There's no better way for Fountain Florida military members and veterans to finance that Fountain 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 Fountain Florida VA mortgage.
FLORIDA VA MORTGAGE LENDERS – VA MORTGAGE ADVANTAGES INCLUDE:
- Minimum 550 Credit Score!
- Seller Paid Cloing Cost up to 4%
- 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 FOUNTAIN HOME WITH $0 DOWN
Now more than ever Fountain mortgage lenders are requiring large down payments, many loan programs require 10-20% down, putting home ownership out of reach for many Fountain Florida first time home buyers. A VA mortgage loan is perfect for VA families and Fountain 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 Fountain 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, Fountain VA mortgage lenders do not require PMI (private mortgage insurance) which is an added monthly expense. Interest rates for Fountain Florida VA mortgages are typically lower than conventional loans. These two advantages could add up to big savings for veteran homebuyers.
ABOUT FOUNTAIN FLORIDA VA CITY
The Fountain community north of Youngstown was homestead by Morgan Thrasher. It was named for his son Fountain, in 1902. A. B. Steele, owner of the Bay Line Railroad, constructed the Enterprise Lumber Company in Fountain in 1905. He built the Bay Line to the community to serve his saw mill. It was extended to Panama City in 1908. Edward Fletcher Spann erected a turpentine still at Fountain in 1904. In partnership with W.C. Sherman they purchased the saw mill in the 1920's. Sherman bought out the Spann interests. The saw mill was purchased by the German-American Lumber Company in 1914, but was seized in World War I to become American Lumber Company.
The community was connected with the Millville Mill by a railroad log-line constructed by German-American Lumber Company. Sherman purchased the mill with Spann Brothers as partners in 1918. He bought our Spann interest shortly after. Thrasher opened a general store at Fountain in 1904.
Logs for sawing into lumber were bought in by rail to nearby Spruce Creek, then conveyed into the mill for sawing into lumber. The mill burned in 1917 destroying one million feet of lumber. The mill burned again in 1926, and was not rebuilt. Employees moved to other mills for work and Fountain became a small community on Highway 231.