VA Loan Olney Maryland

How Does A VA Home Loan Work in Olney Maryland?

We pride ourselves on being the #1 VA Loan lender in Olney Maryland. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Olney Maryland real estate market. We are serving all of Olney Maryland zip-codes including zip code 20830, 20832, 20833, 20833, 20853 and throughout Maryland, Florida 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 veteran 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 Olney Maryland

PREQUALIFY FOR YOUR VA LOAN HERE
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Subject Property Or Proposed

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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 Olney Maryland, 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 Olney, 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.Olney

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.

Get a Quote From Nation's #1 VA Lender

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 Olney 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 Olney Maryland

Introduction to Olney, Maryland

Olney is a U.S. census-designated place and an unincorporated area in Montgomery County, Maryland. It is located in the north central part of the county, twenty miles (32 km) north of Washington, D.C. Olney was largely agricultural until the 1960s, when growth of Washington, D.C.’s suburbs led to its conversion into a mostly residential area. It has a total population of 35,820 as of the 2020 United States census. In 2013 it was ranked #22 in Money magazine’s “top-earning towns” edition of “America’s Best Places to Live.” In 2007, Olney ranked #17 on Money magazine’s list of the 100 best places to live in the U.S.

Olney is in Montgomery County and is one of the best places to live in Maryland. Living in Olney offers residents a sparse suburban feel and most residents own their homes. In Olney there are a lot of parks. Many young professionals live in Olney and residents tend to lean liberal. Sandy Spring National Bank was established there, along with Montgomery Mutual Insurance Company, and a circulating library. Now, Olney is the last suburban outpost in upper northeast Montgomery County, Maryland, with many residents working as far away as Washington, D.C., Baltimore, and even Northern Virginia.

Olney and Nearby Attractions