Military Home Loan also known as a VA Loan
A military home loan Florida mortgage loan (also known as a Veterans Administration home loan or VA Loan is one of the useful military benefits. If you qualify for a VA Loan, you can buy a home or build the home of your dreams with no money down.
You can also cash our refinance or cash out refinance an existing mortgage, with as little as zero down, better than current rates, and financing up to $726,200 (2023 limit) – higher limits if you live in certain high-cost areas like Prince Georges County Maryland, certain area of San Francisco, New York City and other high cost areas nationally.
Another great VA loan benefit is that there is no PMI (Private Mortgage Insurance, the monthly insurance fee charged to protect the bank until you reach at least 20 percent equity) same as required by other FHA and conventional loans.
Requirements for a military home loan: FICO score of 580 or better! Send a copy of your DD-214 and/or COE (we are able to order these as well). Fill out a 1003 application by clicking below and we will qualify and contact you.