Coral Gables VA Loans

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A Coral Gables VA home mortgage is a home loan issued by private lenders that are supported by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage can become simpler for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in identifying reliable clients among the veterans.

Who is Eligible for a Coral Gables Florida VA Home Loan?

There are four types of people who can apply for Coral Gables VA home loans. These are:

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

Qualifying Requirements for Coral Gables VA Loans

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

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

The guarantee by the department of Veterans Affairs home loan in Coral Gables is offered only when the house is for individual use of the borrower. However, the money can be used to purchase the home, build it or to make improvements in it, as per the requirements of the borrower.

Requesting a COE for Coral Gables VA Loans

For the gathering 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 spouses of veterans to get a home mortgage is slightly 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 have remarried after reaching the age of 57.
• Spouses of vets which still alive but were disabled during service.

If you think you might be eligible for a Coral Gables Florida VA home 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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