VA Loan Lakeland Florida

VA Loan Lakeland Florida For Our Veterans That Have Served Our Nation

VA loan Lakeland Florida – Mortgage Banking Associates has been helping our veterans and military families buy their dream homes for over 30 years. Our extensive experience and resources allow us to help make our veterans’ dreams come true by helping them get approved for a VA loan so they can buy the home of their dreams with no down payment when possible and at the lowest available interest rates on the market.

At Mortgage Banking Associates we appreciate and respect our military families and veterans. We are passionate about helping them enjoy their lives given all the sacrifices they have made to protect and serve our Country. That is why we work so hard to help make the VA loan approval process as smooth as possible for our military families and veterans, making sure that they can benefit from all the government has to offer in the VA loan programs.

Our approved VA mortgage lenders use Smart Mortgage Rate Finder to get your VA loan at the lowest interest rate possible. You could be approved today. Click the button below to apply now!

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What is an VA loan?

A VA home loan is a mortgage available through a program established by the United States Department of Veterans Affairs. VA home loans assist service members, veterans, and eligible surviving spouses to become homeowners. The VA sets the qualifying standards, dictates the terms of the mortgages offered and guarantees a portion of the loan. VA home loans are provided by private lenders such as banks and mortgage companies.

Lock in the lowest interest rate for your VA loan today!

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VA Loan Benefits

The U.S. government is grateful for all of the American veterans and military personnel who have served our country and they have created these VA loan programs to help veterans find, and keep, the home of their dreams…while making the purchase as affordable as possible.

As a military family and veteran, there are several reasons why it is beneficial to take advantage of the VA loan programs that the government offers.

VA loans offer the following benefits:

No down payments

The VA mortgage loan program allows veterans and military personnel with qualifying income and credit to purchase their home without a down payment. This means the loan will equal the sales price of the home.

No monthly mortgage insurance

Unlike Conventional mortgage loans and FHA mortgage loans, VA mortgage loans do not charge monthly mortgage insurance. This is an average savings of anywhere between $30 and $200 a month, depending on the loan amount.

Lower credit and income requirements

Another benefit of the VA loan program is that getting approved for a VA loan is easier than getting approved for a Conventional or FHA loan because a veteran’s credit score and income levels do not have to be as high for approval.

VA loans allow seller concessions

VA loans allow the seller to contribute up to 4% towards the costs associated with the VA loan on the home buyer’s behalf. This is exceptionally important in helping a veteran purchase a new property and reducing the amount of money needed for closing.

Lower interest rates on monthly payments

For many veterans, VA mortgages offer the most competitive rates. Since VA mortgage loan rates are not tied to credit scores the way conventional home mortgage rates are, veterans and military personnel can enjoy lower mortgage rates.

No prepayment penalties

The VA mortgage program allows veterans to make prepayments on their VA mortgage loan and pay off their home loan earlier without incurring any prepayment penalties. This allows veterans to save on the overall interest costs of their mortgage.

VA Loan Requirements

The United States Department of Veterans Affairs sets the rules for who may qualify for a VA home loan, and issues minimum guidelines and requirements under which mortgages may be offered.

You may qualify for a VA loan in Florida if you meet any of the following requirements:

  • If you have served 90 days or more of active duty service during war time;
  • If you have served 181 days or more of active duty service during peace time;
  • You are currently active duty personnel and meet either of the above service requirements;
  • You have more than 6 years of service in the National Guard or Reserve;
  • You were discharged from service honorably;
  • You are the surviving spouse of a veteran who died during services or of service related injuries and are not remarried.

Here at Mortgage Banking Associates we are proud to say that we are VA approved lenders and we strive to help veterans throughout the state of Florida take full advantage of the VA loan program and all of its benefits. Our VA loan experts have extensive experience and will take the time to sit with you and determine your eligibility for a VA home loan.

As a first step in determining your eligibility for a VA mortgage, we are happy to offer you a free VA mortgage consultation where you will sit one-on-one with a VA loan expert to discuss the details of your eligibility. Give us a call now at (863) 485-8225 to schedule your free consultation with one of our VA mortgage lenders.

