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VA Loan St. Augustine Florida
VA Loan St. Augustine Florida
How Does A VA Home Loan Work in St. Augustine Florida?
CambridgeHomeLoan.com is #1 VA Loan lender in St. Augustine Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive St. Augustine Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 32080,32084,32085,32095 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 St. Augustine 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 St. Augustine 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 St. Augustine, 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 St. Augustine VA Loan, we are offering the following loans as well:
About St. Augustine Florida
Introduction to St. Augustine, Florida
St. Augustine, Florida, in St John’s county, is 36 miles SE of Jacksonville, Florida. The people of St. Augustine are in the Jacksonville metropolitan area.
St. Augustine and Nearby Attractions
- Cathedral of St. Augustine.
- Old St. Johns County Jail.
- St. Augustine Lighthouse and Museum.
- Zorayda Castle.
- Castillo de San Marcos National Monument.
- Anastasia State Park.
Things To Do In St. Augustine
In St. Augustine you have numerous recreational options. During the sunny, mild afternoons of winter you can take a stroll around the city streets as well as check out its shopping areas with several book shops and antique stores. From November through February, the city celebrates the Nights of Lights celebration around town. Apart from that, you can also enjoy water sports, ghost tours, cozy carriage rides or boat and kayak excursions through the local rivers and creeks.
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