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VA Loan Clermont Florida
VA Loan Clermont Florida
CambridgeHomeLoan.com is #1 VA Loan lender in Clermont Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Clermont Florida real estate market. We are serving all of Clermont zip-codes including zip codes 34711, 34712, 34713, 34714, 34715 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 Clermont 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 Clermont 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 Clermont, 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 Clermont Florida VA Loan, we are offering following loans in 47 states as well:
About Clermont Florida
Clermont in Lake County Florida sits just west of the city of Orlando and has a very upscale suburban feel that most people say make it one of the best places to live in the state. Founded in 1884 and officially incorporated in 1914, Clermont has a beautiful landscape of rolling hills that includes the many orange tree farms. To be able to observe this vast miles of orange fields, the town of Clermont built the 226-foot Citrus Tower in 1956 which is considered to be one of the very first landmarks in the state of Florida.
The city of Clermont is also known for the many attractions that surround it. These include the Kennedy Space Center, the numerous amount of state parks and beautiful golf courses, as well as the Lakeridge Winery and Vineyard.
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