Brandon VA Loans

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A Brandon FL VA home mortgage loan is a home loan provided by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage 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 Qualified for a Brandon VA Home Mortgage Loan?

There are four kinds of people who can request Brandon FL VA mortgage loans. These are:

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

Eligibility Requirements for Brandon VA Mortgage Loan

Not every veteran qualifies for a VA mortgage. In order qualify, veterans require:

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

The VA-guaranteed mortgage is offered only when the house is for individual use of the client. However, the funds can be used to buy the property, build it or to make improvements in it, as per the requirements of the client.

Gathering a Certification of Eligibility for Brandon VA Mortgage Loans

For the obtainment of a COE, service men and women of the armed forces need to have completed specific time durations of service. On the other hand, the requirement criteria for the spouses of veterans to get a home mortgage 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 those veterans who are alive but have been disabled during service.

If you think you might be eligible for a Brandon FL VA mortgage loancontact 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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