
You Can Buy a Home in 2020 with These Low Income Mortgage Programs
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
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
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.
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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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:
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.
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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