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VA Loan Atlantic Beach Florida
VA Loan Atlantic Beach Florida
CambridgeHomeLoan.com is #1 VA Loans lender in Atlantic Beach Florida . We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Atlantic Beach Florida real estate market. We are serving all of Atlantic Beach zip-codes including zip code 32233 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 Atlantic Beach Florida?
VA home loan 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 Atlantic Beach 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 Atlantic Beach, 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 Atlantic Beach VA Loan, we are offering following loans as well:
About Atlantic Beach Florida
The town of Atlantic Beach, like many other Florida towns, was only a small seaside town before the railroad expanded through it. With the very quick realization of this beautiful location, many came to buy and develop the land in Atlantic Beach. Atlantic Beach city boundaries were expanded in the late 1980s, which allowed Atlantic Beach to reach the inter-coastal waterways. Along with the expansion, a large amount of money was invested in increasing the, already high, quality of this gorgeous Atlantic Ocean coastal town.
Beautiful beaches, delicious coffee shops, and historical sites is what Atlantic Beach, Florida is all about. Being rated one of the best towns to live in within Florida, Atlantic Beach has a very healthy mix of young families, business professionals, and retirees. The local school system is proficiently above the national and state average, making Atlantic Beach the perfect location for anyone looking to settle down.
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