Guide to Kentucky VA Loans


Guide to Kentucky VA Loans

Kentucky VA Mortgage Home Lender

Guide to Kentucky VA Loans

Requirements for Kentucky VA Loan Approval

To get a Kentucky VA loan, the law requires that:

  • You must be an eligible veteran who has available home loan entitlement (except in the case of an interest rate reduction refinancing loan);
  • The loan must be for an eligible purpose;
  • You must occupy or intend to occupy the property as your home within a reasonable period of time after closing the loan;
  • You must have enough income to meet the new mortgage payments on the loan, cover the costs of owning a home, take care of other obligations and expenses, and still have enough income left over for family support (a spouse’s income is considered in the same manner as the veteran’s); and
  • You must have a good credit record.

THE GUARANTY

VA guaranteed loans are made by private lenders such as banks, savings and loan…

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