100% VA FLORIDA MORTGAGE LENDERS
VA Florida 100% mortgage lenders.com specializes in good and bad credit VA mortgage loans even no credit score and VA Florida 100% VA condo loans in every city and county in VA Florida 100%. VA mortgages are guaranteed by the Department of Veterans Affairs (VA). These VA Florida 100% VA mortgage loans were established to provide transition assistance and other benefits to men and women who served or are serving in the Armed Forces of the Nation. This includes the Army, Navy, Air Force, Marines, Reservists, National Guardsmen, and certain surviving spouses. Also, if you are a disabled veteran, you may qualify for additional VA Florida 100% VA mortgage benefits. Including reduced or elimination of VA Florida 100% property taxes. We are proud to provide 100% Bad credit VA Florida 100% VA mortgage approvals down to 550 fico score va purchase or VA Florida 100% VA mortgage refinance!
VA Florida 100% VA mortgage benefits that only come with a VA mortgage:
- Easier qualification standards
- Less strict credit and income standards
- 100% Financing = No down payment required.
- Bad Credit Score VA loans Down to 550!
If you are not a veteran check 100% Down Payment Assistance Florida Mortgage Lenders
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The VA Mortgage guaranty program does not impose a maximum amount that a VA Florida 100% veteran may borrow using a VA Mortgage but the VA Florida 100% VA Loan limits the maximum guaranty amount to $453,100.
VA HOME BUYER LOANS or VA MORTGAGE REFINANCE
VA Mortgage Lenders Serving Every CIty and County in VA Florida 100%!
SAME DAY APRPOVALS! CALL NOW 954-667-9110
VA Florida 100% VA MORTGAGE ELIGIBILITY REQUIRMENTS
You must have suitable credit score MINIIMUM 550, sufficient income, and a valid Certificate of Eligibility (COE) to Qualify for a VA Florida 100% VA mortgage. The VA Florida 100% home must be for your own personal occupancy. The approval requirements to obtain a COE are listed below for Service members and VA Florida 100% Veterans, spouses, and other eligible beneficiaries. VA mortgage loans can be used to:
- Buy a VA Florida 100% home, a VA Florida 100% condominium unit in a VA-approved project
- Simultaneously purchase and improve a VA Florida 100% home.
- Improve a VA Florida 100% home by installing energy-related features or making energy efficient improvements
- Get VA approved to buy a VA Florida 100% manufactured home w/land lot.
- VA Florida 100% Eligibility Requirements for VA Mortgage Loans
- Service members and VA Florida 100% Veterans- To obtain a COE, you must have been discharged under conditions other than dishonorable and meet the service requirements below
ESTABLISHED TRADE LINES
VA Florida 100% VA Mortgage lenders allow for both traditional and alternative credit trade lines. However, most VA Florida 100% mortgage lenders require that you must have at least two lines of credit that you have maintained for at least a 12 month payment history.
Alternative lines of credit for NO CREDIT SCORE MORTGAGE APPROVALS for VA mortgage applicants are used to provide the ability and willingness to pay debt. VA alt trade lines defined as continuing proof of payment for direct service provider obligations, such as electirc, cell-phone, home-phone bills, rent history, car insurance, which require a timely monthly payment in order to establish a 12 month payment history. To be used as an alternative credit trade line must have existed for at least 12 months.
VA mortgage lenders do not consider absence of a credit history as an adverse factor. However, a minimum 12 month history of the VA mortgage applicant, including residence, income, assets and credit must be proven.
Funding Fee Tables
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Note:In 2011,funding fees were lower from October 1 through October 5,and November 18 through November 21. The enactment of Public law 112–56,signed November 21,2011,establishes rates at the levels below through September 30,2016.Prior to September 30,2016,we will publish updated information on the fees for loans closed after that date.
Cash-OutRefinancing Loans:
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Note:Thereare no reduced funding fees for regular refinances based on equity. Reduced fees only apply to purchase loans where a down payment of atl east
5 percent is made.
*The highersubsequent use fee does not apply to these types of loans if the Veteran’s only prior use of entitlement was for a manufactured home loan.
VA Status | Qualifying Wartime & Peacetime Periods | Qualifying Active Duty Dates | Minimum Active Duty Service Requirement |
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VA Florida 100% Veteran | WWII | 9/16/1940 – 7/25/1947 | 90 total days |
Post-WWII | 7/26/1947 – 6/26/1950 | 181 continuous days | |
Korean War | 6/27/1950 – 1/31/1955 | 90 total days | |
Post-Korean War | 2/1/1955 – 8/4/1964 | 181 continuous days | |
Vietnam War | 8/5/1964 – 5/7/1975 *For Veterans who served in the Republic of Vietnam, the beginning date is 2/28/1961 | 90 total days | |
Post-Vietnam War | 5/8/1975 – 9/7/1980 *The ending date for officers is 10/16/1981 | 181 continuous days | |
24-month rule | 9/8/1980 – 8/1/1990 *The beginning date for officers is 10/17/1981 |
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Gulf War | 8/2/1990 – Present |
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Currently On Active Duty | Any | Any | 90 continuous days |
VA Florida 100% National Guard & Reserve Member | Gulf War | 8/2/1990 – Present | 90 days of active service |
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*If you do not meet the minimum VA service service requirements, you may still be eligible if you were discharged due to (1) hardship, (2) the convenience of the government, (3) reduction-in-force, (4) certain medical conditions, or (5) a service-connected disability.
