Aventura VA Loans

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An Aventura Florida VA home mortgage loan is a home loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a home mortgage 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 borrowers among the veterans.

Who is Eligible for an Aventura Florida VA Loan?

There are four kinds of people who can request Aventura VA loans. These are:

• Veterans who served with the United States military.
• Military soldiers who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Aventura VA Mortgage Loan

Not all veteran is eligible for a VA loan. In order qualify, veterans require:

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

The VA-guaranteed loan in Aventura is offered only when the home is for individual use of the borrower. However, the funds can be used to buy the home, build it or to make changes to it, as per the needs of the borrower.

Requesting a Certification of Eligibility for Aventura VA Home Loans

For the request of a COE, in-service members of the armed forces need to have fulfilled specific time durations of service. On the other hand, the eligibility criteria for the spouses of veterans to obtain a home mortgage loan is slightly different. It consists of:

• Spouses of deceased veterans 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 who are still alive but have been disabled during service.

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

 

Contact Us

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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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