VA loan in Hillsborough, FL

VA loans were established prior to the end of World War II and have since assisted numerous veterans, service members, and military families in fulfilling their dream of owning their a home. In recent times, the program has become increasingly significant, with VA loan volume skyrocketing and offering substantial financial advantages that enable countless veterans to purchase homes, thereby making homeownership a possibility for those who may not have qualified otherwise.

If you sacrificed comfort and security to help protect our great nation, Mission One Mortgage thanks you for your service. We believe that there's no greater honor than to serve those who have served our country. We're not afraid to go above and beyond for our veterans because that's exactly what they did for us.

What is a VA Loan in Hillsborough, FL?

A VA loan is a mortgage option that is backed by the government and available to Veterans, service members, and surviving spouses. It is offered by private lenders such as banks and mortgage companies and not directly by the Department of Veterans Affairs.

VA home loans come with competitive interest rates and terms and can be used to purchase a variety of properties, including:

  • Single-Family Homes
  • Condominiums
  • Multi-Unit Properties
  • Manufactured Homes
  • New Construction Homes

One of the great benefits of VA loans is that eligible Veterans can buy a home with no down payment, no mortgage insurance, lenient credit requirements, and the lowest average fixed rates in the market.

Va Mortgages Hillsborough, FL

This program was created by the federal government to make it easier for those who have served our country to become homeowners, and it is widely considered the strongest benefit program available for this purpose.

What are the Biggest Benefits of Having a VA Loan in Hillsborough, FL?

At Mission One Mortgage, we work with many Veterans who know that VA loans exist but don't quite understand the full range of benefits they provide. If that sounds familiar, keep reading. This section was written especially for you.

01

Benefit:

No Down Payment Needed

One of the standout benefits of the VA Loan program is that qualified borrowers can purchase a home without having to make a down payment up to the conforming loan limit of their county. This is a significant advantage over conventional and FHA loans, which typically require minimum down payments of 5 percent and 3.5 percent, respectively.

For example, on a $400,000 mortgage, a conventional loan would require a $20,000 down payment, while an FHA loan would require $14,000. Saving up that kind of cash can take service members and veterans years, but with the VA Loan, they can pursue homeownership without having to scrape and stockpile for years on end.

03

Benefit:

Less Strict Credit Requirements

It's important for military buyers to stay informed about credit score requirements when considering home financing options. Although credit score requirements have eased up a bit, it's still necessary to meet certain benchmarks set by conventional and FHA lenders. However, even meeting these benchmarks can be a challenge for many buyers.

Most VA lenders require a credit score of at least 620, which falls in FICO's "Fair" credit score range. Borrowers will typically need to meet a higher threshold for conventional mortgages, particularly if they want to secure a low-interest rate. It's worth checking out VA Loan rates to learn more about financing options.

Despite common misconceptions, military buyers don't need a perfect credit score to obtain financing. While a higher credit score can certainly help, it's important to remember that VA loans in Hillsborough, FL are designed to help military members and veterans access affordable housing.

05

Benefit:

Help with Closing Costs

Closing costs are an inevitable part of the home-buying process, no matter what type of mortgage product you choose. However, if you're a veteran, you may be pleased to know that the VA places limits on the fees and costs you're required to pay at the time of closing. Additionally, homebuyers have the option to ask sellers to cover all loan-related closing costs, as well as up to 4 percent of the purchase price for other expenses like prepaid taxes, insurance, and collections.

02

Benefit:

No Need for Private Mortgage Insurance

Coming up with a down payment can be challenging for both conventional and FHA homebuyers. In addition, they are required to pay for mortgage insurance unless they can make a sizable down payment, usually 20% of the purchase price. For instance, on a $400,000 mortgage, this would be a staggering $80,000 in cash.

FHA loans carry an upfront mortgage insurance premium and annual mortgage insurance. The latter now lasts for the life of the loan. On the other hand, conventional homebuyers will pay this monthly cost until they have built up enough equity, which can take several years.

