Aventura VA Loans

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An Aventura FL VA home mortgage loan is a mortgage offered by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a home loan can become simpler for veterans. The actual money is lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for an Aventura Florida VA Mortgage?

There are four types of people who can apply for Aventura VA mortgages. These are:

• Veterans who have served with the United States armed forces.
• Military personnel which are currently active on duty.
• Reservists or members of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Aventura VA Home Loans

Not every veteran qualifies for a VA mortgage loan. In order to be eligible, veterans require:

• Sufficient and consistent credit background.
• A stable means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the VA mortgage loan in Aventura is offered only when the house is for personal use of the borrower. However, the funds can be used to buy the home, develop it or to make improvements in it, as per the needs of the borrower.

Gathering a Certification of Eligibility for Aventura VA Mortgages

For the obtainment of a COE, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of honorable service. On the contrary, the requirement criteria for the significant others of veterans to get a home mortgage loan is somewhat different. It consists of:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone missing in action or are POWs.
• Spouses who have remarried after reaching the age of 57.
• Spouses of vets which alive but were disabled during service.

If you think you might be eligible for an Aventura Florida VA home mortgagecontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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