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.

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

9/10  Wynnebrook Elementary School

10 | Public, PK-5 | 857 students
9/10  Golden Grove Elementary School
 8 | Public, PK-5 | 651 students

10/10 Bak Middle School of the Arts
 24 | Public, 6-8 | 1,381 students
8/10 Renaissance Charter School at West Palm Beach
 46 | Charter, K-8 | 994 students
 23 | Public, 9-12 | 1,382 students
 43 | Charter, 9-12 | 854 students

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

What are the VA Home Loan Requirements?

To get a VA loan in West Palm Beach, 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 honourably 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, you need to get a Certificate of Eligibility to prove to lenders that you are qualified for a VA loan.

Key benefits of VA Home Loan that we provide

  • 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.

What To Do In West Palm Beach Florida

West palm beach home loan

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.

west palm beach loan

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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