There's no better way for Mountain Lake Florida military members and veterans to finance that Mountain Lake 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 Mountain Lake 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 MOUNTAIN LAKE HOME WITH $0 DOWN
Now more than ever Mountain Lake mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Mountain Lake Florida first time home buyers. A VA mortgage loan is perfect for VA families and Mountain Lake 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 Mountain Lake 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, Mountain Lake VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Mountain Lake Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT MOUNTAIN LAKE FLORIDA VA CITY
Mountain Lake is located in the ridge country of Central Florida, and was developed by Baltimorean Frederick Ruth. With proximity close to trains from the North which would bring residents down for ‘the season’, Ruth assembled 3500 acres and engaged Frederick Law Olmsted, Jr. to lay out 600 acres of the property for the residences and Seth Raynor to design the golf course.
This same trio also went on to design and develop Fishers Island in the 1920s. There are some notes in the archives at Mountain Lake that Ruth spoke to Donald Ross (who did nearby Lake Wales Country Club) prior to selecting Raynor, however Raynor was chosen and Mountain Lake became the first development of its kind.