VA Loan Rockville Maryland
How Does A VA Home Loan Work in Rockville Maryland?
We pride ourselves on being the #1 VA Loan lender in Rockville Maryland. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Rockville Maryland real estate market. We are serving all of Rockville Maryland zip-codes including zip code 21042, 21043, 21044, 21045, 21046, 21075, 20588, 21150 and throughout Maryland, Florida and 47 other US states.
The VA Loan are easy to get since the banks assume less risk than conventional loans. This means that the U.S department of veteran 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 Rockville Maryland
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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 Rockville Maryland, 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 Rockville, 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 Rockville 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 Rockville Maryland
Introduction to Rockville, Maryland
Rockville is a Maryland city near Washington, D.C. Restaurants and shops are clustered around Rockville Town Square, with its lawn and seasonal ice-skating rink. The grounds of the early-1800s Beall-Dawson House include the Stonestreet Museum of 19th-Century Medicine. Civic Center Park has gardens and trails. Northeast, in Rock Creek Regional Park, Meadowside Nature Center has nature and culture exhibits. Rockville has an overall crime rate of 15 per 1,000 residents, making the crime rate here near the average for all cities and towns of all sizes in America. According to our analysis of FBI crime data, your chance of becoming a victim of crime in Rockville is 1 in 67. Rockville, Maryland’s cost of living is 46% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
- Croydon Creek Nature Center
- Rock Creek Trail – Running and hiking
- National Park Trust
- Lake Needwood – Lake for boating, fishing & forest hikes
- Beall-Dawson Museum – Restored 19th-century abode
- Rock Creek Regional Park – Woodland hiking trails & 2 lakes
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