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VA Loan Eustis Florida
VA Loan Eustis Florida
CambridgeHomeLoan.com is #1 VA Loan lender in Eustis Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Eustis Florida real estate market. We are serving all of Eustis zip-codes including zip codes 32726, 32727, 32736 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 Eustis 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 Eustis 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 Eustis, 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 Eustis Florida VA Loan, we are offering following loans in 47 states as well:
About Eustis Florida
Surrounded by many small bodies of water, as well as the almost 8,000 acre Lake Eustis, the town of Eustis is a beautiful location with a multitude of real estate opportunities. Eustis is one of the most inland locations in the state of Florida, but is just over an hour drive to either coast and is a short distance from the city of Orlando. While those who reside in Eustis describe the area to be very neighborly and have much outdoor recreation, including parks and preservations. A busier scene could be found in the town next-door, Mount Dora. This downtown strip includes many high-rated, delicious restaurants, cafes, and shoppes.
The town of Eustis also includes many historical attributes. The first 80 acres of Eustis was founded in the late 1870s by A.S. Pendry, a homesteader who would name the area Pendryville and elect himself as the postmaster. The lake and this town that resideded on it, was later renamed after Colonel Abraham Eustis, who served in the United States Army from Florida. Today, Eustis showcases its history all through town and even more so at the Eustis Historical Museum.
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