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Have Questions or Need Expert Advice? Text, email, or call me below:
Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916
email: kentuckyloan@gmail.com
Text/call: 502-905-3708
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I specialize in Kentucky First Time Homebuyers FHA, VA, USDA & Rural Housing, KHC and Fannie Mae mortgage loans. I have helped over 1300 Kentucky families buy their first home or refinance their current mortgage for a lower payment; Kentucky First time buyers we still how available down payment assistance with KHC. Free Mortgage applications/ same day approvals. Web site is not endorsed by the FHA, VA, USDA govt agency. Text/call 502-905-3708 kentuckyloan@gmail.com NMLS 57916 NMLS 1738461
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Have Questions or Need Expert Advice? Text, email, or call me below:
Are you a veteran or active-duty service member in Kentucky looking to buy a home? VA mortgage loans could be your key to homeownership. In this guide, we'll explore everything you need to know about VA loans in the Bluegrass State.
VA loans are mortgage options backed by the U.S. Department of Veterans Affairs. These loans offer numerous benefits to eligible veterans, active-duty service members, and certain military spouses.
To qualify for a VA loan in Kentucky, you must:
While the VA doesn't set a minimum credit score, most lenders in Kentucky typically look for a score of at least 580. However, some may accept lower scores, especially if you have a strong overall financial profile.
Lenders generally prefer to see:
If you've used your VA loan benefit before, you may still be eligible for another VA loan through second-tier entitlement. This allows you to:
After a bankruptcy or foreclosure, waiting periods typically apply:
The VA prefers a DTI of 41% or less or manually underwritten loans, but lenders may accept higher ratios with compensating factors such as excellent credit or substantial assets.
Kentucky's housing market offers great opportunities for VA loan users. With a mix of urban areas like Louisville and Lexington, and beautiful rural regions, there's something for everyone. The median home price in Kentucky is often below the national average, making it an attractive market for VA loan recipients.
As of 2024, there are no VA loan limits for borrowers with full entitlement. This means you can borrow as much as a lender is willing to lend without a down payment, subject to your income and credit qualifications.
A VA-approved appraiser must assess the property to ensure it:
In Kentucky, a termite inspection is required for all VA loans unless:
The seller usually pays for the termite inspection in Kentucky.
The average time to close a VA loan in Kentucky is 30- 45days, slightly longer than conventional loans. This extra time accounts for the VA appraisal process and additional paperwork.
Several issues can delay or prevent a VA loan from closing:
VA mortgage loans offer an excellent opportunity for Kentucky's veterans and active-duty service members to achieve homeownership. With benefits like no down payment, competitive rates, and no PMI, these loans can make your dream of owning a home in the Bluegrass State a reality. Understanding the requirements and potential pitfalls can help ensure a smooth loan process.
Are you ready to start your VA loan journey in Kentucky? Look no further than Joel Lobb, your local VA loan specialist.
Joel Lobb brings a unique blend of military experience and mortgage expertise to serve Kentucky's veterans:
My wife and I have struggled most of our lives with poor choices in marriage or in what I will call lifestyle choices but the one thing that we had to do on our own, and that was to just pay my bills on time and believe it or not that wasn't as easy as one might think. I went through a lot of different banks and/or loan officers,or bank reps. Then thru my researching came across Joel,Jeana and I still believe that God the Father lead us to Joel. You see I'm on a fixed income and was barely able to get from month to month. W ith no money down and on a very short time limit Joel was to get us into home that more than met our needs. It met our wants as well needs and our is more than 2X the size of the house we were renting, And 4X the size of the outside of the house we were renting. And for only $160.oo more a month than what we were paying in rent. A lot of people said it couldn't be done even people in tha thefield . What I know is that Joel Lobb worked extra hard and longer hours to achieve my wife and I's dreams even though we had a lifetime of adverseties I don't think of myself as being special. I do however believe that Mr.Lobb worked as hard for me as he does for any of his other clients. He was always transparent and tanaitous in his work ethics. So in my experiences with people in general I think it would be a good idea to give Joel and the mortgage company he represents a serious try.
