VA Home Loans Kentucky

2 thoughts on “Kentucky VA Loan Overview”

  1. Pingback: Do bad debt or collections have to be paid off to get a VA loan approval in Kentucky | Kentucky First Time Home Buyer Loan Programs for FHA, VA, KHC, USDA, RHS, Fannie Mae Home Mortgage Loans in Kentucky for 2018

  2. Here are VA Credit Requirements:

    VA does not have a mandatory minimum credit score requirement
    VA lets the lender to set the minimum credit score requirement
    Most lenders who are approved with the VA to originate and close on VA Loans have Lender Overlays on Credit Scores on VA Loans
    Lender Overlays are the individual lender’s requirement which is above and beyond of those of the Department of Veteran Affairs
    Most lenders will set lender overlays on credit scores at 620 to 640

    VA does not have a maximum debt to income ratio requirement

    Qualifying For VA Home Loans After Bankruptcy And Housing Event

    2 year waiting period to qualify for a VA mortgage loan after a Chapter 7 Bankruptcy
    2 year waiting period after housing event:
    Date of prior short sale date
    Recorded dates of foreclosure and/or deed in lieu of foreclosure
    If you have deferred student loans that are deferred for at least 12 or more months, it will be exempt from from debt to income ratio calculations
    Again, VA Loans are one of the most easiest mortgage loan programs to qualify for. However, not all can qualify for VA Loans. Only the men and women who have served in the United States Armed Services with a valid Certificate of Eligibility can qualify for this great loan program.

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