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VA Loan Eagle Lake Florida
VA Loan Eagle Lake Florida
CambridgeHomeLoan.com is #1 VA Loan lender in Eagle Lake Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Eagle Lake Florida real estate market. We are serving all of Eagle Lake zip-codes including zip code 33839 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 Eagle Lake 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 Eagle Lake 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 Eagle Lake, 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 Eagle Lake Florida VA Loan, we are offering following loans in 47 states as well:
About Eagle Lake Florida
The town of Eagle Lake, Florida sits directly next to the body of water that gives it its name and only 30 minutes inland from Tampa Bay. Eagle Lake is most known for the abundance of outdoor recreation and beautiful parks and preservations. Though a small town, Eagle Lake is packed with much diversity, history, and neighborly love. Located in Polk County, the public education system within Eagle Lake is above the national average, making this beautiful town a perfect place to settle down and/or raise a family.
Being founded in the late 1800s and fully incorporated in 1921 Eagle Lake has much history. The original settlement began with John Bingham, a former United States representative, buying over 160 acres and naming the three lakes Eagle Lake, Crystal Lake, and Spirit Lake. As the city began to take shape, it was known for local business – all types of shops and restaurants became the heart of the town. As time would go on, Eagle Lake made a significant effort to adapt and grow. Today, they stand true to their mission and continue to encourage local business.
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