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Showing posts with the label 2 va loans
Every Kentucky Loan Type. One Local Expert.
Whether you’re buying your first home, using down payment assistance, or rebuilding credit — there’s a program that fits. Compare them side by side before you commit.

🏠 FHA Loan

The go-to for first-time buyers and 580+ credit. Low down payment and flexible guidelines.

3.5% down · 580+ creditLearn More →

🎖 VA Loan

Zero down and no monthly mortgage insurance for veterans and active-duty service members.

$0 down · VA eligibleLearn More →

🌾 USDA Loan

100% financing for eligible rural and suburban Kentucky buyers within income limits.

$0 down · USDA areasLearn More →

🏛 KHC Assistance

Kentucky Housing down payment assistance for first-time and repeat buyers.

Up to $12,500 assistanceLearn More →

📈 Conventional

Best long-term value for stronger credit. PMI cancels at 20% equity, unlike FHA.

3% down · 620+ creditLearn More →

💰 Zero Down Options

Every route to buying with nothing down in Kentucky — VA, USDA, and KHC combos.

$0 down programsLearn More →

🌟 First-Time Buyers

All Kentucky first-time homebuyer programs compared in plain English.

Programs & grantsLearn More →

📊 Credit Scores

What score you actually need for each loan type in 2026 — and how to raise yours.

By loan programLearn More →

Kentucky Mortgage Loan Programs | FHA, VA, USDA & Conventional Guide

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Understanding the Four Main Mortgage Loan Programs in Kentucky When buying a home in Kentucky, your mortgage will typically fall under one of four major loan programs: FHA, VA, USDA, or Conventional (Fannie Mae/Freddie Mac) . Each program offers unique benefits depending on your credit, income, military status, and location. Below is a streamlined breakdown to help you determine the best fit for your situation. Conventional Loan Minimum down payment: 3%–5% Minimum credit score: 620 (680+ for best pricing) Mortgage insurance can be removed at 80% equity Best for: buyers with strong credit & stable income Bankruptcy wait: 4–7 years Foreclosure wait: 7 years Closing costs can be lender-paid (higher rate) Kentucky USDA Rural Housing Loan 100% financing (0% down) Credit score: 640+ for automated GUS approval Mortgage insurance: .35% monthly, 1% upfront Manual underwriting ratio caps: 29% / 41% Property must be U...
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Getting a Kentucky Mortgage in 3 Simple Steps
No confusing paperwork trails. No surprise fees. A clear path from first call to keys in hand.
01

💬 Get Pre-Qualified

Free application review with same-day answers. We look at your credit, income, and goals — no cost, no obligation, no pressure.

02

📋 Compare Your Options

FHA vs. Conventional vs. USDA vs. KHC — run side by side with your actual numbers so you see the real payment before you commit.

03

🏠 Close & Get Your Keys

Guided from contract to closing — appraisal, title, and underwriting coordinated so you always know what happens next.

Watch: Kentucky Mortgage Guides
Straight answers from my YouTube channel — no jargon, no sales pitch.
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▶ More videos on my YouTube channel →
Joel Lobb and family - Kentucky mortgage loan officer
Kentucky Local. Not a Call Center.

Hi, I’m Joel Lobb — a Kentucky dad who’s spent 20+ years helping families across all 120 counties buy their first home. When you call, you get me — not a phone tree. Questions on a Saturday morning? I answer.

1,300+ Kentucky families have trusted me with their mortgage — from Louisville to Lexington to the smallest towns in the state. Free application reviews, same-day pre-approvals, and honest answers about what you actually qualify for.

See What You Qualify For →

KENTUCKY VA MORTGAGE LOAN INFORMATION

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COMMON KENTUCKY VA LOAN MYTHS FOR KENTUCKY VETERANS AND ACTIVE DUTY BORROWERS VA loans are difficult to qualify for. All VA loans require a down payment. VA loans require private mortgage insurance (PMI). You can't refinance a VA loan. You can only have one VA loan. You can use a VA loan once. VA loans are not assumable. You can't buy land with a VA loan. You can't build a house with a VA loan. VA loans only apply to the home purchase itself. Is it hard to qualify for a VA loan? Myth #1: Kentucky VA loans are difficult to qualify for. Fact:  VA loans have fewer credit restrictions compared to conventional loans. These reduced restrictions, like a higher debt-to-income (DTI) ratio and more leniency regarding credit scores, mean it can be easier to qualify. VA has no minimum credit score but lenders will have overlays with most being 620 and some going down to 580, with a few going all the way down to 500 but it is very difficult to get approved at this level --- though eac...
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Can you have 2 Kentucky VA Loans?

