VA Loan Florida



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VA Loan Overview



VA Loan Florida are home loans made available to military veterans, reservists, and active duty members for the purchase of a primary residence. The Veterans Administration does not lend money for VA loans; instead it guarantees the top twenty five percent of the loans made by private lenders, such as Security America Mortgage, to those who qualify. Qualified veterans can use the VA Home Loan Benefit to purchase a home with zero money down, no private mortgage insurance, and have the sellers pay all of their closing costs. These benefits, along with highly competitive interest rates, are making the VA home loan for the preferred loan choice for many veterans.



VA Loan History



VA Loan Florida program was enacted by Congress in 1944 as a way to extend benefits to returning veterans as part of the Servicemen’s Readjustment Act. The government setup a system in which private lenders would make home loans to veterans and in return the government would guarantee the lender against any loss in the event of a default. In 1992 the VA Loan program was expanded to allow Reserve and National Guard members the ability to obtain a VA home loan provided they had at least six years of honorable service. As of today, more than 18 million veterans have used their VA home loan benefits. In the wake of the 2007 housing crisis, the VA home loan program has seen increased usage as many lenders throughout the country have tightened their lending standards.



VA Loan Interest Rates and Cost



Veterans home loans Florida have the same cost associated with closing as all other home loan products. There are two key differences in terms of closing cost with a VA home loan. First, if negotiated into the purchase contract, all closing costs and prepaid items can be paid by the seller, totaling up to four percent of the purchase price. Second, the Department of Veterans Affairs charges a VA Funding Fee on every loan it guarantees. The VA Funding Fee is paid directly to the VA and helps to pay for the VA Home Loan Program for all current and future homebuyers. The VA Funding Fee ranges from 1.25 percent to 3.3 percent, but is waived for veterans with service-connected disabilities. The VA Funding fee can be paid in full at closing or rolled into the loan at closing. Typically, Veterans home loans Florida interest rates are lower when compared to Conventional and FHA loans. VA Loan Calculator can help you determine your payments. If you are looking for a VA Loans In Florida, dont hesitate to fill out the form above to get started!


Veterans Home Loans Florida Benefits



– No Down Payment For VA Loans
Saving enough money for a down payment can very difficult for active duty service members who are moving from base to base. With no down payment required for a Veterans home loans Florida, many veterans can purchase a home with little to no money out of pocket.
– Lower Interest Rate
Because the Department of Veteran Affairs guarantees each loan, interest rates are typically 0.25 to 1 percent lower than those of conventional loans.
– No Mortgage Insurance
Since the VA guarantees the lender the top 25 percent of the loan, no mortgage insurance is required. Most conventional loans require a borrower to put down at least 20 percent of the purchase price or pay mortgage insurance. Mortgage insurance can be costly and does not ever go towards reducing your principal balance.


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Florida County Limits

va loan florida

Florida County Limits



FIPS State CodeFIPS County CodeCounty NameStateCBSA NumberOne-Unit LimitTwo-Unit LimitThree-Unit LimitFour-Unit Limit
 
