Saturday, August 24, 2013

Kentucky VA Funding Fee info for 2013 Mortgage Loans

Kentucky VA Funding Fee info for 2013 Mortgage Loans




Funding FEEFunding Fee may be waived for disabled veterans.
Purchase Loans
Type of VeteranDown PaymentPercentage for 1sttime usePercentage for subsequent use
Regular Military<5%
>5% but <10%
10% or more
2.15%
1.50%
1.25%
3.30%
1.50%
1.25%
Reserves/
National
Guard
<5%
>5% but <10%
10% or more
2.40%
1.75%
1.50%
3.30%
1.75%
1.50%
Rate/Term and Cash-Out Refinancing Loans
Type of VeteranPercentage
For 1st time use
Percentage for subsequent use
Regular Military2.15%3.30%
Reserves/National Guard2.40%3.30%
Interest Rate Reduction Refinance Loan (IRRRL)
Type of LoanPercentage for either type of Veteran whether 1st time or subsequent use
IRRRL.50%



Joel Lobb (NMLS#57916)
Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
kentuckyloan@gmail.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*

Louisville, KY 40222*