Cutler Bay VA Loans

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

Who is Eligible for a Cutler Bay Florida VA Home Mortgage?

There are four kinds of people who can request Cutler Bay VA home mortgages. These are:

• Veterans who served with the U.S. military.
• Military men and woman which are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain veterans that are now deceased.

Qualifying Requirements for Cutler Bay VA Mortgages

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

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

The guarantee by the VA mortgage loan in Cutler Bay is granted only when the house is for individual use of the borrower. However, the funds can be used to purchase the property, build it or to make changes to it, as per the needs of the borrower.

Requesting a Certification of Eligibility for Cutler Bay VA Home Loans

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

• Spouses of veterans that are now deceased who have not remarried.
• Spouses of veterans who have gone MIA 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 might be eligible for a Cutler Bay Florida VA mortgage loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

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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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