A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country. You can take advantage of VA home loan benefits here in Coral Springs.
As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan. In most cases you can apply for your VA home loan wherever you live, which means you can use your VA home loan in Coral Springs or wherever you find yourself.
Now that you have served your country you deserve to start your civilian life from the comfort of a stable home.
Yes, it is required. It is a fee paid directly to the Department of Veteran's Affairs so that they can guarantee your loan and provide you with the opportunity to receive a loan with little to no money out of pocket.
Yes, it is required. It is a fee paid directly to the Department of Veterans Affairs so that they can guarantee your loan and provide you with the opportunity to receive a loan with little to no money out of pocket. Funding fees are also eligible to be waived if you are a disabled vet.
It depends on several factors including Whether you are Active Duty, Retired, Guard or Reserve and whether you this is a first-time use, subsequent use, or a cash-out refinance.
The amount of your down payment can also make an impact on your VA home loan. The fee can range from as little as 1.25% up to 3.3% of the loan.
Generally, the more money you put down the lower the VA funding fee.
Please contact us and we will help you to determine what the exact cost of the VA Funding Fee would be for your situation. We can also help if you already have a particular Coral Springs home in mind.
No, you can include the VA Funding Fee in your loan and pay the funding fee throughout your loan.
Yes, however with a VA loan if you are purchasing a new home the seller can pay for all or part of your closing costs.
A VA Streamline Refinance is a refinance option that is available if you already have a VA mortgage and you want to lower your interest rate with little or no out-of-pocket closing costs. You don't have to provide bank statements, W2s, job verification or paychecks.
These materials are not from HUD, VA, or FHA and were not approved by HUD or any other government agency.
Please contact us and we will help you to determine what the exact cost of the VA Funding Fee would be for your situation.