be first lien and owner occupied by the Veteran applicant. (Note: Property may NOT be owned free & clear)
  • Owner-occupancy cert is required
  • Properties listed for sale in the previous 6 months, prior to the date of the application (& appraisal) are not eligible

41a1e-photo17eepgr0b09ac

Joel Lobb (NMLS#57916)
Senior  Loan Officer
Text or Call 502-905-3708 cell
kentuckyloan@gmail.com
http://www.mylouisvillekentuckymortgage.com/


This web site is not the FHA, VA, USDA, HUD or any other government organization responsible for managing, insuring, regulating or issuing residential mortgage loans.
All approvals and rates are not guaranteed, and are only issued based on standard mortgage qualifying guidelines

Kentucky VA Mortgage Guidelines for 2016

Featured

In today’s market, VA home loans outrank all other financing options

In today’s market, VA home loans outrank all other financing options.

via In today’s market, VA home loans outrank all other financing options.

What You Need To Know About A Mortgage… BEFORE You Get One!!!

What You Need To Know About A Mortgage… BEFORE You Get One!!!.

via What You Need To Know About A Mortgage… BEFORE You Get One!!!.

Kentucky VA Funding Fee info for 2013 Mortgage Loans

Kentucky VA Funding Fee info for 2013 Mortgage Loans.

via Kentucky VA Funding Fee info for 2013 Mortgage Loans.

Kentucky VA Loan Limits for 2013

Kentucky VA Loan Limits for 2013.

via Kentucky VA Loan Limits for 2013.

Kentucky VA Loans

Kentucky VA Loans.

via Kentucky VA Loans.

via Kentucky VA Loans.

VA Home Loan Advantages

VA Home Loan Advantages.

via VA Home Loan Advantages.

Buying a Home with the VA Loan Program – VA Home Loan Purchase

Buying a Home with the VA Loan Program – VA Home Loan Purchase.

via Buying a Home with the VA Loan Program – VA Home Loan Purchase.

Louisville Kentucky mortgage rates

English: The Kentucky Center in Downtown Louis...

English: The Kentucky Center in Downtown Louisville. The Kentucky Center for the Performing Arts. Français : Kentucky Center. Le Kentucky Center for the Performing Arts. (Photo credit: Wikipedia)

Louisville Kentucky mortgage rates.

via Louisville Kentucky mortgage rates.