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 Rates subject to change without notice

The Standard VA loan limit in Florida for 2024 is $766,550 for most counties | Monroe County VA Loan Limits are higher at $929,200
VA Loan Limits are based on data from the Dept. of Veterans Affairs
Check to See Florida VA loan limits here

Florida VA Loan Purchase Programs

Florida VA Loan Purchase Programs

Fidelity Home Group is here to help you find VA Loan financing for your home that’s best for you—whether you’re just starting out, or adding another property in Florida. With free pre-approvals, you can search for your new home knowing all of your options, and our selection of specialty loan programs and in-house mortgage experts means your home loan is personalized to your individual needs and budget. 

Florida VA Loan Purchase Programs

The Department of Veterans Affairs created the [ VA ] loan to make it easier for veterans and active duty to purchase a home. What makes the VA loan so special is that if you qualify, you can purchase a home for no money down. Generating tens of thousands of dollars for a conventional home loan down payment of 20% can be a huge challenge for anyone, but that is no longer a hurdle from home ownership if you qualify for a VA loan.

Beyond not having a down payment, the financial requirements with a VA loan are lot less strict when compared to a conventional home loan. With a VA loan you do not need to have perfect credit nor a long credit history. You do however need to meet the minimum service requirement set by the Veteran Affairs Department. There are fewer fees because you’re able to avoid factors associated with other loans programs, like private mortgage insurance, that can save you money.

VA Purchase Loan Requirements

VA Loan Benefits

Low or no down payment
A VA loan requires little or no money down at closing – a valuable benefit that’s unique to the VA home loan program.

Lower monthly payments
Because the VA guarantees a portion of your loan, you won’t need to pay mortgage insurance premiums – a significant monthly savings.

Simplified approval process
VA loans were designed to offset common financial challenges faced by military families and veterans, and to simplify the approval process.

Military members – To be eligible for a VA loan, you must be an active-duty or former member of the armed forces with at least:

      • 90 days of consecutive service during wartime, or
      • 181 days of service during peacetime, or
      • 6 years of service in the National Guard or reserves.

Surviving spouses
 – Spouses of service members who died in the line of duty or as the result of a service-related disability.

VA Funding Fee

The VA funding fee is a one-time fee that is required for all VA loans. The amount of the fee varies depending on the size of the down payment and whether it’s the borrower’s first or subsequent use of a VA loan. For first-time VA loan borrowers, the funding fee ranges from 2.3% to 1.4% of the home’s purchase price, depending on the size of the down payment. If the down payment is less than 5%, the fee is 2.3%, if it’s 5% or more, the fee is 1.65%, and if it’s 10% or more, the fee is 1.4%. The fee can also be waived in certain cases, such as if the borrower is receiving disability compensation from the VA.

When your ready to get started on your VA loan, we are experts to guide you through the entire process, the first step is getting you pre-approved. You can apply online or you prefer to speak with one of our VA Mortgage Experts, we would be happy to speak with you. Call or text us at 407-955-4575.

Get Pre-Approved by Florida VA Purchase Loan Experts

Florida VA Purchase Loans