Skip to content

VA Home Loans in Florida

As Florida's leading loan specialists, we streamline the process of obtaining a VA loan, making it hassle-free and simple.

A happy military person with their family celebrating new home purchase in Florida

Tailored for veterans, active-duty service members, and certain members of the National Guard and Reserves, these Department of Veterans Affairs-backed loans are your gateway to homeownership.

With no requirement for a down payment and no private mortgage insurance, VA loans are designed to ease your path to owning a home. Don't let concerns about complex loan criteria stop you.

What is a Florida VA Home Loan?

A VA home loan, backed by the Department of Veterans Affairs (VA), is crafted to facilitate homeownership for American veterans, active-duty service members, and certain National Guard and Reserves members.

This type of mortgage stands out for its unique features and offers several advantages, particularly for those in Florida looking to buy a home.

The hallmark of a VA loan is the backing of the Department of Veterans Affairs. In cases where a borrower defaults, the VA guarantee provides a safety net for the lender.

This assurance significantly lowers the risk for lenders, enabling them to extend loans with more favorable terms, even to those with less-than-ideal credit scores.

VA loans are exceptionally accessible. They do not require a down payment, a standout feature that sets them apart from conventional and other government-backed mortgages.

This makes the dream of homeownership more attainable, especially for those who might struggle to save for a large down payment.

Another significant benefit of VA loans is the exemption from private mortgage insurance (PMI). Unlike FHA loans, which require mortgage insurance, VA loans do not require such insurance, reducing the monthly expenses for the borrower.

The VA also limits the amount that can be borrowed, but these are typically generous and vary based on the property's location in Florida.

For example, in 2024, the VA loan limits could go as high as the conforming loan limits for conventional loans, allowing veterans to purchase homes even in Florida's higher-priced markets.

VA loans are highly favored in Florida for these reasons. They provide an accessible and affordable route to homeownership for our nation's service members, veterans, and eligible surviving spouses.

With benefits like no down payment, no PMI, and flexible credit requirements, VA loans are an invaluable option for many prospective homeowners in Florida.

Fill out our form below to check your zero down VA loan eligibility for free.


VA Home Loan Requirements in Florida

For veterans, active-duty service members, and certain National Guard and Reserves members, VA loans offer a path to homeownership with unique benefits and requirements.

Understanding these requirements is key to successfully applying for a VA loan in Florida. Here’s a breakdown of what you need to know:

  • Service Requirements: Applicants must meet specific service criteria, such as a certain number of active-duty service days during wartime or peacetime.
  • Certificate of Eligibility (COE): Borrowers must obtain a COE to prove their eligibility for a VA loan.
  • Credit Score: While the VA does not set a minimum credit score, most lenders prefer around 620.
  • No Down Payment: VA loans do not typically require a down payment, making homeownership more accessible.
  • No Private Mortgage Insurance (PMI): VA loans do not require PMI, reducing monthly mortgage costs.
  • Loan Limits: While VA loans have no loan limits, lenders might set limits based on the borrower's entitlement and financial situation.
  • Funding Fee: A VA funding fee is required, which can be rolled into the loan amount. This fee varies based on factors like the type of service and whether it’s a first-time or subsequent use of a VA loan.
  • Debt-to-Income Ratio (DTI): Lenders typically look for a DTI ratio of 41% or lower, though this can be flexible based on other financial factors.
  • Property Requirements: According to a VA appraisal, the home must meet certain safety, sanitary, and structural standards.
  • Primary Residence Requirement: Borrowers must intend to occupy the property as their primary residence.

Pros vs. Cons of VA Loans

VA loans are a highly attractive mortgage option for veterans and active-duty service members, offering unique benefits due to their government backing.

Like all financial products, VA loans have their own advantages and disadvantages. Understanding these will help you determine if a VA loan is the best choice for your home purchasing needs in Florida.


  • No Down Payment Required: VA loans often require no down payment, making homeownership accessible without substantial savings.
  • No Private Mortgage Insurance (PMI): Unlike FHA loans, VA loans do not require PMI, reducing monthly mortgage expenses.
  • More Lenient Credit Requirements: VA loans are available to individuals with varying credit scores, broadening accessibility.
  • Limited Closing Costs: The VA limits the amount of closing costs and lenders’ fees that can be charged to VA loan borrowers.
  • Competitive Interest Rates: VA loans typically offer lower interest rates than conventional loans.
  • Assumable Loans: VA loans can be transferred to future buyers, which is advantageous if interest rates increase.


  • Funding Fee: VA loans require a funding fee, which varies based on different factors, though it can be financed into the loan.
  • Strict Appraisal Process: The property must meet specific VA standards, which might be more stringent than conventional loans.
  • Primary Residence Requirement: The property purchased must be your primary residence, limiting options for investment or vacation properties.
  • Limited to Certain Borrowers: VA loans are only available to eligible veterans, service members, and other groups.