Fortunately, VA loans do not require any mortgage insurance. However, there is a mandatory funding fee that goes directly to the Department of Veterans Affairs. Borrowers with a service-connected disability are exempt from paying this fee, which helps keep the program going for future generations.

04

Benefit:

Bankruptcy and Foreclosure

If you've experienced a financial setback such as a foreclosure, short sale, or bankruptcy, you may be worried about your chances of securing a VA home loan. However, don't lose hope just yet. With VA loans, it's still possible to be eligible for a home loan just two years after a foreclosure, short sale, or bankruptcy. In some cases, veterans who file for Chapter 13 bankruptcy protection can be eligible for a VA loan just a year after the filing date.

It's worth noting that the waiting periods for conventional or FHA financing can be significantly longer than those for VA loans. Additionally, even if you've lost a VA-backed mortgage to foreclosure, you may still be eligible for another VA loan.

So, if you're a veteran who's experienced a financial setback but still dreams of owning a home, don't give up hope. Explore your options and see if a VA loan with Mission One Mortgage could be the solution you need.

06

Benefit:

DTI Ratio Flexibility

It's important to keep in mind that VA lenders typically prefer borrowers to spend no more than 41 percent of their gross monthly income on major debts, such as mortgage payments or student loans. However, it's possible to get a VA home loan even if you have a higher DTI ratio. Some lenders may offer up to 55 percent or more depending on your credit score and ability to meet additional income requirements. This can give homebuyers more flexibility and greater purchasing power when it comes to finding their dream home.

Remember - if you have any questions about the benefits you just read about - like what credit score Mission One Mortgage requires for a VA loan - contact our office today. It would be our pleasure to help you navigate the VA loan process, one step at a time.

How to Determine Your VA Loan Eligibility

One of the most common questions we get at Mission One Mortgage revolves around VA loan eligibility. Who is actually eligible for this type of loan? What are the requirements for getting a VA loan? If you meet the following requirements, chances are you'll be eligible for a VA loan.

  • If you have completed 90 days of service during wartime or 181 days of service during peacetime, you may qualify as an active-duty military member or veteran.
  • If you have served in the National Guard or Reserve for a minimum of six years, or have completed 90 days of active duty under Title 32 orders, with at least 30 of them being consecutive, you may be eligible for a VA loan in Hillsborough, FL.
  • If your spouse was a service member who passed away while on active duty or due to a service-connected disability, and you haven't remarried, you may be eligible for a VA loan. In some cases, surviving spouses who remarried after the age of 57 and after Dec. 16, 2003, may also be eligible. Spouses of prisoners of war or service members missing in action may also be eligible for VA loans, as well.
  • You meet the necessary requirements for credit and income to be eligible for a VA loan. It's important to note that while the VA doesn't set a minimum credit score for VA loans, individual lenders may have their own standards. In addition to credit, your lender will also evaluate your income and debts to assess your ability to repay the mortgage.
  • The property you're interested in purchasing complies with the necessary safety standards and building codes. It's also worth mentioning that in most cases, the borrower is required to make the residence their primary home within 60 days of purchase. However, there are certain circumstances in which this timeline can be extended up to 12 months.
HomeReady Mortgages Hillsborough, FL

Follow These 5 Steps to Begin the VA Home Loan Process

Curious what the general steps are for purchasing a home with a VA loan? You're not alone. Keep reading to get a feel for what you have to do to enjoy the wonderful benefits of homeownership.

Home Ready Mortgages Hillsborough, FL

When applying for a VA home loan benefit, the Certificate of Eligibility (COE) is an important document that verifies your eligibility to your lender. If you have already used your VA loan benefit in the past, a current COE can help you determine how much remaining entitlement you have. Additionally, it can ensure that your entitlement has been restored for previous VA-backed loans that were paid in full.

After you've applied for your COE, it's a good idea to examine your finances. We're talking about items such as income, expenses, credit profile, and your monthly budget. That way, you know for sure that you're ready to purchase a home.

