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VA Loan DeFuniak Springs Florida
VA Loan DeFuniak Springs Florida
CambridgeHomeLoan.com is #1 VA Loan lender in DeFuniak 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 DeFuniak Springs Florida real estate market. We are serving all of DeFuniak Springs zip-codes including zip codes 32433, 32434, 32435 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 DeFuniak Springs 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 DeFuniak 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 DeFuniak 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 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 DeFuniak Springs Florida VA Loan, we are offering following loans in 47 states as well:
About DeFuniak Springs Florida
DeFuniak Springs, Florida was originally founded in the late 1800s as a gated resort town right on Lake DeFuniak, which was named after a head engineer for the Pensacola and Atlantic Railroad. The railroad would bring lots of foot-traffic to the luxurious resorts within the town. Just around this time, the town of DeFuniak Springs would also be hosting a public meeting which would greatly improve and impact education within the United States. This meeting, which consisted of teachers, educators, and mentors, would lead to the creation of the Florida Education Association that would eventually be a part of the National Educational Association and the federal teachers’ union.
DeFuniak Springs, today, is described as being quaint, quiet, and very historical. The town also continues its reputation of having an above average public education system, beautiful landscapes, and hospital neighbors. Being in northwest Florida, DeFuniak Springs is roughly 45 minutes to an hour drive from the beautiful gulf-coast shoreline, but has the same tropical weather that Florida is known for.
Expert Mortgage and Investment Real Estate Advice
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