Bradenton VA Loans

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A Bradenton FL VA mortgage loan is a home loan provided by private lenders that are supported by the VA department so that the process of getting a mortgage can become simpler for vets. The money is then lent by the lenders themselves but the guarantees from the VA help them in finding reliable borrowers among the veterans.

Who is Qualified for a Bradenton Florida VA Loan?

There are four types of people who can apply for Bradenton VA mortgages. These are:

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

Eligibility Requirements for Bradenton VA 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 department of Veterans Affairs home loan in Bradenton is offered only when the house is for individual use of the borrower. However, the money can be used to buy the property, build it or to make improvements in it, as per the needs of the borrower.

Requesting a COE for Bradenton VA Mortgage Loans

For the gathering of a COE, in-service members of the armed forces and veterans need to have fulfilled specific time durations of honorable service. On the other hand, the eligibility criteria for the spouses of vets to get a mortgage loan is somewhat different. It includes:

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA 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 Bradenton 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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