Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
VA Loan Cinco Bayou Florida
VA Loan Cinco Bayou Florida
CambridgeHomeLoan.com is #1 VA Loan lender in Cinco Bayou Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Cinco Bayou Florida real estate market. We are serving all of Cinco Bayou zip-codes including zip code 32548 and throughout Florida, Maryland and 47 other US states
What Is A VA Loan?
A VA loan (Veterans Administration) 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 much easier to qualify, no down payment required and low closing costs.
How Does A VA Home Loan Work in Cinco Bayou 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.
PREQUALIFY FOR YOUR VA LOAN HERE
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What are the VA Home Loan Requirements?
To get a VA loan in Cinco Bayou 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 Cinco Bayou, 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 Cinco Bayou Florida VA Loan, we are offering following loans in 47 states as well:
About Cinco Bayou Florida
Located directly in the middle of Pensacola and Panama City Florida, the town of Chipley, is a prime location for a hot real estate market. Don’t be fooled by the size of Cinco Bayou, Florida; The small town is filled with many natural parks, outdoor recreation, and neighborly love. Not only does Cinco Bayou have an abundance of tropical woods, but it has a beautiful beach front, being Fort Walton Beach.
Cinco Bayou was founded in 1950, with its first town meeting being held in a garage, where they elected the first mayor, Gordon Gibson. Cinco Bayou calls itself a “Purple Heart Town”, being known for many residents either being current or retired military members. This Okaloosa County Town is ranked one of the best places to live in Florida, and is understandably just that!
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