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VA Loan Pompano Beach Florida
VA Loan Pompano Beach Florida
How Does A VA Home Loan Work in Pompano Beach Florida?
CambridgeHomeLoan.com is #1 VA Loan lender in Pompano 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 Pompano Beach Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 33060,33061,33062,33064,33069,33072,33074 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 Pompano 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 Pompano 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 Pompano 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 Pompano Beach VA Loan, we are offering the following loans as well:
About Pompano Beach Florida
Introduction to Pompano Beach, Florida
The Florida city of Pompano Beach, located in the northern portion of Broward County, lies along the coast of the Atlantic Ocean about 8 miles north of Fort Lauderdale. Centrally located in Florida’s famous Gold Coast, the city is situated approximately midway between Miami and Palm Beach (about 35 miles away from each). Pompano Beach is serviced by both Interstate I-95 and the Florida Turnpike.
Named for a species of fish (pompano) which swims abundantly in the area’s warm Atlantic waters, the city was originally inhabited by the Tequesta Indians, who survived on the subtropical land by living in villages near the ocean and feasting on its abundant sea life. European colonization eventually led to the destruction of the Tequesta way of life, and the Tribe was replaced in the area by the Seminoles. Until the arrival of the railroad in 1896, the region was not linked to the rest of the nation but after this time the municipality grew and the city of Pompano became incorporated in 1908. In 1947, Pompano officially merged with the beach area to its east to become the city of Pompano Beach. The city today relies on tourism, light manufacturing, retail and high technology as its principal industries.
Events and Entertainment in Pompano Beach
Beach goers, fishermen and golfers find living or vacationing in Pompano Beach a dream come true. Over three miles of white pristine beaches combined with an abundance of some of the world’s most beautiful and challenging links just minutes away make it easy to see why thousands of visitors flock to the area annually. In addition to an almost unlimited supply of outdoor recreational options, the city also hosts a number of annual events and festivals, including the Pompano Beach Fishing Rodeo, a week-long May event attracting anglers from around the world who participate in one of the largest sport fishing tournaments in south Florida. December’s Holiday Boat Parade features prizes and awards for “best dressed” boats and also includes a ride down the Intracoastal Waterway featuring food, drinks and fun.
Among the city’s other attractions are the Pompano Beach Amphitheatre, an open-air venue which has served as host site for numerous outdoor concerts. Also in town is the Goodyear Blimp Base, home base of the famous blimp and one of only four blimp bases in the world. Bargain hunters should head to the Festival Flea Market Mall, housing more than 800 stores, booths and kiosks selling discounted brand name merchandise. Two miles north of Pompano Beach is Lighthouse Point, home of Hillsboro Light, a decades-old lighthouse which is the brightest in the southeast.
Those whose fun consists of spectator sports won’t be disappointed with the Pompano Beach area. The city offers year-round horse racing at the world famous Pompano Harness Track. In nearby Miami, baseball fans can migrate to Pro Player Stadium, home of Major League Baseball’s Florida Marlins. Football fans can follow the exploits of the Miami Dolphins as they host the NFL’s best, while fans of indoor sports can take in some major league hockey (NHL’s Florida Panthers, who play in nearby Sunrise) and basketball (NBA’s Miami Heat).
Expert Mortgage and Investment Real Estate Advice
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