VA Loan Key Biscayne Florida

VA Loan Key Biscayne Florida

CambridgeHomeLoan.com is #1 VA Loan lender in Key Biscayne Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Key Biscayne Florida real estate market. We are serving all of Key Biscayne zip-codes including zip code 33149 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 Key Biscayne 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.

VA Home Loan

PREQUALIFY FOR YOUR VA LOAN HERE
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What are the VA Home Loan Requirements?

To get a VA loan in Key Biscayne 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 Key Biscayne, 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

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.

Not just Key Biscayne Florida VA Loan, we are offering following loans in 47 states as well:

Fix To Rent Home Loans

    • 1-500+ properties

    • Single-family, 2-4 units, condos, townhomes, multifamily

    • 5, 7, 10 and 30 year terms

      • Up to 90% of cost

    • Up to 100% of rehab

    • Up to 75% of completed value

    • $70,000 – $100 million

Fix To Flip Home Loans

    • 1-500+ properties

    • Single-family, 2-4 units, condos, townhomes, multifamily

    • 12 To 24 month terms

      • Up to 90% of cost

    • Up to 100% of rehab

    • Up to 75% of completed value

    • $100,000 – $100 million

Multi Family /
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.

About Key Biscayne Florida

Key Biscayne, the state of Florida’s southernmost barrier island, officially became a territory of the United State in 1821. Before being a part of the United States of America, the land was gifted from the King of Spain in 1513 to a family. This family still held the rights to the land even after the recognition of the territory of the United States. However, they sold the land to a local real-estate mogul, who then sold part of the land to the United States government for a military reservation. This land would then continue to be purchased and sold and wouldn’t see much development or attraction until the late 1960s when former President Nixon would dub this town his “winter home”. That small statement made a huge impact on the town, island, and local area. 

Today, Key Biscayne still holds the reputation for having one of the most beautiful beaches and ocean views. The town also holds many nature preservations and parks that keep the natural beauty of the area apparent. Key Biscayne is proud of its ranking in safety and gorgeous infrastructure. All of the natural and man-made amenities of Key Biscayne make it the perfect place to reside. 

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