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VA Loan Lakeland Florida
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 Lakeland, 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 Lakeland 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.
CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
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.
From your first investment real estate loan to putting together a portfolio loan for all of your investment properties, CambridgeHomeLoan.com is the resource that can help you from the very beginning of your investment career.
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.
Lakeland is a city in Polk County, Florida, part of the Tampa Bay Area, located along Interstate 4 east of Tampa. According to the 2019 U.S. Census Bureau estimate, the city had a population of 112,136. Lakeland is a principal city of the Lakeland–Winter Haven Metropolitan Statistical Area.
European-American settlers arrived in Lakeland from Missouri, Kentucky, Tennessee, Georgia and South Carolina in the 1870s. The city expanded in the 1880s with the arrival of rail service, with the first freedmen railway workers settling here in 1883. They and European immigrants also came because of land development opportunities with farming, citrus, cattle and phosphate industry developing. Lakeland is home to the 1,267-acre Circle B Bar Reserve.
Things to do in Lakeland
Located in Polk County, Florida, Lakeland sits between Tampa and Orlando.
Known throughout history for being the home of a number of Native American tribes, Lakeland now houses the Circle B Bar Reserve, an area of protected land.
Nowadays Lakeland is also known for its lakes, from which the city takes its name, and there are several to explore in the city with easy walking trails that lead from one to another.
Fishing, boating, and bird watching are all popular pastimes in Lakeland, and those who want to get out and about will love the tranquil scenery in this part of the United States.
As well as lakes, visitors here will also find engaging museums, local historic points of interest, and sporting venues.
- Polk Theatre
- Lake Parker
- Explorations V Children’s Museum
- Circle B Bar Reserve
- Lakeland Center
- Polk Museum of Art
We are serving all of Lakeland zip codes including 33801, 33802, 33803, 33804, 33805, 33806, 33809, 33810, 33811, 33813, 33815, 33868
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