The 2019 $0 down, VA home loan limit for Bay County is $484,350.
Water blue as crystal, paper white sanded beaches and year round dolphin swims define and attract tourists to Bay County, numbering in the hundreds of thousands from all over the world every year. Located along the northern coast of Florida, between Gulf County and Walton County, Bay County was established in 1913, carved largely from Washington and Calhoun Counties. Named by representatives of the five original county towns, Bay was determined to be the least polarizing name out of all of the discussed choices. Famously, Gideon V Wainwright took place in Bay County; this landmark case established the right for any individual accused of a criminal offense
168,852 people currently reside in the county. The county seat of Panama City is the largest city in the county. Part of the Northwest Regional Library System, eight libraries are found within the area.
The Apalachicola National Forest falls within the county. Swimming, hiking, boating, hunting, fishing, ATV and horseback rides are all offered at the nationally protected site.
The median household income in Bay County is $36,092, and the median property value is $163,000. The local economy is based in tourism, real estate, retail and the Tyndall Air Force Base, Naval Support Activity Panama City and the 53rd Infantry Brigade of the Florida National Guard.
The local climate tends to eschew towards extremely humid, with subtropical conditions. The winters are mild and brief, and the summers are lengthy and hot.
Veterans and active duty personnel interest in applying for a VA loan in Bay County are encouraged to contact VA Home Loan Centers.
Veterans in Bay County
21,503 veterans live in Bay County. The Panama City Outpatient Clinic in Panama City offers area veterans medical services. The Bay County Veteran Services Office provides further aid to veterans with benefits counseling, pension guidance and referral services. VFW Posts 2185, 8205 and 10555 all located in Panama City, serve veterans by providing social support, and a sense of belonging.
Property tax exemptions exist for veterans who suffered a service-related injury. For vets with a disability rating of 10 percent, a $5,000 exemption is available. Veterans with a complete disability (100 percent rating) are entirely exempt from having to pay property taxes. Veterans over 65 who at the time of their enlistment were Florida Residents, a discount is given on property taxes, determined by disability rating.
The presence of Tyndall Air Force Base and NSA Panama City make the county very military friendly. Tyndall, which has been in use since 1941, is home to the 325th fighter wing, First Air Force and 53d Weapons Evaluation Group. As of 2010, the resident population of the base is approximately 3,000.
Naval Support Activity Panama City is an operated facility by the United States Navy. Operating out of NSA Panama City is the Experimental Diving Unit, the Center for Surface Warfare and the center for Diving Salvage. The majority of facility functionality is in research and training.
Maximum VA Appraisal Fees Allowable In Bay County:
- Single Family: $425
- Condominium: $425
- Manufactured Housing: $425
- Duplex $500
- Triplex: $550
- Fourplex: $600
- Repair Certification: 100
Bay County Property Search
The VA HLC property search can be used for the following areas:
Panama City Beach, Panama City, Mexico Beach, Parker, Springfield, Lynn Haven, Callaway, Pretty Bayou, Upper Grand Lagoon, Lower Grand Lagoon, Laguna Beach, Cedar Grove, Millville, Youngstown, Sunnyside, Santa Monica, Fountain, Vicksburg, Southport, Bayou Gorge.
Bay County VA Approved Condos
| Condo Name (ID) | CELADON BEACH (612552) |
| Address | PANAMA CITY BCH FL 32413 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 06/23/2009 |
| Review Completion Date | 10/21/2009 |
| Condo Name (ID) | DUNE POINTE (000131) |
| Address | CONDOMINIUMS FT. WALTON BEACH FL 32548 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 10/31/2011 |
| Review Completion Date | 11/02/2011 |
| Condo Name (ID) | JAMAICAN LAKE (000331) |
| Address | STATE ROAD 30-A PANAMA CITY FL 32407 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 02/12/2014 |
| Review Completion Date | 05/12/2014 |
| Condo Name (ID) | JAMAICAN LAKE (000331) |
| Address | STATE ROAD 30-A PANAMA CITY FL 32407 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 02/12/2014 |
| Review Completion Date | 05/12/2014 |
| Condo Name (ID) | LANDMARK (612334) |
| Address | ON ST ANDREWS BAY PANAMA CITY BCH FL 32780 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 06/26/2003 |
| Review Completion Date | 06/26/2003 |
| Condo Name (ID) | LONGPOINT (192500) |
| Address | PH 1 PANAMA CITY FL 11111 – 0000 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 03/01/2002 |
| Review Completion Date | Unavailable |
| Condo Name (ID) | NAUTILUS COVE (H11550) |
| Address | PANAMA CITY BEA FL 32407 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 07/09/2007 |
| Review Completion Date | Unavailable |
| Condo Name (ID) | PRINCESS CONDOMINIUM (000217) |
| Address | 6415 THOMAS DRIVE PANAMA CITY BEACH FL 32408 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 10/05/2012 |
| Review Completion Date | 10/17/2012 |
| Condo Name (ID) | SAN DESTIN YACHT CLUB (000121) |
| Address |
|
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 09/23/2011 |
| Review Completion Date | 10/06/2011 |
| Condo Name (ID) | SUNRISE BEACH (612559) |
| Address | PANAMA CITY BCH FL 32407 BAY |
| Status | Accepted Without Conditions |
| Last Update | Unavailable |
| Request Received Date | 07/27/2009 |
| Review Completion Date | 09/24/2009 |
Links
- Florida VA Loan Information: https://www.vahomeloancenters.org/florida-va-home-loan-limits/
- VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/
