There's no better way for Pennichaw Florida military members and veterans to finance that Pennichaw 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 Pennichaw 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 PENNICHAW HOME WITH $0 DOWN
Now more than ever Pennichaw mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Pennichaw Florida first time home buyers. A VA mortgage loan is perfect for VA families and Pennichaw 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 Pennichaw 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, Pennichaw VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Pennichaw Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT PENNICHAW FLORIDA VA CITY
Pennichaw was one of several small settlements along the Enterprise Branch (E-Branch) of the Atlantic Coast, St. Johns & Indian River Railway, which later became the Florida East Coast Railway. The railroad line was built between 1883 and 1885, connecting Enterprise and Titusville. The name Pennichaw comes from a Seminole word meaning "turkey gobbler". At its peak, Pennichaw had a turpentine still and commissary.
The railroad through Pennichaw fell into disuse after World War II, and by the 1970, the rails had been removed, leaving nothing but cross ties, gravel and the occasional trestle. As the railroads and the commerce they brought disappeared, small communities such as Pennichaw declined. A few residential properties remain in the vicinity of Pennichaw.
The East Central Regional Rail Trail corridor, which is more than 50 miles long, will be developed and managed by Volusia and Brevard counties. The first 5.7 miles opened in early 2011.