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VA Loan Sanibel Florida
VA Loan Sanibel Florida
How Does A VA Home Loan Work in Sanibel Florida?
CambridgeHomeLoan.com is #1 VA Loan lender in Sanibel Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Sanibel Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 33957 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 Sanibel 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 Sanibel 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 Sanibel, 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 Sanibel VA Loan, we are offering the following loans as well:
About Sanibel Florida
Introduction to Sanibel, Florida
Sanibel is a city on Sanibel Island in southwest Florida. It’s known for beaches filled with shells that wash ashore from the Gulf of Mexico. Lighthouse Beach has a fishing pier, the towering, 19th-century Sanibel Lighthouse and a boardwalk winding through marshes. The Causeway Beaches are a water-sports hub and have picnic facilities. J.N. “Ding” Darling National Wildlife Refuge covers about half of the island.
Blind Pass Beach
Bailey-Matthews Shell Museum
Expert Mortgage and Investment Real Estate Advice
Cash Grants for First Time Home Buyers When was the last time somebody credible offered you thousands of dollars in free money? For most of