Our VA Loan Process & Approach
We are a Veteran Owned and Veteran operated. We don’t place you into a loan profile formula created by the banking industry. We use “common sense” and will help you obtain the best loan possible. As a Mortage Broker, this allows us to get you competitive rates on all Mortgages and VA Mortgage programs.
What sets up apart
With up to 100% financing available, you do not have to put any money down to qualify for a VA Home Mortgage Loan for up to $424,100. If the seller agrees to pay the closing costs, you may be able to purchase the home with no out of pocket costs. The loan and sales contract can be set up so that the VA Home Mortgage Loan can cover up to 100% of the selling price and the seller covers the closing cost.
VA loans are also assumable. If the person assuming the mortgage is a veteran with VA eligibility, the original veteran will not be giving up the amount of eligibility that they used to get the loan at the beginning. Veterans should use great care and closely investigate the terms of an assumption before allowing someone to assume their mortgage. It is too great a benefit to give up.
The Veterans Administration assesses a Funding Fee to all VA loans between .5% and 3%. In an FHA mortgage the customer must put down at least 3.5% of the loan amount. The fee is added into the amount of the loan to be paid over the life of your VA home mortgage loan. The VA Funding Fee replaces the much higher priced Mortgage Insurance required when you get a conventional home loan. If you are a Disabled Veteran, you may qualify to get the fee waived completely.
VA mortgage loans have built in features allowing a loan to be refinanced to a lower interest rate without all of the criteria normally associated with a conventional loan. This is called an Interest Rate Reduction Loan; the veteran can secure a lower interest rate without any credit checks, appraisal, and income or asset verification and can roll the costs of the transaction into the loan so there are no out of pocket costs.
Our VA Loan Process
Booyah Mortgage servicing Veterans across the State of Florida Including Lake Mary, Orlando, Jacksonville, Pensacola & the Gulf Coast
Questions about VA home loans and the right mortgage for you and your family?
Give us a call (833) 726-6924
Booyah VA Mortgage Florida service areas include: Brevard, Clear Water, Duval, Jacksonville, Fort Walton Beach, Key West, Lake Mary, Lynn Haven, Mary Esther, Miami, Miami Beach, Milton, Orlando, Panama City, Panama City Beach, Pensacola, Starke, Tallahassee, Tampa, Valparaiso, West Palm Beach, and surrounding areas.