VA Loans in Florida: VA Specialists Supporting Veterans Statewide

Apply for a Home Loan Today!

At Security America Mortgage, we’re proud to serve those who have served our country. We help veterans and their families to access affordable home loans in Florida, through the VA, to make their dream houses a reality.

Are you moving to Florida, or already live there? We can help you get your house loan! Simply fill out the quick one-minute form below to get started. We’ll provide a no-obligation consultation to help you estimate how much you may be able to borrow. You can also give us a call at (866) 935-1112 .

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Why Should I Get a VA-Backed Loan in Florida?

With its wonderful weather and beautiful beaches, it is no wonder that many veterans are choosing to use their home loan benefit to buy their house in the Sunshine State. Florida is also a very family friendly state with many attractions and a relaxed lifestyle, which makes it perfect to settle down with your family.

In addition, the median sale price in Miami, for example, is $365,900, which is one of the housing markets that has been growing rapidly year over year. So, with that average sale price, you are still below the conforming VA Loan limit.

VA-Backed Loans require 0% down payment in most cases, whereas conventional loans generally require at least a 3% down payment and sometimes up to 20% required; FHA loans require a minimum of 3.5% down payment. Also, with a VA Housing Loan, veterans do not have to pay any monthly mortgage insurance, which cannot be said about conventional or FHA mortgages.

Should I Choose a Jumbo Loan?

Many Veterans have already taken advantage of their VA benefits in cities like Tampa, Miami and Jacksonville, among others. With relaxed qualification standards and more flexibility, it is proven to be the right choice for many to purchase and refinance their homes. However, in most counties, the conforming loan limit with no money down is $548,250.

When your home costs more than this, the solution is a VA Jumbo Loan. A VA Jumbo Loan is any VA-Backed Loan bigger than $548,250 and qualifying Veterans can apply to purchase or refinance their home for up to a value of $1,000,000 through this type of loan, plus receiving all the benefits of the general VA Loan.

These are the Key Benefits that Security America can Offer you to get a Home Loan in Florida

  • VA, FHA, and All Home Loan Types.
  • $0 Down Payment for VA Home Loans.
  • No Need for Private Mortgage Insurance.
  • Low Interest Rates.
  • Lower Payments.
  • Relaxed Credit Standards.

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VA Home Loan Process

va loan processOur team at Security America Mortgage makes every effort to ensure the home buying process is as transparent and stress free as possible.

The benefits of a VA Loan

image 1 No down payment requirements, no monthly mortgage insurance AND usually lower interest rates are just a few of the benefits veterans receive when selecting a Veterans Affairs Backed Loan.

Apply for a VA Loan

va loan Are you ready to take advantage of your VA Purchase Loan benefits? If so, it’s simple to start the process and takes only a few minutes. No social security number needed to start!

Who’s eligible for a VA Loan?

Va loans Active service members with at least 90 continuous days of service and veterans who’ve been honorably discharged from the armed forces can apply for a VA Mortgage Loan. Get started today!

VA Loan Overview

VA Home Loans are 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 the mortgage; instead, it guarantees the top 25 percent of the loans made by private lenders, such as Security America Mortgage, to those who are compliant with the VA Loan Eligibility criteria.

Qualified veterans can use their loan benefit to purchase a home in Florida 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 VA Loans the preferred loan choice for many veterans.

VA Mortgage Rates and Costs

Veterans Home Loans in Florida have the same costs associated with closing as all other home loan products, but there are two key differences in terms of closing costs with this type of 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 Home Loan Program for all current and future homebuyers. This fee ranges from 1.25 percent to 3.3 percent but is waived for veterans with service-connected disabilities. Also, the VA Funding Fee can be paid in full at closing or rolled into the loan at closing.

Typically, the interest rates for VA Loans in Florida are lower when compared to conventional and FHA loans, but you can check out our VA Loan calculator to help you determine your payments!

VA Mortgage Loans Benefits

No Down Payment

Saving enough money for a down payment can be very difficult for active duty service members who are moving from base to base. With no down payment required for a mortgage loan, many veterans can purchase a home with little to no money out of pocket.

Lower Interest Rate

Because the Department of Veterans 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.

Florida VA Loan Limits

In Florida, VA Purchase Loans cover more property types than just homes and condominiums, qualified veterans can use their loan benefit to purchase a property that has up to four one-family units.

And as for the maximum VA Loan amount, it is the same in every county:

State One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit
FL $548,250 $702,000 $848,500 $1,054,500

Get Your VA Home Loan in Florida Today!

