Florida Veterans VA Home Mortgage Loans & Refinancing

Apply for a Florida VA Veterans Home Mortgage Loan or call us at 808-357-5326

Florida VA Home Mortgage Loan-Veterans Administration guaranteed home loans:

The Florida VA home loan program is a great program with many benefits.

If you 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.

• No money down 100% financing available for veterans.
• No private mortgage insurance (PMI) needed
• You do not have your income qualify
• Nontraditional credit history is considered
• You can make a prepayment of the loan without penalty.
• Seller may contribute up to 6% toward the closing costs.
• Veteran must have certificate of eligibility from the Veterans Administration

Florida 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 terms.

There is 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.

1. Select a home and discuss the purchase with the seller or selling agent. Sign a purchase contract conditioned on approval of your VA home loan.
2. Call us and present us with your Certificate of Eligibility and complete a loan application.
3. We 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.
4. 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.
5. You (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.
6. The loan is sent to Veterans Administraton for guaranty. Your Certificate of Eligibility is annotated to reflect the use of entitlement and returned to you.

In addition 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.

• Get a lower interest rate
• No appraisal required.
• No income or credit check to qualify
• Cash out is okay!
• Don't need to pay up front

As professionals 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