The VA mortgage is a government backed home loan guaranteed by the Veterans Administration. The VA loan program provides veterans and/or their surviving spouses with a 100% guaranteed mortgages with no down payment required. This is great for Vets looking to purchase in Escambia County as most mortgage programs like FHA require a 3.5% min down payment. Conventional loans require even more down payment of 5-10%, however all of these require mortgage insurance costs and VA does not. Below we will discuss some of the eligibility guidelines and advantages of the VA program in Pensacola.
Coast2Coast Lending serves home buyers throughout Fla, GA, TN, VA - 7 days a week. Home purchase or refinance, please call us at Ph: (904) 810-2293. Also be sure to visit us at www.Coast2Coastlending.com for more information.