Davie VA Loans

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A Davie Florida VA home loan is a loan provided by private lenders that are backed by the VA department so that the process of applying for a mortgage can become simpler for vets. The money is then 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 Davie Florida VA Home Mortgage Loan?

There are four kinds of people who can apply for Davie VA mortgages. These are:

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

Qualifying Requirements for Davie VA Mortgages

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

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

The guarantee by the department of Veterans Affairs home loan in Davie is offered only when the house is for personal use of the client. However, the money can be used to buy the home, build it or to make changes to it, as per the requirements of the client.

Obtaining a Certification of Eligibility for Davie VA Home Loans

For the request of a Certificate of Eligibility, service men and women of the armed forces need to have fulfilled specific time amounts of service. On the contrary, the requirement criteria for the spouses of vets 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 missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans which still alive but were disabled during service.

If you think you might be eligible for a Davie Florida VA mortgage 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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