VA Loan North Miami Florida

VA Loan North Miami Florida

How Does A VA Home Loan Work in North Miami Florida?

CambridgeHomeLoan.com is #1 VA Loan lender in North Miami Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive North Miami Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 33154,33160,33161,33167,33168,33181 and throughout Florida, Maryland and 47 other US states.

VA home loans are non-conventional home loans. Since the VA loans are government-insured they do not have the conventional mortgage underwriting guidelines that you get from conventional banks.

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 North Miami Florida

VA Home Loan

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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 North Miami 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 North Miami, 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

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.

Not just a North Miami VA Loan, we are offering the following loans as well:

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.

About North Miami Florida

Introduction to North Miami, Florida

The Florida city of North Miami is located in northeast Miami-Dade County, about 14 miles north of the city of Miami. The city is home to the Biscayne Bay campus of Florida International University and the Florida campus of Johnson & Wales University.

Originally settled in the late 19th century, the area first known as Arch Creek soon developed into a thriving farming community. The Florida land boom of the 1920s impacted Arch Creek and shifted its emphasis from farming to land development. In 1926, residents voted to incorporate as the Town of Miami Shores, a name which only lasted a few years due to the actions of the Florida Legislature which abolished the town’s name based on lobbying by the wealthy Shoreland Company, who wanted the name for their huge development (“The Village of Miami Shores”). In 1931 the local population chose a new name for its municipality: The Town of North Miami. In 1952, voters adopted a new charter and the town became the City of North Miami.

North Miami Area Attractions

North Miami’s subtropical climate and miles of nearby sandy beaches provide a haven for outdoor recreational activities of all types. The city also houses 11 public parks, 2 swimming pools, and 3 tennis court facilities. Residents and visitors can spend an afternoon at the Enchanted Forest Elaine Gordon Park (a 22-acre natural oak hammock). The Oleta River State Recreation Area, the largest urban park in the Florida State park system, contains one of the largest concentrations of Australian Pine trees found in Florida.

One of the premier cultural sites in the city is the The Joan Lehman Museum of contemporary Art (MoCA), a 22,000 square-foot state-of-the-art facility providing spacious exhibition space, an art pavilion and two outdoor courtyards. With an established reputation for high quality exhibitions, events, films, lectures and art excursions, MoCA has become a major force in the community and has stimulated the growth of sophisticated art galleries and avant-garde studios which display works by many emerging local artists. Another city staple is the North Miami Public Library, which contains over 100,000 books as well as thousands of foreign language tapes, magazines and newspapers.

Visitors and residents of North Miami can enjoy a wealth of South Florida attractions and can also participate in some of the Greater Miami area’s numerous annual events, just a few of which are listed here:

  • Kwanza (January’s African Thanksgiving Celebration).
  • Orange Bowl Classic (January).
  • Miami Film Festival (February).
  • Italian Renaissance Festival at Vizcaya (March).
  • River Cities Festival (April).
  • Miami/Bahamas Goombay Festival (June).
  • 4th of July at Bayfront Park.
  • South Florida International Auto Show (September).
  • Hispanic Heritage Festival (October).
  • Miami Air Show (November).
  • Miami Christmas Family Pageant (December).

Sports fans can enjoy the following major league pro teams, all located in the Greater Miami Area:

  • Baseball: Florida Marlins (MLB).
  • Football: Miami Dolphins (NFL).
  • Basketball: Miami Heat (NBA), Miami Tropics (American Basketball Association).
  • Hockey: Florida Panthers (NHL).
  • Soccer: Miami FC (United Soccer Leagues)

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