12001ALACHUAFL23540 $453,100 $580,150 $701,250 $871,450
12003BAKERFL27260 $453,100 $580,150 $701,250 $871,450
12005BAYFL37460 $453,100 $580,150 $701,250 $871,450
12007BRADFORDFL  $453,100 $580,150 $701,250 $871,450
12009BREVARDFL37340 $453,100 $580,150 $701,250 $871,450
12011BROWARDFL33100 $453,100 $580,150 $701,250 $871,450
12013CALHOUNFL  $453,100 $580,150 $701,250 $871,450
12015CHARLOTTEFL39460 $453,100 $580,150 $701,250 $871,450
12017CITRUSFL26140 $453,100 $580,150 $701,250 $871,450
12019CLAYFL27260 $453,100 $580,150 $701,250 $871,450
12021COLLIERFL34940 $453,100 $580,150 $701,250 $871,450
12023COLUMBIAFL29380 $453,100 $580,150 $701,250 $871,450
12027DE SOTOFL11580 $453,100 $580,150 $701,250 $871,450
12029DIXIEFL  $453,100 $580,150 $701,250 $871,450
12031DUVALFL27260 $453,100 $580,150 $701,250 $871,450
12033ESCAMBIAFL37860 $453,100 $580,150 $701,250 $871,450
12035FLAGLERFL19660 $453,100 $580,150 $701,250 $871,450
12037FRANKLINFL  $453,100 $580,150 $701,250 $871,450
12039GADSDENFL45220 $453,100 $580,150 $701,250 $871,450
12041GILCHRISTFL23540 $453,100 $580,150 $701,250 $871,450
12043GLADESFL  $453,100 $580,150 $701,250 $871,450
12045GULFFL37460 $453,100 $580,150 $701,250 $871,450
12047HAMILTONFL  $453,100 $580,150 $701,250 $871,450
12049HARDEEFL48100 $453,100 $580,150 $701,250 $871,450
12051HENDRYFL17500 $453,100 $580,150 $701,250 $871,450
12053HERNANDOFL45300 $453,100 $580,150 $701,250 $871,450
12055HIGHLANDSFL42700 $453,100 $580,150 $701,250 $871,450
12057HILLSBOROUGHFL45300 $453,100 $580,150 $701,250 $871,450
12059HOLMESFL  $453,100 $580,150 $701,250 $871,450
12061INDIAN RIVERFL42680 $453,100 $580,150 $701,250 $871,450
12063JACKSONFL  $453,100 $580,150 $701,250 $871,450
12065JEFFERSONFL45220 $453,100 $580,150 $701,250 $871,450
12067LAFAYETTEFL  $453,100 $580,150 $701,250 $871,450
12069LAKEFL36740 $453,100 $580,150 $701,250 $871,450
12071LEEFL15980 $453,100 $580,150 $701,250 $871,450
12073LEONFL45220 $453,100 $580,150 $701,250 $871,450
12075LEVYFL  $453,100 $580,150 $701,250 $871,450
12077LIBERTYFL  $453,100 $580,150 $701,250 $871,450
12079MADISONFL  $453,100 $580,150 $701,250 $871,450
12081MANATEEFL35840 $453,100 $580,150 $701,250 $871,450
12083MARIONFL36100 $453,100 $580,150 $701,250 $871,450
12085MARTINFL38940 $453,100 $580,150 $701,250 $871,450
12086MIAMI-DADEFL33100 $453,100 $580,150 $701,250 $871,450
12087MONROEFL28580 $529,000 $677,200 $818,600 $1,017,300
12089NASSAUFL27260 $453,100 $580,150 $701,250 $871,450
12091OKALOOSAFL18880 $453,100 $580,150 $701,250 $871,450
12093OKEECHOBEEFL36380 $453,100 $580,150 $701,250 $871,450
12095ORANGEFL36740 $453,100 $580,150 $701,250 $871,450
12097OSCEOLAFL36740 $453,100 $580,150 $701,250 $871,450
12099PALM BEACHFL33100 $453,100 $580,150 $701,250 $871,450
12101PASCOFL45300 $453,100 $580,150 $701,250 $871,450
12103PINELLASFL45300 $453,100 $580,150 $701,250 $871,450
12105POLKFL29460 $453,100 $580,150 $701,250 $871,450
12107PUTNAMFL37260 $453,100 $580,150 $701,250 $871,450
12109ST. JOHNSFL27260 $453,100 $580,150 $701,250 $871,450
12111ST. LUCIEFL38940 $453,100 $580,150 $701,250 $871,450
12113SANTA ROSAFL37860 $453,100 $580,150 $701,250 $871,450
12115SARASOTAFL35840 $453,100 $580,150 $701,250 $871,450
12117SEMINOLEFL36740 $453,100 $580,150 $701,250 $871,450
12119SUMTERFL45540 $453,100 $580,150 $701,250 $871,450
12121SUWANNEEFL  $453,100 $580,150 $701,250 $871,450
12123TAYLORFL  $453,100 $580,150 $701,250 $871,450
12125UNIONFL  $453,100 $580,150 $701,250 $871,450
12127VOLUSIAFL19660 $453,100 $580,150 $701,250 $871,450
12129WAKULLAFL45220 $453,100 $580,150 $701,250 $871,450
12131WALTONFL18880 $453,100 $580,150 $701,250 $871,450