Bonita Springs VA Loans

apply-now-today

A Bonita Springs Florida VA home loan is a loan issued by private lenders that are backed by the VA department so that the process of applying for a mortgage can become easier for veterans. The actual money is 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 Loan?

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

• Veterans who have served with the U.S. military.
• Military men who are on active duty.
• Reservists or members of the National Guard.
• Spouses of certain deceased veterans.

Qualifying Requirements for Bonita Springs VA Mortgage Loans

Not all veteran qualifies for a VA home loan. In order qualify, veterans require:

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

The VA-guaranteed loan in Bonita Springs is granted only when the home is for individual use of the client. However, the money can be used to buy the property, build it or to make changes to it, as per the requirements of the client.

Requesting a COE for Bonita Springs VA Mortgage Loans

For the obtainment of a COE, service men and women of the armed forces and veterans need to have completed specific time amounts of service. On the contrary, the eligibility criteria for the spouses of vets to obtain a home loan is slightly different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone MIA or are prisoners of war.
• Spouses who have remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but were disabled during service.

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

 

Contact Us

map

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

Latest News