How VA loans work in Kentucky

If you’ve served in the military and are looking to buy a home in Cadiz, KY or anywhere in Western Kentucky, a VA home loan might be the best mortgage option available to you. Backed by the U.S. Department of Veterans Affairs, VA loans offer qualified veterans and active-duty service members a powerful path to homeownership — often with zero down payment and no private mortgage insurance (PMI).



At Quality Home Mortgage, we’re honored to serve those who’ve served our country. In this guide, we’ll break down how VA loans work, who qualifies, and why they’re one of the most affordable loan options available.

What Is a VA Loan?

A VA loan is a government-backed mortgage that helps eligible veterans, active-duty military members, and surviving spouses buy, refinance, or build a home. Since the VA guarantees a portion of the loan, lenders can offer more favorable terms, including 100% financing.

Key Benefits of VA Loans

1. No Down Payment

One of the biggest advantages — VA loans allow 100% financing, meaning no down payment is required for eligible buyers.

2. No PMI (Private Mortgage Insurance)

Unlike FHA and conventional loans, VA loans don’t require PMI, which saves borrowers hundreds of dollars per month.

3. Competitive Interest Rates

Because the VA backs the loan, lenders offer lower rates than many other mortgage types.

4. Flexible Credit Requirements

While credit standards vary by lender, VA loans are generally more forgiving than conventional loans — even if your score is in the low 600s.

5. Limited Closing Costs

The VA limits how much borrowers can be charged in closing fees, which helps keep upfront costs manageable.

Who Is Eligible for a VA Loan?

You may qualify for a VA loan if you meet at least one of the following:

• Served 90 consecutive days during wartime
  
  
• Served 181 consecutive days during peacetime
  
  
• Served 6+ years in the National Guard or Reserves
  
  
• Are a surviving spouse of a veteran who died in service or from a service-connected disability
  
  

You’ll need a Certificate of Eligibility (COE) to apply — we’ll help you request it if you don’t already have one.

Real Example – VA Buyer in Trigg County

“As a veteran, I didn’t realize how much I could save with a VA loan. Hiler and her team at Quality Home Mortgage explained every step and helped me buy my first home with no money down. I’m beyond grateful.”
— Verified Buyer, Cadiz KY

 VA Loan Property Requirements

The home you’re buying with a VA loan must:

• Be your primary residence
  
  
• Be in livable condition (no major safety or structural issues)
  
  
• Pass a VA appraisal, which confirms the value and condition of the home
  
  

Unlike USDA loans, VA loans are not limited by location, so you can use them anywhere in Kentucky — city, suburb, or rural area.

How the VA Loan Process Works

Step 1: Confirm Eligibility

We’ll help you request your Certificate of Eligibility (COE) from the VA to confirm your service record qualifies.

Step 2: Get Pre-Approved

We’ll review your credit, income, and financials to issue a VA loan pre-approval letter — this shows sellers you’re a serious buyer.

Step 3: Shop for Homes

Work with a local agent (we can recommend one!) to find a property that meets VA guidelines and your lifestyle needs.

Step 4: Submit Your Loan & Close

We’ll handle the application, appraisal, underwriting, and closing details — ensuring everything runs smoothly through closing day.

Can You Reuse a VA Loan?

Yes! Many veterans don’t realize that VA loans are reusable. As long as your entitlement is restored or partially available, you can:

• Buy again after selling a previous VA-financed home
  
  
• Use the VA loan for your next primary residence
  
  
• Apply for a VA Streamline Refinance (IRRRL) to lower your current rate
  
  

We’ll help you determine your available entitlement and walk you through the options.

FAQs – VA Loans in Kentucky

Is there a maximum loan amount for VA loans?

Technically, there’s no cap — but lenders may set internal limits. In most cases, you can borrow up to $766,550 (as of 2025) without a down payment, depending on your entitlement.

Can I buy a fixer-upper with a VA loan?

The property must meet minimum property standards, so major repairs may disqualify it. Ask us about renovation loan options.

Are VA loans only for first-time buyers?

No — you can use your VA benefit multiple times, as long as you meet eligibility and entitlement guidelines.

How long does it take to close a VA loan?

VA loans typically close in 30–45 days, similar to other loan types. We keep the process efficient and transparent.

Why Work with Quality Home Mortgage?

We’ve helped many veterans and military families in Cadiz, Trigg County, and beyond become homeowners. Here's what you can expect with us:

• Local expertise with VA loan requirements
  
  
• Fast COE and pre-approval support
  
  
• Clear answers and no-pressure guidance
  
  
• Seamless coordination from start to finish
  
  

📍 63 Lakota Drive, Suite D, Cadiz, KY 42211
📞 (270) 522-0700
📧 qualityhomemortg@bellsouth.net
🕒 Mon–Fri: 10:00 AM – 4:00 PM

Call us today to get pre-approved for a VA loan — and take full advantage of the benefits you’ve earned.