Monday, September 30, 2013

Kentucky VA Loans Cash Out Requirements on a VA refinance

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Kentucky VA Mortgage Loan Full Documentation Cash-Out:
  • Primary Residence Only
  • Maximum 95% LTV (plus funding fee). Includes debt consolidation and cash in hand
  • Maximum 100% LTV (plus funding fee) permitted when solely used to pay off existing liens on subject property - not to exceed $500 cash-back to borrower at closing
  • A 620 minimum credit score is required for all Cash-Out transactions exceeding 90% LTV (plus funding fee)

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