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VA Loan Fort Walton Beach Florida
VA Loan Fort Walton Beach Florida
CambridgeHomeLoan.com is #1 VA Loan lender in Fort Walton Beach Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Fort Walton Beach Florida real estate market. We are serving all of Fort Walton Beach zip-codes including zip codes 32547, 32548, 32549 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 Fort Walton Beach 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 Fort Walton Beach 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 Walton Beach, 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 Fort Walton Beach Florida VA Loan, we are offering following loans in 47 states as well:
About Fort Walton Beach Florida
Originally established during the Seminole War and named after Colonel George Walton, Fort Walton Beach began as a military camp. Fort Walton Beach would not only be used during the Seminole Wars, but then again during the United States Civil War. Fort Walton Beach was not recognized as a civilian town until 1941. Local military bases, including the Eglin Air Force Base, has been and continues to be a significant part of the local economy.
Lake Walton Beach, despite the intriguing history, is known for the white sand beaches and beautiful teal-emerald, calm gulf-coast waters. Fort Walton Beach has been named one of the best places to live in Florida multiple times and holds true to that. With a highly-rated public education system and a fun, safe downtown, Lake Walton Beach has it all!
Expert Mortgage and Investment Real Estate Advice
Cash Grants for First Time Home Buyers When was the last time somebody credible offered you thousands of dollars in free money? For most of