VA Loans: A Guide for Florida Veterans

As a veteran, you have earned many benefits and advantages that come with your service to our country. One of the most significant benefits is the VA loan, a special mortgage program designed to help veterans purchase a home.




One of the key advantages of VA loans is the ability to purchase a condo unit in a non-VA approved condo. This can provide veterans with more options when searching for their dream home.


Another advantage of VA loans is that veterans can have the seller pay for all closing costs, including the VA Funding Fee, buy-out of a rental lease, and even personal debts such as a car loan. This can make the home-buying process much more affordable and manageable for veterans.


And for those veterans who would like to purchase a home with a non-veteran, VA loans are not limited to just veterans and their spouses. Any eligible person can apply for a VA loan, making it a great option for veterans who are looking to buy a home with a non-veteran.


Good news for veterans in 2023! The funding fee for VA loans is being reduced on April 7th, which will help more veterans qualify for a home. With these changes, now is a great time to consider a VA loan if you are a veteran looking to purchase a home.




To be eligible for a VA loan, you must meet certain requirements established by the Department of Veterans Affairs (VA). These requirements include:


  1. Active duty or honorable discharge: You must have served on active duty in the military and received an honorable discharge, or have served in certain National Guard or reserves units.
  2. Length of service: The length of your service determines your eligibility for a VA loan. For most veterans, the minimum service requirement is 90 consecutive days during wartime, or 181 days of service during peacetime.
  3. Character of service: Your discharge must be characterized as honorable to be eligible for a VA loan.
  4. Certificate of Eligibility (COE): You must obtain a COE from the VA to prove your eligibility for a VA loan. The COE will be required by your lender when you apply for a VA loan.
  5. Residency: The home you are buying must be your primary residence. You cannot use a VA loan to purchase a second home or investment property.


At Tewes Mortgage, we are proud to support our veterans and help them take advantage of their VA loan benefits. Our team of experts is here to help guide you through the home-buying process and make sure you get the most out of your VA loan. Contact us today to learn more!

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Reach out to us for a free quote and to see if you qualify!