There's no better way for Palma Sola Florida military members and veterans to finance that Palma Sola 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 Palma Sola 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 PALMA SOLA HOME WITH $0 DOWN
Now more than ever Palma Sola mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Palma Sola Florida first time home buyers. A VA mortgage loan is perfect for VA families and Palma Sola 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 Palma Sola 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, Palma Sola VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Palma Sola Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT PALMA SOLA FLORIDA VA CITY
Originally referred to as the Village of Palma Sola, the town was platted in 1886 and for a time was the largest city in Manatee County. As the story goes, a solitary palm tree at the edge of the Manatee River guided sailors to safe harbor and drew seamen to settle in the area. Early settlers included J.A. Felts, J.B. Rogers, A.T. Adams, John Flowers, and Asa Pillsbury, who built the Palma Sola Community Church.
Palma Sola's main local industries consisted of timber, fishing, and agriculture. Soon the town became known as a travel and vacation spot. The Palma Sola Hotel, built in the late 1800's was regularly filled to capacity with visitors coming in by train from Jacksonville or by boat from Tampa Bay. By the turn of the century Bradenton had become the largest town in size and population. Palma Sola became a quiet spot on the map, until the land boom of the 1920's. Land south of the original community began building up with large stately mansions, many of which are still around today. In 1921, perhaps to help cash in on the real estate market, a wooden bridge was built connecting the "new" Palma Sola area to Perico Island.
By the 1930's the bridge was already termed "rickety." It was eventually replaced with a modern one. On the north side of this new bridge old wood piles are still there from the former one. The original town, now sometimes referred to as Old Palma Sola, still sits up to the north, in amongst the more modern but still out-of-the-way neighborhood community. Submitted by: Jim Pike