There's no better way for Italia Florida military members and veterans to finance that Italia 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 Italia 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 ITALIA HOME WITH $0 DOWN
Now more than ever Italia mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Italia Florida first time home buyers. A VA mortgage loan is perfect for VA families and Italia 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 Italia 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, Italia VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Italia Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT ITALIA FLORIDA VA CITY
The village of Italia was founded in 1882 by Irish-born entrepreneur William MacWilliams (1840-1887). It was located at milepost 18 on the Florida Transit Railway, which ran from Fernandina on the Atlantic coast to Cedar Key on the Gulf of Mexico. The owner of the railroad, former Senator David Yulee, convinced MacWilliams to build a brick manufacturing facility here, and promised to buy the first million bricks. Bricks made at Italia were used in residential and commercial buildings in Fernandina and other locations in northeast Florida
In 1905, Thomas J. Shave moved from Georgia and built a turpentine still. Within five years, turpentine was the primary product of the area. Shave later sold the turpentine still to Joseph P. and Frederick H. Higginbotham, son and grandson of the first sawmill owner.
Italia’s main asset was always the railroad which carried the brick, lumber, shingles, turpentine and rosin to market. The fatal blow came in the 1920s when the railroad was diverted from Callahan to Gross, bypassing Italia. The businesses of Italia were no longer competitive and were forced to close or move to better locations. In the 1930s a new highway, State Route 200, was built through Italia, paralleling the old railroad from Yulee to Callahan, but it came too late to revive the economy of Italia.