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Kentucky VA Home Loan Lender
|Category A: Veterans, Active Duty, and Reservists/National Guard Members Who Have Served on Active Duty|
You can get a Certificate of Eligibility in any of three ways:
1. Apply online. Go to the Veterans Information Portal (http://vip.vba.va.gov) and click on User Registration. Click Here for user instructions for applying online.
2. Apply through us. In many cases, we can obtain a Certificate online in minutes. Check the table below entitled, “Evidence Needed for the Certificate of Eligibility.”
3. Apply by mail. Use VA Form 26-1880. Return it to the address shown on the form. If you can’t print the form, just call 1-888-244-6711 and follow the prompts for Eligibility.
Evidence Needed for the Certificate of Eligibility:
|If you are:||You need to submit:|
(Includes a member or former member of the National Guard or Reserves who was once activated for Federal Service)
|DD Form 214; We are required to have a copy showing the character of service (item 24) and the narrative reason for separation (item 28).|
|Active Duty Servicemember||A current statement of service signed by (or by the direction of): the adjutant, personnel office, or commander of the unit or higher headquarters showing:|
Your full name
Social Security Number
Date of birth
Entry date on active duty
The duration of any lost time
The name of the command providing the information
Kentucky VA Home Purchase Loan Guidelines with lenders
Current low interest rates, 3.625% 30 year fixed rate loan with 4.897% APR on a Kentucky VA purchase loans are a winning combination to help you buy a home. Kentucky VA loans offer great features such as no money down and credit scores as low as 580. Competitive rates and no mortgage insurance premiums may mean lower monthly payments than conventional loans.
Senior Loan Officer
Company ID #1364 | MB73346
|Residual Income for a Kentucky VA Loan Approval|
|Residual income is the amount of income remaining after housing expenses, income taxes, long-term obligations and other expenses have been deducted from the borrower’s total gross pay. VA requires a specific amount of monthly residual income be available for the borrower’s use. This amount is based on the family size, location of the property and loan amount.|