Florida VA Loan

Florida Veterans and Active Duty service members receive some outstanding home purchasing benefits from the VA Home Loan Program to buy or refinance a personal home. Surviving spouses of service members who died in service or as a result of service-connected injuries may also be eligible for a VA Home Loan.

A VA Mortgage is a government backed loan that rewards our veterans for their service by offering a loan with no down payment requirement, aggressively competitive interest rates and with minimal qualification requirements when compared to other loans such as conventional mortgages or FHA mortgages.

In addition to 100% financing of a home purchase, VA Home Loans do not have private mortgage insurance (PMI). Most VA loans are 30 year fixed rate loans at interest rates typically more favorable than conventional 20% down loan programs.

There are a few key things to know about VA loan eligibility in Florida. First, you must have served in the military for a certain amount of time. Second, you will need a VA Loan Certificate of Eligibility (COE).

In addition, the income requirements for borrowers seeking a VA Loan are typically evaluated using a residual income formula, which helps the lender determine if the Veteran has enough income to afford both their normal living expenses as well as the additional costs of the mortgage, interest, tax and insurance payments.

For more information on VA Loans and how to obtain one, please contact a loan officer from The Wholesale Mortgage Firm today. We are here to help you every step of the way!

VA Loan Requirements At a Glance

Credit Score

Typically 580*

Down Payment

$0 Required

DTI Ratio

Up to 55% Max**

Monthly PMI


Funding Fee


* VA loan approval with credit scores under 600 subject to lender approval

** DTI ratio’s higher than 50% not offered by all lenders and subject to lender approval

*** Funding fee may be waived for eligible service members who are disabled

VA Loans | Program Summary

Just Starting Out?

Click here to request a pre-qualification letter
Get A Prequalification Letter for Your Home Search
Request Letter

Found Your Home?

Click here to apply for a VA home loan
Apply for a VA Loan to Purchase Your Home
Apply Now

Got Questions about a VA Loan?

Getting a mortgage can be a challenging and time-consuming process… but we’re here to help you.

If you have questions or need guidance on how to proceed with getting pre- qualified for a mortgage or applying for a home loan, feel free to contact us directly:

Wholesale Mortgage Firm

Contact Us Today

Please complete the form and a member of our team will contact you and work to get you Pre-Qualified ASAP. 

Have Questions? Call 863-944-4595

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