VA Loans in Miami for Veterans
Save Thousands of Dollars Receiving Lower Interest Rates and More Advantageous Conditions.
Thanks for your service.
What Are Veterans Mortgage Loans in Miami?
A VA-guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military because there is no down payment or monthly mortgage insurance required private. A VA home loan in Miami can be used to purchase a home or refinance an existing mortgage.
VA does not offer loans directly and does not guarantee that you will qualify: VA does not actually lend you money directly. They offer a guarantee to a lender that, in the event of a loan default, they will pay the lender a percentage of the loan balance. The word GUARANTEE does not actually guarantee that you, as a veteran, will qualify for a VA home loan.
Key Benefits of a VA Miami Home Purchase Loan
- 100% Financed
- Doesn't require monthly monthly mortgage insurance
- Limit on buyer's closing costs
- The loan is transferable, subject to VA approval of the borrower's credit
- Fixed 30 year interest rate
- Seller can pay up to 4% of the veteran's closing costs and even pay down their debt to help lower their debt-to-income ratio
- Interest rates are similar to FHA rates
- Doesn't need perfect credit score