There's no better way for Bay Point, Monroe County Florida military members and veterans to finance that Bay Point, Monroe County Florida home than with a VA mortgage. With Florida-Mortgage-Lenders.com, you're sure to get the best VA mortgage deal to finance 100 percent of your home. You may qualify for a loan worth more than $417,000. To find out, complete our simple form as the first step in obtaining a Bay Point, Monroe County Florida VA mortgage.
FLORIDA VA MORTGAGE LENDERS – VA MORTGAGE ADVANTAGES INCLUDE:
- Minimum 550 Credit Score!
- Seller Paid Cloing Cost up to 4%
- Insured by the Veterans Administration
- Seller paid closing cost up to 4% of the sale price
- 100% Financing - No Monthly mortgage insurance.
- VA mortgage Amounts to $417,000
- Jumbo VA loans to $700,000
- VA Streamlined Refinance Available
- Funding Fee can be Financed
- Competitive Rates
- Easier Qualifying No Credit Score VA Mortgages OK
USE THE VA MORTGAGE TO PURCHASE A BAY POINT, MONROE COUNTY HOME WITH $0 DOWN
Now more than ever Bay Point, Monroe County mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Bay Point, Monroe County Florida first time home buyers. A VA mortgage loan is perfect for VA families and Bay Point, Monroe County Florida first time home buyers because the borrower can finance 100% of the home's value and purchase with $0 down payment. And, the seller can credit up to 4% to cover all of your closing cost.
THE VA MORTGAGE IS EASIER TO QUALIFY FOR!
Because many Bay Point, Monroe County Florida first-time home buyers typically don't have a lot of established credit, getting qualified for a conventional mortgage can be difficult. The credit and income standards are not as strict. But with a VA mortgage loans are much easier to qualify for making the process easier.
Because the VA mortgage is backed by the government, Bay Point, Monroe County VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Bay Point, Monroe County Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT BAY POINT, MONROE COUNTY FLORIDA VA CITY
Bay Point Monroe County was created in 1823. It was named for James Monroe, the fifth President of the United States, who served from 1817 to 1825.
According to the U.S. Census Bureau, the county has a total area of 3,738 square miles (9,680 km2), of which 983 square miles (2,550 km2) is land and 2,754 square miles (7,130 km2) (73.7%) is water.
In 2000 there were 35,086 households out of which 20.80% had children under the age of 18 living with them, 46.80% were married couples living together, 7.30% had a female householder with no husband present, and 41.90% were non-families. 28.80% of all households were made up of individuals and 8.20% had someone living alone who was 65 years of age or older. The average household size was 2.23 and the average family size was 2.73.