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CURRENT RATES

as of June 28, 2022 1:51 pm

View Assumptions
Rates for Primary Home Purchase

30Y VA

4.49% (4.807% APR)

30Y FHA

4.25% (5.439% APR)

CONV 30Y

5.00% (5.20% APR)

0% Down
& Unbeatable VA Loan Rates

CURRENT 30-YEAR FIXED RATE

4.49% (4.807% APR)

Rate updated June 28, 2022 1:51 pm | View Assumptions | Rates for Primary Home Purchase

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0% DOWN & UNBEATABLE VA LOAN RATES

CURRENT 30-YEAR FIXED RATE

4.49% (4.807% APR)

Rate updated June 28, 2022 1:51 pm | View Assumptions | Rates for Primary Home Purchase

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Why is a VA loan is the best mortgage around?

Florida VA loans are designed to give our military whether active or retired the benefit of purchasing a home with zero down payment and no mortgage insurance.  You may wonder how they can offer 100% financing.  They do this by applying a funding fee that is paid directly to the Department of Veteran Affairs.   The fee is added to the loan and included in the financing.

The funding fee ranges based on a few factors:  Is this your first VA loan? Are you on active duty or retired?  Are you National Guard or Reserve? Are you contributing a down payment?

Top VA Loan FAQs

Who is exempt from paying the VA funding fee?

Borrowers who receive any disability payments from VA or considered to be at least 10% disabled are exempt from paying the VA funding fee and qualify for 100% financing without mortgage insurance.

What is the maximum VA loan amount?

VA only allows a loan amount up to $417,000 including the VA funding fee.  This means if the loan amount exceeds $417,000 you will be required to contribute a enough down payment to reduce the loan to $417,000.  Gift funds from a family member are allowed.

How do VA closing costs work?

When you apply for a VA loan with zero down payment there are closing costs associated with obtaining a loan.  The seller can contribute up to 4% towards your closing cost. We also offer no closing cost options.

What are the VA loan credit requirements?

The minimum credit score will go down to 640, most mortgage lenders will require a minimum of a 640 credit score for a VA loan.  Additionally most lenders like to see 1-3 positive tradelines such as credit cards reporting for at least 12 months.

What if I've had a bankruptcy?

Lenders will not allow borrowers who have had bankruptcy, foreclosure, Deed in Lieu or short sale in the last 2 years.

What are the VA loan debt-to-income ratio requirements?

When considering how much home you can afford VA does allow your debt to income ratio to go as high as 45%, but in most cases the lender only allows 41% debt to income ratio.  This means your total monthly obligation cannot exceed 41% of your gross monthly income.

Do VA loans permit co-borrowers?

VA only allows the spouse of the veteran to be a co-borrower.  The spouse must meet the credit qualification and their income is included in the debt to income calculation.

WHAT OUR CLIENTS ARE SAYING

My experience with Sondi has been exceptional. Every time I work with or even ask advice from Sondi he is very eager to assist. His knowledge is incredible as well as his professionalism. He makes…Read More →

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Rating: 5

Incredible team!!! Brian, Cindie and Alex it was such a pleasure working with you all. Very professional, always quick with a response when I had a question. The whole process was a breeze, thanks again…Read More →

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Rating: 5

I would like to acknowledge the exceptional service that I received during my refinancing process. While we hit some snags along the way but the team at Florida Home Funding went above and beyond to…Read More →

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Rating: 5

First time home buyers and Shahram and Cindie made the process so smooth! We were nervous and didn't even know where to start-- with their patience and expertise my wife and I now own our…Read More →

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Rating: 5

Just purchased our home with the assistance of Shahram and his team...I would recommend them to anyone. From day one everyone was so caring and diligent!!! Thank you so much for everything you did! We…Read More →

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Rating: 5

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Rating: 5

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Rating: 5

First time home buyers and Shahram and Cindie made the process so smooth! We we're nervous and didn't even know where to start - with their patience and expertise my wife and I now own…Read More →

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Rating: 5

Working with Shahram and Cindie was great, They helped us from beginning to end answering all of our questions and giving us the confidence that all will be all right. We found our forever home…Read More →

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Rating: 5

Our experience with Florida Home Funding was an exceptional one. We worked with Shahram and Cindy through the process. They were in constant communication with us and took the time to answer our questions with…Read More →

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Rating: 5

Great people and very professional to deal with. I would highly recommend their services!!

Nelson Lerma
Rating: 5

Working with Shahram Sondi was a great experience. From the beginning he was very informative and easy to talk to. I felt relaxed and confident with Shahram working on my mortgage application. He walked me…Read More →

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Rating: 5

Shahram is an expert at what he does. There was no guess work at any point, my husband and I felt fully informed through the whole process. Sharham collected the information needed and was very…Read More →

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Rating: 5

Shahram and his assistant are an incredible team. They are extremely thorough and make what is usually a stressful process smooth and easy. They are on top of every single detail and they will get…Read More →

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Rating: 5

I have been through the mortgage process on 3 different occasions and this was by far the easiest. Everything promised was received! It was the fastest and easiest refi I've been through. Everything was done…Read More →

Brian
Rating: 5
Florida Home Funding Reviews

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