There's no better way for Palm Bay Florida military members and veterans to finance that Palm Bay Florida home than with a VA mortgage. With Florida-Mortgage-Lenders.com, you're sure to get the best VA mortgage deal to finance 100 percent of your home. You may qualify for a loan worth more than $417,000. To find out, complete our simple form as the first step in obtaining a Palm Bay Florida VA mortgage.
FLORIDA VA MORTGAGE LENDERS – VA MORTGAGE ADVANTAGES INCLUDE:
- Minimum 550 Credit Score!
- Insured by the Veterans Administration
- Seller paid closing cost up to 4% of the sale price
- 100% Financing - No Monthly mortgage insurance.
- VA mortgage Amounts to $417,000
- Jumbo VA loans to $700,000
- VA Streamlined Refinance Available
- Funding Fee can be Financed
- Competitive Rates
- Easier Qualifying No Credit Score VA Mortgages OK
USE THE VA MORTGAGE TO PURCHASE A PALM BAY HOME WITH $0 DOWN
Now more than ever Palm Bay mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Palm Bay Florida first time home buyers. A VA mortgage loan is perfect for VA families and Palm Bay Florida first time home buyers because the borrower can finance 100% of the home's value and purchase with $0 down payment. And, the seller can credit up to 4% to cover all of your closing cost.
THE VA MORTGAGE IS EASIER TO QUALIFY FOR!
Because many Palm Bay Florida first-time home buyers typically don't have a lot of established credit, getting qualified for a conventional mortgage can be difficult. The credit and income standards are not as strict. But with a VA mortgage loans are much easier to qualify for making the process easier.
Because the VA mortgage is backed by the government, Palm Bay VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Palm Bay Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
PALM BAY FLORIDA VA APPROVED CONDOS
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PALM BAY FLORIDA VA CITY DATA
Population in 2013: 104,898 (99% urban, 1% rural). Population change since 2000: +32.1%
Males: 48,477 (46.2%)
Females: 56,421 (53.8%)
Median resident age: 42.1 years
Florida median age: 41.5 years
Zip codes: 32907, 32908.
Palm Bay Zip Code Map
Estimated median household income in 2013: $41,056 (it was $36,508 in 2000)
Palm Bay: $41,056
Estimated per capita income in 2013: $20,261 (it was $16,992 in 2000)
Palm Bay city income, earnings, and wages data
Estimated median house or condo value in 2013: $98,400 (it was $76,200 in 2000)
Palm Bay: $98,400
Mean prices in 2013: All housing units: $173,273; Detached houses: $180,730; Townhouses or other attached units: $156,507; In 2-unit structures: $219,026; In 3-to-4-unit structures: $183,581; In 5-or-more-unit structures: $224,992; Mobile homes: $57,692; Occupied boats, RVs, vans, etc.: $91,726
Median gross rent in 2013: $855.
ABOUT PALM BAY FLORIDA
Palm Bay Florida is perfectly located on Florida's east central coast, midway between Jacksonville and Miami. Off of I-95 take exits 173 and 176. Palm Bay is close to Melbourne and Orlando International Airports and Port Canaveral.
Recreational activities include 29 city parks which include paintball and skateboarding, an aquatic center, a 200 acre regional park, two public / private golf courses, Turkey Creek Sanctuary, and nearby are the beaches!
Housing styles include a wide variety of single family homes, apartments, condominiums, town homes and gated subdivisions.
Many quality of life choices including employment opportunities from entrepreneurial family owned enterprises through a growing base of mid and large size technology and manufacturing companies.
Palm Bay Campus - EFSC PB Campus Eastern Florida State College -
Education opportunities include 18 public and private K through Grade 12 schools. Bayside High School received the Silver Medal in U.S. News's Best High Schools rankings. Eastern Florida State College's four campuses are spread across Brevard County's more than 70-mile-long expanse on Florida's east coast, offering convenient access to higher education for all. Palm Bay Campus is situated on attractive Lake Titan in the fastest growing and most culturally diverse community in Brevard County.
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