Apr 22 2009
Veterans win with best first time home buyer program
Most first time home buyers desire lower down payment, if any, Florida mortgage programs. So the first thing we ask here at BeechTree Mortgage, is if the home buyer is a US Veteran. If so, they win with the best first time home buyer program around.
Veterans seeking to purchase their first Florida home should take advantage of their VA Entitlement as it allows them borrow up to $417,000 without having to use savings towards any down payment. There is no prepayment penalty of course; and “sellers” can contribute up to 4% towards the Veterans closing costs and prepaid interest or escrows. This can save Florida home buying Veterans even more when obtaining their Florida VA mortgage.
The bonus feature with a Florida VA home loan is that there is no monthly private mortgage insurance; keeping the monthly payment lower than other programs. To see if you qualify for a VA home loan, call our office at 888.399.0520 and ask for one of our experienced VA Florida Mortgage Professionals. Get your upfront VA Good Faith Estimate and see just how low our fixed interest rates are for qualified Veteran first time home buyers.
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