VA Loan

VA Loan

A VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.   One of the benefits of the VA loan is 100% financing; no money down.  Another is no monthly mortgage insurance.  VA loans can be used for purchasing your primary residence or you can do a refinance VA loan.

Florida VA Loan Requirements

  • Down Payment – No down payment required.   There is also no monthly Mortgage Insurance (MI).
  • Credit Score – A minimum credit score of 600 is needed to qualify for maximum financing.   Depending on credit depth a lower score may require verification of housing payment history.
  • Debt to Income Requirements – The VA has no hard and fast DTI requirements and we have seen very high ratios get approved.  Over 65% DTI is possible.
  • Property Requirements – All properties must meet certain security, safety, and structural integrity requirements.  We can do single family houses, mobile homes on land, townhouses and some condos.

Contact us today for more information on Florida VA loans or to begin the pre-qualification process.


Getting started is easy. We offer very competitive rates, have great service, and always close on time.


Ernie English
NMLS #280696
Alligator Mortgage
NMLS #710933

Equal Housing Lender

Contact Us

Alligator Mortgage Company
2630-B NW 41st Street
Gainesville, FL 32606

(352) 264-0011

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