Are you a veteran looking to buy a home? Start here.
Special VA Mortgage Rates & Loans in Fort Myers, FL
Why a VA loan?
There are many benefits, as taken directly from the Veterans Affairs site: no down payment required (unless required by the lender or the purchase price is more than the reasonable value of the property); buyer informed of reasonable value; negotiable interest rate… and more.
Our VA Loan Rates Are Low & Our Process is Quick & Painless
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
We’re here to make the VA home loan process a whole lot easier, with tools and expertise that will help guide you along the way.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you – whether you’re a first-time home buyer or a seasoned investor.
What Is a VA Loan?
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
Like other government-guaranteed home loans, you can apply for a VA loan to buy, build, or renovate your Fort Myers home.
Though only private lenders offer this home loan, the VA decides the qualifications and mortgage terms. In general, you can qualify for a VA loan if you:
- Have served at least 90 days of active duty
- Are an honorably discharged veteran
- Are the surviving spouse of a military service member who died on active duty or due to related injuries/disabilities
- Are the spouse of service members who are POWs or MIA
Veterans who weren’t honorably discharged may still be able to qualify if they apply for a discharge upgrade with the VA.
Why a VA Loan?
A VA loan allows you and your family to finally get the home you’ve always wanted. While your mortgage lender can still review your credit report, they’re much more lenient with your credit score compared to conventional home loans.
There are many benefits, as taken directly from the Veterans Affairs site:
- no down payment required (unless required by the lender or the purchase price is more than the reasonable value of the property)
- buyer informed of reasonable value
- negotiable interest rate… and more.
And if you want to buy another home, don’t worry—there are no limits to how many times you can apply for this loan. You can also use it to refinance existing VA loans.
VA Mortgage Rates
Like any other type of home loan, VA mortgage rates change depending on the market. But they’re usually lower than conventional loan rates by about 0.25 percent. This can help you save a significant amount of interest.
Besides the market rates, your loan rate will also depend on several factors, such as:
- Mortgage terms (usually 15 or 30 years)—shorter terms have lower rates but higher monthly payments
- Credit score—the higher the score, the lower the rate
- Loan amount
Find the Best VA Loan with Fort Myers Mortgage Experts Today
Interested in applying for the best VA loans and mortgage rates here in Fort Myers, FL? Our mortgage experts are glad to be of service to you.
Our VA Loan Rates Are Low & Our Process Is Quick & Painless
We’re here to make the VA home loan process a whole lot easier, with tools and expertise that will help guide you along the way.
We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you, whether you’re a first-time homebuyer or a seasoned investor.
The VA Loan Process
Here’s how our home loan process works:
- Complete our simple VA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Give Fort Myers Mortgage Experts a call or message us today to see how we can help save you time and money!