Monday, January 13, 2014

VA Minimum Guaranty for Kentucky VA Mortgage Loans

In general, maximum guaranty from entitlement, assuming the veteran has full entitlement, is as shown in the table below. Loan Amount Maximum Potential Guaranty Special Provisions
Up to $45,000 50 percent of the loan amount. Minimum guaranty of 25 percent on IRRRLs.
$45,001 to $56,250 $22,500 Minimum guaranty of 25 percent on IRRRLs.
$56,251 to $144,000 40 percent of the loan amount, with a maximum of $36,000. Minimum guaranty of 25 percent on IRRRLs.
$144,001 to $417,000 25 percent of the loan amount Minimum guaranty of 25 percent on IRRRLs.
Greater than $417,000 The lesser of:
25 percent of the VA county
loan limit, or
25 percent of the loan amount
Minimum guaranty of 25 percent on IRRRLs



VA Minimum Guaranty for Kentucky VA Mortgage Loans
 
• Must have a minimum 25% guaranty.

• Guaranty may be from VA Entitlement or VA Entitlement plus cash down payment/equity in the property.