If you are ready to start the application process for your house loan, fill the form below and get pre-qualified!

white house with red roof behind a palmtree

Contact Your Florida Mortgage Expert

Jason Noble

I have been in the mortgage/financing industry for many years and through all of these years, many things have become obvious to me and my associates. With my background in financing, ability to provide clear instruction, and execute game plans I can support our Military every day.

Contact me and I will get you started on getting your home loan!

Jim Blum

I possess a strong desire to work with our veterans and to help them realize their hopes and dreams through home ownership. My father was a member of the Air Force during the Korean War and I want to help those who gave so much of themselves to guarantee our freedoms. I ask for an opportunity to prove to my clients that I will be there for them and assist them in any way that I can to see their desire to buy a home come true.

Testimonials

John Stone

“Any veterans considering a VA Home loan need to contact these folks. From day one, we were professionally guided through every step. Jason Noble was so efficient and knowledgeable our realtor said he was the best she had ever worked with. No matter what we threw at them, they had the answers and experience. Jason could crunch numbers in seconds, and explain each step like it was second nature. We wholeheartedly recommend Security America for any veteran who wants a smooth process.”

Van Philon

“I am a veteran and I want to express my appreciation for the services I received from Security America Mortgage. I want to especially thank Jason Noble and Karen Salmeron for making my home buying experience seamless and manageable. I began working with Jason years ago and he has always been very knowledgeable of my VA benefits, patient with me as a customer, and available whenever I had questions or concerns. Due to his expertise, integrity, and commitment to quality; I would highly recommend him to anyone in need of home financing services.”

Sonny Reeves

“Working with Jim Blum has been a very good experience. Jim is a professional with the right attitude of customer service. Many people in real estate told us there was no way we would be able to get one of these places in our budget. Jim’s patient help and encouragement moved us through all the paperwork, obstacles, and requirements of owning our new home. Jim’s persistence and constant care helped us meet our goals. Thanks, Jim! picture is the sunset from our dock.”

FAQs

What are the VA Loan Requirements?

Everyone who meets the following could be eligible for a VA-Backed Loan:

  • You have served 90 consecutive days of active service during wartime.
  • You have served 181 days of active service during peacetime.
  • You have 6 years of service in the National Guard of Reserves.
  • You are the spouse of a service member who has died in the line of duty or as result of a service-related disability.

Do all Lenders Offer VA Loans?

Not necessarily – Florida VA Loans are a specific niche in the market, and not every mortgage company provides them. Even if a general mortgage company does provide them, you may be better off choosing a specialist like Security America Mortgage – we have the specific expertise and experience as VA lenders in Florida to guide you through the process and make the most of your loan entitlement.

What if I Have Used a VA Loan Before?

If you’ve already used a VA Loan, paid it off in full, and wish to buy a second property without selling the original one, you can have your previously used entitlement restored – but only once. Although, if you’ve paid off your previous Loan in full and sold the property you used it to buy, you’re free to restore your entitlement as many times as you want.

Can a VA Loan be Used as a Construction Loan?

Whether you’re a veteran or active military member looking to build a custom home in Florida, a VA Construction Loan could be the perfect solution for you! Because of your military background, you have access to construction loans that offer nothing down and additional perks and benefits.

Usually, it’s more difficult to get a construction loan than an existing home loan, as lenders are more cautious funding a home that doesn’t exist yet.

However, here at Security America Mortgage we are VA Construction Loan lenders as well as experts, and we will be more than happy to help you get your own custom dream home whether you want to build it in Tampa, Jacksonville or any other city in Florida.

How do VA Land Loans Work?

VA land loans are not a loan on its own, although you can enroll the cost of land purchase into a VA Construction Loan, simultaneously to the costs of building your house.

What is the Needed Credit Score for a VA Loan?

Loan credit requirements for VA Home Loans are set by the lender, meaning they can differ from mortgage company to mortgage company. Most lenders require a minimum credit score of 640; nonetheless, some lenders accept credit scores as low as 600.

Does VA Loan Pay PMI (Private Mortgage Insurance)?

VA Home Loans do not have private mortgage insurance requirements. Additionally, VA Loans usually have lower rates than conventional loans.

What is the Current VA Home Loan Rate in Florida?

VA home loan rates may differ based on your credit score, loan type, loan duration, and the current state of the market; Treasury bond, Ginnie Mae bond and Fannie Mae bond rates and yields can affect market rates on VA home loans. There are other factors on market rates for VA Home Loans, and Security America Mortgage uses tracking tools to help lock in the best market rates for our clients.

How Long is the Process for Getting a Home Loan?

Many factors go into the timing of the process. To be safe, you should allow at least 30 days for the entire VA Mortgage process to take place. However, it is possible to close in as little as two weeks. With the help of our VA Loan Specialists, the process is quick and easy!

APPLY FOR A VA LOAN TODAY!