VA Loan St. Petersburg Florida

CambridgeHomeLoan.com is #1 VA Loan lender in St. Petersburg 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. Petersburg Florida real estate market. We are serving all of St. Petersburg zip-codes including zip codes 33701, 33702, 33703, 33704, 33705, 33706, 33707, 33708, 33709, 33710, 33711, 33712, 33713, 33714, 33715, 33716, 33730 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 St. Petersburg 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.

PREQUALIFY FOR YOUR VA LOAN HERE
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First Name

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Date Of Birth

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Number of years at address

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Subject Property Or Proposed

City

State

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Loan Amount Est.

Company Name

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Emp. State

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What are the VA Home Loan Requirements?

To get a VA loan in St. Petersburg 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. Petersburg, 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.

Get a Quote From Nation's #1 VA Lender

Loans Custom Built for Real Estate Investors

Whether you buy and hold, fix and flip, or build to rent, cambridgehomeloan.com has the capital for your investment needs
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 St. Petersburg Florida VA Loan, we are offering following loans in 47 states 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 St. Petersburg Florida

St. Petersburg, Florida, officially founded in 1888, when John C. Williams purchased the land and extended his and his business partner, Peter Demen’s, railroad, the Orange Belt Railway, through the town. Williams was relocating to Florida from the industrial area of Detroit, Michigan in an effort to aid his chronic asthma. When Williams found himself a trusted business partner in Demens, he would also find the inspiration for the name of the town – St. Petersburg after St. Petersburg, Russia, where Demens was born. St. Petersburg, though a majority of its local economy historically has been based on tourism, recent years has seen a larger increase of permanent residents.

Today, St. Petersburg, Florida is known for the countless amount of activities to do. Its location right on the waters of Tampa Bay give access to boating, fishing, kayaking, parasailing, and many other aquatic activities. St. Petersburg also neighbors the city of Tampa, giving access to a busy city lifestyle. But being more laid back, St. Petersburg includes many delicious restaurants, cafes, cute shops and boutiques, unique bars, and is continuing to grow its local town. All the amenities of St. Petersburg, along with it being named of the safest mid-sized cities to live in, makes it one of the best places to reside in.