What Is Involved In A VA Loan?
This is a great mortgage to use to purchase your Fort Lauderdale or South Florida home. A VA mortgage is for veterans, reserves, and national guard. In order to get a VA loan you have to get your Certificate of Eligibility. That can be done by you or your lender which hopefully is me. Here is a list of FAQs on VA Mortgages.
It requires no money down and up to 4% in seller contributions towards your closing costs and prepaid items. The VA does NOT have any mortgage insurance but it does have a one time Upfront Mortgage Insurance Premium depending on how much you are putting down and if you are a veteran, reserve, or national guard.