VA Loan Panama City Beach Florida

VA Loan Panama City Beach Florida

How Does A VA Home Loan Work in Panama City Beach Florida?

CambridgeHomeLoan.com is #1 VA Loan lender in Panama City 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 Panama City Beach Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 32407,32408,32413,32417 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 Panama City Beach 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 Panama City 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 Panama City 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

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 Panama City Beach 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 Panama City Beach Florida

Introduction to Panama City Beach, Florida

Located in Bay county, Panama City Beach, Florida, is 76 miles S of Dothan, Alabama (center to center) and 248 miles W of Jacksonville, Florida. The city is conveniently located inside the Panama City metropolitan area.

Panama City Beach and Nearby Attractions

  • Eden Gardens State Park.
  • Constitution Convention State Museum.
  • Fred Gannon Rocky Bayou State Park.
  • Saint Andrews State Recreation Area.
  • Junior Museum of Bay county.
  • Deer Lake State Park.

Things To Do In Panama City Beach

There are many parks in the city such as Topsail Hill Preserve State Park, Fred Gannon Rocky Bayou State Park, Ponce de Leon Springs State Park and Eden Gardens State Park, which offer many recreational opportunities. The Wayside Shopping Center is located nearby. The local churches include Victory Tabernacle Assembly of God, Saint Bernadette Catholic Church and Saint Thomas by the Sea Episcopal Church. The city is home to golf courses such as the Nature Walk Golf Course, Camp Creek Golf Club and Signal Hill Golf Course. The zoos located nearby include Zoo World Zoological and Botanical Park and Rain Forest Republic of Zoo World.

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