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VA Loan Mount Dora Florida
VA Loan Mount Dora Florida
How Does A VA Home Loan Work in Mount Dora Florida?
CambridgeHomeLoan.com is #1 VA Loan lender in Mount Dora Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Mount Dora Florida real estate market. We are serving all of Mount Dora zip-codes including zip codes 32756, 32757 and throughout Florida, Maryland and 47 other US states.
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 Mount Dora Florida
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What Is A VA Loan?
A VA loan 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 easy to qualify with no down payment required and low closing costs.
What are the VA Home Loan Requirements?
To get a VA loan in Mount Dora 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 Mount Dora, 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
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 a Mount Dora VA Loan, we are offering the following loans as well:
About Mount Dora Florida
Introduction to Mount Dora, Florida
Mount Dora is a city in central Florida. It’s known for its antique shops and annual festivals. Downtown, the Modernism Museum displays modern furniture. Housed in a 1923 fire station, the Mount Dora History Museum documents local history. An extensive collection of classic cars, plus a replica of a 1940s gas station, are on display at the Museum of Speed. Northwest, bass-filled Lake Eustis has waterside restaurants.
Mount Dora and Nearby Attractions
Modernism Museum (Museum, modernism and art)
Premier Boat Tours ()
Palm Island Park (Picnicking, fishing & dog-friendly paths)
Mount Dora Center for the Arts (Art and art museum)
Gilbert Park (Picnicking, a playground & water views)
Trimble Park (Waterfront park for picnicking & camping)
Why to Live in Mount Dora?
Ranked as Florida’s #1 small town to retire to by USA Today, Mount Dora is a popular place to live. Due to its central location, retirees from Jacksonville, Tampa, Orlando and other areas throughout Florida and the U.S. come to Mount Dora for its great attractions and relaxed atmosphere.
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