VA Loan Palm Bay Florida

VA Loan Palm Bay Florida

How Does A VA Home Loan Work in Palm Bay Florida?

CambridgeHomeLoan.com is #1 VA Loan lender in Palm Bay Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Palm Bay Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 32904,32905,32906,32907,32908,32909,32910,32911 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 Palm Bay 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 Palm Bay 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 Palm Bay, 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 Palm Bay 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 Palm Bay Florida

Introduction to Palm Bay, Florida

The Florida city of Palm Bay is located in Brevard County, on the east Central Florida coast. The city is situated just 10 miles southwest of Melbourne, about 65 miles southeast of Orlando, and 180 miles north of Miami. Major highways near the city include Interstate I-95 and U.S. Route 192.

Palm Bay’s modern history traces back to 1959, when the Mackle brothers from Miami purchased land for a local residential project. Although the project had its stops and starts, it spurred the growth of industry and population in the area, leading to the incorporation of the city of Palm Bay in 1960. The city’s first major industrial corporation, Radiation, Inc., later evolved into the Harris Corporation. Other industry soon followed, and the 1970s saw construction and expansion in the city. Palm Bay experienced enormous growth in the ensuing two decades, including the completion of a new municipal complex housing the city hall and police station. The city today continues to grow largely due to its proximity to the ocean and to other major areas of central and coastal Florida.

Things to See and Do in the Palm Bay Area

Palm Bay and the Brevard County area offer a choice of many sites for recreation, entertainment, and culture. The Wildlife Turkey Creek Sanctuary is home to many rare and endangered plants and animals. The Florida Tech Botanical Garden offers a 30-acre landscape of picturesque palms in numerous varieties. Anglers can find plenty of fishing at the Sebastian Inlet State Park, 20 minutes south of Palm Bay, where sport fishing can be done from private boats or on one of numerous charter fleets. A lively arts community thrives in Brevard County, home to an abundance of talented artists, musicians and actors. The Maxwell C. King Center for the Performing Arts plays host to a variety of performing arts, including Broadway musicals, symphonies, opera, jazz, ballet and comedy. Other area theatres include the Phoenix Theatre and the Melbourne Civic Theatre. The Brevard Museum of Art & Science offers interactive children’s exhibits as well as art classes throughout the year. Also located in the Brevard County area are the Margaret Homes Nature Center, the Titusville Historic Museum, the Brevard Museum of History and Natural Science and the Air Force Space Museum. Fifty miles to the north is the Kennedy Space Center and Astronaut Hall of Fame, and 65 miles to the northwest is the city of Orlando, home to world class attractions such as Disney World, Universal Studios and Sea World.

Minor League Baseball is also a staple of Brevard County, home to the Brevard County Manatees, the Triple-A affiliate of the MLB’s Milwaukee Brewers. The Manatees’ home park (Space Coast Stadium in nearby Viera) also serves as the Spring Training site of Major League Baseball’s Washington Nationals. More pro sports can be found in Orlando, home of the NBA’s Orlando Magic and the Arena Football League’s Orlando Predators.

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