As a veteran, you have the choice of going through a bank, credit union, or a private VA mortgage company like Mission One Mortgage. Most lenders will have different loan interest rates and fees, so it's important to shop around. Remember - Mission One specializes in VA loans in Hillsborough, FL. Other lenders, such as large corporations and banks, often can't match the expertise and attention to detail that Mission One provides to veterans.

During this phase, it's a good idea to meet with a range of real estate professionals. Try to choose an agent who has experience processing and overseeing VA loans. Once you select an agent, you can bring your lender's pre-approval letter to their office and begin shopping.

This is the best part of the VA loan process, other than getting the keys to your new home. When looking for a house, remember to look at homes within your price range and budget. Lean on your real estate agent, friends, and family for help in your search.

A Word of Advice from Mission One Mortgage

If you're thinking about buying a home, it's important to weigh the pros and cons of homeownership. While renting can provide flexibility and less responsibility for maintenance, it comes with the risk of rent increases, potential property sales, and uncertainty about security deposit refunds.

On the other hand, owning a home can offer relatively stable mortgage payments and an opportunity to build long-term wealth for you and your family. Before making a decision, it's crucial to determine your priorities, such as your monthly budget for mortgage payments and other expenses like transportation and childcare. Ultimately, only you can determine what's best for your housing and financial needs.

What Clients Say About Us

The Key to Homeownership Starts with a VA Loan in Hillsborough, FL

At Mission One Mortgage, we take immense pride in simplifying the mortgage process and ensuring that our clients experience minimal stress. We understand that navigating the world of mortgages can be daunting, which is why we are committed to making it as smooth as possible.

By choosing to work with us, you're not just getting a mortgage broker - you're selecting a partner who is devoted to your financial well-being and dedicated to helping you achieve your dream of homeownership. By working together, we can work through the VA loan process one step at a time.

That rings true for all of our clients, but especially the U.S. Veterans we serve. In fact, we specialize in VA mortgages and are proud to offer them to US Veterans, those on Active Duty, and their spouses. VA Loans are one of the best mortgages available, offering no down payment requirements, no PMI, and some of the most favorable rates and terms.

If you're ready to take the next big step in your life and provide stability for your family with a place to call home, contact our office today. You're closer to the dream of home ownership than you might think.

Want to know more?

Call Us Now! (843)822-5685

Latest News Near Me Hillsborough, FL

Hillsborough County, FL – Police Alert: DUI Arrest After Patrol Vehicle Hit on Adamo Drive This Weekend

Tampa, FL – A Hillsborough County man was arrested early Saturday morning after allegedly striking a sheriff’s patrol vehicle during a traffic stop and fleeing the scene, according to the Hillsborough County Sheriff’s Office.According to the sheriff’s office, the incident occurred January 3, 2026, Saturday, at approximately 3:01 a.m. on Adamo Drive near Orient Road, a busy roadway east of downtown Tampa. A deputy was conducting an unrelated tra...

Tampa, FL – A Hillsborough County man was arrested early Saturday morning after allegedly striking a sheriff’s patrol vehicle during a traffic stop and fleeing the scene, according to the Hillsborough County Sheriff’s Office.

According to the sheriff’s office, the incident occurred January 3, 2026, Saturday, at approximately 3:01 a.m. on Adamo Drive near Orient Road, a busy roadway east of downtown Tampa. A deputy was conducting an unrelated traffic stop when another vehicle struck the driver’s side of the marked patrol car and continued driving.

Deputies were able to locate and stop the suspect vehicle a short time later. The driver was identified as Armin Williams, 49, authorities said.

According to deputies, Williams allegedly showed signs of impairment at the scene. He was arrested and charged with Leaving the Scene of a Crash with Property Damage, DUI with Property Damage or Personal Injury, and Refusal to Submit to Testing.

No serious injuries were reported in the crash. The extent of damage to the patrol vehicle was not immediately released.

