Bradenton VA Loans

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A Bradenton FL VA home mortgage loan is a loan issued 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 easier for vets. The funds are lent by the lenders themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Eligible for a Bradenton Florida VA Mortgage?

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

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

Eligibility Requirements for Bradenton VA Loans

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

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

The guarantee by the VA mortgage in Bradenton is granted only when the house is for individual use of the client. However, the funds can be used to buy the home, build it or to make changes to it, as per the needs of the client.

Gathering a Certification of Eligibility for Bradenton VA Loans

For the request of a COE, in-service members of the armed forces need to have completed specific time amounts of service. On the other hand, the eligibility criteria for the spouses of veterans to obtain a home mortgage loan is slightly 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 vets who are alive but were disabled during service.

If you think you are eligible for a Bradenton Florida VA mortgage loancontact 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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