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VA Loan West Palm Beach
What Is A VA Loan?
A VA loan is a home loan given by private lenders and secured by the U.S department of veterans’ affairs. It enables U.S veterans, the active-duty service members, and widowed service members’ spouses 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 and does not need a down payment.
PREQUALIFY FOR YOUR VA LOAN HERE
ENTER INFORMATION BELOW!
How Does A VA Home Loan Work in West Palm Beach, Florida?
VA home loan are non-conventional home loans. Since the VA loans are government-insured they do not have the conventional mortgage system that you get from banks and other lenders.
The non-conventional home loans 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.
West Palm Beach is a city in and the county seat of Palm Beach County, Florida, United States. It is located immediately to the west of the adjacent Palm Beach, which is situated on a barrier island across the Lake Worth Lagoon.
West Palm Beach is a principal city of the Miami metropolitan area, which was home to 6,138,333 people in 2020. It is the oldest incorporated municipality in the South Florida area, incorporated as a city two years before Miami in November 1894.
According to the United States Census Bureau, this city has a total area of 58.2 square miles (151 km2), of which 55.1 square miles (143 km2) is land and 3.1 square miles (8.0 km2) (5.26%) is water.
Where In West Palm Beach Should I Buy A Home
The West Palm Beach real estate market is booming like most of the country today. Some of the neighborhoods with the highest appreciation that should continue to be the best investments in the next few years include:
Wilder Avenue/Duncan Avenue, W Shadyside Cir/Gun Club Road, Glenmoore Drive/Village Blvd.Forest Hill Blvd/Pinehurst Drive.
We are serving all of West Palm Beach zip-codes including- 33401, 33402, 33403, 33405, 33407, 33408, 33409, 33410, 33411, 33412, 33413, 33414, 33415, 33416, 33417, 33418, 33419, 33420, 33421, 33422.
What are the best rated schools in West Palm Beach
- Eligible homebuyers are not required to have a down payment – 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.
Benefits of VA Loan
- No Down Payment- This is far and away the program’s signature benefit. Qualified VA Loan borrowers can purchase up to a county’s conforming loan limit without a down payment. Those limits can change every year and are higher in more expensive areas.
- No Private Mortgage Insurance- VA loan do come with a mandatory funding fee that goes directly to the Department of Veterans Affairs. Borrowers with a service-connected disability are exempt from paying this fee, which helps keep the program going for future generations.
Looser Credit Requirements- Credit score requirements have started to thaw, but that hasn’t made life significantly easier for many military buyers. The credit benchmarks set by both conventional and FHA lenders can still be tough to hit.
Not just West Palm Beach VA Loans, we are offering following loans as well:
FHA First Time Home Buyer Loans, QM Loans for business owners
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.
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.
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.
CambridgeHomeLoan.com takes an active part in helping our customers achieve their long term goals. Fast closings and refinancing into better rates when it matters. Feel free to contact us with your loan scenario at 800-826-5077.
Fix and Flip or Fix To Rent Loans can be closed in just 5-7 days. If you would like to prepare for your first deal contact us for a soft quote and our due diligence check list.
From your first investment real estate loan to putting together a portfolio loan for all of your investment properties, CambridgeHomeLoan.com is the resource that can help you from the very beginning of your investment career.
CambridgeHomeLoan.com can manage all of your real estate loans from ground up construction, spec houses to fix and flip and fix to rent home loans. When you want to get your price and close in just a few days to easy rehab draws that can help you get your project done on time and in budget. Give us a call today with your project outline and we can give you the possibilities.
West Palm Beach is a city in and the county seat of Palm Beach County, Florida, United States. It is located immediately to the west of the adjacent Palm Beach, which is situated on a barrier island across the Lake Worth Lagoon.
West Palm Beach is a principal city of the Miami metropolitan area, which was home to 6,138,333 people in 2020. It is the oldest incorporated municipality in the South Florida area, incorporated as a city two years before Miami in November 1894.
According to the United States Census Bureau, this city has a total area of 58.2 square miles (151 km2), of which 55.1 square miles (143 km2) is land and 3.1 square miles (8.0 km2) (5.26%) is water.
We are serving all of West Palm Beach zip-codes including- 33401, 33402, 33403, 33405, 33407, 33408, 33409, 33410, 33411, 33412, 33413, 33414, 33415, 33416, 33417, 33418, 33419, 33420, 33421, 33422.
What To Do In West Palm Beach Florida
Clematis Street is the historical heart of Downtown West Palm Beach. Starting at Flagler Drive on the Intracoastal Waterway, walk west to experience the indigenous flavor of the area’s colorful boutiques, nightclubs, live music, restaurants and historical landmarks. This street has it all from great shopping to food, dancing and art galleries. Worth a visit when in West Palm Beach Florida.
The Palm Beach Zoo is home to over 550 animals that reside on 23 shaded acres. he lush grounds include an interactive play fountain, a Conservation Station that includes a Wildlife Carousel and Safari Train for children to ride, and interactive wildlife presentations.
Expert Mortgage and Investment Real Estate Advice
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