The sheriff’s office used the incident to remind drivers about Florida’s Move Over Law, which requires motorists to slow down and move over when approaching emergency vehicles with lights activated. Deputies say violations of the law continue to be a major safety concern for first responders, especially during overnight traffic stops.

Body-worn and in-car camera footage from the incident was released by the sheriff’s office and shows the patrol vehicle stopped on the roadside when it is struck.

Adamo Drive is a heavily traveled corridor connecting Tampa to eastern Hillsborough County, and deputies warn that impaired driving during overnight hours remains a significant risk to both law enforcement and the public.

Anyone who witnessed the crash or has additional information is encouraged to contact the Hillsborough County Sheriff’s Office.

This article was produced by a journalist and may include AI-assisted input. All content is reviewed for accuracy and fairness.Follow us on Instagram & Facebook for more relevant news stories and SUPPORT LOCAL INDEPENDENT NEWS! Have a tip? Message us!

Florida – Police Alert: Hillsborough Deputies Rescue Woman Found Hanging Upside Down in Air

Tampa, FL – A woman working aboard a ship at the Port of Tampa was rescued Sunday after deputies found her hanging upside down from a rope roughly 16 feet above the ground, according to the Hillsborough County Sheriff’s Office.According to HCSO, deputies responded on December 7, 2025, after being notified that a crew member had not returned to her ship the night before. The missing woman was eventually located nearby, suspended by her leg from a rope and unable to free herself.Deputies said the woma...

Tampa, FL – A woman working aboard a ship at the Port of Tampa was rescued Sunday after deputies found her hanging upside down from a rope roughly 16 feet above the ground, according to the Hillsborough County Sheriff’s Office.

According to HCSO, deputies responded on December 7, 2025, after being notified that a crew member had not returned to her ship the night before. The missing woman was eventually located nearby, suspended by her leg from a rope and unable to free herself.

Deputies said the woman was conscious when they arrived and appeared to have slipped while trying to climb down the rope. Coworkers assisted deputies in lowering her safely to the ground. Authorities said she suffered only minor injuries despite spending hours suspended in the air.

HCSO noted that the rapid response played a key role in preventing more serious harm. The sheriff’s office did not release the woman’s name but confirmed she was treated on scene.

The incident occurred at a port facility in Tampa within Hillsborough County, a major hub for cruise, freight, and industrial operations across the Tampa Bay region. No foul play is suspected.

Authorities said the crew member told deputies she became disoriented while navigating the rope in the dark and slipped, leaving her unable to climb back up or call for help. Deputies emphasized the importance of safety protocols for anyone working at elevation, especially during nighttime operations.

Residents or workers in the area who may have witnessed the incident are encouraged to contact HCSO with any additional information.

This article was produced by a journalist and may include AI-assisted input. All content is reviewed for accuracy and fairness.Follow us on Instagram & Facebook for more relevant news stories and SUPPORT LOCAL INDEPENDENT NEWS! Have a tip? Message us!

Construction underway on $505M, 26-mile South Hillsborough Pipeline

Bottom lineKey takeaway: Tampa Bay Water is building the 26.5-mile South Hillsborough Pipeline to deliver fresh drinking water from Brandon to new developments in the Lithia and Wimauma/Balm areas.Core challenge: By 2045, the number of homes in Boyette is expected to increase by one-third, Wimauma will more than double and the Wimauma and Balm area will nearly triple.What’s next: Construction crews began working on the first portions of the project earlier...

With the population continuing to soar and a slew of new housing developments planned across the outermost corners of the formerly rural region, south Hillsborough County is getting a much needed gift from its water supplier this holiday season: a vital new pipeline for safe drinking water.

Tampa Bay Water, the regional drinking water supplier for Hillsborough, Pasco and Pinellas counties, began construction earlier this month on the new, 26.5-mile South Hillsborough Pipeline needed to deliver clean drinking water to the fastest growing corner of the region, the agency says. It’s a $505.7 million project that’s funded in part by the Southwest Florida Water Management District and an $84.02 million infusion from Hillsborough County, records show.

