We Are Your Number One Choice For VA Mortgage Loans In Hernando County Florida
VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.
Other benefits of a VA loan include:
- Negotiable interest rates.
- Closing costs are comparable and sometimes lower – than other financing types. The VA limits what Veterans can be charged in origination fees and other fees
- No private mortgage insurance requirement.
- Right to prepay loan without penalties
- The Mortgage can be taken over (or assumed) by the buyer when a home is sold.
- Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.
Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee the may be paid in cash by the buyer or seller, however generally it is financed in the loan amount.
VA loans can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.
Veterans can apply for a VA Mortgage with any VA mortgage lender that participates in the VA home loan program. A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan. A lender can obtain the certificate for you but you should be ready to provide your DD214 Discharge.
We are located in Hernando County in Spring Hill Florida, we are only a short distance to Tampa making it the perfect place to call home. We have been servicing the Tampa Bay real estate community for many years, and bring you over 21 years of combined knowledge and experience. You won’t find a friendlier more knowledgeable staff of professionals anywhere. Our Loan Officers are experts in helping veterans and are graduates of Military Mortgage Bootcamp which makes them the ultimate experts in VA Mortgages.
Our team will assist you with every aspect of your real estate transaction, from getting appraisals to title insurance, to pest inspections, all the way through underwriting and closing.
At E Loans Mortgage we do 90 percent of the “leg work” for you, making sure that your transaction is smooth, inexpensive, fun, and easy! Call us today to see what we can do for you! Mortgage Financing In Hernando County has never been easier. We are your best choice for a Mortgage Lender in Spring Hill Florida or the surrounding Tampa Bay Area.