VA loans offer a significant opportunity for homeownership, especially for those who might not qualify for conventional loans, by providing benefits like no down payment and no PMI.

Their unique advantages make them a strong option for eligible individuals looking to buy a home in Florida.

The MakeFloridaYourHome Advantage

Choosing MakeFloridaYourHome to secure a VA home loan in Florida brings unique benefits. Our specialized services and deep expertise ensure your path to homeownership is efficient, well-informed, and customized to meet your needs.

Local Florida Experts

At MakeFloridaYourHome, our team consists of experts with extensive knowledge of Florida's real estate market. This local expertise is crucial in understanding the specific aspects of housing in different Florida communities.

We leverage our understanding of local trends, property values, and regulations to offer advice and solutions that are both practical and relevant to your desired location in Florida.

VA Program Experts

Our professionals specialize in VA loan programs, possessing comprehensive knowledge about the various options available under VA financing.

We do more than just process loan applications; we invest time in understanding your personal situation, financial objectives, and housing preferences.

This tailored approach allows us to guide you toward the VA loan option that best fits your needs, optimizing your benefits and potential savings.

Experience in the Field

MakeFloridaYourHome boasts over 20 years of experience in residential financing, with a proven track record of funding over a billion dollars in loans.

Our extensive history in assisting clients with VA loans demonstrates our capability to tackle potential challenges and ensure smooth loan processing effectively. Our successful VA loan transaction history shows our commitment to excellence and client satisfaction.

Opting for MakeFloridaYourHome for your VA home loan means you're leveraging our local Florida expertise, specialized knowledge in VA programs, and more than two decades of experience in the industry.

This combination ensures that your homebuying decision is well-supported and enhances your chances of achieving homeownership in Florida.

VA Home Loans in Florida Frequently Asked Questions (FAQ)

To enhance the information in our article, we've compiled a list of frequently asked questions about VA loans in Florida.

These FAQs address additional aspects and common questions that prospective homebuyers often encounter, providing more clarity on VA loans.

What Happens If I Miss a Mortgage Payment on a VA Loan?

If you miss a mortgage payment on a VA loan, contacting your lender immediately is crucial. VA loans offer assistance programs for borrowers facing financial hardship, including loan modification and forbearance options. Prompt action can help avert more serious consequences like foreclosure.

Can I Use a VA Loan to Purchase an Investment Property?

VA loans are designed for primary residences only. This means they cannot be used for investment properties or vacation homes. To qualify for a VA loan, you must occupy the home as your primary residence.

Is There a Prepayment Penalty on VA Loans?

No, VA loans do not have prepayment penalties. You can pay off your VA loan early without incurring additional fees, potentially saving considerable interest over time.

Can I Refinance a VA Loan?

Yes, you can refinance a VA loan. The VA offers the Interest Rate Reduction Refinance Loan (IRL), also known as the VA Streamline Refinance, which simplifies the refinancing process for existing VA loan holders. This program often requires less paperwork and no new appraisal.

Are Co-Signers Allowed on VA Loans?

Yes, VA loans allow for co-signers. However, having a co-signer who is not a spouse or another eligible veteran may affect the amount of VA guarantee available on the loan.

Can I Buy a Fixer-Upper with a VA Loan?

You can buy a fixer-upper with a VA loan through the VA Renovation Loan program. This program allows you to finance the purchase of a home and the cost of improvements.

What Are the Closing Costs for a VA Loan?

The closing costs for a VA loan are typically between 3% to 5% of the loan amount. These include appraisal fees, title insurance, and a VA funding fee. Certain costs can be negotiated with the seller or included in the loan amount.

How Long Does It Take to Get Approved for a VA Loan?

The approval process for a VA loan can vary, typically taking about 30 to 45 days. The exact timeframe depends on factors like the lender's schedule, the complexity of your financial situation, and the completeness of your application.

Can I Get a VA Loan with a Bankruptcy in My History?

Yes, obtaining a VA loan after bankruptcy is possible. You must wait at least two years after a Chapter 7 bankruptcy discharge and one year following a Chapter 13 bankruptcy. Maintaining good credit post-bankruptcy is crucial.

Does the VA Offer Any Special Programs for First-Time Homebuyers?

The VA itself does not offer specific programs for first-time homebuyers. However, VA loans are inherently advantageous for first-time buyers due to benefits like no down payment requirement and no PMI, making them an excellent option for those entering the housing market for the first time.

Find The Right Mortgage

For more than 20 years, Phil have been helping customers achieve their home purchase and refinance goals by providing them with invaluable resources and support.

Schedule a FREE Consultation
Phil Ganz