VA Loan Program

Please note before applying, this program now requires a minimum 640 credit score, except for the VA Streamline IRRL Refinance.

The Florida VA Loan came about in 1944 through the original Servicemen’s Readjustment Act also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. With more than 25.5 Million veteran’s eligible or VA financing, the VA loan is still an excellent source for affordable 100% financing to eligible veterans.


VA will guarantee a maximum of 25% of a home loan amount up to $104,250, which limits the maximum loan amount to $417,000. The purchase price, plus the funding fee (2%) may be financed for a combined 102% loan to value.

VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you default on the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment and mortgage insurance allowing you to obtain favorable financing terms.


• TRUE 100% FINANCING (No down payment required)

• Less restrictive credit guidelines than conventional financing

• First time homebuyers allowed

• No mortgage Insurance (this saves hundreds of dollars monthly)

• No income restrictions


• Veterans who served on active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum of 181 continuous days during peacetime.

• 2 years requirement if the veteran enlisted and began service after September 7, 1980 or was an officer and began service after October 16, 1981

• 6 year requirement for National guards and reservists with certain criteria and there are specific rules concerning the eligibility of surviving spouses

• If you are now on regular duty (not active duty for training), you are eligible after having served 181 days unless discharged or separated from a previous qualifying period of active duty

• If you are an un-remarried spouse of a veteran who died while in service or from a service connected disability

• If you are a spouse of a serviceperson missing in action or a prisoner of war

• A surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003, may be eligible


For more information or any further assistance to apply for VA loans, please feel free to contact us today.

If you have additional questions or need assistance, please call us at 305-371-8181 or toll free at  855-224-3222.


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