Don't wait to start your journey to homeownership with a VA Mortgage. Contact Joel Lobb now:
👇Joel is ready to answer your questions, address your concerns, and guide you through the entire VA loan process. With his expertise, you can confidently take the next step towards owning your home in Kentucky.
Schedule your free VA loan consultation with Joel Lobb today and take the first step towards your new home!
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When it comes to securing a home loan, having a knowledgeable and reliable mortgage broker by your side is crucial. Joel Lobb has been serving the Kentucky community for over 20 years, assisting countless families in achieving their dream of homeownership. Let’s take a closer look at what makes Joel stand out in the mortgage industry.
Joel specializes in a variety of mortgage programs, catering to the unique needs of Kentucky residents:
FHA Loans: As an expert in Federal Housing Administration (FHA) loans, Joel helps first-time homebuyers and others qualify for affordable financing.
VA Loans: Veterans and active-duty military personnel can benefit from VA loans, which offer favorable terms and low or no down payment options.
USDA & Rural Housing Loans: For those living in rural areas, Joel assists with USDA and Rural Housing loans, making homeownership accessible even in less densely populated regions.
KHC Loans: The Kentucky Housing Corporation (KHC) provides down payment assistance, and Joel guides buyers through the process.
Conventional Loans: Whether you’re a first-time buyer or looking to refinance, Joel offers conventional loan options tailored to your financial situation.
Personalized Attention: Unlike mega banks, where borrowers can feel like mere numbers, Joel treats each client as an individual. He listens to your needs, answers your questions, and ensures a smooth loan process.
Access to Multiple Lenders: Joel has access to over 10 different mortgage companies across the country. This advantage allows him to search and negotiate for the best loan options, considering credit, income, and other factors.
Transparent and Honest: Joel delivers on his promises. You can trust him to provide straightforward information and guide you through every step of the mortgage journey.
8 reviews • 0 photos
My husband and I before we met Joel was at 3 realtors and 3 mortgage companies….with no movement. My parents referred us to Joel and the rest was history. From the very beginning we explained where we were with home buying. He took it and ran with it. He made sure we got into a home.
Such an easy process full of communication and open door when it came to any question we had since this was our first time home buying. I recommend Joel to anyone! He will get you in a home as well as making sure your home loan is fit for you!
Very dedicated and even after the closing he will still be there to communicate and follow you through this journey if any questions arise!
3 reviews • 0 photos
Joel and his colleagues were an immense help in getting me pre-approved and approved for a home loan. Professional and thorough group of people and my experience could not have been easier. Highly recommend.
4 reviews • 0 photos
Joel and Dawn have been really great through the home buying process. They were prompt in getting back to me whenever I had questions. I would definitely recommend them when purchasing a home.
5 reviews • 2 photos
Many thanks to Joel for his help throughout our homebuying process. He is a dedicated partner to his clients and does… View full review
Joel & Dawn!… View full review
3 reviews • 0 photos
Joel and Dawn are amazing to work with! Went above and beyond to make buying my first home an incredibly easy and… View full review
2 reviews • 0 photos
Joel went out of his way and was a real advocate for us to get our little hobby farm and home. There was a lot of… View full review
1 review • 0 photos
Absolutely the best experience buying my home. Everyone else turned me away. I done a google search for lenders and… View full review
2 reviews • 0 photos
Joel was amazing in helping us get into our dream home. No matter what my question was, no matter the time, he was there ready to help. I wouldn’t recommend anyone better to help!
I stumbled across Joel online while reaching different types of home loans, I read the reviews and decided to text him… View full review
Local Guide • 66 reviews • 6 photos
I have used Joel on several occasions for closing a mortgage as well as referred him to friends and family. He is… View full review
1 review • 0 photos
Joel was outstanding! He made the process easy and stress free. He constantly kept us up to date on developments and… View full review
Joel
1 review • 0 photos
Absolutely Amazing!! I emailed Joel after I had just got a denial from a bank and just thought i would try to get some… View full review
Whether you’re a first-time buyer, refinancing, or exploring down payment assistance, Joel Lobb is here to guide you toward your homeownership goals. Reach out today and experience personalized service from a trusted mortgage professional12.