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A Kentucky Veteran Can Have Multiple VA Loans: In the most basic of terms, VA Second-Tier Entitlement gives a qualified military person the ability to have two KY VA mortgages out simultaneously. VA will allow a Kentucky Veteran to have multiple Kentucky  VA loans provided they meet the required GNMA 25 percent guaranty. Are you unsure of how to calculate the maximum loan amount for a Veteran based on their used entitlement? I am Kentucky Veteran myself and have done over 50 VA loans for past customers in Kentucky. I am here to help with your Kentucky VA mortgage questions! Click here and download an interactive, Kentucky Mortgage VA Entitlement and Loan Amount worksheet  to help you determine their Kentucky VA Home loan maximum loan amount. This worksheet also works great to determine the maximum loan amount for a Veteran when they are buying a home over their county loan limit. First let’s explain the difference between entitlement and maximum loan amount. E...
Location: 10602 Timberwood Cir #3, Louisville, KY 40223, USA
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Kentucky VA Home Loan Mortgage Lender: Understanding Your Kentucky VA Home Loan Benefits

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Louisville Kentucky VA Home Loan Mortgage Lender: Understanding Your Kentucky VA Home Loan Benefits Kentucky VA Home Loan Mortgage Lender: 👇👇👇👇👇👇👇 Is your credit score high enough for a  Kentucky VA Home Loan Approval? Usually, 620 or Higher is better for 2 reasons lower rate and less stipulations from the underwriter Do you have sufficient credit depth for a Kentucky VA Home Loan Approval? Generally, all on-time payments in the last 12 months. They like to see two-three paid on time  for the last 12 months Do you make enough money to cover all your debts, including the new Kentucky VA mortgage? Debts divided by your gross monthly income is lower than 50%. I have seen many exceptions to this with compensating factors. I have seen as high as 78% debt ratio get approved through the AUS if you have high credit scores (720 or higher, good residual income, a lot of assets, ie money in the bank, retirement, etc. -Do you have a high probability o...
Location: 10602 Timberwood Cir #3, Louisville, KY 40223, USA
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Louisville Kentucky VA Home Loan Mortgage Lender: Kentucky VA Mortgage Checklist Documents for Approval

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Louisville Kentucky VA Home Loan Mortgage Lender: Kentucky VA Mortgage Checklist Documents for Approval : Required for all Borrowers Pre-Approval Required Documents W-2’s (2 years) Drivers License Tax Returns (2 years) Bank Statements (2 months- ... Kentucky VA Mortgage Checklist Documents for Approval Required for all Borrowers Pre-Approval Required Documents W-2’s (2 years) Drivers License Tax Returns (2 years) Bank Statements (2 months- all accounts) Employed Borrowers (with a W-2) Paystubs (totally one month) Retirement Statement (most recent) *SSI Disability Requirement - SSI Reward Letter Self-Employed Borrowers (1099/Schedule C/Schedule S, etc.) Tax Returns (2 years; Personal and business with statements and schedules) Retirement Statement (most recent) *SSI Disability Requirement - SSI Reward Letter Veteran (VA) Borrowers Pension Reward letter Social Security Reward Letter Social Security Card Retired Borrowers Social Security Reward Letter & 1099 2 years W-2’s (where appli...
Location: 10602 Timberwood Cir #3, Louisville, KY 40223, USA
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How to apply for a Kentucky VA Home Loan?

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Kentucky VA guaranteed home loans benefit veterans because they do not need to make a down payment and there is no upper limit or required cap on the income of the borrower.  Without a down payment as security against foreclosure, lenders receive a certificate of guaranty from VA.   In essence, as gratitude for honorable military service, the government is vouching for the veteran's trustworthiness to repay his/her debt.   To determine eligibility, a military veteran, active duty person, or a member of the national guard or selected reserves, must submit a  VA Form 26-1880  (2 pages) (Form is now in a FILLABLE format - but people with Adobe 5.0 seem to have trouble with it)  along with proof of service (DD Form 214, a statement of active duty, or proof of participation in the national guard or reserves) to the  VA Eligibility Center , P.O. Box 100034, Attn. COE (@^@), Decatur, GA 30331.   Based on the applicant's length and...
Location: 10602 Timberwood Cir #3, Louisville, KY 40223, USA
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Louisville Kentucky VA Home Loan Mortgage Lender: Tips on getting a Kentucky VA Mortgage Guidelines ...

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Louisville Kentucky VA Home Loan Mortgage Lender: Tips on getting a Kentucky VA Mortgage Guidelines ... : Getting  your Louisville  Kentucky VA  Loan  Approval Run a 25-year loan if you are not getting an approval with a 30-year. Even with higher... Run a 25-year loan if you are not getting an approval with a 30-year. Even with higher ratios, 25-year loans are considered lower risk and can be key to getting an Approve Eligible • You can do a VA IRRRL on a property that the veteran no longer lives in • Payoff debts at closing with seller concessions. When writing the offer, this information goes in the “under additional provisions or other terms” section • No seasoning requirement for being added to the title (No flip rule) • Only type of loan where an SAR Underwriter can adjust the value after a secondary review in Tidewater with a request from the borrower. That gives us two chances to increase the value if it comes in under. • You can have more than one at the same...
Location: 10602 Timberwood Cir #3, Louisville, KY 40223, USA
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