Bonita Springs VA Loans

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A Bonita Springs VA loan is a home mortgage loan offered by private lenders that are supported by the VA department so that the process of getting a home loan can become easier for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Eligible for a Bonita Springs Florida VA Mortgage Loan?

There are four types of people who can request Bonita Springs VA home mortgage loans. These are:

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

Eligibility Requirements for Bonita Springs VA Home Loans

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

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

The guarantee by the VA mortgage in Bonita Springs is offered only when the house is for personal use of the borrower. However, the money can be used to purchase the home, develop it or to make changes to it, as per the needs of the borrower.

Requesting a COE for Bonita Springs VA Mortgages

For the request of a COE, in-service members of the armed forces and veterans need to have completed specific time amounts of service. On the other hand, the requirement criteria for the significant others of veterans to obtain a loan is somewhat different. It includes:

• 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 remarried after reaching the age of 57.
• Spouses of those veterans which still alive but have been disabled during service.

If you think you are eligible for a Bonita Springs Florida VA home mortgagecontact 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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