There have been so many misconceptions over the years about government-insured loans that despite all the good press they have received, some people are still shy about applying for one. FHA and VA loans are easy to apply for, the processing and approval process is very straightforward, and there are very few glitches, if any, at the closing.

We have been working with borrowers and homeowners in south Florida for over 20 years and we wouldn’t work with government loans if they were cumbersome or if they weren’t a good deal for our customers.

Some of the misconceptions that exist are:

Sellers should avoid VA Loans because they take forever. This is completely untrue. We can process and approve a VA Loan in the same general time period as any other loan.

Loan limits are low. Wrong again. Veterans can qualify for loan amounts up to $424,100 in many cases, depending on the area and if they want to put up some money for a down payment. In most cases, veterans do not have to put up any down payment.

It’s hard to qualify if you have poor credit. Historically, minimum credit scores are lower for VA loans than for conventional loans. In times of tighter credit (like today), VA loans become an even better deal as conventional loans become harder to get.

Don’t listen to people who don’t know what’s going on in the real estate market. We handle VA and FHA loans every day and we have developed an excellent reputation for getting our customers to the closing table with very few mistakes. It costs nothing to pick up the phone and dial 943-734-4440 and ask for Rick. He works day and night, 7 days a week.