VA Loan Rates

Our VA loan lenders can get you the best VA loan rates guaranteed, with no hidden fees. The VA lenders at Mortgage Banking Associates can get you VA mortgage rates as low as 4.5%.

Our Smart Mortgage Rate Finder allows us to offer some of the lowest current mortgage rates in the United States. Smart Rate can save you hundreds of dollars a month. Get one of the best deals guaranteed with cash back if your application is received within 30 days! Speak directly with our VA home loan lender right now by calling (863) 485-8225.

VA Mortgage Calculator

For your convenience, you can calculate your estimated monthly mortgage payments using the VA home loan calculator below. You have the option of having the PDF of the estimated monthly principal and interest payment schedule emailed directly to you as well.

Simply fill out the form below by editing the numbers according to your mortgage amount, estimated interest rate, down payment and terms and click “Calculate” and an amortization schedule will be generated.

VA Mortgage Calculator
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How To Apply For Your VA Loan

Our VA loan specialists here at Mortgage Banking Associates make your VA loan application process as quick and easy as possible. With our vast experience, expertise and resources we are able to streamline the whole loan application and approval process for our veterans to make it faster, easier, and hassle-free. You can start the VA loan application process right now by simply filling out the form below:

Apply For Your VA Loan Now

At Mortgage Banking Associates, our VA mortgage lenders are passionate about helping our veterans get into their dream homes and live the life they deserve to enjoy! To get started with your VA loan application, simply fill out the form below and the VA mortgage specialists at Mortgage Banking Associates will contact you shortly:


Mortgage Banking Associates Veterans Reviews

Thank you for the kindness and hard work you did for us. You never gave up hope on us. We are so happy you got us approved for a VA loan. It is so hard to believe our dream came true. We can enjoy the rest of our lives in peace and quiet in our own home. Living in a mobile home park was a nightmare. Thank you so much.

Alan & Patricia Goldberg

Thank you for your help and support of my Vet Loan on my home in Crystal Springs FL. The end result ended on time and just like you said it would. People like you who care for the Vets and you put yourself right to work to complete and get the person their loan. Thank you.

Retired USMC & USAF, Robbie Robinette

I am now a proud home owner thanks to you and everyone involved. This is the first time that I tried to use my VA benefits and in a way I am glad that I waited. Thank you for the help in getting my new home.

David Hampton

You took me through a process I would have abandoned long ago. Your calm demeanor and dedication to helping your clients helped me go through the daunting process of obtaining my VA mortgage. Your patience, encouragement and persistence are beyond the norm. Thank you.

Robert J. Hendrick

Thank you for working on my behalf to obtain a mortgage for my move into the Lakeland area. You certainly do a good job for the Veterans of the United States. I feel honored to have been one of your clients. I don’t think anyone else could have accomplished this feat with so little out of pocket expense. Thank you very much!

George Swackhammer

Thank you for helping us reside in our beautiful home on an acre and 1/4 of property. We love it very much. Thank you all for everything!

Larry & Ginger Utz, US Navy Veteran 1979-2003

Special thanks for all the time and hours spent on my VA loan. Your service is the best. I thank God that I chose your company. I am enjoying my beautiful home. The location/neighborhood is great!

Pearl

Many thanks for being a real pro at serving Veterans. Your words were strong and directed to a point that brought about great results. Thank you for making a major process work in record time.

Vincent V. Manley

Thank you for making our first home purchase possible. I wish there was a way to let all Veterans know that you are out there.

Cindy & Ken Murray

I want to thank you from the bottom of my heart for making my dreams of owning a home come true. Only through your hard work and perseverance was I finally able to become a home owner. When many other lenders told me “no”, you said “yes” and for that I am highly grateful. My advice to other Veterans is to follow your instructions to the letter and their dreams of home ownership will also come true. Thank you again, you changed my life for the better

Raymond Hernandez Massas