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VA Loan Tamarac Florida
VA Loan Tamarac Florida
How Does A VA Home Loan Work in Tamarac Florida?
CambridgeHomeLoan.com is #1 VA Loan lender in Tamarac Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Tamarac Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 33068,33309,33319,33320,33321,33351,33359 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 Tamarac 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 Tamarac 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 Tamarac, 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 Tamarac VA Loan, we are offering the following loans as well:
About Tamarac Florida
Introduction to Tamarac, Florida
The Florida city of Tamarac is located in Broward County, about 13 miles northwest of Fort Lauderdale and 40 miles north of Miami. The city is bordered by Margate to the north and Sunrise and Lauderhill to the south. It is easily accessible from the Sawgrass Expressway and the Florida Turnpike and is also close to Interstate I-95.
Incorporated in 1963, Tamarac got its unique name from the original business of its developer; a young millionaire from the Midwest named Ken Behring. Having originally made his fortune with a chain of carwash centers called Car-A-Mat, Behring in the early 1960s bought land and built homes and communities in a region which was then little more than a fledgling senior retirement community. For a city name he chose Tamarac, which is “Car-A-Mat” spelled backwards. Although still predominantly a retirement community, Tamarac is attracting an increasing number of young families and commuters who live here and work in other neighboring cities.
Arts and Recreation in Tamarac
Tamarac boasts a number of parks which provide a variety of amenities and recreational opportunities for residents and visitors alike. Veteran’s Park has a veteran’s memorial. Sunset Point Park features a walking trail, playground and a small amphitheater. Caporella Park offers picnic tables, grills, playground and a lake with a fishing pier. The Tamarac Sports Complex includes a hockey rink, tennis and basketball courts, fields for baseball, softball, football and soccer, as well as a gazebo, covered playground and picnic tables.
The Tamarac Theatre of Performing Arts is one of South Florida’s finest venues for live stage entertainment. In existence for over 25 years, the theater features a regular schedule of stage plays and musicals, as well as a Children’s Theater program that teaches all the performing arts, covering dancing, singing, acting and stagecraft. Tamarac’s central location provides easy access to numerous attractions in nearby cities and towns. To name just a few, these include the Fort Lauderdale Historical Museum, the Anne Kolb Nature Center in Hollywood, the Fort Lauderdale Museum of Art, the Graves Museum of Archaeology & Natural History in Dania Beach, the African American Research Library and Cultural Center in Fort Lauderdale and the City of Plantation Historical Museum.
Area sports can be found at a number of nearby places. The International Swimming Hall of Fame is one of the principal attractions in nearby Fort Lauderdale Beach. Fort Lauderdale is also the Spring Training home of baseball’s Baltimore Orioles. The BankAtlantic Center in nearby Sunrise is the home arena of the NHL’s Florida Panthers hockey team. The city of Miami, less than an hour away from Tamarac, is the home of three major-league professional franchises: the Dolphins (NFL football), the Heat (NBA basketball) and baseball’s Florida Marlins.
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