VA Loan Specialists in Florence, AL
Looking for a va loan specialist in Florence? Review the directory below to compare your options.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Alabama before hiring.
Showing 11 va loan specialists in Florence, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a VA Loan Specialist in Florence Cost?
Typical costs for a VA loan specialist in Florence Alabama range from 500 to 1500 dollars for their services. This does not include the VA funding fee which is 2.15 percent of the loan amount for first time users. Closing costs in Alabama usually total 2 to 5 percent of the home price. These costs can vary based on the lender and the property. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the basic eligibility requirements for a VA loan in Florence Alabama?
You must meet service requirements set by the VA, such as 90 days of active service during wartime or 181 days during peacetime. You also need a valid Certificate of Eligibility. Alabama does not have state-specific eligibility limits beyond federal rules.
Can I use a VA loan to buy a home in Florence if I have bad credit?
VA loans do not have a minimum credit score set by the VA, but most lenders in Florence require a score of at least 620. Some lenders may accept lower scores with compensating factors. Your specialist can help you find a lender with flexible requirements.
Are there any Alabama specific fees for VA loans in Florence?
Alabama charges a mortgage tax of 15 cents per 100 dollars of the loan amount. There is also a recording fee for the deed. These costs are in addition to the VA funding fee, which is 2.15 percent for first time use with no down payment.