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VA Loan Hollywood Florida
VA Home Loan Benefits
No Downpayment, No Private Mortgage Insurance, Competitive Interest Rates, No Prepayment Penalties, Closing Cost Limits.
VA Loan Hollywood Florida
What Is A VA Loan?
Qualify for your No Money Down Military VA Home Loan. Fill out the questionnaire below and a VA loan expert will reach out.
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How Does A VA Home Loan Work in Hollywood 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.
What are the VA Home Loan Requirements?
To get a VA loan in Hollywood 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 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 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.
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Not just Hollywood Florida VA Loan, we are offering following loans as well:
About Hollywood Florida
- Hollywood is home to more than 60 parks, seven golf courses, seven miles of pristine beaches, and the one-of-a-kind Hollywood Beach Broadwalk, a promenade that stretches nearly 2.5 miles along the Atlantic Ocean. Downtown Hollywood is a budding arts district that is home to numerous galleries, Cinema Paradiso art-house theater, the Art & Culture Center of Hollywood, the Arts Park at Young Circle, the Downtown Hollywood Mural Project, creative businesses, and dozens of restaurants and cafes around the world.
Expert Mortgage and Investment Real Estate Advice
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