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Tel: 727-821-5518   Email: Click here

575 2nd Avenue South, Suite 204

St. Petersburg, FL 33701

© 2016 by All American Mortgage Company

LICENSED MORTGAGE BROKER  NMLS #381111 NMLS#1499481 NMLS #381294

JC Russell Enterprises Inc., D/B/A All American Mortgage Company

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LOANS FOR SERVICE MEMBERS

Thank you for serving our country! 

Now that you're home let's take the next step together​.

What process fit your lifestyle?

Find your answers online   

See how much you can afford and customize your mortgage options with our simple, fast and efficient mortgage process. 

Talk with our experienced staff 

Are you most comfortable hearing a friendly voice on the other end of the line or meeting in person? We get that. Answer a few quick questions​ to help us best understand your needs and our home loan specialist will give you a call.  

Frequently Asked Questions 

What is a VA Loan?

Military homebuyers have access to one of the most powerful ​loan options available. Since the programs inception in 1944, over $20 million has been guaranteed to help veterans, active military and their families purchase and refinance their homes. Like all home loans, there are considerable details to review. Give us a call so we can comfortably walk you through the process. 

What are the benefits of a VA Loan?

  • 0% down for qualified borrowers

  • No PMI (Private Mortgage Insurance) ​

  • Competitive Interest Rates

  • Easier to qualify with less stringent credit requirements 

Where do I start?

Get prequalified! Knowing how much you can afford is bargaining power. Before you start looking, let All American Mortgage partner with you through the home financing experience.   

What documents do I need? 

We have made it simple. Download our document check list here

 

What can I afford? 

Many budgets reserve 28% of post-tax income for housing expenses; including your mortgage payment, homeowners insurance and property taxes. Although the formula is straight forward, every family's needs vary. Maybe you need to consider recurring monthly expenses  like childcare, car payments or student loan payments.

Every situation is different which is why it helps to talk it through with a home loan specialist. 

What costs are involved?

Loan Options, Down Payments and Closing Costs 

  • VA Loan – No down payment, no PMI and flexible credit requirements make the VA loan a top choice for veterans and active military members.

  • There is a VA Loan funding fee that can run from 2.15% to 3.3% depending on the purchase price of the home and whether you've utilized the funding fee benefit previously. The cost can be rolled into the loan amount. 

  • The VA also limits closing costs for veterans and allows sellers to pay most or all of those expenses. Many of our borrowers purchase a home with no money due at closing.

Estimating homeowners insurance, property taxes and flood insurance

There's no quick answer here. The cost depends on the location of the home and the type of coverage you desire. 

The simplest way is to request a online quote from your insurance provider. You can also ask us or a real estate agent in the area. The county property appraiser's office keeps record of the property taxes for each address. A simple search of homes in the neighborhood you desire should provide an estimate.   

 

Get your VA Home Loan quote today:

Like what you see? Still have questions? Let's get started!