There's no better way for Summerland Key Florida military members and veterans to finance that Summerland Key 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 Summerland Key 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 SUMMERLAND KEY HOME WITH $0 DOWN
Now more than ever Summerland Key mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Summerland Key Florida first time home buyers. A VA mortgage loan is perfect for VA families and Summerland Key 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 Summerland Key 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, Summerland Key VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Summerland Key Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT SUMMERLAND KEY FLORIDA VA CITY
Beginning in 1948, Henry Hudgins, the father of modern Summerland Key, started developing Summerland from an uninhabited tropical wilderness to an upscale residential neighborhood.
In the fall of 1948 two hurricanes hit the Lower Keys with tidal surges that rose six feet and caused much flood damage to the area. After Hudgins saw the high water mark on Summerland he decided that homes built in his development would have to be elevated. He purchased two surplus military buildings and had his construction crews secure them atop utility poles at the foot of what is Dobie Street today.
During the development of Summerland Key, the nearest post office was on Ramrod Key and had been there since 1919. After years of serious effort to get a post office on Summerland, Hudgins got his chance. After the postmaster of the Ramrod post office retired, she suggested that it be moved to Summerland and Hudgins was named postmaster.