VA Loan Florida

No Money Down VA Home Loan

* No Money Down!
* Fast Close!
* No PMI Insurance
* Can be used multiple times
* Purchase, Refinance ,Cash Out Re-finance!

#1 VA Lender Florida

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VA Loan Florida

CambridgeHomeLoan.com is #1 VA lender Florida. 

What Is A VA Loan Florida?

A VA loan Florida 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 easy to qualify with no down payment required and low closing costs.

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How Does A VA Loan Florida Work?

VA home loan Florida is a 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.


What are the VA Home Florida Loan Requirements?

To get a VA loan 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 Fort Lauderdale Florida, 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 Loan Florida 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.

VA Loan Florida Benefits

Florida Veterans and Active Duty service members can utilize the benefits afforded to them by the VA Home Loan Program to buy or refinance a personal home.  A VA Mortgage provides them the opportunity for a no down payment home purchase, along with less stringent qualification requirements.

In addition to 100% financing of a home purchase, VA Home Loans do not have private mortgage insurance (PMI). Most VA loans are 30 year fixed rate loans at interest rates comparable to conventional 20% down loan programs.  The Veteran home buyer’s closing costs can be paid by the seller, and VA Loans have lower minimum credit score requirements.

VA Loan Florida Requirements

VA Home Loan eligibility is dependent on when and how long you served in the Military, National Guard or Reserves. Most Veterans and Active Duty service members will be eligible if they have served for 181 consecutive days during peacetime or 91 consecutive days during wartime.

Being eligible for a VA Mortgage loan is only part the requirements needed to obtain a Veterans Affairs mortgage.  In addition to being eligible, a Veteran or Active Duty service member must meet the income and credit requirements to qualify for a VA Loan.  These requirements are less stringent than conventional loans


Loans Custom Built for Real Estate Investors

Whether you buy and hold, fix and flip, or build to rent, cambridgehomeloan.com has the capital for your investment needs
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.

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    • 1-500+ properties

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Fix And Flip Loan Florida

    • 1-500+ properties

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      • Up to 90% of cost

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MultiFamily Loan Florida /
Commercial Real Estate

      • 1-50+ properties

      • Multifamily, condos, student housing, 
      • mixed use w/ majority residential

      • 12, 24 mo., 5,10,30,40 year terms

      • Up to 100% of cost

    • $1M – $50M

      • Bridge, Construction, Permanent, Refi.

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