VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. CHL is the VA Loan Tampa lender that offers low, competitive rates, tailored guidance for your unique situation, and online resources and mortgage calculators that help clarify the home buying process from beginning to end.
Benefits of VA Loan Tampa:
No Down Payment
No Mortgage insurace premiums or PMI
Lower average interest rates
Low closing cost
No prepayment penalty
Variety of purchase and refinance options available
Reusable for veterans with entitlement remaining
Eligibility for VA Loan Tampa:
You need to meet at least one of the following requirements:
You served for 90 consecutive days or active service during wartime
You served 181 days of active service during peacetime
You served six years in the National Guard or reserves
You are a spouse of a service member who died while in the line of duty or due to service-related disabilities
The purpose of a VA Loan Tampa is to provide long term financing to Veterans in all divisions of the military. National government-certified lenders are allowed to issue VA loans in Tampa, with the assurance of the US Veterans Administration. Keep in mind that VA Loans Tampa require no down payment and are quite easier to qualify for than conventional loans.