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VA Loan Leesburg 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 Leesburg, 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 Leesburg 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.
Leesburg is a city in Lake County, Florida, United States. The population was 20,117 at the 2010 census. As of 2019, the population recorded by the U.S. Census Bureau was 23,671.
Leesburg is in central Florida, between Lake Harris and Lake Griffin, at the head of the Ocklawaha River system. It is part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area. It is about 45 miles NW of Orlando, 270 Miles N of Miami, and 221 Miles SW of the State Capitol at Tallahassee.
Leesburg is the home of Lake–Sumter State College (LSSC), which also has campuses in Clermont and Sumterville, Florida. It is also the home of Beacon College.
Things to do in Leesburg
Leesburg is a small city found in the center of Florida, just a short drive from well-known Orlando and almost exactly halfway between the eastern and western coastlines of the Floridian peninsula.
Leesburg is in Lake County, and the city is built between the beautiful banks of Lake Harris and Lake Griffin, while in the surrounding area, there are countless more lakes and waterways too.
This is a place for nature lovers; there are endless outdoor opportunities in Leesburg. Explore the lakes, visit the nature preserves and conservation areas, and enjoy Florida’s great open air.
Here are the 6 best things to do in Leesburg, Florida.
- Lake Harris
- Lake Griffin
- Emeralda Marsh Conservation Area
- Venetian Garden Parks
- Leesburg Heritage Museum
- Paquette’s Historical Farmall Tractor Museum
We are serving all of Leesburg zip codes including 33585, 34736, 34748, 34749, 34762, 34788, 34789
Expert Mortgage and Investment Real Estate Advice
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