There's no better way for Svea Florida military members and veterans to finance that Svea 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 Svea 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 SVEA HOME WITH $0 DOWN
Now more than ever Svea mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Svea Florida first time home buyers. A VA mortgage loan is perfect for VA families and Svea 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 Svea 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, Svea VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Svea Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT SVEA FLORIDA VA CITY
The original settlers were Swedes and Norwegians. At the turn of the 20th century, a real estate promoter lured immigrants to Florida from Chicago. The first homesteaders arrived at Svea in the late 19th century. They platted out the town and recorded their dream community in what was then Walton (now Okaloosa) County.
The platting was controversial because the Norwegians had a name in the hat also, but there were more Swedes than Norwegians, so they won out. Mrs. Ouida Grimes recalled stories told by her in-laws. Svea means "extraordinarily beautiful" - the town grew slowly - three stores, a post office and a small cotton gin and saw mill and railroad depot provided work for a few people.
A school was built in 1937 and the town had two churches, Svea Baptist and Svea Assembly of God. But, by the time the churches were built, most of the Swedes and Norwegians had left. Today, there is no sign of the train depot, the stores are gone and a small cemetery remains as do several small houses.