Brandon VA Loans

apply-now-today

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

Who is Eligible for a Brandon VA Home Loan?

There are four types of people who can request Brandon FL VA home mortgages. These are:

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

Eligibility Requirements for Brandon VA Mortgage Loan

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

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

The guarantee by the VA loan is granted only when the home is for personal use of the client. However, the funds can be used to purchase the house, build it or to make changes to it, as per the needs of the client.

Gathering a COE for Brandon VA Mortgage Loans

For the obtainment of a Certificate of Eligibility, service men and women of the armed forces and veterans need to have completed specific time amounts of honorable service. On the contrary, the eligibility criteria for the significant others of veterans to get 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 alive but have been disabled during service.

If you think you might be eligible for a Brandon FL VA loanscontact 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