VA Home Loans in Orlando and Pensacola, FL

VA loans are government-backed mortgages guaranteed by the U.S. Department of Veterans Affairs (VA) making homeownership more accessible without the typical barriers of conventional loans.  No down payment required, no private mortgage insurance (PMI), and flexible guidelines mean you can focus on finding your dream home in Florida's vibrant markets.

Wartime/Conflict Veterans

• Veterans who were NOT Dishonorably Discharged, and served at least 90 days
• World War II – September 16, 1940 to July 25, 1947
• Korean Conflict – June 27, 1950 to January 31, 1955
• Vietnam Era – August 5, 1964 to May 7, 1975
• Persian Gulf War - Check with the Veterans Administration Office
• Afghanistan & Iraq – Check with the Veterans Administration Office
• Veterans Administration website www.va.gov

Peacetime Service

At least 181 days of continuous active duty with no dishonorable discharge. If you were discharged earlier due to a service-related disability you should contact your Regional VA Office for eligibility verification.

• July 26, 1947 to June 26, 1950
• February 1, 1955 to August 4, 1964, or May 8, 1975 to September 7, 1980 (Enlisted), or to October 16, 1981 (Officer)
• Enlisted Veterans whose service began after September 7, 1980, or officers who service began after October 16, 1981, must have completed 24-months of continuous active duty and been honorably discharged

Reserves and National Guard

• Certain U.S. Citizens who served in the Armed Forces of a government allied with the United States during World War II.
• Surviving spouse of an eligible Veteran who died resulting from service, and has not remarried.
• The spouse of an Armed Forces member who served Active Duty, and was listed as a POW or MIA for more than 90-days.

A VA home loan must be used to finance your personal residence within the United States and its territories. You have choices for the type of home you purchase:

• Existing Single-Family Home
• Townhouse or Condominium in a VA-Approved Project
• New Construction Residence
• Manufactured Home or Lot
• Home Refinances and Certain Types of Home Improvements

• 100% Financing & No Down Payment Loans
• No Private Mortgage (PMI)
• No Penalties for Prepaying the Loan
• Competitive Interest Rates
• Qualification is Easier than a Conventional Loan
• Sellers Can Pay Up to 4% of the Closing Costs
• Can be combined with additional down payment assistance to reduce closing costs

Applying for a VA loan with the Avi Bastajian Mortgage Team is a straightforward, veteran-friendly process designed to get you into your dream home with minimal hassle.  Submit your application though our secure online portal or over the phone at (850) 473-0070, where a dedicated loan officer will customize your zero-down financing with competitive rates.  Contact us today for a no-obligation consultation! 

In addition to the application requirements, you will need the following at application time:

• Certificate of Eligibility from the Veterans Administration by submitting a completed VA Form 26-1880.
• Proof of Military Service from a VA Eligibility Center

Yes, your eligibility is reusable depending on the circumstance. If you have paid-off your prior VA Loan, and disposed the property, you can have your eligibility restored again. Also, on a 1-time basis, you may have your eligibility restored if your prior VA Loan has been paid-off, but you still own the property. Either way, the Veteran must send the Veterans Administration a completed VA Form 16-1880 to the VA Eligibility Center. To prevent delays in processing, it's advisable to include evidence that the prior loan has been fully paid, and if applicable, the property was disposed. A paid-in-full statement from the former lender or a copy of the HUD-1 settlement statement must be submitted.