The Department of Veterans Affairs Wants YOU to Get Large Loan Limits from MCity!
You served or currently serve your country, now let your country serve you with a VA home loan specifically designed for veterans and active military personnel who wish to purchase a home. These loans are guaranteed by the Department of Veterans Affairs and are available to almost 30 million eligible veterans and active duty personnel.
In 1944, the Servicemen's Readjustment Act (also known as the GI Bill of Rights) was signed into law by President Franklin D. Roosevelt and extended a wide variety of benefits to eligible veterans. The VA Home Loan Guarantee Program was created to help the many deserving soldiers returning from WWII become proud homeowners. Since then, the eligibility to obtain a VA mortgage and enjoy its benefits has been extended to almost all veterans and military personnel and over 18 million of these home loans have been insured by the government. VA loans offer a zero down payment and many other long-term advantages, which make it a smart loan option to consider. The various benefits and loan limits in Florida are discussed below.
If you're curious about some of the benefits of obtaining a Department of Veterans Affairs home loan in Florida compared to a more traditional loan, you'll find many good reasons to explore this option:
In all but one Florida County, the loan limit for a VA mortgage is $417,000. The exception is Monroe County (the Florida Keys), where the loan limit is $437,500. The best way to begin the borrowing process is to understand what a VA entitlement is and how it affects your VA loan limit.
There are also options for refinancing your Department of Veterans Affairs home loan. These include streamline and cash out refinancing.