Veterans VA Home Mortgage Loans & Refinancing
Apply for a
Florida VA Veterans Home Mortgage Loan or call us
Florida VA Home
Mortgage Loan-Veterans Administration guaranteed home loans:
VA home loan program is a great program with many
have served or are currently serving our country,
a Florida VA home mortgage loan a is perfect way to
make a purchase with no down payment.
money down 100% financing available for veterans.
private mortgage insurance (PMI) needed
do not have your income qualify
credit history is considered
can make a prepayment of the loan without penalty.
may contribute up to 6% toward the closing costs.
must have certificate of eligibility from the Veterans
VA loans are made by private lenders, such as banks,
savings & loans, or mortgage companies to eligible
veterans for the purchase of a home which must be
for their own personal occupancy. The guaranty means
the lender is protected against loss if you or a later
owner fail to repay the loan. The guaranty replaces
the protection the lender normally receives by requiring
a down payment allowing you to obtain favorable financing
no maximum to a VA loan but lenders will generally
limit VA loans to $417,000. This is because lenders
sell VA loans in the secondary market, which currently
places a $417,000 limit on the loans. For loans up
to $417,000, it is usually possible for qualified
veterans to obtain no down payment financing.
a home and discuss the purchase with the seller
or selling agent. Sign a purchase contract conditioned
on approval of your VA home loan.
us and present us with your Certificate of Eligibility
and complete a loan application.
will develop all credit and income information.
We will also request Veterans Administration to
assign a licensed appraiser to determine the reasonable
value for the property. A Certificate of Reasonable
Value will be issued. Note: You may be required
to pay for the credit report and appraisal unless
the seller agrees to pay.
We will let you know the decision on the loan. You
should be approved if the established value and
your credit and income are acceptable.
(and spouse) attend the loan closing. We or closing
attorney will explain the loan terms and requirements
as well as where and how to make the monthly payments.
Sign the note, mortgage, and other related papers.
loan is sent to Veterans Administraton for guaranty.
Your Certificate of Eligibility is annotated to
reflect the use of entitlement and returned to you.
to the benefits found in above, the Veterans also
have some great refinancing options.The Interest Rate
Reduction Loan (IRRL) makes refinancing your VA loan
easy and affordable.
a lower interest rate
income or credit check to qualify
out is okay!
need to pay up front
in the mortgage lending industry, we've built our
reputation on providing outstanding service to our
clients. This means you can count on us to always
look out for your best interests, and to keep you
informed throughout every step of the lending process.
Customer satisfaction is the cornerstone of our business.
We have cut out the middle man and the large corporate
overhead to bring you the best possible rates and
lowest fees. Please do not hesitate to call if you
have questions about the information you find here
on our web site