Spouses The spouse of a VA Florida 100% Veteran can also apply for home loan eligibility for a VA mortgage under one of the following conditions:
- Un remarried spouse of a VA Florida 100% Veteran who died while in service or from a service connected disability, or
- Spouse of a VA Florida 100% Service members missing in action or a prisoner of war
- Surviving VA Florida 100% spouse who remarries on or after attaining age 57, and on or after December 16, 2003
(Note: a surviving VA Florida 100% spouse who remarried before December 16, 2003, and on or after attaining age 57, must have applied no later than December 15, 2004, to establish home loan eligibility. VA must deny applications from surviving spouses who remarried before December 6, 2003 that are received after December 15, 2004.) - Surviving VA Florida 100% Spouses of certain totally disabled veterans whose disability may not have been the cause of death
BAD CREDIT VA Florida 100% VA MORTGAGE LIMITS
Although VA Florida 100% VA mortgage do not have a maximum dollar amount, VA Florida 100% mortgage lenders who sell their VA loans in the secondary market must limit the size of those loans to the maximums prescribed by GNMA (Ginnie Mae) which is currently 417,000..
100% VA Florida 100% VA HOMESTEAD EXEMPTION
Any VA Florida 100% homestead by a veteran who was honorably discharged with a service-connected permanent and total disability and for whom a letter from the United States Government or VA or its predecessor has been issued certifying that the veteran is totally and permanently disabled is exempt from taxation, provided the veteran is a permanent resident of the state on January 1 of the VA Florida 100% tax year for which property exemption is being claimed or on January 1 of the year the veteran died.
BENEFITS OF A VA Florida 100% VA MORTGAGE LOAN
- No money down for VA Florida 100% VA loans up to $417,000.
- Seller paid closing cost up to 4%.
- No PMI (Private Mortgage Insurance)
- Government regulated VA Florida 100% VA loan closing costs.
- VA streamlined refinance loans can be closed in 7 to 14 days
- VA BAD CREDIT VA Florida 100% MORTGAGE DOWN TO 580 FICO.
- No limit to the number of times a veteran may use a VA mortgage.
- NO CREDIT SCORE VA Florida 100% VA HOME LOANS USING ALTERNATE TRADE LINES.
In addition to these benefits, the VA Mortgage Loan program offers default assistance to veteran borrowers in financial difficulty through a higher level of service and a greater range of alternatives to avoid foreclosure. Delinquency and foreclosure rates for VA mortgage loans are substantially less because of the VA mortgage protections in place.
www.VA Florida 100%-Mortgage-Lenders.com
VA VA Florida 100% MORTGAGE FUNDING FEES
The Veterans Administration assesses a Funding Fee to all VA loans between .5% and 3.3% of the loan amount. The VA mortgage funding fee is added into the VA mortgage amount of the loan to be paid over the life of your VA mortgage loan. The VA mortgage Funding Fee replaces the much higher priced VA Florida 100% (PMI) Mortgage Insurance required when you get a conventional home loan. Disabled VA Florida 100% Veteran homebuyers may even qualify to get the fee waived completely.
QUALIFYING FOR A VA Florida 100% VA MORTGAGE
The VA offers excellent qualifying standards. The VA does not use credit scoring as their primary analysis of the loan. VA Florida 100% VA mortgage applicants with some past financial difficulties may still qualify for a VA mortgage loan. The VA mortgage can be a tremendous savings compared to the cost of conventional loans for those veterns with past credit issues.
VA Florida 100% VA MORGAGE REFINANING
VA mortgage loans have built in features allowing a VA Florida 100% VA mortgage to be refinanced to a lower interest rate without all of the criteria normally red tape associated with a conventional mortgage. This is called an Interest Rate Red
VA INFORMATION LINKS
VA HOME LOAN AFTER BANKRUPTCY |
VA MORTGAGE REFINANCE VA Florida 100% |
THE VA Florida 100% VA LOAN GUARANTEE |
VA LOAN VA Florida 100% |
BAD CREDIT VA MORTGAGE LOANS |
BAD CREDIT VA Florida 100% VA MORTGAGE |
SERVING ALL VA Florida 100% VA BASES INCLUDING
VA Florida 100% VA Mortgage lenders
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Camp Blanding Starke
VA Florida 100% VA Mortgage Approvals At All VA Florida 100% Air Force Bases
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Eglin AFB Valparaiso
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Hurlburt Field Mary Esther
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MacDill AFB Tampa
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Patrick AFB Brevard
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Tyndall AFB Panama City
VA Florida 100% VA Mortgage Loans At VA Florida 100% Coast Guard Bases
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Air Station Clearwater Clearwater
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District 7 Miami
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ISC Miami Miami Beach
VA Florida 100% VA Mortgage Approvals At All Marine Corps Bases
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Blount Island Command Jacksonville
VA Florida 100% VA Mortgage Approvals At All VA Florida 100% Navy Bases
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AUTEC Complex West Palm Beach
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NAS Jacksonville Jacksonville
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NAS Key West Key West
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NAS Pensacola Pensacola
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NAS Whiting Field Milton
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Naval Air Warfare Center Orlando
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Naval Hospital Jacksonville Jacksonville
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Naval Hospital Pensacola Pensacola
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NS Mayport Duval
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NSA Panama City Panama City
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Training Center Corry Pensacola