When finished, likely in late 2028, the pipeline will deliver up to 65 million gallons of fresh drinking water per day from Tampa Bay Water’s regional facility in Brandon to Hillsborough County’s southern service area at its Lithia Water Treatment Plant and a new facility in Balm that will be built by Hillsborough County.

The project is necessary to keep up with a growth surge, TBW spokesman Brandon Moore says. By 2045, the number of homes in Boyette is expected to increase by one-third, Wimauma will more than double and the Balm area will nearly triple, officials say.

“It’s been 15 to 20 years since TBW has done a pipeline project of this magnitude, and this is still maybe the largest pipeline project we’ve ever done,” Moore says. “We have no authority over the growth that happens in any of our member counties, but our mandate is to make sure that they have drinking water to meet that growth.”

Construction crews began working on the first portions of the project earlier this month, closing lanes at the intersection of South Kings and West Bloomingdale avenues in Brandon to restripe and establish a new traffic pattern. Once that’s finished, crews will begin burrowing underneath Bloomingdale Avenue, excavating a tunnel pit and installing a five-foot diameter pipeline beneath the road.

South Hillsborough residents can expect construction in the area Monday through Saturday from 7 a.m. to 6 p.m. Temporary traffic patterns and lane closures will remain in place for about four months, says RaeChelle Davis, a communications official on the project.

The expansive pipeline is the result of an interlocal joint project agreement with Hillsborough County broken into two parts: Segment A, which was approved in September 2022 and Segment B, which was approved in January 2023 and will be paid for by Hillsborough County. The plan, Moore says, was selected from 10 alternatives using 11 criteria, including cost, permitting and environmental protection.

The South Hillsborough Pipeline includes 17 tunnel crossings where construction crews will burrow underneath major roadways, railroads and the Alafia River, minimizing potential impacts to the environment, already congested traffic routes, like State Road 60, and major intersections.

TBW was fortunate to find two properties for sale on opposite sides of the Alafia River, eliminating the need to take over someone’s property under Florida’s eminent domain laws, Moore says. Hillsborough County property records show TBW purchased a 0.12 acre parcel at 4142 Alafia Blvd. for $489,600 and a 0.09 acre parcel at 7202 Alafia Ridge Road for $230,000.

Crews will dig a pit on both sides of the river roughly 45 feet deep, lower tunneling equipment and push in pipe casing, then go back and insert the pipe, Moore says. All tunneling locations should be complete by Spring 2026.

Other sections of the pipeline will be laid in “open cut” construction, where crews cut a trench in the middle of a roadway, install metal or concrete trench boxes and lay 25-foot sections of pipe at an average pace of 50 feet per day. TBW will have up to seven crews working on different sections of the pipeline at once to ensure the project stays on schedule.

Traffic weighed heavily on the projected timeline for the project, Moore says.

Two-way traffic will be maintained on Boyette Road at all times, and construction in front of Kingswood Elementary and Brandon High schools is scheduled for the summer. Construction crews will work at night on sections of the pipeline that intersect with large commercial corridors to minimize business disruptions and during the day access to businesses and homes will be maintained with temporary easements and help from a new addition to the project: full-time “Community Coordinators.”

Up to 16 Community Coordinators will staff construction sites 24 hours a day, seven days a week, Moore says, assisting residents with any potential issues such as access, parking, deliveries or garbage collection. Hired by Brandon-based contractor Garney Companies, the Community Coordinators will wear blue vests for easy identification and drive around the perimeter of the construction site on golf carts, Moore says. The agency, on hte communication front, has held 11 public meetings on the project this year.

“It will be a challenge,” Moore says. “We can’t promise that there won’t be impacts but we can promise that we’ll communicate what all of those impacts are and we’ve already begun doing that.”

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.
VA Loan Near Me

Service Areas