Bain & Stoner Home Team
Pasco, Pinellas, Hillsborough, and Hernando County
Real Estate & Mortgage Experts
Veteran
BUYERS
"From the bottom of ours hearts, thank you! Cortney and I take much pride in assisting our local veterans. If you are looking to take advantage of your VA loan eligibility, our financing team offers a variety of additional benefits to further show our appreciation. Reach out to us for more details."
WHAT IS THE REQUIRED DOWN PAYMENT ON A VA LOAN?
Eligible veterans are able to take advantage of 100% financing on their VA loan, meaning no money is required towards a down payment.
DO VA LOANS HAVE CLOSING COSTS AND HOW MUCH ARE THEY?
As with all loan programs closings costs vary and are dependent on the specific property (purchase price, property taxes, insurance, etc.), aspects of your loan (appraisal fee, pre-paid interest, origination fee, etc.), Florida state fees, and even the time of month you close. In general, these costs are typically 3 - 3.5% of the purchase price.
Although these fees are your responsibility as the buyer, we can typically negotiate that the sellers help contribute towards these costs. We will walk you through these options and different scenarios to put together a plan that works best for you and your budget.
WHO IS ELIGIBLE FOR A VA LOAN?
VA loans are available to current and former military service members, including National Guard and reserve members, who meet the VA's criteria for length and nature of service, as well as certain surviving spouses.
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Early in the pre-approval process our team requests a Certificate of Eligibility (COE) which provides the details of your eligibility and entitlements.
CAN YOU HAVE MORE THAN ONE VA LOAN?
Yes! it's a common misunderstanding that you can only have one VA loan at a time. There are many scenarios where you can have multiple homes, each with a VA loan. How much you can afford while still taking advantage of zero money down will depend on how much entitlement you have remaining. We will make the calculations for you and walk you through your options and scenarios based on your situation.
