2017 Kentucky VA LOAN LIMITS

There actually is no max Kentucky VA loan Limits set by VA. However, if you go over the standard VA Max County Loan Limits, in Kentucky this year it is set at $424,000, then you would need to come up with difference in the form of the down payment by taking the Sales price, minus the max va loan limits for County, then take 25% of that for your max loan. The fact is there’s actually no maximum loan amount on a VA loan. What those loan limits represent is how much a qualified military borrower can obtain without making a down payment.

Here’s an example. Let’s say you have full VA loan entitlement and the county in which you’re purchasing has the standard $424,100. The home you want to purchase is $650,000. There’s a $225,900  difference between the two, and one quarter of that is $56,475, which is how much the borrower would need as a down payment.

This is based on your maximum VA entitlement of $36,000  not being used.

 

15941068_1445730248791607_1217965442086394605_n

 

 

December 6, 2016
 
2017 KENTUCKY VA LOAN LIMITS
VA has announced loan limit changes for the year 2017. The base limit will be increased to $424,100 for 2017 for all Kentucky VA Home Loans.  This limit applies to the loan amount for KY VA loans with no down payment and with full entitlement of $36,000
These new Kentucky VA loan limits will be effective for loans closing on or after January 1, 2017.
Revised Loan limits (for counties in excess of $424,100) by county/state for 2017 can be found online at: http://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/FullCountyLoanLimitList2017_HERA-BASED_FINAL.PDF
In addition, for comparison, the prior year limits (for counties previously in excess of $417,000) are available at: http://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/FullCountyLoanLimitList2016_HERA-BASED_FINAL.pdf

 

YES – You CAN Buy a Home OVER $417,000 with a VA Mortgage Loan

KY VA Home loans are zero down payment up to $417,000.  If you wish you buy a more expensive home with a VA loan, you will need a small down payment.

The exact formula to determined the VA down payment is a bit more complicated, but the simple quick math is you’ll need about 25% of the difference between the purchase price, and $417,000.

So if you were to buy a $517,000 home. There is a $100,000 difference over the zero down maximum $417,000 loan. Therefore you’ll need a down payment of about $25,000.

 

Joel Lobb
Senior  Loan Officer
(NMLS#57916)
text or call my phone: (502) 905-3708
email me at kentuckyloan@gmail.com
The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people. NMLS ID# 57916, (www.nmlsconsumeraccess.org). Mortgage loans only offered in Kentucky.
All loans and lines are subject to credit approval, verification, and collateral evaluation and are originated by lender. Products and interest rates are subject to change without notice. Manufactured and mobile homes are not eligible as collateral.

2013 Kentucky VA Loan Limits for counties

Featured

imagescawskepf1

2013 Kentucky VA Loan Limits for counties


51Rx21fxqzL__SL160_

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
MCCRACKEN $417,000.00 $1,000,000
MCCREARY $417,000.00 $1,000,000
MCLEAN $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
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
WOODFORD $417,000.00 $1,000,000
Joel Lobb (NMLS#57916) Senior Loan Officer 502-905-3708 cell 502-813-2795 fax jlobb@keyfinllc.com Key Financial Mortgage Co. (NMLS #1800)* 107 South Hurstbourne Parkway* Louisville, KY 40222* http://mylouisvillekentuckymortgage.com
Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.com

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

applynow

2012 VA Loan Limits for Kentucky Counties

Featured

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