Low Income Home Loan Options Give You Hope Thanks to the many low income home loans available in the market today, you can be a
VA Loan Ormond Beach Florida
VA Loan Ormond Beach Florida
How Does A VA Home Loan Work in Ormond Beach Florida?
CambridgeHomeLoan.com is #1 VA Loan lender in Ormond Beach Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Ormond Beach Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 32174,32175,32176 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 Ormond Beach 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 Ormond Beach 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 Ormond Beach, 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 Ormond Beach VA Loan, we are offering the following loans as well:
About Ormond Beach Florida
Introduction to Ormond Beach, Florida
Ormond Beach, Florida, in Volusia county, is 5 miles NW of Daytona Beach, Florida (center to center) and 80 miles SE of Jacksonville, Florida. It’s part of the Greater Daytona Beach area and is situated along the Halifax River lagoon and the Atlantic Ocean. Ormond Beach Business Park and Airpark is designated a foreign trade zone and includes numerous companies.
Education, health care and government are the region’s major employers. Command Medical Products, The Tanning Research Laboratories of Hawaiian Tropic, Hudson Tool and Die Company and Homac Manufacturing Company are located in the city. The climate is humid subtropical and includes dry, mild weather during the winter.
Ormond Beach Activities
The notable Tomoka State Park is situated along the Tomoka River and features manatee, peregrine falcons, bald eagles, egrets, herons and other species of wildlife. Activities at the park include canoeing, fishing, boating, picnicking, hiking and camping. Bulow Creek State Park, situated near the Atlantic Ocean, is a short drive away from Ormond Beach. Bulow Plantations Ruins Historic State Park, Gamble Rogers Memorial State Recreation Area, Ocala National Forest and North Peninsula State Park are notable nearby locations for recreational activities.
Bonnet, Banks and Scogin lakes are close by. Atlantic Avenue is the primary tourist area. The city includes the Ormond Beach Sports Complex. The Halifax Plantation Golf Club features a large number of attractive old oak trees, tall pines and has a high rolling terrain. River Bend Golf Club, Riviera Country Club and Tomoka Oaks Golf Club & Country Club are other popular golf courses.
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