For all the brave people that have served the country, the U.S. Department of Veterans Affairs provides a military serviceperson loan guarantee program. It also includes personnel of the National Guard, Reservists, and active military.
This program guarantees veterans and surviving spouses financial support so they can purchase homes. The program allows approved VA lenders to grant loans to veterans and their spouses at competitive rates and no-down-payment, and mortgage insurance.
Florida State Mortgage Group is an approved corresponded VA lender. This means that we can assist veterans with the loan application process and find the best solutions that allow them to purchase their dream home.
We have a team of professional loan officers that enables us to provide detailed evaluations, helping eligible veterans qualify for zero down payment VA loans in Fort Lauderdale. We work with stringent procedures, making sure applicants meet all requirements set forth by the Department of VA.
You can talk to one of our officers to discuss your eligibility further.
VA loans in Fort Lauderdale and other locations are 0% down payment residential loans that are awarded to veterans and active servicemen and their spouses. They are guaranteed by the Department of Veterans Affairs but issued by approved VA lenders across the country.
Instead of handing out the money for mortgages, the VA approves lenders based on a set of guidelines. Once the lenders are approved, they are able to offer loans to veterans.
FSMG offers one of the most efficient possible ways of securing a VA loan at low rates. You may be eligible for a 100% financing option and loans up to $2,000,000 in value.
In addition to that, we also offer eligible applicants with a Florida Mortgage Credit Certificate (MCC) in conjunction with their VA loan. This offers up to $2000 in IRS income tax credits every year. The additional income can account for the borrower’s monthly income and assist in the qualification process.
One of the main benefits VA loans have over other conventional loans is that there is a zero percent down payment option.
Back when VA mortgage was still a new concept, applicants had to wait more than 5 years before buying a home. The waiting period was a necessity as it gave home buyers enough time to save up for the down payment that could be as high as 20%.
Now, veterans are able to apply for a no down payment VA loan. As long as the applicant meets all requirements enforced by the VA and has an eligibility certificate, no down payment will be required. (This may vary from case to case)
You are eligible to receive a VA loan if you fall into any of the following categories:
The veteran spouse is either a prisoner of war or missing-in-action for at least 90 days
The veteran was martyred while serving on active duty and you haven’t remarried
The veteran perished or was completely disabled as a result of the service, and the spouse hasn’t remarried
The veteran passed away as a result of a disability connected to their service, and the spouse didn’t remarry
Florida State Mortgage Group, Inc. is located on 1512 E Broward Blvd #204A, Fort Lauderdale. From Fort Lauderdale-Hollywood International Airport (FLL) head northwest toward Terminal Dr/Upper Terminal Dr and use the right 2 lanes to turn slightly right onto Terminal Dr/Upper Terminal Dr. Then use the left lane to keep right at the fork and follow signs for Departures and use the left lane to continue toward US-1 N. Next, keep left at the fork, follow signs for US-1 N/Ft Lauderdale and merge onto US-1 N. After that merge onto US-1 N and keep left to stay on US-1 N. Finally, turn right onto E Broward Blvd and Florida State Mortgage Group, Inc. will be on your right.
We are open Monday - Friday 9am - 6pm, Saturday - Sunday 10am - 4pm.
Florida State Mortgage Group, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.