Metroplex Mortgage

100% Financing | No Money Down
USDA and VA Loan Experts

Florida USDA No #1 Lender
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VA Loans – Understanding the Basics

The VA Loan is available to millions of veterans and active duty members in the United States.

WHAT IS THE VA HOME LOAN BENEFIT?

Per VA.gov, “VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan against loss, enabling the lender to provide you with more favorable terms.”

Additionally, when compared to conventional programs, VA loans offer more flexible qualifying criteria and is commonly known its No Down Payment financing.

WHAT ARE UNIQUE BENEFITS OF THE VA LOAN PROGRAM?

  • 100% Financing: VA loans offer no down payment which offers an immediate reduction in out of pocket expenses!
  • No Private Mortgage Insurance
  • You do NOT have to be a first-time homebuyer
  • Must be an eligible service member to qualify
  • Additional “Bonus” Entitlement can be available – ask for details!

Soldier saluting

VA INTEREST RATE REDUCTION REFINANCE LOAN (IRRRL):

  • Borrower must be eligible for a VA loan
  • Existing mortgage must be a VA loan
  • Acceptable mortgage payment history required
  • No cash out allowed
  • No appraisal required
  • Closing costs can be included with new loan amount
  • Great program which helps reduce monthly payment and interest

CASH-OUT REFINANCE:

  • Borrower must be eligible for a VA loan
  • Existing mortgage does not have to be a VA loan
  • Acceptable mortgage payment history required
  • Existing mortgage/lien is required & property may not be “Free and Clear“
  • Full appraisal is required by a VA appraiser

ARE YOU INTERESTED IN A VA MORTGAGE?

VA approved lender

As a VA approved lender, Metroplex Mortgage Services has dedicated systems in place for VA qualifying which helps walk homebuyers through the process from pre-qualification through closing.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

(800) 806-9836 Ext. 280
PreQualify@MPLX.org

Metroplex is a VA Approved Lender. Not only do we understand the VA loan approval process, but most of all we appreciate working with our military heroes! At Metroplex Mortgage Services, we Thank You for your dedication and service!

If you are in the market for a home, it is important to become pre-qualified. You can get started in less than 5 minutes! Or you may contact us with any questions you may have.

GET PRE-QUALIFIED FOR A VA LOAN NOW!
QUESTIONS? CONTACT US HERE.

Recent Posts

What are the Max Seller Concessions on a VA loan in Florida?

Tampa FL VA Approved Lender List

What are max seller concessions on a VA loan in Florida? Is there a VA seller concession limit? As the housing market continues to change, we are receiving an increase in requests for homebuyers that want to negotiate for seller concessions (i.e., seller paid closing costs). However, this topic brings quite a bit of confusion when dealing with VA loans. In today’s short video, I will walk you through the specifics and share with you some qualifying details and explain
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Does the seller have to pay for a termite inspection on a VA loan in Florida?

Who Pays For A Termite Inspection On A VA Loan In Florida, Texas, Or Alabama?

Does the seller have to pay for a termite inspection on a VA loan in Florida? Who pays for the termite inspection on a VA loan? In what states can a veteran pay for a termite inspection? As you can imagine, these are all common questions that we receive, and in today’s video I will discuss the facts that you need to know in order to help our veterans and Realtors understand the termite inspection part of the VA loan
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Merry Christmas from Metroplex!

Most people know me as being very buttoned down and serious, but I know how to have fun too! Take a look at this video because I am sure it will give you a good laugh. Merry Christmas!

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Is a Private Road Maintenance Agreement required on FHA, VA, USDA, and Conventional loans?

What are Private Road Mortgage Requirements in Florida?

Is a Private Road Maintenance Agreement required on FHA, VA, USDA, and Conventional loans? When is a private road maintenance agreement needed to qualify for a mortgage? What are USDA, FHA, VA, & Conventional private road qualifying requirements in Florida, Texas, Tennessee, and Alabama? Today’s topic happens to be one of my favorites, because private roads are common in rural areas. In today’s video I will break down the differences between each program and help separate fact from fiction. Now, if
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Happy Veterans Day!

In observance of Veterans Day we wanted to take a moment to honor the brave men and women who serve our country! Per History.com, Veterans Day originated as “Armistice Day” on Nov. 11, 1919, the first anniversary of the end of World War I. Congress passed a resolution in 1926 for an annual observance, and Nov. 11 became a national holiday beginning in 1938.   Unlike Memorial Day, Veterans Day pays tribute to all American veterans—living or dead—but especially gives thanks
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Metroplex Mortgage

VISUALLY or HEARING IMPAIRED?
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© 2020 Metroplex Mortgage Services, All Rights Reserved.
www.nmlsconsumeraccess.org

OFFICES

Alabama, Florida, and Tennessee

8622 N Himes Avenue
Tampa, FL 33614
Local: 813-935-8330
NMLS # 185264

811 US Hwy 27 S
Sebring, FL 33870
863-593-2001
NMLS # 2152298

Texas

8622 N Himes Avenue
Tampa, FL 33614
Toll Free: 800-806-9836
NMLS License #185264

RESOURCES

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  • ABOUT US

Contact Metroplex Mortgage

Metroplex Mortgage Services, Inc. lends in the following states: Alabama, Florida, Tennessee & Texas. Any loan program may require sufficient equity and certain conditions may apply.

As a VA Approved lender, we are not endorsed or affiliated with the Department of Veteran Affairs. As a USDA Approved lender, we are not endorsed or affiliated by the U.S. Department of Agriculture.

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