VA Loan Margate 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 Margate, 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.

Get a Quote From Nation's #1 VA Lender

Not just Margate VA Loan, we are offering following loans as well:

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.

Fix To Rent Home Loans

- 1-500+ properties

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

- 5yr, 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.

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.

See why more Veterans choose CambridgeHomeLoan.com than any other VA lender

or

Call - (800) 826-5077

Margate is a city in Broward County, Florida, United States. As of the 2020 census, the city had a population of 58,712. Margate is part of the Miami metropolitan area, which was home to 6,166,488 people in 2020.

Margate was founded in the 1950s, when much of it was still either part of the Everglades or farmland. It became a town in 1955, when land development became prominent due to an influx of people moving to Margate. In 1961, it was officially incorporated as a city. The name Margate is a portmanteau of the first three letters of the founder’s last name, Jack Marqusee, and the first four letters of gateway, since it was considered a “gateway” to western Broward County. The city has a waterpark called Calypso Cove and two golf courses: The Carolina Golf Club and the Oriole Golf and Tennis Club.

Things to do in Margate

Located on the southern portion of Florida’s eastern Atlantic coast near Coral Springs and Coconut Creek, Margate is a principal city in the Miami Metropolitan area which is home to more than six million residents.

Unlike other cities directly on the ocean, Margate lies just inland of Pompano Beach to the west, and between West Palm Beach and Miami to the north and south respectively.

Known for its golf, theme parks, and seemingly endless expanses of beautiful beaches, the area is a magnet for nature lovers, thrill seekers, and sportsmen of all stripes.

Below are 6 things to do in and around Margate, Florida.