There's no better way for Orange Lake Florida military members and veterans to finance that Orange 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 Orange 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 ORANGE LAKE HOME WITH $0 DOWN
Now more than ever Orange Lake mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Orange Lake Florida first time home buyers. A VA mortgage loan is perfect for VA families and Orange 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 Orange 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, Orange Lake VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Orange Lake Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT ORANGE LAKE FLORIDA VA CITY
Ninety-five percent of the community is located in Marion County while the remaining five percent is located in northern neighbor Alachua. The entire lake is located in Alachua County but is under the jurisdiction of Marion County Water Management.
The Marion County portion of Orange Lake is part of the Ocala Metropolitan Statistical Area, while the Alachua County portion is part of the Gainesville Metropolitan Statistical Area.