VA Home Loan – Key West Florida

Advantages of a Key West, FL VA Home Loan

The VA does not require a minimum credit score, although lenders usually have some requirements to minimize their risk. But because this is a benefits program, Key West mortgage guidelines are often more flexible than they would be for conventional loans.

You can even apply for a Key West, Florida VA loan just two years after a bankruptcy has been discharged. A full explanation of the bankruptcy will be required. Job stability is a must in this situation. It is also possible to apply for a VA loan in Key West, FL just two years after a foreclosure.

Since Key West VA loans are backed by the government, lenders can often offer lower rates than they would be able to for a traditional loan. Eligible service members in Key West will generally pay a better interest rate with a Key West VA loan than they would have with a conventional mortgage. This means that you can get a better home for the same monthly payment than you would have been able to without the Key West VA loan program.

Rates for VA loans in Key West are not set by the Department of Veterans Affairs, despite popular belief. Key West, FL VA-approved lenders and brokers set their own rates, often on a daily basis. Key West VA loan rates change with the financial market just as rates for conventional mortgages do.

Key West VA Mortgage Application

To apply for a VA home loan in Key West click here!

Key West home buyer closing costs assistance. If you purchase a home in Key West, VA home Loan Centers may be able to provide closing cost assistance. Call 800-826-5077 option 0 to speak with a home loan specialist.

Veterans in Monroe County

Monroe County has a veteran population of 7,700. The County maintains three Veterans Affairs Department offices, all in the Keys. These offices guide veterans and active duty service members access the federal benefits that they are entitled to. Among these entitlements are transportation to the Miami VA Medical Center, burial allowances, and benefits for surviving spouses, educational benefits, insurance claims and appeals of social security. The Veterans Affairs Department has a mission of enhancing the quality of life for veterans, surviving spouses and dependents through claims, benefits, and entitlement guidance. Additional help with claims can be received at the Key West Coast and NAS Key West, both of which operate as intake sites for pre-discharge claims assistance. The Key Largo Vet Center Outstation serves as a readjustment counseling center. This site holds hours Monday thru Friday from 8:00 a.m. to 4:30 p.m.

Veterans and active military members are provided with health and wellness services at the VA outpatient clinics in Key West and Key Largo. The Key Largo Community Based Outpatient Clinic offers primary care, immunizations high blood pressure treatment, lab work, and psychiatric services. In order to schedule an appointment at this clinic, pre-registration with the Miami VA Healthcare System must take place. The Key West VA Outpatient Clinic offers the same services, however unlike Key Largo this site has pharmaceutical services because the naval pharmacy is next door to the clinic. Pre-registration at this clinic can be done in person.

Nearly 2,000 active-duty personnel, 2,500 military family members, and less than 100 naval reserves live in Key West, as a result of the operational military base Naval Air Station Key West. This base has a national security mission that places emphasis on the operational readiness for the Department of Defense, Department of Homeland Security, National Guard, and other federal agencies. The station is equipped with aerial training ranges and a Tactical Combat Training System. The Navy has maintained a presence in Key West since the early 1800s. Today the base is home to Fighter Squadron Composite 111, Strike Fighter Squadron 106, Joint Interagency Task Force South, Army Special Forces Under Water Operations School and U.S. Coast Guard Sector Key West.

Veterans, who own property in Monroe County, qualify for a property tax exemption if they have received a disability rating of 10 percent or higher. Under this circumstance, the exemption amounts to $5,000. Veterans with a 100 percent rating are entitled to a full property tax exemption.