VA Loans

Sarasota, FL VA Loans 

If you have served in the military or are currently on active duty, you may be eligible for one of the best home financing options available: a VA loan. VA loans are designed specifically for veterans, active-duty service members, and eligible military spouses, offering zero down payment, lower interest rates, and no private mortgage insurance (PMI).

At APR Mortgage, we are proud to help those who have served our country find affordable and stress-free home financing. Whether you’re buying your first home, refinancing your current mortgage, or looking for better loan terms, our team is here to guide you through the entire process and ensure you get the best loan option for your needs.

Why Choose a VA Loan in Sarasota, FL?

Sarasota is a great place to call home, and if you qualify for a VA loan, you can take advantage of incredible benefits that make homeownership easier and more affordable. Here’s why VA loans are an excellent choice:

No Down Payment Required

With a VA loan from APR Mortgage, you don’t need to make a down payment. This makes it easier to buy a home without spending years saving for one. While most conventional loans require at least a 3-20% down payment, VA loans allow you to buy a home with zero upfront costs.

No Private Mortgage Insurance (PMI)

Most home loans require PMI if you put down less than 20%, which can add hundreds of dollars to your monthly payment. With a VA loan, you never have to pay PMI, keeping your monthly costs lower.

Lower Interest Rates

VA loans typically offer lower interest rates than conventional loans, meaning you pay less over the life of your mortgage and keep more money in your pocket each month.

Flexible Credit Score Requirements

If your credit score is not perfect, you can still qualify for a VA loan. While most lenders prefer a credit score of at least 580-620, VA loans have more flexible approval guidelines, making it easier to qualify.

No Loan Limits for Qualified Borrowers

If you have full VA entitlement, there is no loan limit on how much you can borrow. This means you can buy a home that fits your needs without restrictions, as long as you qualify based on your income and debt.

Lower Closing Costs

The VA limits the amount lenders can charge in closing costs, making home purchases even more affordable. In some cases, sellers can also cover a portion or all of your closing costs.

Easier Qualification Process

Since VA loans are backed by the government, lenders like APR Mortgage can be more flexible with approvals. This means you don’t need a perfect credit history or a high income to qualify.

Who Can Qualify for a VA Loan?

VA loans are available to individuals who have served in the military or are currently on active duty. You may be eligible if you meet any of the following:

• Served at least 90 consecutive days on active duty during wartime or 181 days during peacetime
• Have served at least six years in the National Guard or Reserves
• Are the surviving spouse of a service member who died in service or due to a service-related disability

To apply for a VA loan, you will need a Certificate of Eligibility (COE), which APR Mortgage can help you obtain.

VA Loan Programs in Sarasota, FL

At APR Mortgage, we offer several VA loan programs designed to fit your specific needs.

VA Purchase Loan

• Best for buying a new or existing home
• No down payment required
• Lower interest rates and no PMI
• Only for primary residences (not vacation or investment homes)

VA Cash-Out Refinance Loan

• Allows you to take cash out of your home’s equity for home improvements, debt consolidation, or other expenses
• Can also refinance a non-VA loan into a VA loan
• Available for both current VA homeowners and eligible non-VA homeowners

VA Interest Rate Reduction Refinance Loan (IRRRL)

• Also known as a VA Streamline Refinance
• Helps lower your interest rate and reduce monthly payments
• Requires minimal paperwork and no home appraisal
• Only available to existing VA loan holders

VA Jumbo Loans

• Designed for higher-priced homes that exceed standard VA loan limits
• Available for eligible borrowers who qualify based on income and credit history

What is the VA Funding Fee and Do You Have to Pay It?

The VA Funding Fee is a one-time cost required by the VA to keep the program running. The amount depends on your down payment and whether you’ve used a VA loan before:

• First-time VA loan users with no down payment: 2.3% of the loan amount
• Subsequent VA loan users with no down payment: 3.6% of the loan amount
• VA borrowers with a 5-10% down payment: 1.65%

Good news: If you have a service-related disability of at least 10%, you may be exempt from paying the VA funding fee.

Why Choose APR Mortgage for VA Loans in Sarasota?

Buying a home is a major milestone, and for veterans, active-duty service members, and their families, VA loans offer an excellent path to homeownership. At APR Mortgage, we believe that those who have served our country deserve a simple, hassle-free mortgage process with clear guidance, competitive rates, and no surprises along the way.

We know that the mortgage process can feel overwhelming, but our team is here to make everything smooth, stress-free, and easy to understand. Here’s why APR Mortgage is the best choice for VA loans in Sarasota.

1. Fast Approvals and Easy Loan Processing

One of the biggest concerns homebuyers face is how long it will take to get approved and close on their home. At APR Mortgage, we specialize in VA loans and have a team of experts dedicated to getting your loan approved quickly. We know exactly what documents are needed and work efficiently to speed up the process, so you can move into your new home as soon as possible.

Our team understands VA loan requirements inside and out, which means fewer delays and a smoother process from start to finish.

2. Competitive VA Loan Rates to Save You Money

The interest rate on your mortgage plays a huge role in how much you’ll pay over time. At APR Mortgage, we offer some of the most competitive VA loan rates in Sarasota, which helps keep your monthly payments lower and saves you thousands of dollars over the life of your loan.

Since VA loans are backed by the government, they already have lower interest rates than conventional loans, but we go even further to ensure you get the best possible rate based on your financial situation.

3. Personalized Guidance Every Step of the Way

We know that applying for a mortgage can feel confusing, especially if it’s your first time buying a home. That’s why our team is always available to answer your questions and walk you through every step of the process.

Whether you need help understanding your eligibility, gathering required documents, or choosing the right loan option, we’re here to provide clear and honest guidance. We don’t just process loans we make sure you fully understand your options and feel confident in your decisions.

4. We Handle All the Paperwork for You

One of the most time-consuming parts of getting a mortgage is handling the paperwork and ensuring everything is submitted correctly. At APR Mortgage, we take that burden off your shoulders.

From helping you obtain your Certificate of Eligibility (COE) to completing all required loan documents, we ensure that everything is done accurately and efficiently. We work behind the scenes to make sure you have a smooth, hassle-free experience, so you can focus on finding the perfect home for you and your family.

5. No Hidden Fees, Just Honest and Transparent Lending

At APR Mortgage, we believe that honesty and transparency are key to a great home-buying experience. We take the time to explain all costs upfront, so there are no surprises at closing.

Many lenders charge extra fees that aren’t clearly disclosed, but we make sure you know exactly what to expect from the start. With APR Mortgage, you can trust that you’re getting a fair deal with no unnecessary charges or last-minute costs.

6. A Team That Truly Cares About Veterans and Military Families

We are honored to serve those who have served our country. Our team is deeply committed to helping veterans, active-duty service members, and their families achieve their dream of homeownership.

We don’t just see you as another client we see you as someone who has given a great deal for our country, and we want to give back by making the mortgage process as easy and beneficial as possible for you.

Let APR Mortgage Help You Get the Home You Deserve

Choosing the right mortgage lender makes all the difference in your home-buying experience. At APR Mortgage, we are dedicated to making the VA loan process simple, straightforward, and stress-free.

• Fast approvals so you can move into your new home quickly
• Low interest rates that save you money over time
• Personalized guidance so you never feel lost in the process
• Full support with paperwork and eligibility requirements
• Honest and transparent lending with no hidden fees