There's no better way for Melbourne Shores Florida military members and veterans to finance that Melbourne Shores 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 Melbourne Shores 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 MELBOURNE SHORES HOME WITH $0 DOWN
Now more than ever Melbourne Shores mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Melbourne Shores Florida first time home buyers. A VA mortgage loan is perfect for VA families and Melbourne Shores 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 Melbourne Shores 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, Melbourne Shores VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Melbourne Shores Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
MELBOURNE SHORES FLORIDA VA CITY DATA
Population in July 2007: 7,307.
Males: 3,613 (49.5%)
Females: 3,694 (50.5%)
Median resident age: 53.1 years
Florida median age: 38.7 years
Zip code: 32951
Estimated median household income in 2013: $62,632 (it was $54,043 in 2000)
Melbourne Shores-Floridana Beach: $62,632
Estimated per capita income in 2013: $41,649 (it was $34,932 in 2000)
Melbourne Shores-Floridana Beach CCD income, earnings, and wages data
Estimated median house or condo value in 2013: $249,460 (it was $160,800 in 2000)
Melbourne Shores-Floridana Beach: $249,460
Mean prices in 2013: All housing units: $173,273; Detached houses: $180,730; Townhouses or other attached units: $156,507; In 2-unit structures: $219,026; In 3-to-4-unit structures: $183,581; In 5-or-more-unit structures: $224,992; Mobile homes: $57,692; Occupied boats, RVs, vans, etc.: $91,726
Melbourne Shores-Floridana Beach, FL residents, houses, and apartments details