Kentucky VA guidelines for 100% VA Cash Out.
Maximum Loan Amount is limited to $417,000, inclusive of the Funding Fee.
Short Sale/Pre-Foreclosure sale: Minimum of 3 years must have elapsed.
Borrower is using gift funds to meet the minimum 25% guaranty requirement.
Payment Shock exceeds 65% of current housing payment.
Minimum FICO is 640.
Occupancy/Property Owner Occupied Primary Only.
Conforming loan amount primary 1-4 Unit.
Loan must be current at time of closing for the new loan.
No 30-day or greater mortgage lates in the most recent 12 months are permitted.