Coral Gables VA Loans

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A Coral Gables Florida VA home mortgage loan is a home mortgage loan provided by private lenders that are backed by the VA department so that the process of getting a home mortgage loan can become easier for veterans. The actual money is lent by the mortgage lender themselves but the guarantees from the VA help them in identifying reliable borrowers among the veterans.

Who is Qualified for a Coral Gables Florida VA Mortgage Loan?

There are four kinds of people who can request Coral Gables VA mortgage loans. These are:

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

Eligibility Requirements for Coral Gables VA Mortgage Loans

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

• Sufficient and consistent credit background.
• A fixed and stable means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the VA mortgage loan in Coral Gables is granted only when the house is for individual 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 requirements of the client.

Requesting a COE for Coral Gables VA Home Loans

For the request of a Certificate of Eligibility, 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 significant others of veterans to get a home mortgage loan is somewhat different. It includes:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but have been disabled during service.

If you think you are eligible for a Coral Gables Florida VA home 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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