Backed by the U.S. Department of Veterans Affairs, VA home loans are designed to help active-duty military personnel and veterans become homeowners at an affordable cost. These mortgages offer unique benefits that simply can’t be matched by conventional and FHA home loans.
Core Financial specializes in the area of VA mortgages in Florida, with licensed loan originators who have served in the U.S. military and understand the complexities of the program. We make the VA loan process fast and easy to understand.
You’ve done your best serving our country. How about letting Core Financial do its best to help you purchase or refinance your home?!
Whether you’re an active member of the Army, Navy, Air Force, Marines, Coast Guard or National Guard, a veteran, a Reservist or surviving spouse of a veteran; or if you’re a cadet at the Air Force, U.S. Military or Coast Guard Academy, or a midshipman at the U.S. Naval Academy, you may qualify for a VA mortgage and the many benefits that come with it.
If you are looking for a VA Home Mortgage and you live in Naples Florida, Bonita Springs Florida, Fort Myers Florida or Cape Coral Florida, we have a Core Mortgage specialist here ready to work for you.
The VA doesn’t make actual loans, nor does it set interest rates. Instead, it partially guarantees loans and refinancing through private lenders such as banks, credit unions and mortgage companies. This guarantee encourages lenders to offer borrowers better terms than conventional loans, such as:
- No Down Payment:Most home mortgage programs require at least a small down payment ranging from 3% to 20% or more of the home’s purchase price. VA Home Mortgages allow borrowers to finance 100% of the price of the home. The VA also limits the closing costs lenders can charge to VA borrowers.
- Flexible Loan Limits: Unless borrowers are putting no money down, there are generally no loan limits. The VA loan limit for 100% financing, however, is $510,400 in most markets in 2020. But there are exceptions! In more expensive “high-cost” counties, the limits are higher.
- No Mortgage Insurance Premiums :Most lenders will require you to pay some form of mortgage insurance premium if you make a down payment under 20%, including for FHA loans. A VA loan requires no mortgage insurance of any kind, making these mortgages very affordable. There may be a special “funding fee” at closing, which can be added to the loan amount. They range from 1.25% to 3.60% of the loan amount, depending on various factors, but are usually waived for veterans with service-related disabilities. If a veteran is receiving any VA disablity rating the funding fee is waived.
- No Prepayment Penalties: With a VA mortgage, borrowers can sell their homes at any time without restrictions or fees. Borrowers are also free to refinance their existing VA loans into lower interest rate VA loans or non-VA loans.
Our mortgage brokers specialize in home mortgage loans such as USDA Home Mortgage, Conventional Mortgage Loans, FHA Mortgage Loans, VA Home Mortgage Loans, Jumbo Mortgage Loans, Refinance Mortgage Loans, and Reverse Mortgage Loans. Our mortgage offices are located in Naples Florida and Lehigh Acres Florida but we service the below Florida cities:
Who Qualifies for VA Mortgages?
VA loans are somewhat easier to qualify for than conventional mortgages. You will need a Certificate of Eligibility from the VA to show that you meet the military service requirements and will have to prove your ability to repay the loan, as you would with any other type of mortgage.
The VA doesn’t set a minimum credit score for applicants, but lenders often have their own internal requirements. Compared to other loan programs, however, VA loan guidelines are more flexible than other types of mortgage loans, allowing for lower credit scores and higher debt-to-income ratios.
Core Financial is dedicated to meeting the home financing needs of active duty military and veterans.
We can help you learn more about VA home loans in Florida, find out if you qualify, and avoid the red tape and bureaucratic hassles that often come along with government loan programs.
Call us 24/7 at (239) 287-3691 to find out how to get the VA benefits you’ve earned!
NMLS #25258 Rates, Programs, Guidelines are subject to change without notification.
This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.
If you’ve got a question, we’re on call. Your mortgage broker will review your specific situation and find a mortgage lender and loan program that is tailored to match your needs. We’ll review each option with you in depth so that you can decide what’s best for you. Then we’ll make it happen. There’s never an mortgage application fee, so give us a try today.
We specialize in Home Mortgage loans such as VA Home Mortgage Loans. Our offices are located in Naples Florida and Lehigh Acres Florida but we offer VA Home Mortgage loans in Naples Florida, Marco Island Florida, Bonita Springs Florida, Fort Myers Florida, Cape Coral Florida, Lehigh Acres Florida, Sarasota Florida, Tampa Florida, Orlando Florida, Jacksonville Florida and Miami Florida.