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Home Loans With Bad Credit In Florida
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Home Loans
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VA Home Loans
In Florida With Bad Credit
VA Mortgage In Florida For People With Bad Credit
Thank you for your service and sacrifice! The Florida VA Home loan program is one of many great benefits you can earn by serving our country. Whether you're a veteran, an active duty servicemember, a surviving spouse, a member of the Special Reserves or National Guard and have bad credit or low fico credit scores.
Are you a Veteran and have bad Credit or low FICO scores 500-620?
We Can Help!
Looking to buy a home with your VA Home Loan Certificate
Who Can Get You Approved!
VA Purchase
FloridaVeteranHomeLoans partners remove many barriers to homeownership and allow eligible servicemembers and veterans to buy a home more easily with low credit scores.
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No down payment is required
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No mortgage insurance is required.
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You get a great interest rate.
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More lenient credit guidelines are available to you.
If you qualify the VA loan is an amazing benefit available only to current and former US armed forces service members who meet eligibility requirements. In 2015, the VA home loan will continue to be one of the most popular VA benefits.
You've earned the benefit of saving with a VA loan
Are you a veteran, member of the military, or a surviving spouse of a veteran?
Do you need a VA loan for bad credit scores?
Do you want fast approval and minimal red tape?
Are you interested in 100% financing of your new home, or buying a home with no down payment?
If you answered “yes” to any of these questions, our program might be right for you! Qualify for VA loans even with less-than-perfect credit. Unlike other options, VA loans are available as either fixed-rate or ARM mortgages – and never include monthly insurance (PMI).
VA loan Features & Benefits
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Fixed rate monthly payments are based on interest rate, principal loan amount and amortized interest over 15, 20 or 30 years. Your payment will not change throughout the life of the loan
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Jumbo VA loans available up to $1,094,625 ($1,500,000 in Alaska and Hawaii) and up to $325,000 cash-out on a refinance
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No monthly PMI (Private Mortgage Insurance)
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VA loans are governed by the U.S. Department of Veterans Affairs
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Pay your mortgage at any time without prepayment penalties
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PMI, or private mortgage insurance, is not required on a VA loan. PMI is an added monthly expense required for conventional loans where the borrower finances more than 80% of the home's value.
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Interest rates are also lower with a VA Loan, typically 0.5%-1.0% lower than a conventional loan. A lower rate combined with monthly PMI savings can substantially lower your monthly payment.
If you are fit the qualifications above then the VA loan may indeed be your best option for a loan. There is, of course, a lot of other information you will need to make a truly educated decision as to which loan type is right for you. Our qualified mortgage professionals are standing by to help guide you through this often confusing and intimidating task.
Call us today at 352-444-4435 or click here to contact a FloridaVeteranHomeLoansloan expert right away.