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VA Loan Bonita Springs Florida
VA LOAN Bonita Springs Florida
CambridgeHomeLoan.com is the #1 VA Loans lender in Bonita Springs Florida . We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Bonita Springs Florida real estate market. We are serving all of Bonita Springs zip-codes including zip codes 33931, 34110,34119,34133,34134,34135,34136 and throughout Florida, Maryland and most US states.
What Is A VA Loan?
A VA home loan is a home loan offered by private lenders and guaranteed by the U.S department of veterans’ affairs. It enables U.S veterans, 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. The VA home loan has become increasingly popular because it is easy to qualify for with no down payment required and low closing costs.
How Does A VA Home Loan Work in (City) Florida?
VA home loans are non-conventional home loans. Since 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 qualify for a VA loan in Bonita Springs 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 Bonita Springs, 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 the 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.
- Ability to have seller pay up to 4% of your closing costs.
- 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 Venice VA Loan, we are offering following loans as well:
About Bonita Springs Florida
Bonita Springs is on the Gulf Coast of Florida and is known for its beaches, kayaking, state parks and more . A great beach community in Southwest Florida between located Fort Myers and Naples, Bonita Springs is home to the Conservatory of Southwest Florida Nature Center. Bonita Springs is also home to Lovers Key State Park, a place that was named because it once was an island so remote only lovers went to the trouble to seek its privacy. Made up of 4 barrier islands, the park is home to manatees and dolphins.
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