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VA Loan Apalachicola Florida
VA Loan Apalachicola Florida
CambridgeHomeLoan.com is #1 VA Loan lender in Apalachicola Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Apalachicola Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 32320, 32329 and throughout Florida, Maryland and more.
What Is A VA Loan?
A VA loan is a home loan offered by private lenders and guaranteed by the U.S department of veterans’ affairs. It enables U.S veterans, the active-duty service members, widowed service members’ spouses Veterans and national guard to buy a home. VA loans were introduced as part of the GI Bill in 1944 to help the veterans, and they have become popular over time. In early 2019, 8% of homes were acquired using a VA loan. This loan type has become increasingly popular because it is easy to qualify with no down payment required and low closing costs.
How Does A VA Home Loan Work in Apalachicola Florida?
VA home loans are non-conventional home loans. Since the VA loans are government-insured they do not have the conventional mortgage underwriting guidelines that you get from conventional banks.
The VA Loan are easy to get since the banks assume less risk than conventional loans. This means that the U.S department of veterans affairs undertakes to repay a part of the loan to the lender if you are unable to make payments or if you face foreclosure.
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What are the VA Home Loan Requirements?
To get a VA loan in Apalachicola Florida, you must be military personnel and meet the VA’s specific service needs. For you to be eligible, you must fall in any of the following three categories:
- You are an active-duty service member or an honorably discharged veteran who has 90 consecutive days of active service during wartime or 181 days of active service during peacetime.
- You have served more than six years in the National Guard or the Selected Reserve.
- You are the spouse of a service member who died in the line of duty.
When applying for a VA loan in Apalachicola, you need to get a Certificate of Eligibility “COE” or you can provide us with your DD-214 and we will order your COE for you. The COE lets us, the lender know what you qualify for.
Key benefits of VA Home Loan that we provide
- Eligible homebuyers are not required to have a down payment in most cases – typically cited as the greatest benefit of a VA Home Loan
- No monthly mortgage insurance premiums or PMI to pay.
- Lower average interest rates than other loan types.
- No prepayment penalties.
- Limitation on buyers’ closing costs.
Loans Custom Built for Real Estate Investors
The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.
Not just Apalachicola VA Loan, we are offering following loans as well:
About Apalachicola Florida
This Franklin County, gulf coast town was named after the land of the friendly people and has been repeatably named one of the best small towns in Florida. With a long history that includes settlements by Native Americans and Spanish settlers, Apalachicola was established as one of the busiest commerce towns in all of North America. Throughout the years, Apalachicola, has become much more relaxed and thrives with a great mixture of cultures and traditions.
Local attractions include the Apalachicola Maritimen Museum, the over 385 square mile Apalachicola National Estuarine Research Reserve, the Trinity Episcopal Church built in 1838, and countless restaurants that emphasize the local seafood specialties.
The beautiful panhandle town encompasses the beauty in the many waterfront and luxury resorts and bed and breakfasts, a multitude of outdoor activities, and year-round festivities in town.
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