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VA Loan West Melbourne Florida
VA Loan West Melbourne Florida
CambridgeHomeLoan.com is #1 VA Loan lender in West Melbourne Florida. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive West Melbourne Florida real estate market. We are serving all of Apalchicola zip-codes including zip codes 32904, 32912 and throughout Florida, Maryland and 47 other US states.
How Does A VA Home Loan Work in West Melbourne 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.
VA Home Loan West Melbourne 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 West Melbourne 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 West Melbourne, 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 West Melbourne VA Loan, we are offering the following loans as well:
About West Melbourne Florida
Introduction to West Melbourne, Florida
West Melbourne, Florida, in Brevard county, is 2 miles W of Melbourne, Florida (center to center) and 110 miles E of Tampa, Florida.. The city is located inside the Melbourne-Titusville-Palm Bay metropolitan area.
West Melbourne and Nearby Attractions
- Brevard Museum of Art and Science.
- Pelican Island National Wildlife Refuge.
- Brevard Zoo.
- Historic Bok Sanctuary.
- Kennedy Space Center.
Things To Do In West Melbourne
There are numerous parks in West Melbourne including Bryant Adams Park, Clements Wood Park, Hammock Lake Park, Jan Lieson Crossroads Park and Westbrooke Park. The Brevard Museum of Art and Science has information on the area’s history. There are also two historical sites – Historic Bok Sanctuary and the Zora Neale Hurston House situated nearby.
Expert Mortgage and Investment Real Estate Advice
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