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VA Loan Ponce Inlet Florida
VA Loan Ponce Inlet Florida
CambridgeHomeLoan.com is #1 VA Loan lender in Ponce Inlet Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Ponce Inlet Florida real estate market. We are serving all of Ponce Inlet Park zip-codes including zip code 32127 and throughout Florida, Maryland and 47 other US states.
What Is A VA Loan?
A VA loan (Veterans Administration) 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 much easier to qualify, no down payment required and low closing costs.
How Does A VA Home Loan Work in Ponce Inlet Florida?
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.
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What are the VA Home Loan Requirements?
To get a VA loan in Ponce Inlet 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 Ponce Inlet, 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 Ponce Inlet Florida VA Loan, we are offering following loans in 47 states as well:
About Ponce Inlet Florida
Known for having Florida’s tallest lighthouse, the town of Ponce Inlet is located on the Atlantic Coast in Volusia County. Along with the breath-taking ocean view, beach side boardwalk, abundance of natural beauties, and the multitude of parks and preservation, Ponce Inlet is give an ‘A+’ safety rating and has a very high rated public school system. Ponce Inlet is just south of Daytona Beach and includes many delicious restaurants, cafes, cute shoppes, and a lively nightlife scene. All of these aspects combined is the reason why Ponce Inlet has been nominated as the best place to live in Florida repeatably.
Ponce Inlet was named after the spanish explorer that founded it, Juan Ponce de Leon, in the year 1513. Ponce Inlet officially became a part of the United States after Spain would surrender at the end of the first Seminole War. Today, the iconic lighthouse that stands tall in Ponce Inlet is the second to be erected in the town. The original lighthouse would be destroyed by storms, due to poor construction, and injuries sustained during the war. This is just one of the many historic sites in the town of Ponce Inlet.
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