There's no better way for Deering Bay Florida military members and veterans to finance that Deering Bay 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 Deering Bay 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 DEERING BAY HOME WITH $0 DOWN
Now more than ever Deering Bay mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Deering Bay Florida first time home buyers. A VA mortgage loan is perfect for VA families and Deering Bay 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 Deering Bay 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, Deering Bay VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Deering Bay Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT DEERING BAY FLORIDA VA CITY
Deering Bay Yacht and Country Club sits on over 220 acres of land rich in history, flora and fauna. Here is a little background on how Deering Bay came to be known as South Florida's hidden gem.
The area where Deering Bay sits, which used to be known as Cutler, was first explored in the late 1800's when William C. Cutler, a leading practitioner of medicine and surgery from Chelsea, Massachusetts visited the area and fell in love. Famous for its high ground, its hardwood hammock, its lush vegetation and its accessibility to Biscayne Bay the area remained hidden to most early visitors for some time. Although Dr. Cutler's friend William Fuzzard cut a road through the hammock to Coconut Grove sometime after 1883, known today as the State Historic Highway Old Cutler Road, Cutler remained a place apart. In 1900, Dr. S. H. Richmond opened the Richmond Cottage that catered to the kind of people who were attracted to Cutler's natural beauty and seclusion. One of those people was Charles Deering, famously responsible for the creation of the Deering Estate and Villa Vizcaya, local landmarks.
Over the next few years, the property was declared surplus and eventually the University of Miami and Dade County acquired the land in 1949 from the U.S. Government. In October of 1956, developer Ben Cooper leased the land from the University and the USDA to build Kings Bay Country Club. His plan was to use the country club as an amenity for the 68 acre, 150 unit housing development by the same name. Kings Bay Country Club thrived under the ownership of Washington, DC businessman Gustave Ring and grew into a well known golf course, lodge and country club throughout the region.