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VA Loan Lady Lake Florida
VA Home Loan Benefits
No Money Down, No Pre-Payment , No Mortgage Insurance, Competitive Interest Rates, Closing CostPenalty Limits
What Is A VA Loan?
A VA loan is a home loan given by private lenders and secured by the U.S department of veterans’ affairs. It enables U.S veterans, the active-duty service members, and widowed service members’ spouses to buy a home. VA loan 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 and does not need a down payment.
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How Does A VA Home Loan Work in Lady Lake, Florida?
VA home loans are non-conventional home loans. Since the VA loan are government-insured they do not have the conventional mortgage system that you get from banks and other lenders.
The non-conventional home loans 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.
Benefits of VA Loan
- No Down Payment- This is far and away the program’s signature benefit. Qualified VA Loan borrowers can purchase up to a county’s conforming loan limit without a down payment. Those limits can change every year and are higher in more expensive areas.
- No Private Mortgage Insurance- VA loan do come with a mandatory funding fee that goes directly to the Department of Veterans Affairs. Borrowers with a service-connected disability are exempt from paying this fee, which helps keep the program going for future generations.
Looser Credit Requirements- Credit score requirements have started to thaw, but that hasn’t made life significantly easier for many military buyers. The credit benchmarks set by both conventional and FHA lenders can still be tough to hit.
Not just Lady Lake VA Loan, we are offering following loans as well:
Loans Custom Built for Real Estate Investors
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Fix & Flip Loans 90% LTC and up to 100% of fix up costs.
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Fix and Flip or Fix To Rent Loans can be closed in just 5-7 days. If you would like to prepare for your first deal contact us for a soft quote and our due diligence check list.
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CambridgeHomeLoan.com can manage all of your real estate loans from ground up construction, spec houses to fix and flip and fix to rent home loans. When you want to get your price and close in just a few days to easy rehab draws that can help you get your project done on time and in budget. Give us a call today with your project outline and we can give you the possibilities.
Lady Lake is a town in Lake County, Florida, United States. The population was 13,926 at the 2010 census. As of 2019, the population recorded by the U.S. Census Bureau is 16,020. It is part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area. Area history is exhibited at the Lady Lake Historical Society Museum.
Things to do in Lady Lake
Situated 53 miles northwest of Orlando and 277 miles northwest of Miami, Lady Lake lies in the center of Florida. It is inward from many of the golden beaches, making it less well-traveled than some of the other tourist spots in Florida.
Lady Lake is part of an area of Florida known as “the Lakes.” It is part of Lake County, so named because of the 250 official lakes in the county and 1,735 other water bodies; 18.9% of the entire county is said to be water. With a population of around 13,000, according to the latest census records, it is a quiet town, and a place to escape the hustle and bustle of the larger cities.
Many people who choose to visit Lady Lake like to combine their trip to other lakes and towns in the area, or camp in the slightly cooler climate.
If you’re heading to Lady Lake for a getaway, here are the top 6 things to do while you’re there.
- Corkscrew Winery
- Uncle Donald’s Farm
- Lady Lake Public Library
- Water Oak Country Club and Golf
- Eaton’s Beach
- Farmer’s Market
We are serving all of Lady Lake zip codes including 32158, 32159
Expert Mortgage and Investment Real Estate Advice
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