If I can be of any assistance to you in any way, please do not hesitate to contact me. There are some awesome opportunities in the Tampa Bay area right now. Good luck to you.
1. Consider using your VA loan the limits are at an all time high of $417,000 guaranteed if you qualify with 0% down. You would have a funding fee of 2.15% for first time funding fee and 3.3% after. If you put 10% down it reduces to 1.75%. The rates are comparable to conventional and to FHA so averaging 5.1% this past week.
2. Your loan limit does not qualify for FHA since our ceiling is $292,000 so you would have to put 35% to qualify.
3. To stay below jumbo loan level you need to put only 10% down. Jumbo loans are currently running in the mid to high 6% with 1.5 points at the table for declining market.
Of course depending on how long you will be stationed in the Tampa area - which I have been told by many of my clients have been much longer than the 3 years we use to have when my dad was in the Army. You may still be able to use your VA and be fine. If you need any further information about Tampa or surrounding areas - please contact me.
Best of luck!
Prudential Tropical Realty