Bonita Springs VA Loans

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A Bonita Springs Florida VA loan is a loan issued by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a home loan can become easier for vets. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in locating reliable clients among the veterans.

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

There are four types of people who can apply for Bonita Springs VA loans. These are:

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

Eligibility Requirements for Bonita Springs VA Mortgage Loan

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

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

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

Obtaining a Certification of Eligibility for Bonita Springs VA Mortgages

For the request of a COE, service men and women of the armed forces and veterans need to have fulfilled specific time amounts of service. On the contrary, the eligibility criteria for the significant others of veterans to obtain a loan is somewhat 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 vets who are alive but have been disabled during service.

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