Cutler Bay VA Loans

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A Cutler Bay VA home mortgage is a mortgage offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of getting a home loan can become easier for vets. The money is then lent by the mortgage companies themselves but the guarantees from the VA help them in finding reliable clients among the veterans.

Who is Qualified for a Cutler Bay Florida VA Home Loan?

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

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

Eligibility Requirements for Cutler Bay VA Mortgages

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

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

The guarantee by the department of Veterans Affairs mortgage in Cutler Bay is offered only when the house is for individual use of the client. However, the funds can be used to purchase the property, build it or to make improvements in it, as per the needs of the client.

Requesting a COE for Cutler Bay VA Home Loans

For the obtainment of a COE, in-service members of the armed forces need to have completed specific time amounts of service. On the other hand, the requirement criteria for the significant others of veterans to get a home mortgage is slightly different. It includes:

• Spouses of deceased veterans 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 vets who are still alive but have been disabled during service.

If you think you might be eligible for a Cutler Bay 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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